Backed by Warburg Pincus & Faering Capital investors, fashion brands launch new IPOs
11 January 2022, Mumbai:
Several fashion brands are launching their IPOs. Backed by Warburg Pincus and Faering Capital, Biba Apparels has launched an IPO and shortlisted several advisors including investment banks JM Financial, HSBC Securities, DAM Capital, and Ambit Capital.
Through this IPO, the brand plans to raise Rs 1,500 crore to Rs 2,000 crore. Sequoia Capital-backed women’s bottom-wear brand Go Colours raised Rs 1,014 crores via its IPO and made a stellar debut on the bourses in November, listing at a 90 percent premium to its issue price.
Others like Manyavar owner Vedant Fashions are also preparing an IPO. Gaurav Marathe, Managing Director, Lincoln International ( India) says, mature IPO cycles throw the best opportunity to value fashion brands, given their long-term value creation potential.
Now that the robustness of the current IPO cycle has been tested with several unique consumer businesses, it probably is the best time for fashion brands to hit the market.
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