Upcoming IPO: Baazar Style Retail IPO price band has been set in the range of ₹370 BC ₹389 per share of capital of the nominal value of ₹5. The subscription date for the Baazar Style Retail IPO is scheduled for Friday, August 30 and will close on Tuesday, September 3. Allocation to anchor investors for the Baazar Style Retail IPO is scheduled for Thursday, August 29.
The minimum price and maximum price are 74 and 77.80 times the par value. The lot size for the IPO of Baazar Style Retail is 65 ordinary shares and thereafter in multiples of 65 ordinary shares.
The IPO of Baazar Style Retail has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIBs), not less than 15% for non-institutional institutional investors (NIIs) and not less than 35% of the offer is reserved for retail investors. A discount of ₹35 per share of stock is offered to eligible employees who bid in the employee reservation portion.
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