look news india
New Delhi, 26 August (HS). The initial public offering (IPO) of Bazaar Style Retail Limited will open for investment on 30 August. The company has fixed the price band for this at Rs 370-389 per share. Bazaar Style Retail Limited plans to raise Rs 835 crore through this.
In a statement issued on Monday, Bazaar Style Retail Limited said that its IPO will open on August 30 and close on September 3. According to the company, the company's shares will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on September 6. The proposed Bazaar Style Retail IPO is an offer for sale (OFS) of fresh shares worth Rs 148 crore and 1.76 crore shares worth Rs 687 crore. The company will use the funds raised from the fresh issue of Rs 146 crore to repay the debt, while the remaining amount will be used for general corporate purpose.
It is noteworthy that this Kolkata-based fashion company had raised Rs 37 crore from Volrado Ventures Partners Fund II in a pre-IPO issue. After this, the size of Bazaar Style Retail's IPO was reduced.
