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

The Initial Public Offering (IPO) of Bazaar Style Retail Limited, a company owned by investor Rekha Rakesh Jhunjhunwala, has opened. Investors can bid for this IPO till September 3. On September 6, the company's shares will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Bazaar Style Retail wants to raise a total of Rs 834.68 crore through this issue. For this, the existing investors of the company are selling 17,652,320 shares worth Rs 686.68 crore through Offer for Sale (OFS). At the same time, the company is issuing 3,804,627 fresh shares worth Rs 148 crore. If you are also planning to invest money in it, then we are telling you how much you can invest in it. How much minimum and maximum money can you invest? Bazaar Style Retail Limited has fixed the price band of this issue at Rs 370-389. Retail investors can bid for a minimum of one lot i.e. 38 shares. If you apply for 1 lot as per the IPO's upper price band of ₹389, then you will have to invest ₹14,782 for it. At the same time, retail investors can apply for a maximum of 13 lots i.e. 494 shares. For this, investors will 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% is reserved for retail investors and the remaining 15% is reserved for non-institutional investors (NII). Premium of Bazaar Style Retail in Grey Market is 33.42% Before listing, the company's shares have reached a premium of 33.42% i.e. ₹ 130 per share in the grey market. In such a situation, according to the upper price band of ₹ 389, its listing can happen at ₹ 519. However, this can only be estimated, the listing price of the share is different from the grey market price. Rekha Jhunjhunwala is selling 27.23 lakh equity shares Under OFS, Rekha Rakesh Jhunjhunwala is selling 27.23 lakh equity shares. Apart from them, Intensive Softshare Private Limited will sell 22.40 lakh shares and Intensive Finance Private will sell 14.87 lakh shares. The company will use the funds raised from the IPO for general corporate purpose According to RHP, the IPO is a combination of fresh issue and OFS. Therefore, the company will use the funds raised through IPO for pre-payment or repayment of some outstanding loans 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. The company needs money to expand its business. In such a situation, instead of taking a loan from the market, the company raises money by selling some shares to the public or by issuing new shares. For this, the company brings IPO.

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