Bazaar Style Retail Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹33(8.48%)
Premium (ELP)
Following its successful public offering, Bazaar Style Retail Limited's made its market debut on Sep 06, 2024 and is now actively traded on the NSE, BSEplatform. The IPO mobilized 2,14,58,707 Shares in total capital, including 38,06,387 Shares in primary equity infusion and ₹686.62 Cr in secondary share sales.
The offering was structured with a price band of ₹370 to ₹389 and minimum investment lots of 38 shares. Investor participation during the subscription window from Aug 30, 2024 to Sep 03, 2024 demonstrated market confidence in the company's prospects.
The allotment process concluded on Sep 04, 2024, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in June 2013, Bazaar Style Retail Limited is a leading fashion retailer operating across West Bengal, Odisha, and eight other states, including Bihar, Assam, Jharkhand, Andhra Pradesh, Uttar Pradesh, Tripura, and Chhattisgarh. The company offers a wide range of apparel for men, women, boys, girls, and infants, along with general merchandise such as non-apparel items and home furnishings. As of March 31, 2024, Bazaar Style Retail runs 162 stores averaging 9,046 sq. ft. each, supported by trained staff to enhance the family-oriented shopping experience. The company leverages a skilled in-house marketing team of 13 personnel and a design and merchandising team of 57 experts, delivering stylish, regionally tailored merchandise aligned with current market trends while maintaining affordability for all customers.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Market Leader: The fastest-growing value retailer in eastern and northeastern India, leading the market in West Bengal, Odisha, and Assam.
- Smart Expansion: Rapidly opening new stores using a cluster-based strategy, making products more accessible and boosting market reach.
- Customer First: Deep understanding of what customers want, offering budget-friendly products and exclusive private label brands that keep customers coming back.
- Competitive Pressure: Tough competition in the fashion and retail industry could hurt cash flow, profits, and business performance if not handled well.
- Seasonal Demand: Sales and inventory might fluctuate as customer demand for certain products changes with seasonal trends.
- Supplier Dependency: Depending on a few key suppliers without long-term agreements could disrupt business operations if those suppliers face issues or relationships break down.
- Pradeep Kumar Agarwal
- Rohit Kedia, Shreyans Surana
- Bhagwan Prasad
- Rajendra Kumar Gupta
- Sabita Agarwa
- Rajendra Kumar Gupta
- Sri Narsingh
Bazaar Style Retail Limited
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