Baazar Style Retail IPO Details Today, GMP Price, Date, Review

Baazar Style Retail IPO details Today : Baazar Style Retail IPO details Today is Open on 30 August 2024 and Close on 3 September 2024. Baazar Style Retail IPO to Raise 21,456,947 shares (Approx ₹834.68 Cr) via IPO. The Fresh issue of 3,804,627 shares (Approx ₹148.00 Cr) and The Offer For Sale is 17,652,320 shares of ₹5 (Approx ₹686.68 Cr).

A majority of our stores are operated under the brand name ‘Style Bazaar’. We have developed our brand ‘Style Bazaar’ over the years, through a wide range of products, which we believe has resulted in strong customer loyalty and recognition.Our offerings are bifurcated under the apparels and general merchandise verticals. Within the apparels vertical, we offer garments for men, women, boys, girls and infants whereas our general merchandise offerings include both non-apparels and home furnishing Products.

Our target customer segment is the aspiring middle class comprising of households with an average annual income of less than 5,000 USD, comprising of fashion conscious, value and quality seeking youth and young families, which forms the bulk of purchasing power of the Indian Population.

We venture into untapped markets with high potential by offering multiplicity of brands, wide range of apparels and general merchandise, customised product range catering to the local preferences, brand specific counters highlighting specific products and brands, such as K-Lounge where we offer branded products for the Killer and Sparky brands. Our private label brands, where we have a greater control over quality and product assortment, have contributed 36.78%, 31.64%, 31.43%, 24.72% and 16.29% of our total revenue from operations for the nine months period ended December 31, 2023.

We believe that our strategically located stores with their attractive layout coupled with our diverse and affordable product offerings allow us to successfully cater to the demands of this growing segment of our population. Our stores are operated on a cluster-based expansion modelin which a new store is opened and operated within the same or nearby districts in which we operate our existing stores.

This enables us to increase efficiencies in supply chain and inventory management processes, strengthen ourbrand visibility in local markets, optimize our marketing expenditure, efficient utilization of our human resources and provides us with an incisive understanding of customer preferences at a micro market level.

We provide a modern shopping experience to our target customers with all our stores being air conditioned and having an appealing store layout, trial rooms, wide range of quality products, ambience and merchandising, quality assurance, which we believe, enhances the shopping experience for our customers and our ability to offer quality products at affordable prices under an upscale retail environment .

Our stores had an average size of 9,114 square feet with trained staff to enhance customer experience. Our Sales Per Square Feet for the Fiscal 2023 was ₹7,445.Our sourcing capability is backed by our logistics network with real time delivery, supported by systems, processes and a robust information technology infrastructure, which allow us to deliver on our Value Retailing promise.

At our centralised warehouse, we have adopted technology and modern equipment extensively, which we believe has led to process efficiencies and optimisation of costs. As a result, we are able to procure our merchandise optimally and manage our inventory levels efficiently to better respond to our customers’ changing preferences and needs while also ensuring that prices are kept affordable.Our Company is backed by our Promoters, board members and the Senior Management Personnel.

Our shareholders include investors such as Rekha Rakesh Jhunjhunwala, the wife of Late Rakesh Jhunjhunwala, Kewal Kiran Clothing Limited, Manohar Lal Agarwal, promoter of Haldiram Snacks, Boon-family office of Supreme Industries, Intensive Softshare Private Limited, D.K. Surana, Ajay Kumar Jain and Sanjay Kumar Jain, partners of J.K. Jain Sparky (India) LLP and we believe we have benefited significantly from their experience and leadership, and they along with our Senior Management Personnel, have been instrumental in formulating and executing the strategies of our Company.

Baazar Style Retail IPO Date & Price Band Details

Baazar Style Retail IPO Market Lot Details

Object of the Issue

1.  Prepayment or Repayment of all or a Portion of Certain Outstanding Borrowings Availed by Our Company.
2.  General Corporate Purposes.

Baazar Style Retail IPO Allotment & Listings (Details)

Baazar Style Retail Financial Reports

Our Company Promoters

1. Pradeep Kumar Agarwa
2. Rohit Kedia
3. Shreyans Surana
4. Bhagwan Prasad
5. Rajendra Kumar Gupta
6. Rajendra Kumar Gupta (HUF)
7. Sri Narsingh Infrastructure Private Limited

Qualitative Factors

•  Fastest growing value retailer in eastern and north- eastern India with market leadership in West Bengal, Odisha, and Assam.
•  Accelerated store expansion through a cluster-based approach.
•  Strong understanding of customer preferences to offer a comprehensive, targeted and affordable product along with our private label brands leading to customer loyalty.
•  High operational efficiency and lean cost structure due to strong focus on business processes and automation.
•  Targeted marketing and promotion activities enabling increasing brand salience and garnering customer loyalty.
•  Experienced promoters and a strong management team with a proven track record, backed by investors.
•  Strong financial track record of growth.

Baazar Style Retail Comparison Listed Industry Peers Group

Comparison of Accounting Ratios with Listed Peer Group Companies

• Baazar Style Retail
• V-Mart Retail Limited
• V2 Retail Limited

Also Read: Aesthetik Engineers IPO

Baazar Style Retail Company Contact Details

P S Srijan Tech Park, DN-52
12th Floor, Street Number 11
DN Block, Sector V, Salt Lake, North 24 Parganas
Kolkata, -700 091, West Bengal
Contact Person: Abinash Singh,
Tel: (+91 33) 6125 6125
Email: secretarial@stylebaazar.com
Webiste: www.stylebaazar.in

Baazar Style Retail IPO Registrar

Link Intime India Private Limited
C-101, 1stFloor, 247 Park,
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai 400 083 Maharashtra, India
Tel: +91 810 811 4949
E-mail: baazarstyle.ipo@linkintime.co.in
Investor grievance E-mail:baazarstyle.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact person: Shanti Gopalkrishnan