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Baazar Style Retail IPO
Baazar Style Retail Ltd
₹14,060 /38 sharesMinimum investment
IPO details
Minimum investment
₹14,060
Price range
₹370 - ₹389
Lot size
38
Issue size
834.68 Cr
Face value
5
IPO document
Subscription rate
Qualified Institutional Buyers55.42x
Non-Institutional Investor55.70x
Retail Individual Investor8.09x
Employees33.01x
Total31.81x
As of 03 Sep'24, 04:00 PM
Schedule
30 Aug 2024
IPO open date
3 Sep 2024
IPO close date
4 Sep 2024
Allotment date
4 Sep 2024
Funds unblock or debit
6 Sep 2024
Tentative listing date
About
Founded in
2013
MD/CEO
Mr. Shreyans Surana
Parent organisation
Baazar Style Retail Ltd
Baazar Style Retail Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
Strengths
Risks
The company has seen a consistent increase in revenue from operations. It increased from Rs 551.12 crore in FY22 to Rs 787.90 crore in FY23 to Rs 972.88 crore in FY24.
Beginning with two stores in 2014, the company has expanded to 162 stores by 2024.
The company offers a mix of private label and third-party brands, including fashion labels like Killer and Sparky, in select stores. This product mix is built on customer preferences.
Baazar Style Retail engages with their customer base through various channels, including text messages, voice calls, and social media interactions.
Baazar Style Retail's product range is designed to meet the diverse needs of entire families. Their product line is trendy and affordable.
Baazar Style Retail's major revenue generation is dependent on sales in the eastern region of the country (West Bengal, Odisha, Assam, and Bihar). These core markets contributed Rs 849.49 crore (87.32%) in FY24, Rs 713.03 crore (90.50%) in FY23, and Rs 503.92 crore (91.44%) in FY22 to the revenue from operations. Any adverse developments in the region’s business environment could have a negative impact on the company’s business.
Baazar Style Retail depends on its network of third-party suppliers for product sourcing. Any disruption in this supply chain could negatively impact the company's business and financial standing.
The company's sales depend heavily on repeat customers. Repeat sales contributed 71.94% in FY24, 70% in FY23, and 68.50% in FY22 to total sales. Any decline in customer retention could negatively impact the financial performance of the company.
Baazar Style Retail had a total indebtedness of Rs 153.48 crore as of June 30, 2024. Any inability to repay or service these loans on time could negatively impact the business’s standing.
The company and its directors are involved in certain legal proceedings. Any adverse judgment in any of these cases could negatively impact the company’s reputation and business prospects.
Application details
For Baazar Style Retail IPO, eligible investors can apply as Regular & Employee.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Regular | ₹370 - ₹389 | Upto ₹2 Lakhs | 38 |
| Employee | ₹335 - ₹354 | Upto ₹2 Lakhs | 38 |
| High Networth Individual | ₹370 - ₹389 | ₹2 - ₹5 Lakhs | 38 |