Biba Fashions Limited

About Biba Fashions IPO

In 1983, 39-year-old Meena Bindra took out a loan of ₹8,000, sourced raw material, hired a tailor and a block printer. Following that, she made 40 pieces of “Punjabi Suits” stitched in three sizes each. She then invited her friends to try them out. This was the beginning of the brand Biba.  

Today, it is one of India’s largest lifestyle brands in the women's Indian wear market. It held a 4% market share (excluding sarees) in FY20. The company develops, designs, sources, markets and sells a wide portfolio of Indian wear for women and girls such as salwar kameez dupattas, Mix-n-Match wear, Ready-to-Stitch wear, kidswear, bottom-wear and accessories. The company’s flagship brand is BIBA, and its value-fashion brand is Rangriti. 

As of December 31, 2021, Biba Fashion had 427 Exclusive Brand Outlets, 930 Large Format Stores and 30 Multi Brand Outlets across India. Its products are also sold in Canada, Nepal, UAE, USA and Australia. 

The company also sells its products through its websites and online marketplaces. Online sales accounted for 37% of its revenue in FY21. 

Now, this company is all set to launch the Biba Fashion IPO. The Biba Fashion ltd IPO will be a combination of an offer for sale and a fresh issue. The money raised through the fresh issue of the Biba Fashion IPO will be used for the repayment of borrowings. 
 
Here are the key details about the Biba Fashion IPO:

Financial snapshot

Here’s a quick look at Biba Fashions IPO’s strengths, weakness, opportunities and risks (SWOT analysis)

Strengths and opportunities

1. 1,200 registered designs, as of 31 December 2021
2. Strong in-house design and tech-first supply chain capabilities 
3. Has a network of 251 fabric suppliers and 114 factories , as of  31 December 2021
4. Has a capital-efficient and scalable retail model 
5. The apparel market in India is expected to grow at a CAGR of around 22% between FY21 and FY25 

Risks and threats

1. Incurred a loss of ₹11.8 crore in FY21 and may suffer losses in the future
2. Relies on outsourcing a significant proportion of production processes and activities to third-parties without exclusivity arrangements
3. Warehouses and majority of contract manufacturers are based in a single geographical region – the National Capital Region
4. Faces competition from key players in the space such as Biba, Global Desi, and Fabindia
5. Faces competition from online channels like Myntra, Amazon, Flipkart, Nykaa and Tata Cliq

Biba Fashions IPO details

| Biba Fashions IPO date 

The company has filed its Draft Red Herring Prospectus with the market regulator SEBI. It has also received a nod from SEBI to launch its IPO. But the Biba Fashion IPO opening date – in other words, the Biba Fashion IPO launch date – hasn’t been announced yet. The Biba Fashion IPO closing date also hasn’t been declared. Along with these dates, investors will be updated about the Biba Fashion shares allotment date. 

Investors, who receive allotment, can expect Biba Fashion Ltd shares to be credited in their demat account after the allotment date. Besides this, the Biba Fashion IPO listing date hasn’t been announced yet. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. Stay tuned with Uptox for all the key updates about the Biba Fashion IPO.

| Biba Fashions IPO Price Band

The Biba Fashion IPO is a fresh issue as well as an offer for sale. The Biba Fashion IPO price band hasn’t been set yet. The price band is a price range within which investors can apply for the IPO. When the Biba Fashion IPO opens, interested investors will have to choose a price within the band to apply for the public issue. 

Also, the Biba Fashion IPO listing price will be determined on the listing date. The listing price is the Biba Fashion IPO share price at which the shares of a company make their debut on the stock exchanges. 

| Biba Fashions IPO Lot size

The Biba Fashion IPO details haven’t been declared. Hence, the Biba Fashion IPO lot size also hasn’t been announced yet. It’s important to note that an investor can apply for a minimum of 1 lot. Meanwhile, according to the news reports, the Biba Fashion IPO issue size could be around ₹1,500 crore to ₹2,000 crore. 

How to apply for the Biba Fashions IPO?

If you are interested in this investment opportunity but unsure how to apply for the Biba Fashion IPO, here we are listing out the steps for you. 

When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Biba Fashion Ltd IPO on Upstox: 

1. Login to your Upstox account, using your six-digit PIN
2. After successfully logging in, click on ‘Discover’
3. On the Discover tab, you will find the ‘Invest in IPO’ section
4. Under the Invest in IPO section, look for the ‘Biba Fashion IPO’ tab and click on it
5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
6. Confirm and click on ‘Apply’
7. Accept the mandate on your UPI app

How to check the Biba Fashions IPO allotment status?

When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. 

Here’s a step-by-step guide on how to check the Biba Fashion Ltd IPO allotment status:

1. Login to your Upstox account, using your six-digit PIN
2. After successfully logging in, click on ‘Discover’
3. On the Discover page, you will find the ‘Invest in IPO’ section
4. Under the Invest in IPO section, you will find the ‘View all’ option
5. Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
6. In the ‘IPO’ tab, click on ‘My applications’ 
7. In ‘My applications’, under the History section, your Biba Fashion IPO allotment status will be mentioned

Open a demat account with Upstox to apply for the Biba Fashions IPO

To apply for the Biba Fashion Ltd IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.

Here is a step-by-step guide on how to open a demat account with Upstox:

1. Click here to visit the demat account opening page on the Upstox website. 
2. Enter your phone number and other essential details to begin opening a demat account.
3. Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed. 
4. Complete the e-verification using the OTP sent to your registered mobile number. 

This is all it takes to open a demat account with Upstox. Easy and quick, right? 

Upstox – trading app to apply for the Biba Fashions IPO

Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India.  

You can apply for the Biba Fashion IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. 

In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.