New Delhi: Baazar Style Retail IPO, a book built issue of Rs 834.68 crores, opened for subscription on August 30, 2024 and will close on September 3. The price band is set in the range of Rs 370 to Rs 389 per share. The public offer is a combination of fresh equity issue of Rs 148 crore and an offer of sale of up to 1.76 crore shares. Value fashion retailer Baazar Style Retail has collected Rs 250 crore from anchor investors.
Rekha Jhunjhunwala, Intensive Softshare Pvt Ltd, Intensive Finance Pvt Ltd, and others, will divest their part stakes.
List of anchor investors: HDFC Mutual Fund (MF), HSBC MF, HSBC Global Investment Funds, Allianz Global Investors Fund, Al Mehwar Commercial Investments LLC, Ashoka India Equity Investment Trust Plc, Volrado Venture Partners Fund IV Gamma, Bandhan MF and Bajaj Allianz Life Insurance Company.
An investor has to bid for a minimum lot size of 38 shares, for which the minimum amount of investment required is Rs 14,782. NIIs are mandated to apply for 14 lots, amounting to Rs 206,948, while bNII are required to submit applications for 68 lots (2,584 shares).
Baazar Style Retail IPO GMP
Baazar Style Retail IPO is already creating a buzz in the grey market. Baazar Style Retail IPO GMP stood at Rs 130 on August 30 morning, investorgain reported. With the price band set at Rs 389, the shares of the company are expected to be listed with a premium of over 33.42 per cent.
The Baazar Style Retail IPO is expected to be alloted on September 4, 2024, while the process to initiate refunds to unsuccessful applicants likely to begin on September 5. The shares are projected to be credited to the demat accounts of eligible shareholders on September 5. The stock is will list on BSE and NSE with a tentative date September 6.
Book running lead managers of the Baazar Style Retail IPO: Axis Capital Limited, Intensive Fiscal Services Private Limited and Jm Financial Limited. Link Intime India Private Ltd is the registrar for the issue.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Rekha Jhunjhunwala-backed Baazar Style Retail IPO opened for subscription on August 30, 2024. The Baazar Style Retail IPO GMP is going strong. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
