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IPO Status: Listed [30th Aug 2024 to 3rd Sep 2024]
Baazar Style Retail IPO, a Mainline IPO of ₹834.68 Cr was launced on 30-08-2024 to 03-09-2024 and the shares got listed on BSE, NSE on 06-09-2024.
The public issue of Baazar Style Retail IPO (STYLEBAAZA,544243) was offered at ₹389.00 per share and the ipo was listed at ₹389.00. It has delivered at par listing .
As the minimum lot size was 38 shares, the IPO has offered Rs 0.00 per lot loss on listing.
| IPO Issue Opening Date: | 30th Aug 2024 |
| IPO Issue Closing Date: | 3rd Sep 2024 |
| IPO Issue Price: | ₹370.00-389.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35.00% of the Offer |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹834.68 Cr |
| Offer for Sale: | ₹686.68 Cr |
| Fresh Issue: | ₹148.00 Cr |
| Face Value: | ₹5 Per Equity Share |
| IPO Discount: | Emplopee:35.00 |
| Promoter Holding Pre IPO: | 55.03% |
| Promoter Holding Post IPO: | |
| Allotment Status: | Allotment Status |
| BSE Code: | 544243 |
| NSE Code: | STYLEBAAZA |
Get important updates regarding Baazar Style Retail IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 4th Sep 2024 |
| Refunds Initiation* | 5th Sep 2024 |
| Credit of Shares to Demat* | 5th Sep 2024 |
| IPO Listing Date* | 6th Sep 2024 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹370.00-389.00 |
| Market Lot: | 38 Shares |
| 1 Lot Amount: | ₹14782 |
| Min Small HNI Lots(2-10 Lakh): | 532 shares (14 lots) - ₹206948 |
| Min Big HNI Lots(10+ Lakh): | 2584 shares (68 lots) - ₹1005176 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 06-09-2024 | 389.00 | 33 | 1000/14000 | ₹422 (8.48%) | 6-Sep-2024 10:26 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Baazar Style Retail Limited was established in November 2013 and offers a wide range of apparel for men, women, boys, girls and infants as well as a selection of non-apparel items and home furnishings.
The company primarily targets the up-and-coming middle class, which consists of fashion-conscious, value-oriented and quality-conscious young individuals and families. This segment, which typically has an average annual household income of less than USD 5,000, represents the majority of purchasing power in the market.
Baazar Style Retail Limited strives to provide a family-friendly shopping experience by offering quality products at affordable prices. As a one-stop store, the company caters to the needs of the entire family and ensures that its customers find fashionable merchandise that suits their preferences and budget.
The company's strategically located and attractively designed stores are positioned to meet the demands of its growing customer base. The cluster-based expansion model allows the company to open new stores in the same or nearby districts as existing ones to ensure a consistent and accessible shopping experience for its customers.
| Incorporation | Sector | IPO Issue Size | Website |
| 2013 | Diversified Retail | ₹834.68 Cr | https://stylebaazar.in/ |
The company proposes to utilize the Net Proceeds towards funding the following objects (collectively, referred to as the “Objects”):
Our experts can help you prepare for SME IPO
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | EMP | Total | |
|---|---|---|---|---|---|---|
| # of Shares Offered | 4,286,248 (28.52%) | 3,214,686 (21.39%) | 7,500,934 (49.91%) | 28,248 | 15,030,116 | |
| 1 | 30th Aug 2024 19:04 | 0.70x | 0.47x | 0.85x | 6.26x | 0.73x |
| 2 | 2nd Sep 2024 19:04 | 0.84x | 11.66x | 3.81x | 20.94x | 4.68x |
| 3 | 3rd Sep 2024 18:21 | 81.83x | 59.41x | 9.07x | 35.08x | 40.63x |
| 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 | ||||||||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Baazar Style Retail Limited | 3.14 | 3.14 | 30.43 | 125.54 | 10.32 | Consolidated |
| V-mart Retail Ltd. | -48.93 | -48.93 | -12.98 | Consolidated | ||
| V2 Retail Ltd. | 8.04 | 8.04 | 79.42 | 138.88 | 10.12 | Consolidated |
Last Updated on 10-Sep-2024 07:03:21
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Baazar Style Retail IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Baazar Style Retail IPO with Zerodha.
Alternate approch to apply in Baazar Style Retail IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Baazar Style Retail IPO Review and Important Updates
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To subscribe or apply in Baazar Style Retail IPO, you can use the following methods:
| Baazar Style Retail IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Baazar Style Retail IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Baazar Style Retail IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Baazar Style Retail IPO. Most of the Syndicate Banks provide access to apply in Baazar Style Retail IPO via ASBA process. You must have your net banking access, DP ID information to apply in Baazar Style Retail IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Baazar Style Retail IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Baazar Style Retail IPO Review and Important Updates
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Applying in Baazar Style Retail IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Baazar Style Retail IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Baazar Style Retail IPO, please refer article >> Link
Baazar Style Retail IPO Review and Important Updates
Steps to download the online application form for Baazar Style Retail IPO
Or
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Baazar Style Retail IPO is going to be list on 06-09-2024. NSE Code for Baazar Style Retail is STYLEBAAZA. BSE Code for Baazar Style Retail is 544243.
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Baazar Style Retail IPO Allotment Date is 04-09-2024.
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Baazar Style Retail IPO share allotment date?Baazar Style Retail IPO allotment date?
