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Baazar Style Retail IPO
Price Band
₹370.0–389.0
Issue Size
₹834.68 Cr
Lot Size
38 shares
Min Investment
₹14,782
GMP
+₹33.0 (8.48%)
Issue Price
₹389.0
Subject to Sauda
₹1000
Paid only if allotted
Baazar Style Retail IPO AI Summary
- Baazar Style Retail IPO is listed on BSE, NSE in the Speciality Retail sector.
- Price band: ₹370.0–₹389.0 per share, lot size 38 shares (min. investment ₹14,782).
- Subscription window: 30 Aug–03 Sep 2024, listing on 06 Sep 2024.
- Current GMP is +₹33.0 (8.48%), an estimated listing price of ₹422 — unofficial and can change daily.
Baazar Style Retail Limited is a growing fashion retailer aiming to provide stylish and affordable products across various states in India. With a focus on enhancing customer experience and a solid operational framework, the company is set to leverage its IPO for growth and debt management.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Baazar Style Retail IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 03 Sep 2024 — not a current signal.
7 of 12 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Baazar Style Retail IPO Grey Market Premium (GMP) Today
GMP
+₹33.0
GMP %
+8.48%
Est. Listing
₹422.0
Updated: 25 Jul 2026 14:04
About the Company
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.
Company Financials (₹ Cr)
As of 2024-03-31
| 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 |
Key Ratios
EPS
₹3.10
NAV
₹30.43
ROE
10.74%
ROCE
18.39%
RoNW
10.32%
P/B Value
12.78
P/E Ratio
125.54
Market Cap
₹2902.55 Cr
PAT Margin
2.23%
Debt/Equity
0.76
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| V2 Retail Ltd. | 79.42 | 10.12% | 138.88 | 8.04 | 8.04 |
| V-mart Retail Ltd. | — | -12.98% | — | -48.93 | -48.93 |
| Baazar Style Retail Limited This IPO | 30.43 | 10.32% | 125.54 | 3.14 | 3.14 |
Promoters
Pradeep Kumar Agarwal, Rohit Kedia, Shreyans Surana, Bhagwan Prasad, Rajendra Kumar Gupta, Sabita Agarwal, Rajendra Kumar Gupta (HUF) and Sri Narsingh Infrastructure Pvt.Ltd.
Objects of the Issue
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
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
For the period ending March 31, 2024, Baazar Style Retail reported a total income of ₹982.83 Cr. This figure reflects the company's operations and sales within that fiscal year.
Profit Trend
The profit after tax for the period ending March 31, 2024, was ₹21.94 Cr. This indicates the company's profitability for the fiscal year.
Valuation
At the issue price of ₹389.0, Baazar Style Retail's implied P/E ratio is 125.54, compared to peers like V2 Retail Ltd., which has a P/E of 138.88. This positions Baazar Style Retail's valuation as relatively lower than its peer group.
Grey Market Premium, Explained
The grey market premium (GMP) refers to the unofficial trading of shares before they are listed on the stock exchange. A positive GMP suggests that the shares are expected to list at a higher price than the issue price, indicating demand among investors.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential and market position. It's essential to consider how the company's performance aligns with personal investment goals.
Who May Want to Wait
Investors who prefer stable, established companies with predictable earnings may want to be cautious. This IPO could be more suitable for those willing to accept higher risk for potential growth.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are sold on the first day of trading. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance post-IPO.
This evaluation is generated from Baazar Style Retail's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Baazar Style Retail IPO GMP today?
Baazar Style Retail IPO GMP today is +₹33.0 (8.48%), indicating an estimated listing price of ₹422. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Baazar Style Retail IPO?
The price band of Baazar Style Retail IPO is ₹370.0–₹389.0 per share.
When does Baazar Style Retail IPO open and close?
Baazar Style Retail IPO opens on 30 August 2024 and closes on 03 September 2024.
When does Baazar Style Retail IPO list on the stock exchange?
Baazar Style Retail IPO listed on 06 September 2024 at ₹422.0.
What is the lot size for Baazar Style Retail IPO?
The lot size for Baazar Style Retail IPO is 38 shares, requiring a minimum investment of ₹14,782.
What is the price band for the Baazar Style Retail IPO?
The price band for the Baazar Style Retail IPO is ₹370.0 to ₹389.0.
What is the minimum investment required?
The minimum investment required is ₹14,782.0.
What is the lot size for this IPO?
The lot size for the Baazar Style Retail IPO is 38 shares.
When is the listing date for the IPO?
The listing date for the Baazar Style Retail IPO is September 6, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium at which the shares may list on the stock exchange.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
30 Aug 2024
Close
03 Sep 2024
Allotment
04 Sep 2024
Listing
06 Sep 2024
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