In order to launch an initial public offering (IPO), Baazar Style Retail Limited has submitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI).
The value fashion retailer based in Kolkata is launching an initial public offering (IPO) that includes a fresh issue of up to Rs. 185 crore and an offer for sale of up to 16.88 million shares by the promoter group and other selling shareholders. The IPO is supported by investors including Rekha Jhunjhunwala, Kewal Kiran Clothing Limited, Manohar Lal Agarwal, the promoter of Haldiram Snacks, and others.
Rekha Jhunjhunwala, Chandurkar Investments Private Limited, Intensive Softshare Private Limited, Intensive Finance Private Limited, Rajnish Gupta, Madhu Surana, Sabita Agarwal, Rekha Kedia, Shakuntala Devi, and D.K Surana HUF are some of the selling shareholders. Furthermore, qualified staff members have a subscription reservation.
