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| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹834.68 Cr |
| Fresh Issue | ₹148.06 Cr |
| Offer for Sale | ₹686.62 Cr |
| Face Value | ₹5 Per Equity Share |
| Price Band | ₹370.00-389.00 per share |
| Discount | Retail: 0.00,Employee: 35.00 |
| BSE Code | 544243 |
| NSE Code | STYLEBAAZA |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers | JM Financial Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 38 shares and in multiples thereof
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.
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.
As of March 31, 2024, the stores averaged 9,046 square feet and were staffed by trained employees to enhance customer experience.
The company operates in Odisha, Bihar, Assam, Jharkhand, Andhra Pradesh, Uttar Pradesh, Tripura, and Chhattisgarh.
As of March 31, 2024, the company has expanded across 9 states and operates 162 stores.
As of March 31, 2024, The company had an in-house marketing team consisting of 13 personnel.
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company; and | 146.00 |
| 2 | General corporate purposes | 28.99 |
| Period Ended | 31 Mar 2024 |
|---|---|
| Assets | 1,165.97 |
| Total Income | 982.83 |
| Profit After Tax | 21.94 |
| NET Worth | 212.56 |
| Reserves and Surplus | 180.20 |
| Total Borrowing | 178.23 |
| Amount in ₹ Crore | |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 10.74% |
| ROCE | 18.39% |
| Debt / Equity | 0.76% |
| RoNW | 10.32% |
| PAT Margin | 2.23% |
| Price to Book Value | 12.78 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 3.10 | 2.94 |
| P/E (x) | 125.54 | 132.28 |
| Promoter Holding | 55.03% | 45.56% |
| Market Cap | ₹2902.55 Cr. | |
