Illustration: Ajay Mohanty
Meanwhile, non-institutional investors (NIIs) subscribed 81.83 times and retail investors 9.12 times at the end of the issue.
Baazar Style Retail received mostly positive reviews from brokerages including Geojit, Deven Choksey Research and Swastika Investmart for the public issue, which consisted of a fresh issue of 3,804,627 equity shares and an offer for sale, with promoters and investors disposing of 17,652,320 equity shares of face value Rs 5 each. READ MORE
Baazar style retail allocation status
Style Retail shares are expected to be allotted today. Once the allotment is completed, investors can check their status on the official websites of BSE, NSE or Link Intime India, the registrar for the issue. You can also use the following direct links:
– Check Baazar Style Retail IPO Allotment Status on BSE: https://www.bseindia.com/investors/appli_check.aspx
– Check Baazar Style Retail IPO Allocation Status on Link Intime India: https://linkintime.co.in/initial_offer/
– Check Baazar Style Retail IPO Allotment Status on NSE: https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
Following the allotment, Baazar Style Retail shares are expected to be credited to demat accounts tomorrow, September 5, 2024. Baazar Style Retail shares are expected to debut on the BSE and NSE on Friday, September 6, 2024.
Baazar Style Retail IPO Grey Market Premium (GMP)
Ahead of the IPO, the unlisted shares of Baazar Style Retail are trading at a premium of around Rs 65 or 16.71 per cnet over the upper end of the IPO price, according to various grey market sources. This points to a favourable listing for Baazar Style Retail shares.
Baazar Style Retail listing price prediction
Baazar Style Retail shares are expected to be listed on the BSE and NSE on Friday, September 6, 2024. Based on current GMP, Baazar Style Retail shares are expected to trade at around Rs 454 (GMP + cap on issue price), offering investors a potential return of over 16 per cnet.
First publication: 04 Sep 2024 | 11:08 am IST