Exciting News: Bazaar Style Retail Raises Rs 250 Crore from Anchor Investors
Primepress, backed by Rekha Jhunjhunwala, has announced a major milestone as it raised Rs 250 crore from anchor investors ahead of its IPO launch.
According to the exchange filing, the company has allocated 64,29,372 shares to anchor investors at Rs 389 per share, showcasing strong investor interest.
Sharing the details, the company stated, “The IPO Committee, in collaboration with Book Running Lead Managers, has finalized the allocation of equity shares to Anchor Investors at an attractive price of Rs 389 per share.”
Furthermore, the company specified that a significant portion of the allocated shares went to 8 domestic mutual funds, demonstrating diversified investor participation.
Getting Ready for the Bazaar Style Retail IPO
The upcoming IPO for Bazaar Style Retail has set a price band of Rs 370 to Rs 389 per equity share, with exciting opportunities for investors. The subscription period is scheduled to start on August 30 and conclude on September 3.
With a new issuance of Rs 148 crore and an offer from existing shareholders, the IPO promises a vibrant market response and potential for growth.
Investors can participate in the IPO with a minimum lot size of 65 equity shares, offering flexibility and accessibility. The allocation breakdown caters to various investor segments, ensuring a fair and balanced offering.
