About FabIndia IPO
Back in 1960, FabIndia’s journey started as an Indian branch of an overseas company Fabindia Inc. Initially, the company exported home furnishings products to markets such as the US, Europe and the Middle East. But it gradually forayed into the ethnic apparel space and over the years, it became an iconic brand.
Popular for working with rural artisans like weavers, craftsmen and farmers (through contract manufacturers), FabIndia has a pan-India presence. It has 309 Fabindia stores and experience centres in the country.
Along with expanding geographically, FabIndia has also diversified its product portfolio. From apparel and accessories, and home and lifestyle, to personal care and organic food – the company has created a large product portfolio.
In 2013, it also added Organic India, a retailer of organic products, to its cart. This subsidiary of the company has 74 stores. It also sells Organic India products through retail touchpoints including general trade stores, modern trade stores and chemists.
After establishing its deep roots in India, the company now plans to launch the FabIndia Ltd IPO. The FabIndia IPO will be a combination of an offer for sale as well as a fresh issue. The money raised from the fresh issue will be used to reduce debt.
Here are the key details about the FabIndia IPO:
A quick look at FabIndia IPO’s strengths, risks and threats
Risks and threats
FabIndia IPO details
| FabIndia 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 FabIndia IPO’s opening date – in other words, the FabIndia IPO launch date – hasn’t been announced yet. The FabIndia IPO closing date also hasn’t been declared. Along with these dates, investors will be updated about the FabIndia shares allotment date.
Investors, who receive allotment, can expect FabIndia shares to be credited in their demat account after the allotment date. Besides this, the FabIndia 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 FabIndia IPO.
| FabIndia IPO price band
The FabIndia IPO is a book-built issue. The FabIndia 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 FabIndia IPO opens, interested investors will have to choose a price within the band to apply for the public issue.
Also, the FabIndia IPO listing price will be determined on the listing date. The listing price is the price at which the shares of a company make their debut on the stock exchanges.
| FabIndia IPO lot size
The FabIndia IPO details haven’t been declared. Hence, the FabIndia 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 FabIndia IPO issue size could be around ₹4,000 crore.
How to apply for the FabIndia IPO?
If you are interested in this investment opportunity but unsure how to apply for the FabIndia 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 FabIndia IPO on Upstox:
How to check the FabIndia 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 FabIndia IPO allotment status:
Open a demat account with Upstox to apply for the FabIndia IPO
To apply for the FabIndia 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 FabIndia IPO
You can apply for the FabIndia 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 FabIndia IPO means applying for this public issue before it goes live. However, pre-apply for the FabIndia IPO isn’t open currently.
The pre-apply for the FabIndia IPO will begin two days before its launch 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 FabIndia IPO opens for subscription.
The dates for the FabIndia IPO haven’t been announced yet.
The details about the FabIndia IPO’s lot size haven’t been announced yet.
The price band for the FabIndia IPO isn’t available currently.
The size of the FabIndia 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 of FabIndia shares to the demat account has not been announced yet.
FabIndia shares will on NSE and BSE
The listing date has not been announced yet.