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Bazaar Style Retail IPO Opens: Backed by Rekha Jhunjhunwala

30 Aug, 2024

The IPO of Bazaar Style Retail, supported by Rekha Jhunjhunwala, has opened for bidding today, August 30, with shares priced between Rs 370-389. Investors can buy a minimum of 38 shares until September 3.

The company, a fashion retailer operating across nine states, reported a net profit of Rs 21.94 crore on revenue of Rs 982.83 crore for FY24. The IPO includes a fresh issue of Rs 148 crore and an offer-for-sale by promoters and shareholders. The raised funds will be used for debt repayment and general corporate purposes. The grey market premium (GMP) suggests a 34% gain potential

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