Rekha Jhunjhunwala-backed Baazar Style Retail is gearing up for an IPO on August 30. Ready for the details?
The IPO features ₹148 crore in fresh shares and 1.7 crore shares in an offer-for-sale by key investors.
Rekha Jhunjhunwala and others are selling significant stakes, including 27.23 lakh shares from Jhunjhunwala.
Baazar Style Retail’s FY24 income rose 23% YoY to ₹982 crore, with a 320% jump in profit to ₹21 crore.
Baazar Style operates 162 stores across 1.47 million square feet, dominating the value retail market in West Bengal and Odisha.
India’s value retail market is expected to grow from ₹3.7 lakh crore in FY24 to ₹5.3 lakh crore by FY27, at a 13.9% CAGR.