The upcoming Baazar Style Retail IPO is set to open for subscription on August 30 and will remain available until September 3. The price band for the IPO has been fixed between ₹370 and ₹389 per equity share, with each share having a face value of ₹5.
Investors can start applying on Friday, and the process will continue until the following Tuesday. On August 29, a day before the IPO opens, shares will be allocated to anchor investors.
The minimum investment in the IPO requires purchasing a lot of 65 equity shares, and investors can only buy in multiples of 65 shares.
The IPO is structured with specific reservations for different types of investors. Qualified institutional buyers (QIB) have been allotted no more than 50% of the shares available in the public issue. Non-institutional investors (NII) are set to receive no less than 15% of the offer, while at least 35% is reserved for retail investors. Additionally, a discount of ₹35 per share is being offered to eligible employees who participate in the employee reservation portion.
The floor price of the IPO is 74 times the face value, and the cap price is 77.80 times the face value, making this an interesting opportunity for investors looking to participate in the IPO.
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