Baazar Style Retail, a popular fashion brand backed by Rekha Jhunjhunwala, has just completed its Initial Public Offering (IPO). If you applied for shares in this IPO, you’re probably eager to find out if you’ve been allotted shares and when they will be listed on the stock exchanges. Here’s everything you need to know.
The Baazar Style Retail IPO raised ₹834.68 crore. It included a fresh issue of 38 lakh shares and an offer for sale (OFS) of 1.77 crore shares. The IPO opened for subscription on Friday, August 30, and closed on Tuesday, September 3.
Allotment Status
The share allotment status is expected to be finalized today, Wednesday, September 4. This is a crucial moment for investors as it will determine if they will receive the shares they applied for.
Here’s how you can check if you’ve been allotted shares:
- Visit the Registrar’s Website: The registrar for the Baazar Style Retail IPO is Link Intime India Private Ltd. You can check your allotment status on their website. Go to Link Intime’s IPO page.
- Select the Company: On the registrar’s page, choose “Baazar Style Retail IPO” from the dropdown menu.
- Enter Details: You will need to enter your PAN number, application number, or DP/Client ID.
- Check Status: After entering the required information, click on ‘Search’ to see if you have been allotted shares.
Other Ways to Check Allotment Status
You can also check your allotment status on the stock exchanges where the IPO will be listed:
- On the BSE Website: Visit BSE’s allotment page. Choose ‘Equity’ in the ‘Issue Type’ section, select ‘Baazar Style Retail IPO’ under ‘Issue Name,’ and enter your application number or PAN.
- On the NSE Website: Go to NSE’s IPO page. Click on ‘Click here to sign up’ and provide your PAN. Enter your username, password, and captcha code to check your status.
The Grey Market Premium (GMP) for Baazar Style Retail shares has been fluctuating. Today, the GMP is reported to be +₹65. This means that in the grey market, shares are trading at a premium of ₹65 above the IPO issue price.
The estimated listing price of Baazar Style Retail shares is expected to be around ₹454 per share. This prediction is based on the upper end of the IPO price range and the current GMP. This would represent a 16.71% increase from the IPO price of ₹389 per share.
Listing Date
The shares of Baazar Style Retail are expected to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on Friday, September 6.
Once you are allocated shares, the registrar will send you a confirmation through email or SMS. The shares will be credited to your Demat account a few days after the allotment is finalized.
If you applied for the Baazar Style Retail IPO, follow the steps above to check your allotment status. Keep an eye on the GMP and listing date for updates on the share price and market performance.