Biba Fashion IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 16, 2022BIBA Fashion Limited is an astonishing name which is spreading the love for Indian Women wear with its unique yet rooted traditional creations.
The brand has captured a dominant position in the market whether it be the offline stores or online platforms.
Now, the brand is doing the spadework to set the floor for its IPO. The Biba Fashion IPO is going to be a combination of a Fresh issue and an Offer for sale.
And with Biba Fashion IPO Review, you can get all the attributes of the IPO at one place.
| Face Value | Rs 10 |
| Price Band | Not Disclosed |
| Listing At | BSE, NSE |
| Min. Order Quantity | Not Disclosed |
| Listing Date | Not Disclosed |
| Offer for Sale | Not Disclosed |
| Fresh Issue | Not Disclosed |
| IPO Size | Rs.90 Crore |
| Tick Size | 1 |
Biba Fashion IPO Overview
In the Biba Fashion IPO, the company is offering shares worth Rs. 90 crore via a Fresh Issue and 2,77,62,010 equity shares via an Offer for Sale by a promoter and existing shareholders.
The IPO is being persuaded with the objective of repaying or prepaying outstanding debts and will propound an opportunity of exposure to the stock market.
The company can really optimize the opportunity to make a good entrance on BSE and NSE.
Biba Fashion IPO Important Dates
| Events | Date |
| IPO Opening Date | Not Disclosed |
| IPO Closing Date | Not Disclosed |
| Basis of Allotment Finalization | Not Disclosed |
| Refunds Initiation | Not Disclosed |
| Credit of Shares to Demat Account | Not Disclosed |
| Share Listing Date | Not Disclosed |
BIBA Fashion Limited has submitted the Draft Red Herring Prospectus with SEBI in order to seek approval. The company has filed the documents on 11th April 2022.
Once SEBI is satisfied and grant the company its approval, Biba Fashion will carry out the further process.
Biba Fashion IPO Dates are unknown upto now. The company will determine the IPO Date in accordance with the applicable regulations and the factors affecting it.
Biba Fashion IPO Price, Size, Share Offerings
| Face Value | Rs.10 |
| Price Band | Not Disclosed |
| Offer for Sale | Not Disclosed |
| Fresh Issue | Not Disclosed |
| IPO Size | Rs.90 Crore |
This is the first public offer of Biba Fashion Limited. The face value of offered shares is Rs. 10 each. Biba Fashion IPO Price will be discovered through the book building process.
Its price band and relevant floor price will be determined by the company and selling shareholders in consultation with the lead managers.
The Biba Fashion IPO Size comprises of the shares offered in the Fresh Issue and the Offer for Sale.
Biba Fashion IPO Grey Market Premium
| Date | GMP (Rs.) | Kostak Rate (Rs.) | Subject to Sauda (Rs.) |
| Not Trading in Grey Market yet | |||
Grey Market is the unofficial market where the shares are bought and sold outside the realm of the stock market. Grey Market is also called the parallel market. As it is an unofficial market, it is not supervised or regulated by the SEBI regulations.
In this market, the shares of the company are bid and offered before the issue in an IPO (Initial Public Offering). Biba Fashion IPO GMP will be available once the IPO date is set by the company.
Biba Fashion IPO Subscription Status
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
Subscription is the stage where investors submit their application supported by application money in order to become a shareholder of the issuer company. Investors place their bids as per the form and modes provided.
Once the company accepts the application, they allot the shares in the Dematerialized form. Biba Fashion IPO Subscription is not open yet. We will notify you on all the latest details related to the IPO.
Biba Fashion IPO Allotment Status
Biba Fashion IPO Allotment of shares will be undertaken after the company receives all the applications for allotment of shares. The bidders will be able to place bids while the IPO is open for subscription.
Biba Fashion IPO Live Performance
Investors can out the BIBA Fashion IPO Performance from the link given below and easily track the BIBA Fashion IPO Price.
Subscribe to Biba Fashion IPO – Open Free Demat Account Now!
Latest Biba Fashion IPO News
The Ethnic wear Fashion house BIBA Fashion Limited is going public with the upcoming IPO comprising of a Fresh Issue and an Offer for Sale.
The foundation of the company was set by Meena Bindra in 1988. And today, the brand has become a renowned name in women’s and girls’ apparel with its vast and ethnic designs.
Along with the promoter, Meena Bindra, two investors of the company, Warburg Pincus-backed Highdell Investment and Faering Capital India Evolving Fund, will be participating in the OFS and selling their shares.
The celebrated brand will be raising the fund to repay its outstanding and improve its financial standings.
Biba Fashion – Company Review
BIBA Fashion Limited which set its foot in the apparel sector in July 2002 in the form of a private company, ‘BIBA Apparels Private Limited’.
The company has a long-standing of about 20 years in the industry and has established a well-reputed brand. The term “BIBA” signifies a pretty woman in Punjabi.
The entity’s style and creations revolve around the traditional attires with a little mix and match to fit the modern women.
BIBA has changed its status from a private company to a public company in February 2022. The company also changed its name from BIBA Apparels Limited to BIBA Apparels Private Limited in March 2022.
Products or Services
BIBA Fashion Limited has an extensive product facility which caters to Women apparels mainly. They offer a wide range of clothing designs, accessories, elegant jewellery, perfumes and a lot more.
The Brand has also been indulged in collaborations with esteemed designers like Rohit Bal and Anju Modi.
BIBIA Fashion is known to be one of the entities with the widest range in the Indian attires.
They offer their products through a multichannel distribution network including big format stores, exclusive brand shops, multi-brand outlet and the company also has a robust online platform to serve its customers.
Promoters and Holding
The promoters of BIBA Fashion Limited are:
- Siddharath Bindra
- Meena Bindra
- Shradha Bindra
- Kaveri Tradex Private Limited
- Dhanvan Impex LLP
The management of the company comprises of:
- Siddharath Bindra in the position of Managing Director
- Meena Bindra in the position of Executive Director
- Anish Kumar Saraf in the position of Non-Executive Director
- Gagan Makar Singh in the position of Independent Director
- Pradeep Banerjee in the position of Independent Director
- Saurabh Modi in the position of Independent Director
Vikram Nagpal in the position of Chief Financial Officer
Is Biba Fashion good for Investment?
The Ethnic wear fashion apparel company is one of a kind in the Indian Market. It serves to a large group of customers across the nation. Its designs, fabric, aesthetics and style are different and unique.
It is in operations for about 20 years and has gained worthy experience of the industry and preferences.
The company has a wide supply with its multichannel distribution network. The shopping facilities are available in stores as well as through an online website.
Its product range is also broadening with time and now it includes clothing for girls with women.
Biba Fashion Financial Statements
| Amount (in INR & Million) | ||||
| 31-Dec-21 | 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Assets | 8,338.17 | 8,325.28 | 9,314.53 | 8,305.17 |
| Revenue | 5,150.94 | 5,691.79 | 7,661.46 | 7,357.37 |
| Expense | 4,901.39 | 5,897.37 | 7,471.33 | 7,065.59 |
| Profit After Tax | 182.41 | (118.40) | 89.09 | 202.43 |
BIBA Fashion Limited is a fashion brand which has over 100 outlets and an engrossing turnover over years.
The company’s latest revenue in the three quarters of financial year 2021 was 5,150.94 million. The revenue for the year 2019, 2020 and 2021 were – 7,357.37 million, 7,661.46 million and 5,691.79 million respectively.
Also, after facing a negative outcome in the financial year 2020-21, the company is back on track with a profit of 251.14 million made in the financial year 2021-22.
| Earnings per Equity Share (in Million) | ||||
| 31-Dec-21 | 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Basic & Diluted | 1.46 | (0.96) | 0.74 | 1.69 |
Biba Fashion IPO Review
BIBA apparels which started its journey in 1988 from a home in New Delhi and now become a national Brand. The Brand “BIBA” is a category creator and embraces a large portfolio of varied clothing items and accessories.
The entity was started by Meena Bindra 3 decades which now has over 150 outlets in different sections of the country.
The BIBA Fashion IPO is being proposed to make payments towards the outstanding debts of the company and for other corporate purposes. One of the promoters and two existing shareholders are offloading their stakes from the company with the IPO.
The IPO may turn around the circumstances for BIBA Fashion in favor and help it in strengthening its operations over the course of time and grow.
Biba Fashion IPO Details
Here are few more details you need to know before investing in Biba Fashion IPO –
Biba Fashion IPO Issue Object
Biba Fashion has proposed diverse objectives for making the IPO offer and some of the objectives are:
- Repayment and /or prepayment of certain borrowings availed by our Company; and
- General corporate purposes.
Biba Fashion IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Leading market position and strong brand equity across a diverse set of consumers across the value chain
- Diversified pan-India distribution with a strong foothold on both offline and online channels
- Significant investments made in digital capabilities with a strong focus on technological efficiencies resulting in leadership online (across both marketplaces and our own websites)
- Strong in-house design and tech-first supply chain capabilities to deliver innovative and high-quality products
- Well-positioned to capitalise on the strong industry growth profile driven by secular tailwinds and a rapid shift towards organised retail and increasing online penetration
- Professional, founder-driven management team with deep industry expertise and track record, and backed by
marquee private equity investors
Quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | (0.96) | (3.74) | 25.28 |
| 31-Mar-20 | 0.74 | 3.07 | – |
| Mar-19 | 1.69 | 7.31 | – |
Biba Fashion IPO Lead Managers
Here are the list of Lead managers –
- JM Financial Limited
- Ambit Private Limited
- DAM Capital Advisors Limited
- Equirus Capital Private Limited
- HSBC Securities and Capital Markets (India) Private Limited
Biba Fashion IPO Registrar to offer
Check out the details of registrar here –
Link Intime India Private Limited
C-101, 1st Floor, 247 Park L.B.S. Marg
Vikhroli (West), Mumbai 400 083, Maharashtra, India
Telephone: +91 22 4918 6200
Email: biba.ipo@linkintime.in
Investor grievance e-mail: biba.ipo@linkintime.in
Website: www.linkintime.co.in
Contact person: Shanti Gopalkrishnan
SEBI registration number: INR000004058
Biba Fashion IPO – Other Details
- Statutory Auditor – S. R. Batliboi & Co. LLP, Chartered Accountants
- Legal Counsel to the Company – Khaitan & Co
- Bankers to the Company – Axis Bank Limited, HDFC Bank Ltd, Kotak Mahindra Bank Ltd and ICICI Bank Ltd
Biba Fashion IPO – Conclusion
BIBA Fashion IPO is paving way for the company to mop up funds from the public and strengthen its standing in the current scenario. The IPO also has something for investors in the offer.
It is an opportunity for the investors to hold stakes in one of the fashion-forward, unique entity whose product line and growth has no limit.
To Subscribe to Biba Fashion IPO – Open Demat Account Now!
Biba Fashion IPO Review FAQs
Check out the FAQs on Biba Fashion IPO –
What is the Issue Size of Biba Fashion IPO?
The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article.
You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Biba Fashion IPO?
The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Biba Fashion IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
What is the Biba Fashion IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO.
Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
What is the Biba Fashion IPO Listing Date?
Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Who is the Registrar of Biba Fashion IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Biba Fashion IPO?
Here are the promoters of this IPO – SIDDHARATH BINDRA, MEENA BINDRA, SHRADHA BINDRA, KAVERI TRADEX PRIVATE LIMITED AND DHANVAN IMPEX LLP. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Biba Fashion IPO?
They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Biba Fashion IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years.
You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Biba Fashion Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide.
PAT for the financial year 2021 in Million is (118.40), 2020 is 89.09, 2019 is 202.43. PAT from Dec 2021 is 182.41.
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