Value Retail - Listed on 06 September 2024
Baazar Style Retail (Value Retail) closed its IPO window in 2024 and listed on NSE and BSE on 06 September 2024 at an upper band issue price of Rs 389, opening at Rs 389 for a listing gain of 0.0% and closing day one at Rs 400 (+2.8% on closing basis). The IPO was subscribed 40.62x overall - QIB 81.83x, HNI/NII 59.40x, Retail 9.04x. The total issue size was Rs 834.67 Cr (Fresh Issue Rs 148 Cr, OFS Rs 686.67 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Value Retail
Baazar Style Retail operates in the Value Retail space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Baazar Style Retail issue was offered at an upper price of Rs 389 and raised approximately Rs 834.67 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 135 | +15.94% |
| Day 2 | Rs 130 | +14.14% |
| Day 3 | Rs 130 | +17.99% |
| Day 4 | Rs 125 | +25.71% |
| Day 5 | Rs 70 | +32.13% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the Baazar Style Retail IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Baazar Style Retail IPO listed at 0.0% versus the upper issue price of Rs 389 on 06 September 2024.
Baazar Style Retail IPO was subscribed 40.62x overall. QIB portion was subscribed 81.83x, HNI / NII 59.40x and Retail 9.04x.
IPO GMP started at Rs 135 on Day 1 and moved to Rs 70 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.