Baazar Style Retail IPO Subscription Status: Baazar Style Retail IPO 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 is 3,804,627 shares (Approx ₹148.00 Cr) and The Offer For Sale is 17,652,320 shares of ₹5 (Approx ₹686.68 Cr).
- The Retail Quota is 35%
- QIB is 50%
- NII is 15%
The Baazar Style Retail IPO is an Mainline IPO and Listed on NSE & BSE. Baazar Style Retail IPO Price Band is Fixed at ₹389 Equity Share. Baazar Style Retail IPO Lot Size is 38 Shares.
Also Read: Baazar Style Retail IPO Details Today, GMP Price, Date, Review
Baazar Style Retail IPO Subscription Status, Rate bid times
| Inv Category | Shares Reserved | No. of Shares bid for | No. of Times (Subscription) |
|---|---|---|---|
| Qualified Buyers (QIBs) | 42,86,248 | 35,07,22,938 | 81.83 |
| Non Institutional Buyers (NIIs) | 32,14,686 | 19,09,69,532 | 59.41 |
| BNII | 21,43,124 | 14,84,47,494 | 69.27 |
| SNII | 10,71,562 | 4,25,22,038 | 39.68 |
| Retail Individual Buyers (RIIs) | 75,00,934 | 6,80,50,476 | 9.07 |
| Employee | 28,248 | 9,90,812 | 35.08 |
| Total | 1,50,30,116 | 61,07,33,758 | 40.63 |
Baazar Style Retail IPO Subscription Status day-by-day-
| Categories | 30 Aug | 2 Sep | 3 Sep |
|---|---|---|---|
| QIB | 0.70 | 0.84 | 81.83 |
| NII | 0.47 | 11.66 | 59.41 |
| RII | 0.85 | 3.81 | 9.07 |
| Employee | 6.26 | 20.94 | 35.08 |
| Total | 0.73 | 4.68 | 40.63 |
About IPO :
Baazar Style Retail 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.
Baazar Style Retail holdings Investor Categories
- Qualified Institutional Buyers (QIB).
- Non- Institutional Investors (NII).
- Retail individual Investors (RII).
- Employee (EMP).
- Others (Eligible Shareholders).
Who Is QIB In IPO?
QIB Stands For “Qualified Institutional Buyer” In The Context Of An IPO (Initial Public Offering). QIBs Are A Category Of Institutional Investors Who Are Considered Financially Sophisticated And Meet Certain Regulatory Criteria For Participating In Capital Markets. In The Context Of An IPO, QIBs Play A Significant Role As They Contribute To The Overall Demand For Shares And Help Determine The Success Of The Offering.
Who Is NII In IPO?
NII Stands For “Non-Institutional Investors” In The Context Of An IPO (Initial Public Offering). Non-Institutional Investors Are A Category Of Investors Who Participate In The IPO Alongside Institutional Investors And Retail Investors. NII Typically Includes High Net Worth Individuals (HNIs), Corporate Bodies, Trusts, And Other Entities That Are Not Classified As Institutional Investors But Have The Financial Capacity To Invest Significant Amounts In The IPO.
Who Is RII In IPO?
RII Stands For “Retail Individual Investor” In The Context Of An IPO (Initial Public Offering). Retail Individual Investors Are Individual Investors Who Participate In The IPO Alongside Institutional Investors And Non-Institutional Investors. RII Typically Includes Individual Investors Who Do Not Meet The Criteria To Be Classified As Institutional Investors Or Non-Institutional Investors.
Who Is EMP In IPO?
“EMP” In The Context Of An IPO (Initial Public Offering) Typically Stands For “Employee.”
Baazar Style Retail Review From MoneyMintIdea –
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