News Overview

The Department of Investment and Public Asset Management shared this update on X on Thursday, August 29.

The pricing band for Baazar Style Retail IPO is ₹370 to ₹389 per share. The minimum lot size for an application is 38 shares.

The company is offering its shares within a price range of ₹370 to ₹389 per share.

Shares are anticipated to be listed on September 4, 2024, following the ‘T+3’ listing rule.

The demand order includes a Goods and Services Tax (GST) component of ₹294.43 Crore, interest of ₹281.71 Crore, and a penalty of ₹29.45 Crore.

It intends to generate Rs 601.20 crore through an initial public offering (IPO), which will consist entirely of an offer to sell up to 1.80 crore equity shares.

Some major companies are underperforming in Sensex, with Tata Motors, Reliance Industries, ITC, Tech Mahindra, Maruti Suzuki, and Infosys experiencing losses.

The bank is attempting to reduce its retail loan portfolio in response to increased regulatory pressure in the banking industry.

Vilas Pawar, CEO of Managed & Franchise Business at Lemon Tree Hotels, expressed excitement about the company’s eighth property in Ayodhya.

In addition, August's average daily price is less than July's, when the DAM price was about ₹ 5 per unit.