Traders said the IPO is expected to be valued at around Rs 4,000 crore.
Lifestyle retail brand Fabindia is planning an initial public offering (IPO) that will raise up to ₹4,000 crore, and in a fresh approach, the company’s promoters also plan to gift over seven lakh shares to artisans and farmers .
On Saturday, the company filed a draft red herring prospectus (DRHP) with Sebi for the proposal that would include fresh issue of shares worth up to ₹500 crore. Apart from this, there will also be an offer for sale of up to 2,50,50,543 shares.
Traders said the IPO is expected to be valued at around Rs 4,000 crore.
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