IPO : Baazar Style Retail Limited
Baazar Style Retail Limited IPO
| SYMBOL | BZRSTYL |
| ISSUE TYPE | Book Built Issue IPO |
| ISSUE OPENS ON | Friday, August 30, 2024 |
| ISSUE CLOSES ON | Tuesday, September 3, 2024 |
| ISSUE PRICE | ₹370 to ₹389 per share |
| ISSUE SIZE | Up to Rs.834.68 Crores |
| FACE VALUE | Rs.5 per share |
Baazar Style Retail IPO is a book built issue of Rs 834.68 crores. The issue is a combination of fresh issue of 0.38 crore shares aggregating to Rs 148.00 crores and offer for sale of 1.77 crore shares aggregating to Rs 686.68 crores.
Thank you for reading this post, don't forget to subscribe!Baazar Style Retail IPO opens for subscription on August 30, 2024 and closes on September 3, 2024. The allotment for the Baazar Style Retail IPO is expected to be finalized on Wednesday, September 4, 2024. Baazar Style Retail IPO will list on BSE, NSE with tentative listing date fixed as Friday, September 6, 2024.
| MINIMUM BID | 38 shares |
| MINIMUM AMOUNT | Rs.14,782 |
| MAXIMUM BID | 494 shares |
| MAXIMUM AMOUNT | Rs.192,166 |
| LISTING DATE | Friday, September 6, 2024 |
| LISTING AT | NSE-BSE |
Baazar Style Retail IPO price band is set at ₹370 to ₹389 per share. The minimum lot size for an application is 38 Shares. The minimum amount of investment required by retail investors is ₹14,782. The minimum lot size investment for sNII is 14 lots (532 shares), amounting to ₹206,948, and for bNII, it is 68 lots (2,584 shares), amounting to ₹1,005,176.
Objects of the Issue (Baazar Style Retail IPO Objectives)
The company proposes to utilize the Net Proceeds towards funding the following objects (collectively, referred to as the “Objects”):
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company and
- General corporate purposes.
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