Latest information on Baazar Style Retail’s IPO, including the date, price, allotment details, and key updates.

Baazar Style Retail IPO is a retail company specializing in offering a diverse range of trendy fashion and lifestyle products at competitive prices. It has published that its IPO is going to be open on 30^th August 2024 and will end on 3^rd September 2024. It aims to gather INR 834.68 crore with a price range of INR 370 to INR 389 per share, a face value of INR 5 per share.

Table of Contents

• Company Overview
• Company Strategy
• Details on IPO Date and Price Band
• IPO Objective
• Market Lot Information on Baazar Style Retail IPO
• Allotment Dates for Baazar Style Retail IPO
• Application Process of IPO
• Financial Analysis of Company
• IPO Valuation
• Competitor Analysis
• Registrar for Baazar
• Style Retail IPO
• Offer Lead Manager
• Company Address

Company Overview

Baazar Style Retail is a fast-growing retail company committed to offering a diverse range of modern wear and accessories. Being a popular clothing retail chain, it has an extensive target market that aims at purchasing trendy and reasonably priced fashionable and lifestyle products. Baazar Style Retail includes internet and store buying, providing customer-oriented shopping that pays significant attention to the value offered. It has a line in clothes and accessories, home products, and many other items; its goal is to continually provide relevant products that fit these categories that would best suit the changing market needs of its clientele without compromising on quality and price.

Company Strategy

Baazar Style Retail’s corporate strategy mainly revolves around enhancing its position as a value fashion retailer, particularly in the east of the country. Currently, the company has a network of 162 stores across 146 cities, and it aims to increase it to further improve customer access. Currently, Baazar Style has a portfolio approach to its product ranges, a majority of which are branded products accompanied by private label products, which generate major revenue. The impending IPO aims at issuing INR 834.58 crore towards debt servicing and other miscellaneous expenses to fund growth prospects. The company focuses on operational excellence and access to strategic locations that will enhance supplies and overall financial performance.

Details on IPO Date and Price Band

 IPO Objective:

The amount of funds to be raised through Baazar Style Retail’s IPO shall be used to repay a certain percentage of its borrowings as well as serve general corporate needs. This also entails improving the balance sheet through the reduction of liabilities to facilitate the growth and operations of the company. The funds generated will help improve the cash reserve position and accommodate the growth strategies, as well as achieve the correct capital structure.

Market Lot Information on Baazar Style Retail IPO

The lot size and corresponding amounts are as follows:

• Retail Minimum: 1 lot (38 shares) for INR 14,782
• Retail Maximum: 13 lots (494 shares) for INR 192,166
• S-HNI Minimum: 14 lots (532 shares) for INR 206,948
• B-HNI Minimum: 68 lots (2,584) for INR 1,005,176

Allotment Dates for Baazar Style Retail IPO

Baazar Style Retail IPO open date is August 30 and the IPO close date is September 3. The IPO allotment date is September 4 and listing date is September 6.

Application Process of IPO

The IPO can be accessed by submitting an application through the online ASBA (Application Supported by Blocked Amount) facility from the bank through ‘Internet banking’, going to ‘Invest’, and applying for the Baazar Style Retail. On the other hand, the IPO forms are also available for download on the BSE & NSE websites which the candidates can fill and submit.

Financial Analysis of Company

Financials in INR Crores.

Baazar Style Retail’s financial performance shows a positive trend over the three years. In 2022, the company achieved a revenue of INR 561.14 crores with an expense of INR 571.19 crores, resulting in a profit after tax (PAT) of INR 8.01 crores. In 2023, revenue increased to INR 794.39 crores, but expenses also rose to INR 788.98 crores, leading to a reduced PAT of INR 5.10 crores. However, in 2024, the company saw significant growth, with revenue reaching INR 982.83 crores and expenses at INR 953.61 crores, resulting in a substantial PAT of INR 21.94 crores, reflecting improved profitability and operational efficiency.

IPO Valuation (FY 2024)

The company’s EPS stands at a value of INR 3.14 with Return on Net Worth (RoNW) of 10.32% and a Net Asset Value (NAV) per share of INR 30.43 in the financial year 2024. The IPO price band range of INR 370 to INR 389 with the issue of 21,456,947 equity shares to INR 834.68 and face value INR 5 per share to raise funds for repaying outstanding borrowings and general corporate purposes, aiming to strengthen its financial position, support expansion, and enhance liquidity.

 Competitor Analysis

Here is the competitor of Baazar Style Retail:

V-Mart Retail Limited

V-Mart Retail Limited is one of the leading Indian retail chains that deals in value fashion and lifestyle segments. It specializes in providing affordable clothing & accessories and home & lifestyle products; the company has many outlets in the tier II and tier III cities of India. It has its strategic goals and objectives in place, which are primarily to offer quality products that are affordable to the customers. Focusing intensely on customer satisfaction and operational effectiveness, V-Mart is moving ahead in terms of expanding its outlets and improving its retail chain.

V2 Retail Limited

V2 Retail Limited is an Indian company that deals with the retail sector, providing a variety of fashionable and inexpensive consumer goods. The business of V2 Retail is targeted mainly through multiple outlets across different cities and is mainly in the sale of cheap clothing accessories and home products. To capture this fast-growing market of value-conscious consumers, the company targets disseminating affordable quality goods and services through its location advantage. As a result of V2 Retail’s dedication to the cause, the company will rely on strategic store placement and provide optimal client satisfaction.

Offer Lead Manager

Axis Capital Limited

Axis Capital Limited is an investment banking and wealth management company that is based in India. It is Axis Bank’s subsidiary that offers one of the widest spectrums of services, such as mergers and acquisitions, capital raising, and financial restructuring. Axis Capital deals with both corporate and institutional clients who seek solutions for their money requirements and to manage the intricacies of modern fiscal challenges.

Intensive Fiscal Services Private Limited

Intensive Fiscal Services Private Limited is a private limited company involved in the provision of financial services in India such as investment advisory and financial planning and management services. This company’s core business is to offer financial services to its customers whether individuals or organizations to enable them to meet their financial needs and objectives by offering them the necessary advice and planning. Due to this commitment, Intensive Fiscal Services aims to ensure that all financial solutions to the clients are quality and would have the best return rates for investment and other related services.

JM Financial Limited

JM Financial Limited is one of the top financial services companies in India, offering investment banking, asset management, and wealth management services. Having been operating for many years in the financial sector, JM Financial exercises professional activity in fields like mergers and acquisitions, capital raising, and advisory services. The company works with both institutional and retail clients aimed at providing advisory services, improving investment prospects, and maximizing financial performance through its broad range of services and analyses.

Conclusion

The impending initial public offering (IPO) of Baazar Style Retail offers a noteworthy prospect for investors seeking to leverage the company’s expanding market share in the value fashion and lifestyle domain. The company wants to raise INR 834.68 crore to fund its expansion objectives and strengthen its financial condition. The IPO price range is INR 370 to INR 389 per share. To make an informed decision about taking part in this IPO, investors should carefully consider the company’s financial performance, market strategy, and competitive landscape. Follow Baazar Style Retail as they make this significant advancement.