{"id":128159,"date":"2022-03-08T12:03:14","date_gmt":"2022-03-08T17:03:14","guid":{"rendered":"https:\/\/44.250.171.167\/?p=128159"},"modified":"2022-10-05T06:25:27","modified_gmt":"2022-10-05T10:25:27","slug":"ipo-alert-fabindia-limited-files-for-initial-public-offering","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/ipo-alert-fabindia-limited-files-for-initial-public-offering\/","title":{"rendered":"IPO Alert: FabIndia Limited files for initial public offering"},"content":{"rendered":"\n<p>The apparel industry in India is estimated to have grown at a compound annual rate of 10.6% over the past five years and reached \u20b95,561 billion in fiscal 2020. Menswear accounted for 41% of the total apparel market, followed by women\u2019s wear at 37%. Kidswear accounted for the remaining 22%.<\/p>\n\n\n\n<p>The domestic apparel market is expected to return to 90% of pre-COVID levels this year, subject to stabilization in the number of COVID cases. Further, it is projected to grow 10.6% through 2026 and reach \u20b97,515 billion.<\/p>\n\n\n\n<p>FabIndia Limited recently filed a prospectus with market regulators for an initial public offering. The offer comprises a fresh issue of up to \u20b9500 crores and an offer for sale of 25,050,543 shares by existing investors or shareholders, as per the draft red herring prospectus filed by the company.<\/p>\n\n\n\n<p>FabIndia plans to utilize \u20b9250 crores from the net proceeds for voluntary redemption of its non-convertible debentures, along with accrued interest. The remaining \u20b91.39 crores will be paid through internal accruals. Further, the company will employ \u20b9125 crores for repayment of loans and use the remaining amount for general corporate purposes.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">&nbsp;Lifestyle Platform<\/h2>\n\n\n\n<p>The New Delhi-based company is a consumer lifestyle platform with an established 62-year legacy, focused on authentic, sustainable traditional lifestyle products. The brand names <em>FabIndia<\/em> and <em>Organic India<\/em> are well recognized in the Indian market. The company offers a diverse portfolio of lifestyle products across the apparel &amp; accessories, home &amp; lifestyle, personal care and organic food categories.<\/p>\n\n\n\n<p>The firm provides an omnichannel experience through its pan-India network of 309 FabIndia stores and Experience Centers and 74 Organic India stores.<\/p>\n\n\n\n<p>The company\u2019s main competitors are Cotton Emporium, Khadi Gram Udyog and Good Earth.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Key Numbers<\/h2>\n\n\n\n<p>For the year ended 31 March 2021, FabIndia reported a total income of \u20b91,087 crores, against \u20b91,524 crores in the previous year. The company incurred a loss of \u20b9117 crores, compared to a profit of \u20b930.6 crores in the prior year.\u00a0 A significant portion of the revenue &#8212; more than 50% &#8212; is derived from the apparel segment.<\/p>\n\n\n\n<p>Since the company deals in contemporary ethnic apparel and accessories, sales tend to increase during festive seasons. The revenue is, therefore, influenced by seasonal factors that vary between different quarters.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The apparel industry in India is estimated to have grown at a compound annual rate of 10.6% over the past five years and reached \u20b95,561 billion in fiscal 2020. Menswear accounted for 41% of the total apparel market, followed by women\u2019s wear at 37%. Kidswear accounted for the remaining 22%. The domestic apparel market is [&hellip;]<\/p>\n","protected":false},"author":1738,"featured_media":124093,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5748,12,10444,85],"tags":[8155,1372,8888,145,8190,9927],"class_list":["post-128159","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","category-other-industries","category-others","category-retail-stocks","tag-accessories","tag-apparel","tag-apparel-manufacturing","tag-clothing","tag-consumer","tag-lifestyle"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":124759,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-womens-wear-brand-gocolors-files-papers-for-a-public-issue\/","url_meta":{"origin":128159,"position":0},"title":"IPO Alert: Women&#8217;s wear brand GoColors files papers for a public issue","author":"Nishadkishore","date":"August 26, 2021","format":false,"excerpt":"The retail market in India was valued at \u20b959.7 trillion in fiscal 2020 and is expected to grow at a CAGR of 6.23% to reach \u20b980.7 trillion by fiscal 2025. The apparel and accessories industry accounted for 7.9% of retail in 2020. Moreover, the woman\u2019s apparel segment increased from 19%\u2026","rel":"","context":"In &quot;IPO&quot;","block_context":{"text":"IPO","link":"https:\/\/alphastreet.com\/india\/category\/ipo\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":124938,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-what-to-look-for-when-vedant-fashions-goes-public\/","url_meta":{"origin":128159,"position":1},"title":"IPO Alert: What to look for when Vedant Fashions goes public","author":"Nishadkishore","date":"September 29, 2021","format":false,"excerpt":"Ethnic wear accounted for about 32% of the overall apparel retail market in India as of fiscal 2020. Women\u2019s ethnic wear was the largest segment, followed by menswear in the second place representing approximately10% of the total ethnic wear market. A recent study has shown that the estimated value of\u2026","rel":"","context":"In &quot;IPO&quot;","block_context":{"text":"IPO","link":"https:\/\/alphastreet.com\/india\/category\/ipo\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":126175,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-nandan-terry-is-all-set-to-go-public\/","url_meta":{"origin":128159,"position":2},"title":"IPO Alert: Nandan Terry is all set to go public","author":"Nishad","date":"December 20, 2021","format":false,"excerpt":"Global textile and apparel trade has grown at a CAGR of 4% since 2005 and has reached the level of trade at $823 billion, while the apparel industry is the most traded category with a share of 57% of total trade in T&A. Global T&A is expected to reach $1\u2026","rel":"","context":"In &quot;IPO&quot;","block_context":{"text":"IPO","link":"https:\/\/alphastreet.com\/india\/category\/ipo\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":124733,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-fsn-e-commerce-ventures-ltd-files-for-public-listing\/","url_meta":{"origin":128159,"position":3},"title":"IPO Alert: FSN E-commerce Ventures Ltd files for public listing","author":"Nishadkishore","date":"August 9, 2021","format":false,"excerpt":"The beauty and personal care market in India was sized at \u20b91.26 trillion in 2019, growing at a CAGR of 13% in the last 3 years. Due to Covid-19, the market fell to \u20b91.12 trillion in 2020 and now is projected to grow at a CAGR of 12% to reach\u2026","rel":"","context":"In &quot;IPO&quot;","block_context":{"text":"IPO","link":"https:\/\/alphastreet.com\/india\/category\/ipo\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":128083,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-sanathan-textiles-files-for-%e2%82%b91300-crore-initial-public-offering\/","url_meta":{"origin":128159,"position":4},"title":"IPO Alert: Sanathan Textiles files for \u20b91,300-crore initial public offering","author":"Nishad","date":"March 2, 2022","format":false,"excerpt":"The textile sector in India plays an important role in the country\u2019s economic activity. Together, the textile, leather and apparel industries contributed around 13% to the gross value added in fiscal 2020. The global textile industry is estimated to have reached $978 billion in fiscal 2021 and is expected to\u2026","rel":"","context":"In &quot;Industrials&quot;","block_context":{"text":"Industrials","link":"https:\/\/alphastreet.com\/india\/category\/industrials\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":126207,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-capillary-technologies-plans-%e2%82%b9850-crore-public-listing\/","url_meta":{"origin":128159,"position":5},"title":"IPO Alert: Capillary Technologies plans \u20b9850-crore public listing","author":"Nishad","date":"January 6, 2022","format":false,"excerpt":"The global SaaS (software as a service) market grew 22% from \u20b93 trillion in 2015 to \u20b98 trillion in 2020, and it is expected to gain 30% and reach around \u20b923 trillion in the next four years. Indian SaaS companies are expected to generate $30 billion in revenue by 2025,\u2026","rel":"","context":"In &quot;IPO&quot;","block_context":{"text":"IPO","link":"https:\/\/alphastreet.com\/india\/category\/ipo\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/128159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1738"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=128159"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/128159\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/124093"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=128159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=128159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=128159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}