InvestorQ : Can you tell me about the proposed Fabindia IPO?
vaishnavi mhatre made post

Can you tell me about the proposed Fabindia IPO?

Answer
image
vidhya Laxmi answered.
3 months ago
Follow

Fabindia plans to tap the Indian IPO market with a $1 billion issue (nearly Rs.7,400 crore). Fabindia was established in 1960 and sells the products of over 40,000 artisans and craftsmen across the length and breadth of India as well as in other countries. Fabindia is looking at mix of fresh issue and an offer for sale (OFS) in this IPO

Fabindia is currently talking to potential lead managers and is expected to submit the DRHP documents to SEBI by end of November 2021. It is looking at an overall valuation of $2 billion for the company. It plans to raise around $500-600 million via offer for sale and the balance via fresh issue. Selling investors could include Premji Finvest and Nandan Nilekani.

10 Views