Fabindia IPO GMP, Dates, Review & Important Details 2022

Fabindia Limited is a 62-year-old consumer lifestyle platform that specialises in authentic, healthy, and Indian traditional lifestyle items. Fabindia IPO will hit the stock market in June 2022.

About Fabindia

Their brands, ‘Fabindia’ and ‘Organic India,’ are well-known in India, with a focus on “Celebrating India” and “Healthy Conscious Living,” respectively.

Clients can choose from a wide range of lifestyle products in the Apparel and Accessories, Home and Lifestyle, Personal Care, and Organic Food sections.

With their pan-India channel of 309 Fabindia stores and Expertise Centers, 74 Organic India stores and a network of retail touchpoints for Organic India, as well as their online platforms www.fabindia.com, www.organicindia.com, their mobile application, ‘Fabindia,’ and third-party marketplaces, they provide an omnichannel expertise.

Their business approach is designed to be sustainable, and they’ve attempted to develop a unique supply-side ecosystem by collaborating with a network of artisans and farmers throughout India.

Business Model

They are committed to supplying high-quality items to their clients while also supporting farmers and artisans with stable jobs and incomes through its Contract Manufacturers (including weavers and craftsmen).

They use Contract Manufacturers for their Fabindia products. Farmers that they work with directly as well as through affiliates are among their Organic India suppliers.

They regard the interests of craftsmen and farmers to be critical to their business strategy. They aim to provide products that are natural, ethically sourced, and environmentally friendly, while also incorporating traditional artisan skills into contemporary designs.

To distinguish their brand and products, they depend on their purpose-driven strategy, curated product portfolio, and involvement with their vendor, Contract Manufacturer, and consumer networks.

Past & Future

Their emphasis on India, its customs, people, and ecosystem drives their business. Craft is among India’s most important traditions, and they work with artisans via their contract producers to ensure that this cultural heritage is preserved.

They depend on agreement producers for artisan supply, with the core of their items being created by artisans and farmers rather than the organised sector, with the goal of lowering the ecological effect of their manufacturing, among other things.

To further enhance their retail presence, they have a two-pronged strategy: Expertise Centers, which house all of their product categories under one roof, giving clients an immersive and thorough Fabindia shopping environment.

Fabindia IPO

Fabindia Limited, headquartered in New Delhi has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of 500 crore & 25,050,543 equity shares on 21 January 2022.

The offer includes a fresh issue of INR 500 crore and there is offer for sale (OFS) of 25,050,543 equity shares by the promoters mentioned in the DRHP. They are looking for a Pre-IPO placement of 100 crore in this issue.

They are now waiting for approval from Securities and Exchange Board of India(SEBI) to float the initial public offering (IPO) in the market.

Originally published at https://profitmust.com on January 25, 2022.