Baazar Style Retail IPO shares allotment expected today: The company offered not more than 35% of the issue to retail investors.
Baazar Style Retail is one of the leading players in the value retail market in West Bengal and Odisha. The company focuses on catering to the needs of aspirational Indians with affordable pricing only in Tier II and Tier III cities. It has shown resilience and growth following a challenging fiscal year 2022, impacted by the pandemic. The company opened its IPO for bidding on August 30 and closed on September 03. The allotment of shares was finalised on September 04. Here’s how you can check the shares allotment status:
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Step 1
Go to the website of the registrar handling the issue. In Baazar Style Retail’s IPO, Link Intime India is the registrar.
Step 2
Click on the public issue section on the left side of the webpage.
Step 3
Enter details like the company’s name and PAN number/ application number/ client ID/ account number.
Step 4
Hit the submit button
Step 5
A screen will pop up with the status.
Listing
The stocks Baazar Style Retail is expected to hit the D-Street on September 04.
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Bazaar Style Retail IPO Details
The company collected Rs 834.68 crore via a combination of fresh shares and an offer for sale. The company set the IPO price band between a range of Rs 370 to Rs 389 per equity share. A retail buyer had to apply for at least 38 shares, which amounted to Rs 14,782 per equity share. The issue also included a reservation of up to 28,248 equity shares for employees, which was offered at a discount of Rs 35 to the issue price.
BRLMs
Axis Capital, Intensive Fiscal Services, and JM Financial were the lead book runners of the IPO.
