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Baazar Style Retail IPO vs Shree Tirupati Balajee IPO

Comparision between Baazar Style Retail IPO and Shree Tirupati Balajee IPO.

IPO Details

Baazar Style Retail IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Shree Tirupati Balajee IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

  Baazar Style Retail IPO Shree Tirupati Balajee IPO
Logo Baazar Style Retail IPO Logo Shree Tirupati Balajee IPO Logo
Issue Category Mainline Mainline
Issue Type IPO IPO
Process Type Book Built Issue Book Built Issue
Listing At BSE, NSE BSE, NSE
Lead Managers Axis Capital Limited

Intensive Fiscal Services Private Limited

Jm Financial Limited
Pnb Investment Services Ltd

Unistone Capital Pvt Ltd
Registrar Link Intime India Private Ltd Link Intime India Private Ltd
Market Maker
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor Anchor Investor Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Baazar Style Retail IPO is up to ₹834.68 Cr whereas the issue size of the Shree Tirupati Balajee IPO is up to ₹169.65 Cr. The final issue price of Baazar Style Retail IPO is ₹389.00 per share and of Shree Tirupati Balajee IPO is ₹83.00 per share.

  Baazar Style Retail IPO Shree Tirupati Balajee IPO
Face Value ₹5 per share ₹10 per share
Issue Price (Lower) ₹370.00 per share ₹78.00 per share
Issue Price (Upper) ₹389.00 per share ₹83.00 per share
Issue Price (Final) ₹389.00 per share ₹83.00 per share
Discount (Retail)
Discount (Employee) ₹35.00 per share
Market Lot Size 38 shares 180 shares
Fresh Issue Size 38,04,627 shares 1,47,50,000 shares
Fresh Issue Size (Amount) up to ₹148.00 Cr up to ₹122.43 Cr
OFS Issue Size 1,76,52,320 shares 56,90,000 shares
OFS Issue Size (Amount) up to ₹686.68 Cr up to ₹47.23 Cr
Issue Size Total 2,14,56,947 shares 2,04,40,000 shares
Issue Size Total (Amount) up to ₹834.68 Cr up to ₹169.65 Cr

IPO Timetable

Baazar Style Retail IPO opens on Aug 30, 2024, while Shree Tirupati Balajee IPO opens on Sep 05, 2024. The closing date of Baazar Style Retail IPO and Shree Tirupati Balajee IPO is Sep 03, 2024, and Sep 09, 2024, respectively.

  Baazar Style Retail IPO Shree Tirupati Balajee IPO
Anchor Bid Date Aug 29, 2024 Sep 04, 2024
Issue Open Aug 30, 2024 Sep 05, 2024
Issue Close Sep 03, 2024 Sep 09, 2024
Basis Of Allotment (Tentative) Sep 04, 2024 Sep 10, 2024
Initiation of Refunds (Tentative) Sep 05, 2024 Sep 11, 2024
Credit of Share (Tentative) Sep 05, 2024 Sep 11, 2024
Listing date (Tentative) Sep 06, 2024 Sep 12, 2024
Anchor Lockin End date 1 Oct 04, 2024 Oct 10, 2024
Anchor Lockin End date 2 Dec 03, 2024 Dec 09, 2024

Financials

Baazar Style Retail IPO P/E ratio is 125.54, as compared to Shree Tirupati Balajee IPO P/E ratio of 15.37.

  Baazar Style Retail IPO Shree Tirupati Balajee IPO
Financial

Baazar Style Retail Limited Financial Information (Restated Consolidated)

Period Ended31 Mar 2024
Assets1,165.97
Revenue982.83
Profit After Tax21.94
Net Worth212.56
Reserves and Surplus180.2
Total Borrowing178.23
Amount in ₹ Crore

Shree Tirupati Balajee Agro Trading Company Limited Financial Information (Restated Consolidated)

Shree Tirupati Balajee Agro Trading Company Limited's revenue increased by 16% and profit after tax (PAT) rose by 74% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets516.94392.46391.89
Revenue552.82478.14453.79
Profit After Tax36.0720.7213.66
Net Worth173.07110.2192.23
Reserves and Surplus106.24109.05
Total Borrowing243.69223.81240.06
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue) 55.03% 88.38%
Promoter Shareholding (Post-Issue) 45.6% 65.42%
P/E Ratio 125.54 15.37
Market Cap ₹2902.55 Cr. ₹677.04 Cr.
ROE 10.74%% 20.84%%
ROCE 18.39%% 16.29%%
Debt/Equity 0.76 1.41
EPS ₹3.10 ₹5.40
RoNW 10.32%% 20.84%%

Shares Offered

In the Baazar Style Retail IPO retail investors (RII) are offered 75,00,934 shares while in Shree Tirupati Balajee IPO retail investors are offered 75,00,934 shares. Qualified institutional buyers (QIB) are offered 42,86,248 shares in Baazar Style Retail IPO and 40,88,000 shares in Shree Tirupati Balajee IPO.

  Baazar Style Retail IPO Shree Tirupati Balajee IPO
Anchor Investor Reserveration 64,29,372 shares 61,32,000 shares
Market Maker Reserveration
QIB 42,86,248 shares 40,88,000 shares
NII 32,14,686 shares 30,66,000 shares
RII 75,00,934 shares 71,54,000 shares
Employee 28,248 shares 0 shares
Others
Total 1,50,30,116 shares 1,43,08,000 shares

Bids Received (Subscription)

Baazar Style Retail IPO subscribed 40.63x in total, whereas Shree Tirupati Balajee IPO subscribed 124.74x.

  Baazar Style Retail IPO Shree Tirupati Balajee IPO
QIB (times) 81.83x 150.87x
NII (times) 59.41x 210.12x
Big NII (times) 69.27x 225.47x
Small NII (times) 39.68x 179.41x
RII (times) 9.07x 73.22x
Employee (times) 35.08x
Other (times)
Total (times) 40.63x 124.74x

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