Fabindia submits draught documents for an initial public offering (IPO)

Fabindia submits draught documents for an initial public offering (IPO)

25 January, Mumbai: 2022

Fabindia, a renowned ethnicwear and lifestyle store, has submitted draft documents to the Securities and Exchange Board of India (SEBI) to conduct an initial price offer (IPO).

According to a report, the IPO is a combination of primary and secondary issuance of shares, with the OFS (offer for sale) component accounting for the bulk of the IPO to allow partial exit for numerous investors.

KEY HIGHLIGHTS

  • Fabindia is a renowned ethnicwear and lifestyle store chain
  • It has submitted draft documents to SEBI to conduct an IPO
  • IPO is a combo of primary & secondary issuance of shares, with the OFS
  • The fresh issue portion is up to Rs. 500 crore 

It was allegedly started when filing with the regulator that the fresh issue portion is up to Rs. 500 crore. The promoter group, Premji Invest, Bajaj Holdings and Investment Ltd., the Nilekani family, Kotak India Advantage Fund, and others are among the selling shareholders.

 

The funds from the IPO will be utilized for debt reduction, voluntary redemption of nonconventional debentures (NCDs) issued by the firm, and general corporate objectives, according to Moneycontrol.

Manyavar owner Vedant Fashions (supported by Kedaara Capital) recently raised Rs. 1,014 crores through an IPO, whereas Go Colors, a renowned women's bottom wear brand, recently raised Rs. 1,014 crores through an IPO.

 Fabindia in the city New Delhi

Fabindia focuses on eco-friendly and traditional Indian lifestyle items.

It has a wide range of lifestyle items in the categories of fashion and accessories, home and lifestyle, personal care, and organic food. It has a 309-store and-experience network across India, as well as online platforms and applications. 

**The statistics mentioned in the above articles have been sourced from Money Control.

CREDITS: MONEY CONTROL  

 

Stay Updated. 

Subscribe to our newsletter.

 

Follow us on Linkedin & Youtube

 

 

Latest Apparel News

 

 

Daily Top 15 News

Author’s Posts

  • Tamil Nadu Textile Sector Begins Strong Recovery

    Tamil Nadu Textile Industry Shows Signs of Recovery
    After ...

    May 22, 2025

  • Shahid Kapoor Joins Taapsee Pannu for Vogue Eyewear India

    BRAND ANNOUNCEMENT | VOGUE EYEWEAR WELCOMES SHAHID KAPOOR, WHO JOINS TAAPSEE PANNU AS ITS BRAND AMBAS...

    May 22, 2025

  • 3rd Morocco International Yarn & Fabric Sourcing Show 2025

    3rd Morocco International Yarn & Fabric Sourcing Show 2025

    May 13, 2025

  • India’s Apparel Exports: Big Potential, Low Share

    Despite having the world’s second-largest vertically integrated textile industry, India’s share...

    May 05, 2025

  • CITI: India must engage U.S. on tariffs

    "Bridging the Information Gap in the Textile and Fashion Industry."

    DFU
    Inside Fashion Vol. 23 No. 2
    Azad
    EasiTex