Baazar Style Retail IPO GMP Today, Baazar Style Retail IPO Grey Market Premium Updates |Baazar Style Retail IPO, Latest target, Opening gain

Baazar Style Retail IPO began on August 30,2024. It will close on September 3,2024. The Total IPO Size is ₹834.68 Crore Approx. The company set its IPO price is ₹370 to ₹389 per share Per Share. There are three basic categories in Baazar Style Retail IPO Subscription:- 1) Qualified Institutional Buyers.  2) Non-Institutional Investors.  3) Retail.
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.

As of March 31, 2024, the stores averaged 9,046 square feet and were staffed by trained employees to enhance customer experience.

As of March 31, 2024, the company has expanded across 9 states and operates 162 stores. The company operates in Odisha, Bihar, Assam, Jharkhand, Andhra Pradesh, Uttar Pradesh, Tripura, and Chhattisgarh.
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.
As of March 31, 2024, The company had an in-house marketing team consisting of 13 personnel.
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.

Baazar Style Retail IPO Details:

Issuer Baazar Style Retail IPO
Issue Type Book Built Issue IPO
Issue Period Issue Opens: August 30 2024
Issue Closes: September 3 2024
Price Brand 370 to ₹389 per share
Issue Size ₹834.68 Cr
Face Value ₹5 per share
Market Lot 38 Shares
Retail (Max) 1,92,166
QIB 50%
HNI 15%
Retail Individual Bidders 35%
Listing at NSE & BSE
✔️ Apply With ANGEL Free DEMAT Account
Total Shares 21,456,947 shares

Baazar Style Retail IPO GMP Rates day by day

Baazar Style Retail IPO Market Lot:

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 990394
B-HNI (Min) 68 2,584 1,005,176

Baazar Style Retail IPO Date, Allotment & Listing:

Baazar Style Retail IPO Opening Date: August 30, 2024
Baazar Style Retail IPO Closing Date: September 3, 2024
Basis of Allotment: September 4, 2024 
Initiation of Refunds: September 5, 2024
Credit to Demat Account: September 5, 2024
Listing Date: September 6, 2024

Baazar Style Retail Financial Information (Restated Consolidated)

Period Ended 31 Mar 2024
Assets 1,165.97
Revenue 982.83
Profit After Tax 21.94
Net Worth 212.56
Reserves and Surplus 180.2
Total Borrowing 178.23
Amount in ₹ Crore

Key Performance Indicator

The market capitalization of Baazar Style Retail IPO is Rs 2902.55 Cr.

KPI as of March 31, 2024.

KPI Values
ROE 10.74%
ROCE 18.39%
Debt/Equity 0.76
RoNW 10.32%
P/BV 12.78
PAT Margin (%) 2.23
Pre IPO Post IPO
EPS (Rs) 3.1 2.94
P/E (x) 125.54 132.28

Objects of the Issue (Baazar Style Retail IPO Objectives)

The company proposes to utilize the Net Proceeds towards funding the following objects (collectively, referred to as the “Objects”):

  1. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company and
  2. General corporate purposes.

Baazar Style Retail IPO ALLOTMENT STATUS

How to Apply for Baazar Style Retail IPO?

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How to Apply Baazar Style Retail IPO through Zerodha?

Log in to the Console in the Zerodha Website or Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Baazar Style Retail”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Zerodha.

How to Apply Baazar Style Retail IPO through Upstox?

Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Baazar Style Retail”. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – the mandate. Open a Demat Account with Upstox.

In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before the UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released after the mandate expiry date.

PARENT COMPANY FOR SHAREHOLDER QUOTA

IPO ALLOTMENT TIPS & TRICKS

Frequently Asked Questions

What is Baazar Style Retail IPO?

Baazar Style Retail IPO is a main-board initial public offering of 21,456,947 Equity shares of the face value of ₹5 aggregating up to ₹834.68 Crores. The issue price of the IPO is ₹370 to ₹389 Per Equity Share. The minimum order quantity is 38 Shares per application and the offer type is Book Built Issue. The IPO opens on August 30, 2024 and closes on September 3, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

When Baazar Style Retail IPO will open?

The Baazar Style Retail IPO opens on August 30, 2024 and closes on September 3, 2024.

How to apply for Baazar Style Retail IPO?

You can apply in Baazar Style Retail IPO online using either UPI or ASBA as payment method. Axis Capital Limited, Intensive Fiscal Services Private Limited and Jm Financial Limited are the book running lead managers of the Baazar Style Retail IPO, while Link Intime India Private Ltd is the registrar for the issue.

When Baazar Style Retail IPO allotment?

The finalization of Basis of Allotment for Baazar Style Retail IPO will be done on September 4, 2024, and the allotted shares will be credited to your demat account by September 5, 2024.

Check the Baazar Style Retail IPO allotment status.

When is Baazar Style Retail IPO listing date?

The Baazar Style Retail IPO listing date is not yet announced. The tentative date of Baazar Style Retail IPO listing is September 6, 2024.

What is the lot size of Baazar Style Retail IPO?

Baazar Style Retail lot size is 38 Shares and the minimum order quantity is 1 Shares.