News > Fabindia Considers Raising Up To USD 1 Bn Via IPO
Fabindia Considers Raising Up To USD 1 Bn Via IPO
Business World | 10/09/2021 10:44 PM | Click to read full article
Fabindia, a retailer of artisan products and lifestyle items, is considering raising up to USD 1 billion through an initial public offering (IPO), according to people in the know of the development. The company said it considers various capital-related options from time to time and take advice from its bankers.
The company is expected to seek a valuation of USD 2 billion and sell around 25-30 per cent stake through the IPO.
