• Biz Industry

BIBA FASHION LIMITED FILED DRHP WITH SEBI


BIBA FASHION LIMITED FILED DRHP WITH SEBI


Biba Fashion Limited, one of the largest lifestyle brands in the women’s Indian wear market in India in terms of market share. Launched in 1986, Company’s flagship brand, BIBA, is a ‘category creator’ in the women’s Indian wear segment benefiting from a rich legacy, leading market position across the category and an industry leading online presence. Company develop, design, source, market and sell a wide portfolio of Indian wear for women and girls across multiple brands, namely our flagship brand, BIBA, and its value fashion brand, Rangriti. Its products are specifically tailored for the Indian consumer and has range of products offer distinct price points for its consumers. Furthermore, its flagship brand, BIBA, has the highest online brand recall amongst Indian wear brands, as of February 2022. [Source: Technopak Report]


Biba Fashion Limited has filed its Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”).The issue comprises of fresh issue of equity shares aggregating up to Rs. 90 crores and Offer for sale up to 27,762,010 equity shares by Promoter Selling Shareholder and Investor Selling Shareholder. The Company proposes to utilise the net proceeds from the fresh Issue towards funding (i) Repayment and /or prepayment of certain borrowings availed by the company estimated to be Rs. 70 crores and (ii) Balance amount towards general corporate purposes.


JM Financial Limited , Ambit Private Limited , DAM Capital Advisors Limited(Formerly IDFC Securities Limited) , Equirus Capital Private Limited and HSBC Securities and Capital Markets (India) Private Limited are the Book Running Lead Managers

17 views0 comments