Baazar Style Retail files for an IPO

[{"selector":"#anim-75ca1c79-6c65-4b2a-bd2a-5b6fbf8335fe [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Baazar Style Retail, a value retail company backed by Rekha Rakesh Jhunjhunwala has filed for an IPO with SEBI. Upcoming IPOs

[{"selector":"#anim-ab9bc6d0-a2a1-43dc-bd22-30cdcd502e03 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-5.358614836295996%, 0, 0) translate(5.357142857142855%, 0.09191111563458365%) scale(0.8928571428571429)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] The IPO is likely to consist of a fresh issue worth Rs. 185 cr and an Offer-for-Sale (OFS) of Rs. 1.68 cr tentatively. The book-running lead managers for the IPO are Axis Capital, Intensive Fiscal Services and JM Financial.

[{"selector":"#anim-879bef5f-ab8a-4e93-86c9-f83838728e80 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-6.521739130434789%, 0, 0) translate(6.521739130434784%, 2.6382439977584476e-7%) scale(0.8695652173913043)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] With this IPO, many investors are looking for exit including Rekha Rakesh Jhunjhunwala, Intensive Softshare, Intensive Finance, Chandurkar Investments, Subroto Trading & Finance Company, Rajnish Gupta, Madhu Surana, Sabita Agarwal, Rekha Kedia, Shakuntala Devi, and D.K Surana HUF.

[{"selector":"#anim-f80dc90e-416e-431c-88a0-4537a2a22477 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Rekha Rakesh Jhunjhunwala, wife of the late Rakesh Jhunjhunwala was the nominee and received these shares after his demise.

[{"selector":"#anim-447c7a76-8c65-46f6-8c4e-db26e550063b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] The company would use the proceeds from the IPO to repay or prepay borrowings and look after general corporate purposes.

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