Baazar Style Retail Limited IPO GMP / Grey Market Price: Good news for share investors, The IPO of fashion retailer Baazar Style Retail has opened for subscription today on 30 August 2024. Bazaar Style Retail has fixed the price band for the IPO at Rs 370 to Rs 389 per share. If we talk about the size of this IPO, then the size of the market style retail IPO is around Rs 835 crore.
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Baazar Style Retail Limited IPO Status
Market style retail IPO will remain open for investment till September 3. Shares will be allotted on 4th September, while its listing will take place on 6th September.
Baazar Style Retail Limited IPO Details
Let us tell you that the listing of shares of Bazaar Style Retail will take place on BSE and NSE on 6th September. Bazaar Style Retail wants to raise Rs 834.68 crore from this IPO. The price band for the IPO has been kept at Rs 370-389 per share.
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New shares worth Rs 148 crore will be issued in Baazar Style Retail IPO. There will also be an offer for sale (OFS) of 1.76 crore shares from the existing shareholders and promoters. The size of OFS at the upper price band of the IPO will be Rs 687 crore.
Baazar Style Retail Limited Company Business
Let us know about the business of the company. If we talk about the business of the company, Bazaar Style Retail offers home furnishing products like clothes, toys and general merchandise for men, women, boys, girls, children. Its stores are named after Style Bazaar. The company is operational in Odisha, Bihar, Assam, Jharkhand, Andhra Pradesh, Uttar Pradesh, Tripura, Chhattisgarh and West Bengal.
The promoters of Baazar Style Retail are Pradeep Kumar Agarwal, Rohit Kedia, Shreyans Surana, Bhagwan Prasad, Rajendra Kumar Gupta, Sabita Agarwal, Rajendra Kumar Gupta (HUF) and Shree Narsingh Infrastructure Pvt. Ltd
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Baazar Style Retail Limited IPO GMP / Grey Market Price
If we talk about gray market price, then shares of Baazar Style Retail are trading in the gray market at a premium of Rs 389 to Rs 130 or 33.42 percent in the upper price band of IPO. On this basis, shares can be listed at a price of Rs 519. The gray market is an unauthorized market where shares of a company trade until its listing.
Disclaimer: The information provided here is being given for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. Ask Expert never advises anyone to invest any money.