Bazaar Style Retail Ltd IPO opens: Investors can bid till September 3, minimum investment ₹14,782

Investor Rekha Rakesh Jhunjhunwala-owned company Bazar Style Retail Limited has opened its initial public offering (IPO). Investors can bid for this IPO till September 3. The company's shares will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on September 6. Bazaar Style Retail intends to raise a total of ₹ 834.68 crore through the issue. For this, existing investors of the company are selling 17,652,320 shares worth ₹ 686.68 crore through Offer for Sale i.e. OFS. At the same time, the company is issuing 3,804,627 new shares worth ₹148 crore. If you are also thinking of investing money in it, we are telling you how much you can invest in it. What is the minimum and maximum amount that can be invested? Bazaar Style Retail Limited has fixed the issue price band at ₹370-₹389. Retail investors can bid for a minimum of one lot i.e. 38 shares. If you apply for 1 lot at the IPO's upper price band of ₹389, you will have to invest ₹14,782. While retail investors can apply for a maximum of 13 lots i.e. 494 shares. For this, investors have to invest ₹192,166 as per the upper price band. 35% of the issue reserved for retail investors The company has reserved 50% of the issue for Qualified Institutional Buyers (QIB). Apart from this 35% shares are reserved for retail investors and remaining 15% shares are reserved for non-institutional investors (NII). Market Style Retail Premium 33.42% in Gray Market Pre-listing, the company's shares have touched a premium of ₹130 per share in the gray market of 33.42%. In such a situation it may be listed at ₹519 according to the upper price band of ₹389. Although this can only be estimated, the listing price of a share is different from the gray market price. Rekha Jhunjhunwala selling 27.23 lakh equity shares Rekha Rakesh Jhunjhunwala selling 27.23 lakh equity shares under OFS. Apart from them, Intensive Softshares Pvt Ltd will sell 22.40 lakh shares and Intensive Finance Pvt 14.87 lakh shares. The company will use the funds raised from the IPO for general corporate purposes According to RHP an IPO is a mix of fresh issue and OFS. The Company will therefore use the funds raised from the IPO for prepayment or repayment of certain outstanding borrowings and for general corporate purposes. What is an IPO? When a company issues its shares to the general public for the first time, it is called an initial public offering or IPO. A company needs money to grow its business. In such a situation, the company raises money by selling some shares to the public or issuing new shares instead of borrowing from the market. For this the company brings IPO.

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