FabIndia IPO was proposed as a Mainboard Book Build Issue by Fabindia Limited. The company’s January 2022 DRHP proposed a fresh issue of equity shares aggregating up to ₹500 crore and an Offer for Sale of up to 25,050,543 equity shares. The offer also included a proposed employee reservation and a possible Pre-IPO Placement of up to ₹100 crore. The IPO process was subsequently withdrawn in January 2023.
Fabindia is a consumer lifestyle platform offering products inspired by India’s traditional techniques, skills, crafts, and hand-based processes. The company has developed a diverse product portfolio across apparel, home and lifestyle products, personal care, food, and other consumer categories. Its business model combines physical retail stores with digital channels, allowing customers to access its products through an omni-channel network.
The company has built its brand around products that connect traditional Indian craftsmanship with contemporary consumer preferences. Its product categories cater to different aspects of everyday lifestyle, including clothing, home furnishings, personal care products, and food. Fabindia works with artisans, craftspeople, farmers, and other producer communities to source and develop products across its various categories.
The proposed IPO was intended to provide a public-market platform for Fabindia and included both a fresh issue and an Offer for Sale. The fresh issue component was proposed to raise up to ₹500 crore, while the Offer for Sale comprised up to 25,050,543 equity shares. The DRHP also provided for an employee reservation portion and a potential Pre-IPO Placement of up to ₹100 crore, subject to applicable conditions.
However, the proposed IPO did not proceed to the public issue stage. Fabindia withdrew its DRHP in January 2023, and therefore no final IPO price band, opening and closing dates, lot size, subscription data, allotment date, or stock exchange listing date were established. Accordingly, these IPO-related fields are marked as Yet to be Updated rather than using estimated or unofficial figures.
Table of Contents
FabIndia IPO Details Information
| Particulars | Information |
|---|---|
| IPO Name | FabIndia IPO |
| Company Name | Fabindia Limited |
| IPO Type | Book Build Issue |
| IPO Category | Mainboard IPO |
| Face Value | ₹1 Per Equity Share |
| Price Band | Yet to be Updated |
| Issue Size | Yet to be Updated |
| Fresh Issue | Up to ₹500 Crore |
| Offer for Sale | Up to 25,050,543 Equity Shares |
| Pre-IPO Placement | Up to ₹100 Crore |
| IPO Open Date | Yet to be Updated |
| IPO Close Date | Yet to be Updated |
| Anchor Investor Bidding | Yet to be Updated |
| Basis of Allotment | Yet to be Updated |
| Refund Initiation | Yet to be Updated |
| Shares Credited to Demat Account | Yet to be Updated |
| Listing Date | Yet to be Updated |
| Listing Exchange | BSE & NSE |
| Lot Size | Yet to be Updated |
| Registrar | Link Intime India Private Limited |
| Book Running Lead Managers | ICICI Securities Limited, Credit Suisse Securities (India) Private Limited, Nomura Financial Advisory and Securities (India) Private Limited, SBI Capital Markets Limited and Equirus Capital Private Limited |
The proposed offer comprised a fresh issue of up to ₹500 crore and an OFS of up to 25,050,543 equity shares. The selling shareholders included promoter and promoter-group shareholders as well as other existing shareholders.
FabIndia IPO Dates
FabIndia did not announce final IPO bidding dates before the proposed issue was withdrawn. The following dates therefore remain unavailable.
| IPO Event | Date |
|---|---|
| Anchor Investor Bidding | Yet to be Updated |
| IPO Opening Date | Yet to be Updated |
| IPO Closing Date | Yet to be Updated |
| Basis of Allotment | Yet to be Updated |
| Refund Initiation | Yet to be Updated |
| Shares Credited to Demat Account | Yet to be Updated |
| Listing Date | Yet to be Updated |
FabIndia IPO Reservation
The proposed FabIndia IPO included reservations for different investor categories as per the applicable IPO regulations. The DRHP also provided for an employee reservation. The final number of shares available to each category was subject to the finalisation of the offer structure.
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | Not Less Than 75% |
| Non-Institutional Investors (NII) | Not More Than 15% |
| Retail Individual Investors (RII) | Not More Than 10% |
| Eligible Employees | Reservation Proposed |
FabIndia IPO Lot Size
The minimum application lot was not finalised because the company did not proceed to the RHP and IPO bidding stage.
| Application | Shares | Amount |
|---|---|---|
| Retail Minimum | Yet to be Updated | Yet to be Updated |
| Retail Maximum | Yet to be Updated | Yet to be Updated |
| S-HNI Minimum | Yet to be Updated | Yet to be Updated |
About Fabindia Limited
Fabindia was originally formed in 1960 and the present corporate structure was established in 1976. The company has built its business around products sourced from artisans, craftspeople and other producer communities across India.
The company operates as a consumer lifestyle platform with products spanning apparel, home and lifestyle, personal care, food and other categories. Fabindia combines its retail network with online channels to reach customers across different markets.
Business Operations
Fabindia’s business operations include the following major areas:
- Apparel – Traditional and contemporary Indian apparel for women, men and children.
- Home and Lifestyle – Furniture, furnishings, tableware, décor and other lifestyle products.
- Personal Care – Personal care and wellness-related products.
- Food – Food products and organic offerings through its broader consumer platform.
- Retail Network – A network of Fabindia stores across different Indian markets.
- Digital Channels – Products are also offered through the company’s website, mobile application and other online platforms.
Business Model
Fabindia follows a sourcing-led business model that connects artisans, craftspeople, farmers, producer groups and other suppliers with consumers through a branded retail platform. Its model combines traditional Indian craft techniques with organised product development, sourcing, retail and digital distribution.
Omni-Channel Presence
The company has developed an omni-channel distribution model combining physical stores with digital platforms. The DRHP highlighted the company’s online platforms, mobile application, Fabindia website and third-party marketplaces as part of its digital distribution network.
FabIndia IPO Financial Information
The DRHP reported restated consolidated financial information for FY2019, FY2020 and FY2021, along with six months ended September 30, 2021. Revenue from operations declined during FY2021 compared with FY2020, while the company reported a restated loss for FY2021.
FabIndia Financial Summary
| Particulars | FY2021 | FY2020 | FY2019 |
|---|---|---|---|
| Revenue from Operations | ₹1,059.64 Crore | ₹1,508.05 Crore | ₹1,474.31 Crore |
| Total Income | ₹1,087.41 Crore | ₹1,524.42 Crore | ₹1,481.49 Crore |
| EBITDA | ₹100.65 Crore | ₹272.38 Crore | ₹350.42 Crore |
| Profit / (Loss) | (₹117.14 Crore) | ₹30.69 Crore | ₹84.36 Crore |
| Net Worth | ₹246.32 Crore | ₹230.45 Crore | ₹234.86 Crore |
| Total Assets | Yet to be Updated | Yet to be Updated | Yet to be Updated |
The DRHP reported revenue from operations of ₹1,059.64 crore in FY2021 against ₹1,508.05 crore in FY2020. Restated profit/(loss) was a loss of ₹117.14 crore in FY2021 compared with a profit of ₹30.69 crore in FY2020.
FabIndia IPO Key Performance Indicators (KPIs)
The DRHP disclosed EPS, RoNW and Net Asset Value based on its restated financial information.
| KPI | FY2021 |
|---|---|
| EPS | (₹7.45) |
| RoNW | (16.65)% |
| NAV Per Share | ₹43.99 |
| P/E | Negative |
The negative FY2021 earnings resulted in a negative EPS and negative RoNW, while the reported Net Asset Value was ₹43.99 per share. The P/E ratio cannot provide a meaningful positive valuation measure for a period with negative earnings.
Objects of the FabIndia IPO
The company proposed to utilise the net proceeds from the fresh issue for the following purposes:
- Voluntary redemption of certain Non-Convertible Debentures issued by the company and payment of accrued interest.
- Prepayment or scheduled repayment of a portion of certain outstanding borrowings and accrued interest.
- General corporate purposes.
The proceeds from the Offer for Sale would be received by the respective selling shareholders and would not accrue to Fabindia.
FabIndia IPO Listing Performance
FabIndia shares were not listed through the proposed IPO because the issue was withdrawn before the listing stage.
| Particular | Value |
|---|---|
| Listing Exchange | BSE & NSE |
| Listing Date | Yet to be Updated |
| Issue Price | Yet to be Updated |
| Listing Price | Yet to be Updated |
| Listing Gain | Yet to be Updated |
| Listing Gain (%) | Yet to be Updated |
FabIndia IPO Subscription Status
The FabIndia IPO did not enter the public bidding stage. Therefore, no official IPO subscription data or category-wise subscription figures are available.
FabIndia IPO Subscription
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | Yet to be Updated |
| Non-Institutional Investors (NII) | Yet to be Updated |
| Retail Individual Investors (RII) | Yet to be Updated |
| Total Subscription | Yet to be Updated |
FabIndia IPO Review
Fabindia has an established consumer lifestyle platform built around Indian crafts, traditional techniques, skills and hand-based processes. The company offers a broad range of products across apparel, home and lifestyle, personal care, food and other categories. Its business model combines physical retail stores with digital platforms, giving customers access to its products through an omni-channel network.
The company works with artisans, craftspeople, farmers and other producer communities to develop and source products for its various categories. Its product portfolio is positioned around traditional Indian craftsmanship while catering to contemporary consumer preferences. Fabindia has also expanded its presence through its retail network and online channels, supporting the distribution of its products across different markets.
The financial performance disclosed in the DRHP showed a decline in revenue from operations during FY2021, along with a restated loss for the year. The company’s financial results during this period were impacted by the COVID-19 pandemic, which affected store operations, consumer demand, revenues and operating expenses.
The DRHP also highlighted the effect of the pandemic on the company’s business operations and financial performance. As the proposed IPO was subsequently withdrawn in January 2023, the financial information available for the proposed issue relates to the period covered by the DRHP and should be considered in that historical context rather than as current financial performance.
FabIndia IPO Strengths
- Established consumer lifestyle brand with a long operating history.
- Strong association with Indian crafts and traditional production techniques.
- Diversified product portfolio across multiple lifestyle categories.
- Established artisan and supplier network.
- Omni-channel presence across physical and digital channels.
- Presence across multiple consumer categories.
- Established retail network in India.
FabIndia IPO Risk Factors
- Revenue declined substantially in FY2021 compared with FY2020.
- The company reported a restated loss in FY2021.
- Consumer spending conditions can affect demand for lifestyle products.
- Retail operations involve significant fixed operating expenses.
- The business operates in a competitive consumer lifestyle market.
- Changes in consumer preferences can affect product demand.
- The proposed IPO was withdrawn before completion.
- No final IPO price or valuation was established.
FabIndia IPO Promoters
The promoters disclosed in the public announcement were Bimla Nanda Bissell, William Nanda Bissell, Monsoon Latane Bissell, Madhukar Khera and JLB Partners Holding Inc.
FabIndia IPO Promoters Details
| Promoter | Designation |
|---|---|
| Bimla Nanda Bissell | Promoter |
| William Nanda Bissell | Promoter |
| Monsoon Latane Bissell | Promoter |
| Madhukar Khera | Promoter |
| JLB Partners Holding Inc. | Promoter |
FabIndia IPO Management Team
The available company records identified senior management personnel including Mukesh Kumar Chauhan, who was handling the company’s operations, finance, investor relations, inter-group coordination and other responsibilities during the IPO process.
| Name | Designation |
|---|---|
| Mukesh Kumar Chauhan | Management / Finance and Operations |
FabIndia IPO Registrar Details
Link Intime India Private Limited was identified as the Registrar to the proposed FabIndia IPO in the offer documentation available for the issue.
| Particular | Details |
|---|---|
| Registrar Name | Link Intime India Private Limited |
| Website | www.linkintime.co.in |
| IPO Allotment Status | Yet to be Updated |
| Email ID | Yet to be Updated |
| Contact Number | Yet to be Updated |
FabIndia IPO Lead Manager Details
The proposed Book Running Lead Managers included ICICI Securities, Credit Suisse Securities (India), Nomura Financial Advisory and Securities (India), SBI Capital Markets and Equirus Capital.
| Particular | Details |
|---|---|
| Lead Manager 1 | ICICI Securities Limited |
| Lead Manager 2 | Credit Suisse Securities (India) Private Limited |
| Lead Manager 3 | Nomura Financial Advisory and Securities (India) Private Limited |
| Lead Manager 4 | SBI Capital Markets Limited |
| Lead Manager 5 | Equirus Capital Private Limited |
Fabindia Limited Contact Details
| Particular | Details |
|---|---|
| Company Name | Fabindia Limited |
| Registered Office | Plot No. 10, Local Shopping Complex, Sector B, Pocket-7, Vasant Kunj, New Delhi – 110070 |
| Corporate Office | C-40, 2nd Floor, Okhla Industrial Area, Phase-II, New Delhi – 110020 |
| Website | www.fabindia.com |
| Email ID | [email protected] |
| Contact Person | Monika Uppal Arora |
| Contact Number | +91 11 4069 2058 |
The public announcement listed C-40, 2nd Floor, Okhla Industrial Area, Phase-II, New Delhi as the corporate office and identified Monika Uppal Arora as Company Secretary and Compliance Officer.
How to Check FabIndia IPO Allotment Status
The FabIndia IPO did not reach the allotment stage because the proposed issue was withdrawn. Therefore, no IPO allotment status is available.
Through Registrar
An allotment status page would normally be provided by the IPO registrar after the basis of allotment is finalised. No FabIndia IPO allotment result was generated for the withdrawn issue.
Through BSE
BSE IPO allotment facilities can normally be used after an IPO completes its allotment process. No FabIndia IPO allotment result is available because the proposed issue did not proceed.
FabIndia IPO Conclusion
FabIndia IPO was proposed as a Mainboard Book Build Issue comprising a fresh issue of up to ₹500 crore and an Offer for Sale of up to 25,050,543 equity shares. The company also proposed an employee reservation portion and a possible Pre-IPO Placement of up to ₹100 crore. The fresh issue proceeds were proposed to be used primarily for debt-related purposes and general corporate purposes.
Fabindia operates a consumer lifestyle platform focused on Indian crafts, traditional techniques, skills and hand-based processes. The company offers a diversified range of products across apparel, home and lifestyle, personal care, food and other categories through its physical retail stores and digital platforms. Its FY2021 financials disclosed revenue from operations of ₹1,059.64 crore and a restated loss of ₹117.14 crore.
The proposed IPO was subsequently withdrawn in January 2023 and therefore did not proceed to the public issue stage. As a result, there is no final IPO price band, GMP, bidding dates, subscription data, allotment date, refund date, share credit date or listing date for the withdrawn issue. These fields are therefore marked as Yet to be Updated rather than using unofficial or estimated figures.
FabIndia IPO FAQs
What is FabIndia IPO?
FabIndia IPO was a proposed Mainboard Book Build Issue of Fabindia Limited comprising a fresh issue of up to ₹500 crore and an Offer for Sale of up to 25,050,543 equity shares.
What is the price band of FabIndia IPO?
The final price band of FabIndia IPO was not announced because the proposed IPO was withdrawn before the public bidding stage.
What is the issue size of FabIndia IPO?
The proposed fresh issue size was up to ₹500 crore, along with an Offer for Sale of up to 25,050,543 equity shares.
When will the FabIndia IPO open?
The FabIndia IPO did not open for public subscription. The proposed issue was withdrawn in January 2023.
When will the FabIndia IPO close?
The FabIndia IPO did not reach the public bidding stage and therefore has no IPO closing date.
On which stock exchanges will FabIndia shares be listed?
The proposed FabIndia IPO was intended to list the company’s equity shares on BSE and NSE.
Who is the registrar for FabIndia IPO?
Link Intime India Private Limited was appointed as the Registrar to the proposed FabIndia IPO.
What is the face value of FabIndia IPO shares?
The face value of each Fabindia equity share was ₹1.
What does Fabindia Limited do?
Fabindia is a consumer lifestyle platform offering apparel, home and lifestyle products, personal care, food and other products, with a business model connected to Indian artisans and traditional production techniques.
What happened to the FabIndia IPO?
FabIndia’s proposed IPO was withdrawn in January 2023. Therefore, the issue did not proceed to the final price-band, subscription, allotment and listing stages.
