Theranautilus Secures $1.2 Mn in Seed...
19 Nov 2024
The Baazar Style Retail IPO is set to launch on Friday, August 30, with a price band fixed between ₹370 to ₹389 per equity share of ₹5 face value. The subscription period will run until Tuesday, September 3, with anchor investor allocations scheduled for Thursday, August 29.
The IPO offers a lot size of 65 equity shares, and investors can bid in multiples of this amount. The price band's floor and cap are 74 times and 77.80 times the face value, respectively.
In terms of share allocation, up to 50% of the offering is reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs), and 35% for retail investors. Eligible employees will receive a ₹35 per share discount in the employee reservation portion.
Key dates to note include the finalization of share allotment on Wednesday, September 4, refunds on Thursday, September 5, and the crediting of shares to demat accounts on the same day. Baazar Style Retail is expected to list its shares on the BSE and NSE on Friday, September 6.
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