Baazar Style IPO - Valuation, Financials, Strengths, Risks And More: Anand Rathi

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Anand Rathi Report.Baazar Style Retail Ltd. launched its initial public offering today for subscription and closes on Sep. 03. A top value fashion retailer in Eastern India, has set a price band in the range of Rs 370–389 per share.The Rs 834.7 crore Ipo comprises a fresh issue of 38 lakh shares, amounting to Rs 148 crore, and an offer for sale of 1.77 crore shares, aggregating to Rs 686.7 crore..Object of the issuePrepayment or repayment of all or a portion of certain o/s borrowings.General corporate purposes..Valuation and outlook Baazar style retail is one of the leading players in the value retail market in West Bengal and Odisha. The company is well focused to cater to the needs of aspirational Indians with affordable pricing only in Tier II and Tier III cities. It has shown resilience and growth following a challenging fiscal year 2022, impacted by the pandemic. The company has successfully turnaround, reporting improvements in both revenue and profit margins. This recovery was led by efficient cost control measures and business efficiency across its operations. At the upper price band company is valuing at P/E of 132.1 times with a market cap of Rs 29,030 million post issue of equity shares and return on net worth of 10.7%. On the valuation front, we believe that the company is richly priced. However, considering all its business prospects and stable financial performance we recommend a “Subscribe” rating to the IPO with higher risk appetite..Click on the attachment to read the full IPO report:.Baazar Style IPO - Investment Rationale, Issue Details, Strategies, Financials, Risks And More: DRChoksey.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Baazar Style IPO - Valuation, Financials, Strengths, Risks And More: Anand Rathi

The Rs 834.7 crore IPO opened today for subscription and the company has set a price band in the range of Rs 370–389 per share.

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