Baazar Style Retail IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Baazar Style Retail IPO. Explore Baazar Style Retail IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
Baazar Style Retail Limited is a fast-growing value fashion retailer with a significant market presence in the organized value retail sector in West Bengal and Odisha. The company has expanded rapidly since its inception, becoming one of the leading players in Eastern India. Operating under the brand Style Bazaar, the company offers a wide range of apparel and general merchandise, focusing on providing stylish, quality products at affordable prices. With 162 stores across 146 cities as of March 2024, Baazar Style Retail serves the aspiring middle-class segment, delivering a family-oriented shopping experience. The company operates on a cluster-based expansion model, allowing for efficient supply chain management, optimized marketing, and deep local market insights.
Key Points:
- Business Focus: Value fashion retailer offering a wide range of apparel and general merchandise under the "Style Bazaar" brand.
- Market Presence: Holds a market share of 3.03% in West Bengal and 2.22% in Odisha's organized value retail market.
- Store Network: Operates 162 stores across 146 cities in Eastern India with a total retail footprint of over 1.47 million square feet.
- Product Offerings: Includes apparel for men, women, children, and infants, as well as home furnishings and other non-apparel items.
- Target Audience: Aspiring middle-class households with a focus on fashion-conscious, value-seeking youth and young families.
- Private Label Success: Strong contribution from private label brands, accounting for 37.93% of total revenue in Fiscal 2024.
- Investor Backing: Supported by prominent investors, including Rekha Rakesh Jhunjhunwala, Kewal Kiran Clothing Limited, and Haldiram Snacks.
Objects of the Issue
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company
- General corporate purposes.
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 30 Aug - 03 Sep 2024 |
| IPO Price Band | ₹370 - ₹389 per share |
| Fresh Issue | ₹148 crore |
| Offer For Sale | 17,652,320 shares (₹686.68 crore) |
| Total IPO Size | Approx ₹ 834.68 crore |
| Face Value | ₹5 |
| Listing On | BSE, NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 30 Aug 2024 |
| IPO Closing Date | 03 Sep 2024 |
| Basis Of Allotment | 04 Sep 2024 |
| Refunds | 05 Sep 2024 |
| Demat Transfer | 05 Sep 2024 |
| IPO Listing Date | 06 Sep 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| Total Income | 442.18 | 561.14 | 794.39 | 982.83 |
| Total Expenses | 462.61 | 571.19 | 788.98 | 953.61 |
| Net Profit/Loss | -18.27 | -8.01 | 5.10 | 21.94 |
| NPM (*) | -4.13 | -1.43 | 0.64 | 2.23 |
| Total Assets | 601.79 | 754.20 | 867.11 | 1,165.97 |
| Total Liabilities | 512.25 | 610.42 | 673.52 | 950.84 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| EPS | -3.00 | -1.31 | 0.76 | 3.14 |
| ROE (%) | -18.54 | -6.86 | 3.02 | 10.74 |
| ROCE (%) | -1.03 | 6.59 | 13.77 | 18.39 |
| D/E Ratio | 0.85 | 0.55 | 0.57 | 0.76 |
| Current Ratio | 0.95 | 1.09 | 1.18 | 1.05 |
| EBITDA MARGIN (%) | 10.92 | 12.40 | 12.88 | 14.61 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Baazar Style Retail Limited | 972.88 | 123.86 | 3.14 | 10.32 | 30.43 |
| V-Mart Retail Limited | 2,785.60 | Negative | -48.93 | -12.98 | NA |
| V2 Retail Limited | 1,164.73 | 138.88 | 8.04 | 10.12 | 79.42 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 81.83 |
| Non-Institutional Investor (NII/HNI) | 59.41 |
| Retail Individual Investor (RII) | 9.07 |
| Total | 40.63 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited)
Phone: + 91 810 811 4949
Email: ipo.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/
Company Promoters
- PRADEEP KUMAR AGARWAL
- ROHIT KEDIA
- SHREYANS SURANA
- BHAGWAN PRASAD
- RAJENDRA KUMAR GUPTA
- SABITA AGARWAL
- RAJENDRA KUMAR GUPTA (HUF)
- SRI NARSINGH INFRASTRUCTURE PRIVATE LIMITED
Lead Managers
- Axis Capital Limited
- Intensive Fiscal Services Private Limited
- JM Financial Limited
Company Address
Baazar Style Retail Limited
P S Srijan Tech Park, DN-52, 12th Floor, Street Number 11, DN Block, Sector V, Salt Lake, North 24 Parganas, Kolkata, - 700 091, West Bengal
Phone: (+91 33) 6125 6125
Email: secretarial@stylebaazar.com
Website: www.stylebaazar.in
FAQs
- What is the issue size of the Baazar Style Retail IPO?The Baazar Style Retail IPO has an issue size of Approx ₹ 834.68 crore. This includes a fresh issue of ₹148 crore and an offer for sale (OFS) of 17,652,320 shares (₹686.68 crore).
- What is the price band of the Baazar Style Retail IPO?The price band for the Baazar Style Retail IPO is ₹370 - ₹389 per share.
- What are the bidding dates for the Baazar Style Retail IPO?The Baazar Style Retail IPO will open for bidding on 30 Aug 2024 and close on 03 Sep 2024.
- What is the allotment date for the Baazar Style Retail IPO?The allotment date for the Baazar Style Retail IPO is 04 Sep 2024.
- What is the listing date for the Baazar Style Retail IPO?The listing date for the Baazar Style Retail IPO is 06 Sep 2024.
- What is the Baazar Style Retail IPO grey market premium?The grey market premium (GMP) for the Baazar Style Retail IPO is currently at ₹33, with an expected listing gain of approximately 8.48%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.