FabIndia Records Over Rs 3,000-Crore IPO

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At least 75% of the net offering will be allotted to qualified institutional buyers on a proportional basis, the draft prospectus says.

  • Up to 60% of the QIB category will be allocated to reference investors on a discretionary basis, of which one-third will be reserved for domestic mutual funds.

  • 5% of the QIB share (excluding the Reference Investor share) will be available for allocation on a proportional basis to mutual funds only.

  • The remainder of the QIB category will be available for allocation on a proportional basis to all QIBs (other than Reference Investors), including mutual funds.

The shares reserved for non-institutional and retail institutional bidders amount respectively to 15% and 10% of the net supply.

FabIndia has a pan-India network of 309 Fabindia stores and experience centers, 74 “Organic India” stores and a network of retail touch points for Organic India, including general trade stores , modern trade shops and pharmacies, as on September 30, the DRHP mentioned.

The company’s total aggregate loss was Rs 114.1 crore and Rs 56.9 crore in the financial year ending March 2021 and in the six months to September, respectively.

ICICI Securities Ltd., Credit Suisse Securities (India) Pvt., JPMorgan India Pvt., Nomura Financial Advisory and Securities (India) Pvt., SBI Capital Markets Ltd. and Equirus Capital Pvt. are the leaders responsible for the show.

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