₹ 14782
₹370- ₹389
38
₹389
0.00
3 Sep 2024
Download5 Sep 2024
6 Sep 2024
Application Details
Baazar Style Retail's Initial Public Offering (IPO) is scheduled from August 30, 2024, to September 3, 2024. The IPO is priced with a face value of ₹5 per share, and the price band is set between ₹370 and ₹389 per share. Investors can bid in lots, with each lot consisting of 38 shares. The total issue size of the IPO is 21,456,947 shares, aggregating up to ₹834.68 crores. This includes a fresh issue of 3,804,627 shares, raising ₹148.00 crores, and an Offer for Sale (OFS) of 17,652,320 shares, totalling ₹686.68 crores. Additionally, there is an employee discount of ₹35 per share.
The IPO opens on Friday, August 30, 2024, and closes on Tuesday, September 3, 2024. The basis of allotment is expected to be finalized on Wednesday, September 4, 2024. Refunds will be initiated on Thursday, September 5, 2024, and the credit of shares to Demat accounts is also scheduled for the same day. The shares are expected to be listed on the stock exchange on Friday, September 6, 2024.
The minimum application size for retail investors is one lot, which amounts to 38 shares at a cost of ₹14,782. The maximum application size for retail investors is 13 lots, totalling 494 shares, amounting to ₹1,92,166.
About Baazar Style Retail Limited
Company Overview
Incorporated in June 2013, Bazaar Style Retail Limited, known as Style Bazaar, is a prominent fashion retailer based in Eastern India. The company operates extensively across West Bengal and Odisha and has expanded its presence to several other states, including Odisha, Bihar, Assam, Jharkhand, Andhra Pradesh, Uttar Pradesh, Tripura, and Chhattisgarh.
Product Offering
Bazaar Style Retail Limited offers a diverse range of products tailored to meet the needs of a wide audience. The company’s product line includes apparel for men, women, boys, girls, and infants and general merchandise such as non-apparel and home furnishing products. The company emphasizes a family-friendly shopping experience, aiming to deliver stylish and affordable merchandise to every Indian household.
Market Presence and Expansion
As of March 31, 2024, Bazaar Style Retail Limited has established a robust retail presence with 162 stores across nine states. The stores, averaging 9,046 square feet in size, are strategically located to cater to the middle-class demographic, particularly youth and young families. The company uses a cluster-based expansion model, which enhances supply chain efficiency, optimizes inventory management, and maximizes brand visibility.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.