Australia’s largest specialty retailer of baby goods, Baby Bunting, is preparing to make a $176 million stock market debut in October.

The retailer has released a prospectus outlining its plan to raise $52 million through the sale of 37.2 million shares at $1.40 each ahead of its October 16 market debut.

TDM Asset Management will remain the company’s largest shareholder with a 30 per cent stake in Baby Bunting, which expects to have a market capitalisation of $175.8 million upon listing.