Baazar Style Retail IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Aug 30 to Sep 03 2024
Price Band
₹370 - 389
Current GMP
₹389(0.0%)
Subscription
40.63 times
IPO Details
| IPO Date | August 30, 2024 to September 3, 2024 |
| Listing Date | Friday, September 6, 2024 |
| Face Value | ₹5 per share |
| Price Band | ₹370 to ₹389 per share |
| Lot Size | 38 Shares |
| Total Issue Size | 21,456,947 shares (aggregating up to ₹834.68 Cr) |
| Fresh Issue | 3,804,627 shares (aggregating up to ₹148.00 Cr) |
| Offer for Sale | 17,652,320 shares of ₹5 (aggregating up to ₹686.68 Cr) |
| Employee Discount | Rs 35 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 70,810,966 |
| Share holding post issue | 74,615,593 |
IPO Date
August 30, 2024 to September 3, 2024
Listing Date
Friday, September 6, 2024
Face Value
₹5 per share
Price Band
₹370 to ₹389 per share
Lot Size
38 Shares
Total Issue Size
21,456,947 shares (aggregating up to ₹834.68 Cr)
Fresh Issue
3,804,627 shares (aggregating up to ₹148.00 Cr)
Offer for Sale
17,652,320 shares of ₹5 (aggregating up to ₹686.68 Cr)
Employee Discount
Rs 35 per share
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE
Share holding pre issue
70,810,966
Share holding post issue
74,615,593
IPO Subscription Details
| Anchor Investors | 1 |
| Qualified Institutions | 81.83 |
| Non-Institutional Buyers | 59.41 |
| bNII (bids above ₹10L) | 69.27 |
| sNII (bids below ₹10L) | 39.68 |
| Retail Investors | 9.07 |
| Employees | 35.08 |
| Total ** | 40.63 |
Anchor Investors
1
Qualified Institutions
81.83
Non-Institutional Buyers
59.41
bNII (bids above ₹10L)
69.27
sNII (bids below ₹10L)
39.68
Retail Investors
9.07
Employees
35.08
Total **
40.63
Day Wise Sub
| Day | QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|---|
| Day 1 Aug 30, 2024 | 0.70 | 0.47 | 0.85 | 6.26 | 0.73 |
| Day 2 Sep 2, 2024 | 0.84 | 11.66 | 3.81 | 20.94 | 4.68 |
| Day 3 Sep 3, 2024 | 81.83 | 59.41 | 9.07 | 35.08 | 40.63 |
DayDay 1
Aug 30, 2024
QIB0.70
NII0.47
Retail0.85
EMP6.26
Total0.73
DayDay 2
Sep 2, 2024
QIB0.84
NII11.66
Retail3.81
EMP20.94
Total4.68
DayDay 3
Sep 3, 2024
QIB81.83
NII59.41
Retail9.07
EMP35.08
Total40.63
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 06-09-2024 | 389.00 | 33(8.48%) | 422 |
| 05-09-2024 | 389.00 | 33(8.48%) | 422 |
| 04-09-2024 | 389.00 | 58(14.91%) | 447 |
| 03-09-2024 | 389.00 | 65(16.71%) | 454 |
| 02-09-2024 | 389.00 | 65(16.71%) | 454 |
| 01-09-2024 | 389.00 | 85(21.85%) | 474 |
| 31-08-2024 | 389.00 | 95(24.42%) | 484 |
| 30-08-2024 | 389.00 | 126(32.39%) | 515 |
| 29-08-2024 | 389.00 | 130(33.42%) | 519 |
| 28-08-2024 | 389.00 | 125(32.13%) | 514 |
| 27-08-2024 | 389.00 | 141(36.25%) | 530 |
| 26-08-2024 | 389.00 | 141(36.25%) | 530 |
Date06-09-2024
Price389.00
GMP33(8.48%)
Estimate List Price422
Date05-09-2024
Price389.00
GMP33(8.48%)
Estimate List Price422
Date04-09-2024
Price389.00
GMP58(14.91%)
Estimate List Price447
Date03-09-2024
Price389.00
GMP65(16.71%)
Estimate List Price454
Date02-09-2024
Price389.00
GMP65(16.71%)
Estimate List Price454
Date01-09-2024
Price389.00
GMP85(21.85%)
Estimate List Price474
Date31-08-2024
Price389.00
GMP95(24.42%)
Estimate List Price484
Date30-08-2024
Price389.00
GMP126(32.39%)
Estimate List Price515
Date29-08-2024
Price389.00
GMP130(33.42%)
Estimate List Price519
Date28-08-2024
Price389.00
GMP125(32.13%)
Estimate List Price514
Date27-08-2024
Price389.00
GMP141(36.25%)
Estimate List Price530
Date26-08-2024
Price389.00
GMP141(36.25%)
Estimate List Price530
IPO Important Dates
| IPO Open Date | Friday, August 30, 2024 |
| IPO Close Date | Tuesday, September 3, 2024 |
| Basis of Allotment | Wednesday, September 4, 2024 |
| Initiation of Refunds | Thursday, September 5, 2024 |
| Credit of Shares to Demat | Thursday, September 5, 2024 |
| Listing Date | Friday, September 6, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 3, 2024 |
IPO Open Date
Friday, August 30, 2024
IPO Close Date
Tuesday, September 3, 2024
Basis of Allotment
Wednesday, September 4, 2024
Initiation of Refunds
Thursday, September 5, 2024
Credit of Shares to Demat
Thursday, September 5, 2024
Listing Date
Friday, September 6, 2024
Cut-off time for UPI mandate confirmation
5 PM on September 3, 2024
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 38 | ₹14,782 |
| Retail (Max) | 13 | 494 | ₹192,166 |
| S-HNI (Min) | 14 | 532 | ₹206,948 |
| S-HNI (Max) | 67 | 2,546 | ₹990,394 |
| B-HNI (Min) | 68 | 2,584 | ₹1,005,176 |
ApplicationRetail (Min)
Lots1
Shares38
Amount₹14,782
ApplicationRetail (Max)
Lots13
Shares494
Amount₹192,166
ApplicationS-HNI (Min)
Lots14
Shares532
Amount₹206,948
ApplicationS-HNI (Max)
Lots67
Shares2,546
Amount₹990,394
ApplicationB-HNI (Min)
Lots68
Shares2,584
Amount₹1,005,176
Key Performance Indicator
| ROE | 10.74% |
| ROCE | 18.39% |
| Debt/Equity | 0.76 |
| RoNW | 10.32% |
| P/BV | 12.78 |
| PAT Margin (%) | 2.23 |
| EPS (Rs) | 3.1 |
ROE
10.74%
ROCE
18.39%
Debt/Equity
0.76
RoNW
10.32%
P/BV
12.78
PAT Margin (%)
2.23
EPS (Rs)
3.1
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 64,29,372 (29.96%) | NA |
| QIB Shares Offered | 42,86,248 (19.97%) | NA |
| NII (HNI) Shares Offered | 32,14,686 (14.98%) | |
| bNII > ₹10L | 21,43,124 (9.99%) | 4,028 |
| sNII < ₹10L | 10,71,562 (4.99%) | 2,014 |
| Retail Shares Offered | 75,00,934 (34.95%) | 1,97,393 |
| Employee Shares Offered | 28,248 (0.13%) | NA |
| Total Shares Offered | 2,14,59,488 (100%) |
Investor CategoryAnchor Investor Shares Offered
Shares Offered64,29,372 (29.96%)
Maximum AllotteesNA
Investor CategoryQIB Shares Offered
Shares Offered42,86,248 (19.97%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered32,14,686 (14.98%)
Maximum Allottees
Investor CategorybNII > ₹10L
Shares Offered21,43,124 (9.99%)
Maximum Allottees4,028
Investor CategorysNII < ₹10L
Shares Offered10,71,562 (4.99%)
Maximum Allottees2,014
Investor CategoryRetail Shares Offered
Shares Offered75,00,934 (34.95%)
Maximum Allottees1,97,393
Investor CategoryEmployee Shares Offered
Shares Offered28,248 (0.13%)
Maximum AllotteesNA
Investor CategoryTotal Shares Offered
Shares Offered2,14,59,488 (100%)
Maximum Allottees
Information about company
Incorporated in June 2013, Bazaar Style Retail Limited is a fashion retailer operating in West Bengal and Odisha. The company offers apparel for men, women, boys, girls, and infants and general merchandise such as non-apparels and home furnishing products.
The company focuses on providing a family-oriented shopping experience, offering quality products and striving to offer every Indian stylish merchandise at an affordable price.
As of March 31, 2024, the stores averaged 9,046 square feet and were staffed by trained employees to enhance customer experience.
The company operates in Odisha, Bihar, Assam, Jharkhand, Andhra Pradesh, Uttar Pradesh, Tripura, and Chhattisgarh.
As of March 31, 2024, the company has expanded across 9 states and operates 162 stores.
As of March 31, 2024, The company had an in-house marketing team consisting of 13 personnel.
The company has a strong designing and merchandising team of 57 personnel who have experience understanding and sensing the regional preferences of its target customers. They work to provide the customers with the latest market trends through their experience in the retail and textile industries.
Objectives of IPO
The company proposes to utilize the Net Proceeds towards funding the following objects (collectively, referred to as the “Objects”):
Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company and
General corporate purposes.
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
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