Baazar Style Retail shares likely to be allotted today for IPO: Check status, GMP, listing date & other details

He allocation of shares For the Baazar Style Retail IPO It is expected to be completed today. Investors Shareholders will be allocated shares by drawing lots, and the entire process will be supervised by the registrar. On the allotment date, investors will be informed of the number of shares allocated to them compared to their bids.

You can check the status of the allotment through the BSE or by visiting the registrar’s website. Here is how to check the status on the BSE or the registrar’s website.

First, here’s how you can find out your BSE status

Step 1:Visit the BSE website (https://www.bseindia.com/investors/appli_check.aspx)Step 2:Select the issue name, i.e. the company name from the drop-down menu.

Step 3:Enter the application number or PAN number to check the allotment status.

To check the status of Baazar Style Retail IPO Awarded through the registrar, which in this case is Link Intime India, follow the steps below.

Step 1:Visit Link Intime India website (https://linkintime.co.in/initial_offer/public-issues.html)

Step 2: Select Baazar style retail IPO

Step 3:Enter the PAN details and click on search to know the status

Baazar-style retail GMP

The company’s shares are expected to be listed on the stock exchanges on September 6. In the over-the-counter market, the company’s shares are trading at a GMP of Rs 65, which translates to a 17% premium over the issue price.

Subscription to Baazar Style Retail IPO

Kolkata-based Baazar Style Retail is a leading value fashion retailer with the largest retail presence in Eastern India and holds top positions in West Bengal and Odisha in the organised value retail market. As of March 31, 2024, BSRL operates 162 stores across 1.47 million sq ft in 146 cities under the brand name ‘Style Bazaar’.

The company has a market share of 3.03% in West Bengal and 2.22% in Odisha within the organised value retail sector.

Baazar Style Retail is backed by notable investors including Rekha Rakesh Jhunjhunwala, the wife of late Rakesh Jhunjhunwala, Kewal Kiran Clothingand Manohar Lal Agarwal, promoter of Haldiram Snacks, among others.

The company’s revenue grew from Rs 551 crore in FY22 to Rs 973 crore in FY24, reflecting a CAGR of 32.86%, compared to the overall lifestyle and home value retail market’s CAGR of 19.3% during the same period.

The lead book-running managers for the IPO are Axis Capital, Intensive Fiscal Services and JM Financial.

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