Should You Invest In Rekha Jhunjhunwala-Backed Bazaar Style Retail IPO

Rekha Rakesh Jhunjhunwala-backed Baazar Style Retail's IPO opens for bidding today, offering shares priced between Rs 370-389 each, with a minimum bid of 38 shares. The Rs 834.68 crore IPO includes a fresh issue of Rs 148 crore and an offer-for-sale. The company, known for its diverse fashion offerings across eight states, plans to use the proceeds to reduce debt and for general corporate purposes. Baazar Style Retail, which has shown consistent growth and profitability, received positive ratings from brokerage firms, with many recommending a 'subscribe' rating due to its strong market position, private label growth, and expansion potential. The shares are set to list on BSE and NSE on September 6.