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News Details

26/08/2024 13:30

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Baazar Style Retail announces launch of initial public offering

Baazar Style Retail Ltd. has announced public offering of 21456947 shares at a price of Rs 5.00 each for Cash at a Premium of Rs 384.00 per share. The gross proceeds of the issue are expected to be Rs 83,467.52 lakhs.

The company's initial public offer (IPO) will open on 30 August 2024 and is expected to close on 03 September 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 370.00-389.00 per share.

The IPO includes a fresh Issue of 21456947 Equity Shares of the Company at an price of Rs 389.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 38 shares with bids in multiples of 38.

Baazar Style Retail Ltd. anticipates using the proceeds of the issue for .

Axis Capital Ltd.,JM Financial Ltd.,Intensive Fiscal Services Private Limited. as lead manager(s) & Link Intime India Pvt. Ltd. is the registrar, to the issue.