Baazar Style Retail Limited IPO: 

What You Need to Know ?

Baazar Style Retail Limited, a popular fashion retailer in Eastern and Central India, is launching its IPO to raise ₹834.68 crore. Known for stylish and affordable products, the company has made a strong mark in the retail industry. Here's a simple breakdown of what this IPO offers.

About the Company 

Started in June 2013, Baazar Style Retail has grown significantly, especially in states like West Bengal and Odisha. They offer a wide range of products, from clothes for men, women, and kids to home furnishings. As of March 2024, they run 162 stores across nine states, including Bihar, Assam, and Jharkhand.

IPO Details 

The IPO opens on August 30, 2024, and closes on September 3, 2024. Shares are priced between ₹370 and ₹389 each. The total issue size is ₹834.68 crore, with both fresh issues and an offer for sale. Retail investors can start with a minimum investment of ₹14,782.

Promoter Holding and Financials 

The company is backed by experienced promoters like Pradeep Kumar Agarwal and others. Before the IPO, promoters held 55.03% of the shares. Financially, Baazar Style Retail has shown solid growth. As of March 2024, they had assets worth ₹1,165.97 crore and revenue of ₹982.83 crore.

Why Consider Investing?

• Strong Market Presence: With 162 stores, the company has a solid foothold in key states.
• Experienced Team: The management team has decades of experience.
• Consistent Growth: The company has steadily increased its revenue and assets.
• Affordable Products: Their focus on affordable, trendy products appeals to a wide range of customers.

Conclusion 

The Baazar Style Retail Limited IPO is an exciting opportunity for those looking to invest in India's growing retail sector. With a strong market presence and solid financials, this company is set for growth. If you're interested in investing, now might be the time to take action.

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