- Baazar Style Retail IPO is a book-built issue of Rs 834.68 crores.
- This upcoming IPO bidding opens on August 30 and closes on September 3, 2024.
- Baazar Style Retail's IPO price is set at Rs 370 – Rs 389 per share.
- The minimum investment amount required for retail investors is Rs 14,782.
Baazar Style Retail IPO: Synopsis
Baazar Style Retail is open for subscription from Friday, August 30, 2024, and closing on Tuesday, September 3, 2024. The price band for this IPO is set to Rs 370 – Rs 389 per share.
The company is offering a fresh issue of 38.04 lakh of equity shares amounting up to Rs 148 crore and an offer for sale of 1.76 crore of equity shares amounting up to Rs 686.68 crore; this aggregates to a total size of 2.13 crore of equity shares amounting up to Rs 834.68 crore.
The allotment for this new IPO is expected to be finalised on Wednesday, September 4, 2024. This IPO will be listed on the NSE and BSE exchanges on Friday, September 6, 2024.
The IPO is managed by Axis Capital Limited, Intensive Fiscal Services Private Limited and Jm Financial Limited, which is book running as the lead manager of this IPO. The company has appointed Link Intime (India) Private Limited as the registrar for the issue.
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Baazar Style Retail Limited: About the Company
Bazaar Style Retail Limited, incorporated in June 2013, operates as a fashion retailer in West Bengal and Odisha. The company provides a selection of apparel for all ages, including men, women, boys, girls, and infants, as well as general merchandise like home furnishings. The retailer aims to create a family-friendly shopping environment, focusing on quality products at reasonable prices to ensure that stylish options are available to every Indian consumer.
As of March 31, 2024, Bazaar Style Retail has expanded its in to nine states, including Odisha, Bihar, Assam, Jharkhand, Andhra Pradesh, Uttar Pradesh, Tripura, and Chhattisgarh, with a total of 162 stores. Each store averages around 9,046 square feet and is staffed by trained personnel to improve customer service. The company boasts an in-house marketing team of 13 members and a dedicated design and merchandising team of 57 professionals who specialise in identifying regional preferences and aligning with current market trends.
Baazar Style Retail IPO: Objectives
The funding from the fresh issue will be utilised for several purposes that is, the repayment or prepayment, of all or a portion of certain outstanding borrowings availed by the company and for general corporate purposes.
Baazar Style Retail IPO: Other Important Details
Time-Table of Baazar Style Retail IPO
Baazar Style Retail Ltd Financial Metrics (Amt in Rs Crore)
Minimum Investment: Lot Size Details
Promoters of Baazar Style Retail Limited and Their Holdings
Pradeep Kumar Agarwal, Rohit Kedia, Shreyans Surana, Bhagwan Prasad, Rajendra Kumar Gupta, Sabita Agarwal, Rajendra Kumar Gupta (HUF) and Sri Narsingh Infrastructure Private Limited are the promoter(s) of the company. They collectively held 55.03% of the company's shares. However, post-IPO, the change in their shareholding has not yet been disclosed.
FAQs
1. What are the core details available for Baazar Style Retail IPO?
Baazar Style Retail IPO is a book-built issue of Rs 834.68 crore. This upcoming IPO offering a fresh issue of 38.04 lakh of equity shares and an offer for sale of 1.76 crore of equity share. The allotment for this new IPO is expected to be finalised on Wednesday, September 4, 2024.
2. How can I apply for the Baazar Style Retail IPO?
The public subscription of this new IPO opens on Friday, August 30, 2024 and closes on Tuesday, September 3, 2024. Click here to initiate the application process.
3. Who are the lead managers for the Baazar Style Retail IPO?
Axis Capital Limited, Intensive Fiscal Services Private Limited and Jm Financial Limited were appointed as the book-running lead managers for this IPO.
4. Who is appointed as the registrar for this IPO?
Link Intime India Private Limited has been appointed as the registrar for this public issue.
5. How will the net proceeds from the IPO be utilised?
The funding from the fresh issue will be utilised for several purposes that is, the repayment or prepayment, of all or a portion of certain outstanding borrowings availed by the company and for general corporate purposes.
6. How can I check the allotment status of the IPO?
Investors who applied for IPO can check the allotment status of Baazar Style Retail Limited by visiting here, for further updates, follow Bigul.
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