Baazar Style Retail IPO: The mainboard initial public offering (IPO) of fashion retailer Bazaar Style Retail Ltd will open for subscription on Wednesday, August 30, 2024. The Kolkata-headquartered retailer offers apparel for men, women, boys, girls, and infants and general merchandise such as non-apparel and home furnishing products.
The company focuses on providing a family-oriented shopping experience, offering quality products and striving to offer every Indian stylish merchandise at an affordable price. Bazaar Style Retail mainly operates in Odisha and West Bengal but has stores across nine states.
Baazar Style Retail IPO Details:
Rekha Rakesh Jhunjhunwala plans to sell 27.23 lakh equity shares in the OFS, while Intensive Softshare Private Ltd intends to offload 22.40 lakh shares and Intensive Finance Pvt Ltd will divest 14.87 lakh shares.
Additional shareholders participating in the OFS include Chandurkar Investments, Subroto Trading & Finance Company Ltd, Rajnish Gupta, Madhu Surana, Sabita Agarwal, Rekha Kedia, Shakuntala Devi, and D K Surana HUF, who will also be offloading their shares.
In August, Baazar Style Retail secured ₹37 crore from Volrado Ventures Partners Fund II in a pre-IPO round. As a result, the company’s initial public offering size has been decreased to ₹148 crore from ₹185 crore.
