Baazar Style IPO Allotment Status

Summary

Baazar Style Retail IPO has garnered a robust response from investors, closing with an impressive subscription of 40.63 times by 3rd September 2024 at 5:29:07 PM (Day 3). The public issue witnessed substantial demand across various investor categories, with the Qualified Institutional Buyers (QIB) category leading the charge. The QIB segment was subscribed 81.83 times, reflecting significant interest from institutional investors in Baazar Style Retail's market potential.

The Non-Institutional Investors (NII) category also demonstrated strong engagement, subscribing 59.41 times, with big NIIs (bids above ₹10L) subscribing 69.27 times and smaller NIIs (bids below ₹10L) subscribing 39.68 times. Retail investors showed moderate interest, with the IPO being subscribed 9.07 times in this category. The Employee portion was well-received, being subscribed 35.08 times. This strong response across all categories underscores the positive market sentiment towards Baazar Style Retail's offering.

How to Check Baazar Style Retail IPO Allotment Status:

How do you Check Baazar Style Retail IPO Allotment Status on the Registrar's Site?

Step 1: Visit the web gateway of Link Intime India Private Ltd. (https://linkintime.co.in/initial_offer/)

Step 2: From the selection menu, choose Baazar Style Retail IPO.

Step 3: Pick a mode from the following three: PAN ID, Demat Account number, or Application number

Step 4: Choose "Application Type," then "ASBA" or "non-ASBA."

Step 5: Enter the information relevant to the mode you have chosen.

Step 6: For security reasons, please fill out the captcha accurately.

Step 7: Click "Submit."

How to Check Baazar Style Retail IPO Allotment Status on BSE?

On the website of the Bombay Stock Exchange (BSE), investors who placed a bid for the Baazar Style Retail IPO can monitor the allotment status:

Step 1: Click on this link: https://www.bseindia.com/investors/appli_check.aspx

Step 2: Click on "Issue Type" and choose "Equity."

Step 3: Choose "Baazar Style Retail Limited" from the dropdown menu under "Issue Name."

Step 4: Enter your application number.

Step 5: Give the PAN ID.

Step 6: Select 'I am not a robot' and press the search button.

How to Check IPO Allotment Status in a Bank Account?

Log into your Internet Banking: Go to your bank's website or mobile app and log in.

Explore IPO Section: Locate the "IPO Services" or "Application Status" sections by going to the IPO Section. You can find this under the investing or services tab.

Offer Required Information: You might be asked to provide information like your PAN, application number, or other identifiers.

Verify Allotment Status: Once you submit your information, an IPO allotment status that indicates the available shares for allocation should appear.

Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How to Check IPO Allotment Status in a Demat Account?

Open Your Demat Account and Log in: To access your Demat account, use the mobile app or website of your Depository Participant (DP).

Find IPO Section: Look for the " IPO " section or "Portfolio." Search for any services or entries connected to the IPO.

Verify IPO Allotment Status: Look through the IPO section to see if the shares you were given are visible in your Demat account. This section often displays the status of your IPO application.

Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

Baazar Style Retail IPO Timeline:

Baazar Style Retail IPO Subscription Status

The  Baazar Style IPO received 40.63 subscriptions. By 3rd September 2024 at 5:29:07 PM (Day 3), the public issue had been subscribed 9.07 times in the retail category, 81.83 times in the QIB category, and 59.41 times in the NII category.

Subscription Day 3 (as of 5:29:07 PM)
Total Subscription: 40.63 times.
QIBs: 81.83 times.
Non-institutional investors: 59.41 times.
Retail investors: 9.07 times.
Employees: 35.08 times.

Subscription Day 2
Total Subscription: 4.68 times.
QIBs: 0.84 times.
Non-institutional investors: 11.66 times.
Retail investors: 3.81 times.
Employees: 20.94 times.
 

Subscription Day 1
Total Subscription: 0.73 times.
QIBs: 0.70 times.
Non-institutional investors: 0.47 times.
Retail investors: 0.85 times.
Employees: 6.26 times.

Baazar Style Retail IPO Details

Baazar Style Retail's initial public offering (IPO) is a book-built issue amounting to ₹834.68 crores. This offering consists of a fresh issue of 0.38 crore shares aggregating to ₹148.00 crores and an offer for sale of 1.77 crore shares aggregating to ₹686.68 crores.

The bidding process for the Baazar Style Retail IPO commenced on 30th August 2024 and concluded on 3rd September 2024. The allotment results for this IPO are anticipated to be finalised on 4th September 2024. Furthermore, the shares of Baazar Style Retail are set to be listed on the BSE and NSE, with a provisional listing date scheduled for 6th September 2024.

The price range for the Baazar Style Retail IPO has been established between ₹370 and ₹389 per share. Investors must apply for a minimum lot size of 38 shares, which requires a minimum investment of ₹14,782 for retail investors. For small non-institutional investors (sNII), the minimum investment consists of 14 lots (532 shares), totalling ₹206,948. In contrast, for big non-institutional investors (bNII), the minimum investment is 68 lots (2,584 shares), amounting to ₹1,005,176.
The issue includes a reservation of up to 28,248 shares for employees offered at a discount of Rs 35 to the issue price.
Axis Capital Limited, Intensive Fiscal Services Private Limited and JM Financial Limited serve as the book-running lead managers for the Baazar Style Retail IPO. Link Intime India Private Ltd is designated as the registrar for this offering.