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’s a quick look at Biba Fashions IPO’s strengths, weakness, opportunities and risks (SWOT analysis)
Strengths and opportunities
Risks and threats
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:
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:
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:
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.
Pre-applying for the Biba Fashion IPO means applying for this public issue before it goes live. However, pre-apply for the Biba Fashion IPO isn’t open currently.
The pre-apply for the Biba Fashion IPO will begin two days before Biba Fashion IPO release date. After pre-applying, once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the Biba Fashion IPO opens for subscription.
The dates for the Biba Fashion IPO haven’t been announced yet.
The details of the Biba Fashion IPO lot size haven’t been announced yet.
The price band for the Biba Fashion IPO isn’t available currently.
The size of the Biba Fashion IPO has not been announced yet.
You can place up to three bids for an application.
No, the bids have to be placed at one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
The date for crediting Biba Fashion shares to the demat account has not been announced yet.
Biba Fashion shares will on NSE and BSE
The listing date has not been announced yet.