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Baazar Style Retail IPO vs Kross IPO

Comparision between Baazar Style Retail IPO and Kross IPO.

IPO Details

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

  Baazar Style Retail IPO Kross IPO
Logo Baazar Style Retail IPO Logo Kross 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
Equirus Capital Private Limited
Registrar Link Intime India Private Ltd Kfin Technologies Limited
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 Kross IPO is up to ₹500.00 Cr. The final issue price of Baazar Style Retail IPO is ₹389.00 per share and of Kross IPO is ₹240.00 per share.

  Baazar Style Retail IPO Kross IPO
Face Value ₹5 per share ₹5 per share
Issue Price (Lower) ₹370.00 per share ₹228.00 per share
Issue Price (Upper) ₹389.00 per share ₹240.00 per share
Issue Price (Final) ₹389.00 per share ₹240.00 per share
Discount (Retail)
Discount (Employee) ₹35.00 per share
Market Lot Size 38 shares 62 shares
Fresh Issue Size 38,04,627 shares 1,04,16,667 shares
Fresh Issue Size (Amount) up to ₹148.00 Cr up to ₹250.00 Cr
OFS Issue Size 1,76,52,320 shares 1,04,16,667 shares
OFS Issue Size (Amount) up to ₹686.68 Cr up to ₹250.00 Cr
Issue Size Total 2,14,56,947 shares 2,08,33,334 shares
Issue Size Total (Amount) up to ₹834.68 Cr up to ₹500.00 Cr

IPO Timetable

Baazar Style Retail IPO opens on Aug 30, 2024, while Kross IPO opens on Sep 09, 2024. The closing date of Baazar Style Retail IPO and Kross IPO is Sep 03, 2024, and Sep 11, 2024, respectively.

  Baazar Style Retail IPO Kross IPO
Anchor Bid Date Aug 29, 2024 Sep 06, 2024
Issue Open Aug 30, 2024 Sep 09, 2024
Issue Close Sep 03, 2024 Sep 11, 2024
Basis Of Allotment (Tentative) Sep 04, 2024 Sep 12, 2024
Initiation of Refunds (Tentative) Sep 05, 2024 Sep 13, 2024
Credit of Share (Tentative) Sep 05, 2024 Sep 13, 2024
Listing date (Tentative) Sep 06, 2024 Sep 16, 2024
Anchor Lockin End date 1 Oct 04, 2024 Oct 12, 2024
Anchor Lockin End date 2 Dec 03, 2024 Dec 11, 2024

Financials

Baazar Style Retail IPO P/E ratio is 125.54, as compared to Kross IPO P/E ratio of 28.93.

  Baazar Style Retail IPO Kross 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

Kross Limited Financial Information (Restated)

Kross Limited's revenue increased by 27% and profit after tax (PAT) rose by 45% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets352250.57197.82
Revenue621.46489.36297.88
Profit After Tax44.8830.9312.17
Net Worth146.81102.1172.4
Reserves and Surplus119.7688.5858.88
Total Borrowing117.988.2686.06
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue) 55.03% 100.00%
Promoter Shareholding (Post-Issue) 45.6% 67.7 %
P/E Ratio 125.54 28.93
Market Cap ₹2902.55 Cr. ₹1548.23 Cr.
ROE 10.74%% 30.57%%
ROCE 18.39%% 28.15%%
Debt/Equity 0.76 0.8
EPS ₹3.10 ₹8.30
RoNW 10.32%% 30.57%%

Shares Offered

In the Baazar Style Retail IPO retail investors (RII) are offered 75,00,934 shares while in Kross 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 41,66,667 shares in Kross IPO.

  Baazar Style Retail IPO Kross IPO
Anchor Investor Reserveration 64,29,372 shares 62,49,999 shares
Market Maker Reserveration
QIB 42,86,248 shares 41,66,667 shares
NII 32,14,686 shares 31,25,000 shares
RII 75,00,934 shares 72,91,666 shares
Employee 28,248 shares 0 shares
Others
Total 1,50,30,116 shares 1,45,83,333 shares

Bids Received (Subscription)

Baazar Style Retail IPO subscribed 40.63x in total, whereas Kross IPO subscribed 17.66x.

  Baazar Style Retail IPO Kross IPO
QIB (times) 81.83x 24.55x
NII (times) 59.41x 23.40x
Big NII (times) 69.27x 23.21x
Small NII (times) 39.68x 23.77x
RII (times) 9.07x 11.26x
Employee (times) 35.08x
Other (times)
Total (times) 40.63x 17.66x

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