Khaitan & Co advised Baazar Style Retail Ltd. and the selling shareholders on its IPO.
The IPO included a fresh issue of equity shares aggregating to INR 1,480 million and an offer for sale aggregating to INR 6,866 million.
The core team of KCo consisted of Sudhir Bassi, Thomas George, Nagashayana S, Poorvi M., Komal Israni, Tharun Vadlapatla and Varun Nair.
The initial public offering of fashion retailer Baazar Style Retail Ltd were offered within a price range of Rs 370 to Rs 389 each.
The non-institutional investor category was oversubscribed by 59.41 times, while the Retail Individual Investors (RIIs) category received 9.07 times the subscription. The Qualified Institutional Buyers (QIB) category saw the highest demand, with a subscription of 81.83 times.
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