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Biba Fashions Limited
upcoming
TBAMin. investment
Biba Fashions Limited IPO Details
Issue size
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IPO type
Mainboard
RHP/DRHP
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IPO type
Regular
RHP/DRHP
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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.
Frequently asked questions
How to invest in the Biba Fashions Limited ?
Investors can apply for the Biba Fashions Limited through their Demat account via the stock exchange or through their broker.
What is 'pre-apply' for Biba Fashions Limited ?
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
Which exchanges will Biba Fashions Limited shares list on?
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Who is the registrar of Biba Fashions Limited ?
For Biba Fashions Limited, the IPO registrar is Link Intime India Private Limited. You can check Biba Fashions Limited allotment status on the website of the registrar.
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