Baazar Style Retail IPO Subscribed 40 times So Far

3 Sep 2024 , 04:15 PM

Baazar Style Retail Limited’s initial public offering (IPO) debuted on the Indian primary market last week. This Rekha Jhunjhunwala-backed public offer will stay subscription-free until September 3rd, 2024, or today.

The company has set a Baazar Style Retail IPO price band of 370 to 389 per equity share and expects to raise 834.68 crore through its initial offer. The public issue aims to raise 148 crore through fresh share issuance and 686.68 crore via Offer for Sale (OFS).

By 4:11 PM on the third day of bidding, the Rekha Jhunjhunwala-backed public issue had been subscribed 40.40 times, the retail section of the book build issue had been booked 8.65 times, the NII segment had been filled 59.28 times, and the QIB portion had been subscribed 81.83 times.

Following the implementation of the ‘T+3’ listing rule, the most likely Baazar Style Retail IPO allotment date is September 4, 2024, with the Baazar Style Retail IPO listing date September 6, 2024.

According to the Red Herring Prospectus of Baazar Style Retail IPO, Rekha Jhunjhunwala has issued 2,723,120 equity shares in its mainboard IPO. The offered shares totalled ₹1,05,92,93,680, or roughly ₹106 crore. According to the RHP for the Baazar Style Retail IPO, which is published on SEBI’s website, Rekha Jhunjhunwala’s name is on the list of investor selling shareholders. She has offered her shares via the OFS mechanism.

For feedback and suggestions, write to us at [e-mail]