By : 5paisa 26 August 2024
Jhunjhunwala backed Baazar Style Retail IPO opens on 30 August and closes on 3 September. Price band set at ₹370 to ₹389 per share.
Rekha Jhunjhunwala owns a 7.8% stake in Baazar Style Retail and is looking to sell 27.23 lakh equity shares in the IPO.
Baazar Style Retail raised ₹37 crore pre-IPO in August. Volrado Ventures bought 9.56 lakh shares at ₹387 each.
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The IPO includes a fresh issue of ₹148 crore and an offer for sale of ₹686.68 crores worth of shares.
Baazar Style Retail leads value fashion in East India, with strong market presence in West Bengal and Odisha.
As of Dec 2023, it operates 153 stores across 140 cities in 9 states, showing fastest growth from 2017-2023.
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