Baazar Style Retail IPO Review

Style Baazar has emerged as a go-to hotspot for fashion aficionados in search of trendy and affordable clothing. Alongside our exclusive brand, Express Baazar blends fashion with convenience through our “Quick Shop. One Stop.” philosophy.

The Company is led by PRADEEP KUMAR AGARWAL has experience of over 17 years in the field of operations, and sales, and, of over 21 years in the field of finance; ROHIT KEDIA has experience of over 22 years in the field of operations and procurement within the garment industry; SHREYANS SURANA has experience of over 13 years in the field of strategic planning and BHAGWAN PRASAD has experience of over 16 years in the field of operations and purchase activities, and of over 13 years in the field of finance and sales. 
 
Financially, Baazar Style revenue increased from ₹5,611.39 Millions in FY22 to ₹7,943.89 Millions in FY23 and currently at ₹9,828.26 Millions in FY24. Similarly, EBITDA is increased from ₹683.52 Millions in FY22 to ₹1,014.84 Millions in FY23 and currently at ₹1,421.64 Millions in FY24. The PAT also increased from ₹-80.07 Millions in FY22 to ₹51.02 Millions in FY23 and currently at ₹219.42 Millions in FY24. This indicates a steady financial performance.

For the Baazar Style IPO, the company is issuing shares at a pre-issue EPS of ₹3.14 and a post-issue EPS of ₹2.94. The pre-issue P/E ratio is 123.88x, while the post-issue P/E ratio is 132.31x against Industry P/E ratio is 138.88x. The company's ROCE for FY24 is 18.39% and ROE for FY24 is 10.74%. These metrics suggest that the IPO is fully priced.

The Grey Market Premium (GMP) of Baazar Style potential listing gains of 20% - 25%. Given the company's financial performance and the valuation of the IPO, we recommend only Risky Investors to Apply to the Baazar Style Retail Limited IPO for Listing gain or long term investment purposes.