BAAZAR STYLE RETAIL LIMITED

30 Aug 2024 - 03 Sep 2024 Individual Category Main Board BSE NSE

Min Investment

₹14782

Price Band

₹370-₹389

Issue Size

150.3 lakhs
Equity Shares

Lot Size

38

IPO Dates
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30 Aug 2024

Open Date

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03 Sep 2024

Close Date

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04 Sep 2024

Allotment Date

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06 Sep 2024

Listing Date

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 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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About Baazar Style Retail Limited

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. 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.

Founded

2013

Managing Director

Pradeep Kumar Agarwal, Rohit Kedia, Shreyans Surana, Bhagwan Prasad, Rajendra Kumar Gupta, Sabita Ag

Parent Organization

IPO Objectives

The Net Proceeds are proposed to be utilized 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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

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