News > FabIndia plans ₹4,000 cr IPO

FabIndia plans ₹4,000 cr IPO

The Hindu | 23/01/2022 01:51 PM | Click to read full article

Lifestyle retail brand FabIndia plans to raise up to ₹4,000 crores through an initial public offer.

In order to "reward and express gratitude to certain artisans and farmers engaged with the company or its subsidiaries", FabIndia's two promoters -- Bimla Nanda Bissell and Madhukar Khera -- intend to transfer 4,00,000 shares and 3,75,080 shares, respectively, to them, subsequent to the filing of the DRHP.