The total IPO Size is ₹[.] crore in which fresh issue of ₹[.] crores and offer for sale up to [.] equity shares. The company set face value of ₹10 each. You can apply for Baazar Style Retail IPO for minimum lot size is [.] shares for the retail investors, aggregating to an investment of ₹[.].
This IPO is to be list NSE and BSE platform on [6th September 2024], and allotment date is on [5th September 2024] which check Baazar Style Retail IPO allotment status on Lintime India Private Limited is the registrar for this offering.
The book-running lead managers of this IPO are UBS Securities India Private Limited, Kotak Mahindra Capital Company Limited, IIFL Securities Limited, and Axis Capital Limited. For more information check Baazar Style Retail IPO DRHP and RHP details.
Baazar Style Retail IPO Details
| IPO Issue Open Date: | 30th August 2024 |
| IPO Issue Close Date: | 3rd September 2024 |
| IPO Issue Price Band: | ₹[.] to ₹[.] Per Share |
| Face Value: | ₹10 Per Equity Share |
| IPO Issue Size: | ₹[.] Crores |
| Fresh Issue: | ₹[.] Crores |
| Offer for Sale: | ₹[.] Crores |
| Issue Type: | Book Built Issue |
| IPO Listing At: | BSE & NSE |
| IPO Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| Employee Discount: | ₹[.] per share |
Baazar Style Retail IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Baazar Style Retail IPO Dates Timeline
Get the tentative dates and schedule for latest IPO Baazar Style Retail IPO are open and close date, allotment status, refunds, and listing details
| Issue Open Date: | 30th Aug 2024 |
| Issue Close Date: | 3rd September 2024 |
| Basis of Allotment Date: | 4th September 2024 |
| Refunds Initiation: | 5th September 2024 |
| Shares Credit in Demat: | 5th September 2024 |
| IPO Listing Date Detail: | 6th September 2024 |
Baazar Style Retail IPO Market Lot
| Application | Lot Size, Shares and Price Details |
| Retail (Min) | 1 lots and 38 shares = ₹14,782 |
| Retail (Max) | 13 lots and 494 shares = ₹192,166 |
| S-HNI (Min) | 14 lots and 532 shares = ₹206948 |
| B-HNI Minimum | 68 lots and 2584 shares = ₹1005176 |
Promoters of Baazar Style Retail
The Promoters of the company are Pradeep Kumar Agarwal, Rohit Kedia, Shreyans Surana, Bhagwan Prasad, Rajendra Kumar Gupta, Sabita Agarwal, Rajendra Kumar Gupta (HUF) and Sri Narsingh Infrastructure Private Limited.
Baazar Style Retail IPO GMP*
| GMP Date | IPO Price | GMP Today | Subject to Sauda | Expected Gain |
| 28 Sept, 2024 | 389 | 141 | 4100/57400 | 36.25% |
Check Live GMP
About Baazar Style Retail
Baazar Style Retail has 29 years of experience in the solar industry and during this time, they have grown to become India’s second largest integrated solar cell and solar module manufacturer with an annual installed capacity of 2 GW and 3.36 GW, respectively, as of March 31, 2024.
In September 2021, they received an investment of ₹1,770 million from South Asia Growth Fund II Holdings LLC and South Asia EBT Trust, affiliates of a global private equity management fund focused on investing in climate solutions.
Their business operations include (i) the manufacturing of solar photovoltaic (“PV”) cells, (ii) the manufacturing of solar modules including custom-made panels for specific applications, (iii) the execution of EPC projects, (iv) independent power production, (v) O&M services concerning EPC projects executed by our Company and (vi) the sale of other solar-related products.
The Company also operates a 2 MW solar power plant which was commissioned in 2012 under the Jawaharlal Nehru National Solar Mission in Jharkhand, India.
Baazar Style Retail IPO Strengths
- One of the fastest growing retail companies in Eastern India with a market share of 3.03% and 2.22% in the states of West Bengal and Odisha respectively in organized retail.
- Accelerated store expansion through a cluster based approach.
- Strong understanding of customer preferences to offer a comprehensive, targeted and affordable product range along with private labels, resulting in high customer loyalty.
- High operational efficiency and lean cost structure through strong focus on business processes and automation.
Objects of the IPO Issue
- Investment in our Subsidiary, Baazar Style Retail Global Environment Private Limited (“PEGEPL”) for part financing the establishment of a 4 GW Solar PV TOPCon Cell and 4 GW Solar PV TOPCon Module manufacturing facility in Hyderabad, Telangana, India (the “Project”).
- General corporate purposes.
Baazar Style Retail Company Financial Report
The company reported revenue of ₹3171.31 crores in 2024 against ₹1463.21 crores in 2023. The company reported a profit of ₹231.36 crores in 2024 against a loss of ₹13.34 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹767.03 | ₹783.90 | ₹14.41 | ₹1,341.49 |
| 2023 | ₹1463.21 | ₹1472.19 | ₹13.34 | ₹2,110.69 |
| 2024 | ₹3171.31 | ₹2883.26 | ₹231.36 | ₹3,554.13 |
Baazar Style Retail IPO Valuation – Key Performance Indicator
KPI as of March 31, 2024.
| KPI | Values |
| ROE: | 43.73% |
| ROCE: | 25.65% |
| EBITDA Margin: | 15.93% |
| PAT Margin: | 7.30% |
| Debt to equity ratio: | 2.18 |
| Earning Per Share (EPS): | ₹6.93 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 37.46% |
| Net Asset Value (NAV): | ₹14.63 |
Peer Group Comparison
The below peer comparison table’s data are showing as per the DRHP and RHP.
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Baazar Style Retail | 6.93 | NA | 37.46 | 14.63 | 3,171 Cr. |
| Websol Energy System | (29.99) | NA | NA | NA | 27 Cr. |
Baazar Style Retail IPO Registrar
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: baazarstyle.ipo@jmfl.com
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Baazar Style Retail IPO Lead Manager
- Kotak Mahindra Capital Company Limited
- J.P. Morgan India Private Limited
- ICICI Securities Limited
Company Address
Baazar Style Retail Limited
P S Srijan Tech Park, DN-52, 12th Floor,
Street Number 11, DN Block, Sector V, Salt Lake
North 24 Parganas,West Bengal-700091
India
Phone: +91 3361256125
Email: secretarial@stylebaazar.com
Website: https://stylebaazar.in/