The Baazar Style Retail Limited's initial public offering (IPO) hit the Indian primary market last week. This Rekha Jhunjhunwala-backed company has fixed the price band at Rs 370 to Rs 389 per equity share. The company aims to raise Rs 834.68 crore from its public issue.
The Baazar Style Retail IPO is a mix of fresh issue and offer for sale (OFS) as it plans to raise Rs 148 crore through the issuance of fresh shares, and Rs 686.68 crore has been reserved for the OFS route.
The Bazaar Style Retail IPO subscription status soared to 40.63 times on the last day of bidding on September 3. The Rekha Jhunjhunwala-backed value fashion retailer received bids for 61.07 crore against 1.5 crore shares on the offer, according to NSE data on the final day of the IPO.
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The company is likely to announce the allotment status today. Those who applied for the issue can check their Baazar Style Retail IPO allotment status on the official website of the registrar, Link Intime.
Follow the steps below to check Baazar Style Retail IPO allotment status:
Visit the registrar’s website – linkintime.co.in
Select the company from the dropdown menu
Enter details like PAN, application number, DP/Client ID or account number/IFSC.
Press the submit button
Your allotment status will be shown in the window
You can check the Baazar Style Retail IPO allotment status on the BSE and NSE websites as well.
Follow the steps below to check the allotment status on the BSE website:
Visit the BSE website
Click on ‘Equity’ and then select ‘Baazar Style Retail’ from the dropdown menu
Enter your application number and PAN.
Click on ‘Search’ and your allotment status will appear
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Baazar Style Retail IPO GMP
The shares of Baazar Style Retail will listed on the stock exchanges on September 6. Ahead of the listing, the company is commanding a price of Rs 60 in the grey market, according to multiple platforms that track the grey market premium activities.
The Rekha Jhunjhunwala-backed company is one of the leading players in the value retail market in West Bengal and Odisha. In addition, its other core and focus markets include Assam, Bihar, Jharkhand, Andhra Pradesh, Tripura, Uttar Pradesh and Chhattisgarh.
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