Baazar Style Retail, a leading company in the retail industry, is ready to launch its Initial Public Offering (IPO) on August 30, 2024. This IPO presents an exciting opportunity for investors looking to join the company’s growth story. Here’s a look at the important details about the Baazar Style Retail IPO and what investors should know.
Key Dates and Subscription Period
The Baazar Style Retail IPO will open for subscription on Friday, August 30, 2024, and will remain open until Tuesday, September 3, 2024. During this period, investors can submit applications to buy shares of the company. The final allotment of shares is expected to be completed by Wednesday, September 4, 2024, with the shares likely to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) by Friday, September 6, 2024.
Baazar Style Retail’s IPO is priced at ₹370-₹389 per share. Retail investors can buy a minimum of 38 shares for ₹14,782, with a maximum of 13 lots costing ₹1,92,166. The total IPO size is ₹834.68 crore, including a fresh issue of 38 lakh shares and an offer for sale of 1.8 crore shares.
Baazar Style Retail is a well-established player in the Indian retail market, known for its wide range of products and extensive store network. The company has a strong presence across various regions in India and operates a large number of stores nationwide. Over the past few years, Baazar Style Retail has demonstrated solid financial performance, positioning itself as a key player in the retail sector.
Investors interested in participating in the IPO should carefully review the company’s prospectus and consider their financial goals before making any investment decisions. The IPO presents a promising opportunity, but as with any investment, due diligence is essential to ensure the best possible outcomes.