Baazar Style Retail, backed by Rekha Jhunjhunwala, is launching its IPO from August 30 to September 3. The IPO aims to raise up to Rs 148 crore, combining fresh issues and share sales by promoters, including Jhunjhunwala, who will sell 2.72 million shares.
The funds will be used to reduce borrowings and for general corporate purposes. The Kolkata-based value fashion retailer, with a strong presence in West Bengal and Odisha, saw its revenue grow from Rs 551 crore in FY22 to Rs 973 crore in FY24, reflecting a CAGR of 32.86%.