IPO Details

Bidding Dates

To be announced

Minimum Investment

To be announced

Price Range

To be announced

Maximum Investment

To be announced

Retail Discount

To be announced

Issue Size

up to [●] equity shares aggregating up to ₹1,850 million

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |   Eligible employees  |  

About Bazaar Style Retail Limited

Established on June 3, 2013, as Dwarkadas Mohanlal Private Limited, the company later changed its name to Baazar Style Retail Private Limited on November 21, 2013. It transitioned to Baazar Style Retail Limited on January 6, 2022, upon becoming a public limited company.

Bazaar Style Retail Limited is a prominent entity in the retail sector, specialising in a wide range of products catering to diverse consumer needs. Their offerings include an extensive selection of ready-made garments, textiles, and accessories, marketed under various brands to meet evolving fashion trends.

Operating from strategically located manufacturing facilities, Bazaar Style Retail Limited ensures seamless production and distribution. With a focus on quality and innovation, their manufacturing plants leverage modern technologies to maintain high standards across their product range.

In addition to direct sales channels, Bazaar Style Retail Limited collaborates with a network of distributors and retailers, ensuring the widespread availability of their products.

The company is also dedicated to environmental responsibility, with initiatives in place to minimise its ecological footprint. This commitment is underscored by their pursuit of certifications such as ISO 14001:2015, highlighting their proactive approach to sustainable business practices.

Industry Outlook:

  1. The lifestyle and home value retail industry in India, estimated at ₹5,673.34 billion, dominates 56% of the market, showcasing substantial growth opportunities for organised players in this sector.
  2. With organised retail apparel's share rising from approximately 14% to about 38% between Fiscal 2007 and 2023, there's evident potential for capturing incremental demand and redirecting it from unorganised sectors, signifying a favourable landscape for organised players.

Bazaar Style Retail Limited IPO Details

Bazaar Style Retail Limited IPO Dates

The exact dates are yet to be announced.

Bazaar Style Retail Limited IPO Price Band

The exact price range is yet to be announced.

Bazaar Style Retail Limited IPO Lot Size

The exact lot size is not announced yet.

Bazaar Style Retail Limited IPO Objectives

The company plans to allocate the net proceeds from the issue for the following purposes:

  • Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company.
  • To cover all costs associated with the listing of equity shares on the stock exchanges. These expenses include listing fees, legal fees, commissions, marketing costs, and other miscellaneous expenses, ensuring a smooth and successful listing process.
  • General corporate purposes in adherence to Board-approved initiatives and regulatory guidelines. This allocation will boost business operations, support growth, and ensure optimal capital utilisation.

Peer Details

The following are the listed peers of Bazaar Style Retail Limited:

  1. V-Mart Retail Limited
  2. V2 Retail Limited

How to Check the Allotment Status of the Bazaar Style Retail Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of Bazaar Style Retail Limited IPO

  • Registered office: P S Srijan Tech Park, DN-52, 12thFloor, Street Number 11, DN Block, Sector V, Salt Lake, North 24 Parganas, Kolkata, -700 091, West Bengal
  • Phone: (+91 33) 6125 6125
  • E-mail:isecretarial@stylebaazar.com

IPO Financials

Particulars Year ending on March 31, 2023 Year ending on March 31, 2022 Year ending on March 31, 2021
Revenue from Operation (in ₹ million) 7,879.03 5,511.18 4,267.62
Profit After Tax (PAT) (in ₹ million) 51.02 (80.07) (182.71)
Cash and Cash Equivalents (in ₹ million) 51.39 229.72 53.86
Return on Net Worth (%) 2.67 (5.67) (21.01)
Net Debt (in ₹ million) 1,100.42 785.93 761.24
Return on Equity (%) 3.02% (6.86%) NA
Return on Capital Employed (RoCE) (%) 19.53% 17.81% NA
EBITDA(in ₹ million) 1,014.84 683.52 465.91

Know before investing


  1. Bazaar Style Retail Limited exhibited robust growth with a 42% CAGR in store count and 27.8% in revenue from operations (2017-2023). With 153 stores across nine states, they lead in West Bengal and Odisha.

  2. Bazaar Style Retail Limited's cluster-based expansion and high street store focus, along with a diverse product range, have fueled rapid growth. Their commitment to quality and affordability caters to the aspiring middle class.

  3. Bazaar Style Retail Limited meticulously evaluates new store locations, considering factors like population density, footfall potential, local economy, and competitive landscape. This ensures strategic placement and optimized performance of each store.


  1. Baazar Style Retail Limited faces intense competition in the fashion industry, risking market share loss amidst rapid shifts in consumer preferences and technology, with numerous competitors potentially outperforming.

  2. Baazar Style Retail Limited faces the threat of brand dilution and reputational damage if third parties misuse its trademarks, potentially resulting in customer confusion and loss of business opportunities.

  3. Baazar Style Retail Limited's concentration in eastern India exposes it to operational risks, as adverse developments in this region could significantly impact revenue and overall business performance, particularly in the apparel category.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Bazaar Style Retail IPO FAQs

What is the Bazaar Style Retail Limited IPO?

Bazaar Style Retail Limited IPO is a book-built IPO. The exact dates and price range are yet to be announced. 

When will Bazaar Style Retail Limited IPO be allotted?

The exact dates and price range are yet to be announced.

When will Bazaar Style Retail Limited IPO open for subscription?

The IPO subscription window is not announced yet.

What minimum lot size can retail investors subscribe to?

The minimum bid lot size for the Issue is yet to be announced.

When will Bazaar Style Retail Limited list on exchanges?

The exact date is not announced yet.

What would be the listing gains on the Bazaar Style Retail Limited IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

I have finished the application process for the Bazaar Style Retail Limited IPO, but the funds still need to be debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.

How do I approve the UPI mandate request for Bazaar Style Retail Limited's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Bazaar Style Retail Limited using one PAN?

You can submit only one application using your PAN card.