Kolkata-based Baazar Style Retail Limited, a value fashion retailer with a leadership position in terms of scale in the states of West Bengal and Odisha in the organized value retail market, has filed its draft red herring prospectus (DRHP) with the market regulator, Securities and Exchange Board of India (SEBI), to raise funds through an initial public offering (IPO). The IPO, with a face value of Rs 5 per equity share, is a mix of fresh issue of up to Rs 185 crore and an offer of sale of up to 16.88 million by the promoter group and other selling shareholders.
