Fab india planning to raise Rs 4,000 crore??
Funding through IPO 2021 was great for investors, due to this, it is expected that in 2022 the investment prospects in IPO will not only increase but the number of investors will also increase. The good news for the identical investors is that the IPO of fashion and lifestyle company Fab india can come into the market anytime. The company has even sent documents for listing, at the beginning of the year, this IPO can prove to be a great investment option for the people.
SEBI: Fab india, a company related to traditional dress, home decor, and lifestyle products, is scheduled to bring an IPO. The company is planning to raise Rs 4,000 crore through its IPO, so the company has also applied to the market regulator Securities and Exchange Board of india (SEBI) on Saturday.
According to DRHP documents, new shares worth Rs 500 crore will be issued in this offer, apart from this, Fab india will also offer for sale 2,50,50,543 old shares. It also said that the company or some of its subsidiaries would like to offer 4,00,000 shares and 3,75,080 shares, respectively, to the two promoters of Fab india, Bimal Nanda Bisel, and madhukar Kheda, to express their gratitude to certain farmers and artists. Farmers and artisans are all involved in this.
