FabIndia IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP

FabIndia has proposed an IPO that includes a Fresh issue of Equity shares aggregating up to Rs. 500 crore and an Offer for Sale for up to 2,50,50,543 equity shares by the promoters, promoter group, an investor selling shareholders, and other selling shareholders.

In this FabIndia IPO Review, we will unravel all the aspects of the FabIndia IPO. We will discuss the company’s operations, its products and services, promoters and management of the company, and its financial statements.

Further, we will evaluate the IPO, its size, price & dates, IPO GMP, and other essential aspects related to it. So, let’s start and see how prospective this IPO is as your next investment opportunity.

FabIndia IPO Overview

FabIndia IPO is the much awaiting public offering of one of the leading retail apparel brands, which has already embarked a stamp in the millions’ hearts and is now all set to make an entry on the stock exchange and join other notable companies.

The IPO will have a Fresh Issue along with an Offer for Sale by various company shareholders.

As per the DRHP, the company might consider a pre-IPO placement of Rs. 100 crore. If the pre-IPO placement is completed, the IPO size will be reduced to the extent of such pre-IPO placement.

FabIndia IPO Important Dates

The Draft Red Herring Prospectus (DRHP) to seek the approval of the capital market regulator, SEBI, for the Initial Public Offering (IPO) of FabIndia was filed in January 2022.

The company has now received the approval and will proceed further with the launch. The FabIndia IPO Dates will be declared soon by the company.

FabIndia IPO Price, Size, Share Offerings

FabIndia IPO Size will consist of the shares offered through the Fresh issue and offer for sale.

FabIndia IPO Price will be finalized after the IPO is closed, and the company and the selling shareholders determine the value in consultation with the Book Running Lead Managers.

The face value of the offered shares is Re. 1 each. The equity shares offered through the IPO are proposed to be listed on NSE and BSE.

FabIndia IPO Grey Market Premium

Grey Markey is a key player in an IPO or public offering. It helps in the determination of the price at which the shares might get listed.

The traders’ trade in the shares of the issuer company before their trading starts on the mainboard.

Grey Market Premium or GMP is the prevailing price to trade in the shares in the Grey Market. FabIndia IPO GMP will be a guiding element to help investors predict the IPO price.

FabIndia IPO Subscription Status

FabIndia IPO Subscription will hit the market soon as the company has received the approval for its preliminary papers. The company plans to raise funds to achieve the objectives stated in the DRHP.

The IPO is allocated proportionately; the reservation for the different categories is as follows: 75% of the offer will be reserved for Qualified Institutional Buyers, a further 15% will be reserved for allocation to the Non-Institutional Bidders, and the remaining 10% of the issue will be set aside for subscription for the Retail Individual Bidders.

FabIndia IPO Allotment Status

The company finalizes the basis of allotment after receiving the public applications in the subscription process. The allotment is based on the demand for the shares in the market.

After the basis is determined, the company credits the shares in Demat accounts of the bidders whose applications have been accepted.

FabIndia IPO Allotment will be executed after the IPO is closed for the subscription.

FabIndia IPO Live Performance

The FabIndia IPO Performance will be one click away from you, where you can check FabIndia IPO Price anytime and from anywhere.

Subscribe to FabIndia IPO – Open Free Demat Account Now!

FabIndia – Company Review

The idea of bringing the traditional crafts of India together and spreading them to the mass audience was brought to life in 1960 in the form of Fabindia Overseas Private Limited.

The company originally started by exporting home furnishings. And as of 1975, the company launched its very first retail store in Greater Kailash, New Delhi.

Since then, FabIndia has been flapping its wings and spreading across a larger market.

Recognizing and bringing cultures to light have always been one of the motives enshrined with FabIndia. The company was offering garments made from handwoven and hand-printed fabrics by the early eighties.

Further, it added a non-textile range in 2000, organic food segment, which was introduced in 2004 by the company, again brought it close to its commitment to traditional techniques and skills.

Later, it extended to include personal care products and Handcrafted jewelry in its products.

With the Pan-India presence, the company has made breakthroughs across various segments and has come along with exquisite products adored by all its customers.

Products or Services

FabIndia is a brand whose presence is across the nation strongly. The company is primarily engaged in textile-based products.

It’s Non- textile products include Home Products, Organic Food Products, and Personal care products. The company maintains high authenticity in its products and product line.

The wide range of products of FabIndia includes ready-to-wear garments for men, women, children, and teenagers. Accessories and jewelry, bed table, bath, kitchen linen, upholstery fabric, floor coverings, and curtains.

The handcrafted products offered by the company are generally derived from fibers like silk, cotton, jute, and linen.

The company not only offers the best quality products but is truly connecting altogether. The villagers from various locations are the artisans of the company who create the magic and bring joy to the customers.

Promoters and Holding

The Promoters of Fabindia Limited are:

1. Bimla Nanda Bissell
2. William Nanda Bissell
3. Monsoon Latane Bissell
4. Madhukar Khera
5. Jlb Partners Holding Inc.

The management of the company includes:

1. Gyanendra Nath Gupta, in the position of Chairman and Independent Director
2. William Nanda Bissell, in the position of Executive Vice-Chairman and Director
3. Viney Singh, in the position of Managing Director
4. Mukesh Kumar Chauhan, in the position of Executive Director (Whole-time Director)
5. Yoav Lev, in the position of Non-Executive Director
6. Vijai Kumar Kapoor, in the position of Non-Executive Director
7. Aditya Ghosh, in the position of Non-Executive Director
8. Monsoon Latane Bissell, in the position of Non-Executive Director
9. Nikhil Khera, in the position of Non-Executive Director
10. Tekkethalakal Kurien Kurien, in the position of Non-Executive Director
11. Saurabh Navinchandra Mehta, in the position of Independent Director
12. Prakash Parthasarathy, in the position of Independent Director
13. Richard Frank Celeste, in the position of Independent Director
14. Smita Mankad, in the position of Independent Director
15. Gopal Mishra, in the position of Chief Financial Officer and Chief Operating Officer
16. Monika Uppal Arora, in the position of Company Secretary and Compliance Officer

Is FabIndia good for Investment?

We all are in love with our country’s rich heritage and diverse culture. It gives us exposure to numerous religions, lifestyles, values, and experiences and yet connects us in the same thread as a nation.

And one such entity which is keeping the ideas and designs from ancient times alive in all its creations is FabIndia. The name of the company itself elaborates its very purpose and aim.

The company has a vast product range to suit the needs of its customers. Their designs have evolved with time and demand. The company has a long-standing in the market and has gained a reputation as a preferred choice.

FabIndia Financial Statements

FabIndia IPO Review

FabIndia IPO is a mix of a Fresh Issue of Equity Shares worth up to Rs. 500 crore and an Offer for Sale for up to 2,50,50,543 equity shares.

The selling shareholders will be entitled to the proceeds of the Offer for Sale, and the company will receive the proceeds of the fresh issue.

FabIndia will be utilizing the proceeds towards the redemption of Non-Convertible Debentures issued by the company earlier.

Also, the company will be utilizing it for repaying its outstanding borrowing and for other general corporate purposes.

FabIndia IPO Details

Here are few more details you need to know before investing in FabIndia IPO –

FabIndia IPO Issue Object

FabIndia has proposed diverse objectives for making the IPO offer and some of the objectives are:

• Voluntary redemption of NCDs issued by their Company and the accrued interest thereon (“NCD Redemption”)
• Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by their Company and the accrued interest thereon; and
• General corporate purposes

FabIndia 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 consumer lifestyle platform focused on authentic craft-based and organic products;
• Positioned to address growth in demand for high quality Indian lifestyle and organic products;
• ‘Sustainable-by-design’ business model which prioritizes the interests of our supplier and contract manufacturer community;
• Established sourcing base and supply chain infrastructure;
• Their Omni-Channel Presence;
• Founder-led company with a highly experienced professional management team; and
• Capital efficient business model, with track record of delivering growth and return on capital.

Quantitative factors are:

FabIndia IPO Lead Managers

Here are the list of Lead managers –

• ICICI Securities Limited
• Credit Suisse Securities (India) Private Limited
• J.P. Morgan India Private Limited
• Nomura Financial Advisory and Securities (India) Private Limited
• SBI Capital Markets Limited
• Equirus Capital Private Limited

FabIndia IPO Registrar to offer

Check out the details of the registrar here –

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S Marg Vikhroli West
Mumbai – 400 083
Maharashtra, India
Tel: + 91 22 4918 6200
E-mail: fabindia.ipo@linkintime.co.in
Investor grievance e-mail: fabindia.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact person: Ms. Shanti Gopalkrishnan
SEBI registration number: INR000004058

FabIndia IPO – Other Details

• Statutory Auditor – MSKA & Associates, Chartered Accountants
• Legal Counsel to the Company – AZB & Partners
• Bankers to the Company – CitiBank N.A., HDFC Bank, Kotak Mahindra Bank, Standard Chartered Bank, The Hongkong and Shanghai Banking Corporation, India

FabIndia IPO – Conclusion

FabIndia Limited is a renowned brand and has maintained its distinct identity over the years with its distinctive designs and products.

The company’s operations have been adversely impacted due to COVID-19 and are still in the recovery from the phase.

The company’s management is in the hands of individuals having decades of expertise and experience in the segment. They are contributing to the company’s utmost benefit and putting it in a better state.

Investors can consider and put their stakes in the company considering the company’s growth expected in the future years.

To Subscribe to FabIndia IPO – Open Demat Account Now!

FabIndia IPO Review FAQs

Check out the FAQs on FabIndia IPO –

What is the Issue Size of FabIndia 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 FabIndia IPO?

The price band for this particular IPO ranges between Rs.NA. As far as the face value of the share is of concern, it is Rs.1 per share.

What is the FabIndia 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 FabIndia 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 FabIndia 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 FabIndia 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 FabIndia IPO?

Here are the promoters of this IPO – BIMLA NANDA BISSELL, WILLIAM NANDA BISSELL, MONSOON LATANE BISSELL, MADHUKAR KHERA AND JLB PARTNERS HOLDING INC.. 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 FabIndia 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 FabIndia 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 FabIndia 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 (1,156.34), 2020 is 341.47, 2019 is 872.71. PAT from Sept 2021 is (517.25).

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