InvestorQ : What is the IPO pricing that Fabindia will be looking at?
rhea Babu made post

What is the IPO pricing that Fabindia will be looking at?

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Riya Dwivedi answered.
5 months ago
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Fabindia has been representative of ethnic clothing and furniture retailing for a long time in India. It is now a company that is more than 60 years old. Now it is expected that Fabindia will file for an IPO to raise a sum of $500 million or Rs.3,750 crore. Fabindia has the backing of Premji Invest, the family office of the Wipro founder Azim Premji.

Fabindia is looking at indicative valuations of $2 billion for the company. The issue is will predominantly be an offer for sale to give exit to early shareholders, but there could be a fresh issue component too. Fabindia showcases Indian handloom textiles to the world, with wares that are largely sourced from villages.

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