Comparison between Baazar Style Retail IPO and Kross IPO.
Baazar Style Retail IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Kross IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
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) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹35.00 per share | |
| Market Lot Size | 38 shares | 62 shares |
| Fresh Issue Size | 38,06,387 shares | 1,04,16,666 shares |
| Fresh Issue Size (Amount) | up to ₹148.06 Cr | up to ₹250.00 Cr |
| OFS Issue Size | 1,76,52,320 shares | 1,04,16,666 shares |
| OFS Issue Size (Amount) | up to ₹686.62 Cr | up to ₹250.00 Cr |
| Issue Size Total | 2,14,58,707 shares | 2,08,33,332 shares |
| Issue Size Total (Amount) | up to ₹834.68 Cr | up to ₹500.00 Cr |
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 03, 2024 | Oct 11, 2024 |
| Anchor Lockin End date 2 | Dec 02, 2024 | Dec 10, 2024 |
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 | |||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 55.03 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 45.56 | 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 | 0.80 | ||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹3.10 | ₹8.30 | ||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 10.32% | 30.57% | ||||||||||||||||||||||||||||||||||||||||||||||||
In the Baazar Style Retail IPO Retail Individual 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 41,66,666 shares in Kross IPO.
| Baazar Style Retail IPO | Kross IPO | |
|---|---|---|
| Anchor Investor Reservation | 64,29,372 shares | 62,49,999 shares |
| Market Maker Reservation | ||
| QIB | 42,86,248 shares | 41,66,666 shares |
| NII | 32,14,686 shares | 31,25,000 shares |
| RII | 75,00,934 shares | 72,91,667 shares |
| Employee | 28,248 shares | |
| Others | ||
| Total | 2,14,59,488 shares | 2,08,33,332 shares |
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 |
