The stretch-flangeability of a newly developed high-strength bainitic sheet steel which is associated with the transformation-induced plasticity (TRIP) of retained austenite, or "TRIP type bainitic steel" was investigated for the automotive applications. An excellent stretch-flangeability was completed in the steel composing of bainitic ferrite matrix and interlath retained austenite films without initial blocky martensite. In this case, the stable or carbon-enriched retained austenite films enhanced the stretch-flangeability due to the reducion of the surface damage on hole-punching and the promotion of the TRIP effect on hole-expanding. Also, uniform fine bainitic ferrite lath structure contributed to improving the stretch-flangeability due to the increased localized ductility and development of severe plastic flow.