FabIndia may raise $1 billion through IPO
FabIndia, which has recognized Khadi not only in the country but also abroad, is going to bring an IPO soon. The company is preparing to raise one billion dollars, or about Rs 7500 crore, through this. The company may submit documents related to this with the market regulator SEBI in the coming few months.
According to media reports, this New Delhi-headquartered company is in talks with several investment bankers like SBI Capital Markets, ICICI Securities, JP Morgan. The valuation of the company could be around Rs 15,000 crore. The company will sell a 25-30 percent stake by IPO. Five years ago in 2016, Premji Invest had bought an eight percent stake in FabIndia. The company valuation at that time was around Rs 4500 crore. Infosys co-founder Nandan, Nilekani, and Rohini among those who are also involved who invested in FabIndia. FabIndia has 327 stores across 118 cities in India. There are 14 stores abroad.
According to media reports, this New Delhi-headquartered company is in talks with several investment bankers like SBI Capital Markets, ICICI Securities, JP Morgan. The valuation of the company could be around Rs 15,000 crore. The company will sell a 25-30 percent stake by IPO. Five years ago in 2016, Premji Invest had bought an eight percent stake in FabIndia. The company valuation at that time was around Rs 4500 crore. Infosys co-founder Nandan, Nilekani, and Rohini among those who are also involved who invested in FabIndia. FabIndia has 327 stores across 118 cities in India. There are 14 stores abroad.