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Baazar Fashion Retail IPO opens: The Rs 165 crore IPO of the retail firm backed by Rekha Rakesh Jhunjhunwala has opened for public subscription in the present day. The difficulty is providing 16.9 million shares on provide on the market till September 3.
Via the problem, the corporate goals to make use of the proceeds in direction of pcompensation or compensation of all or a portion of sure excellent borrowings availed by the corporate and different normal company functions.
Bazaar Fashion Retail was included on 3 June 2013. It’s a worth trend retailer.
Firm’s financials
The corporate for the nine-month ended December quarter of FY24 posted web revenue of Rs 28.38 crore, whereas the income from operations stood at Rs 794 crore.
Anil Singhvi’s view on the most recent IPO
The knowledgeable has really useful to subsctibe the problem for long run and listed the under positives and negatives, right here under is the abstract:
Positives
Skilled promoters
Robust presence in jap India
Spectacular development observe document
Negatives
Enormous competitors from unorganized sector
Focus solely in smaller geography
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