बाजार स्टाइल ने IPO का प्राइस बैंड ₹370-₹389 तय किया: 30 अगस्त से 3 सितंबर ओपन रहेगा यह इश्यू; रेखा झुनझुनवाला भी बेच रहीं अपनी हिस्सेदारी

Investor Rekha Rakesh Jhunjhunwala’s stakeholder company Bazaar Style Retail Limited has priced its upcoming IPO at ₹370-₹389. This initial public offering will open on August 30. Investors will be able to bid for this IPO till September 3. The company’s shares will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on September 6.

Bazaar Style Retail wants to raise a total of ₹834.68 crore through this issue. For this, the existing investors of the company are selling 17,652,320 shares worth ₹686.68 crore through Offer for Sale i.e. OFS. At the same time, the company is issuing 3,804,627 fresh shares worth ₹148 crore.

If you are also planning to invest money in this, then we are telling you how much you can invest in this.

What is the minimum and maximum amount that can be invested?
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 according to the upper price band.

35% of the issue is 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).

Rekha Jhunjhunwala is selling 27.23 lakh equity shares
Under OFS, Rekha Rakesh Jhunjhunwala is selling 27.23 lakh equity shares. Apart from her, Intensive Softshare Private Limited will sell 22.40 lakh shares and Intensive Finance Private will sell 14.87 lakh shares.

Investor Rekha Rakesh Jhunjhunwala.

The company will use the funds raised from the IPO for general corporate purposes
According to the RHP, the IPO is a combination of a fresh issue and OFS. Therefore, the company will use the funds raised from the IPO for pre-payment or repayment of certain outstanding borrowings and for general corporate purposes.