This lifestyle company is coming up with IPO, aiming to raise Rs 4,000 crore

FabIndia plans to raise Rs 4,000 crore through its initial public offering (IPO). For this, the company has applied to the market regulator SEBI on Saturday.

FabIndia plans to raise Rs 4,000 crore through its initial public offering (IPO).

Lifestyle products company FabIndia (Fab India) Key Initial Public Offering (IPO) There is a plan to raise Rs 4,000 crore through For this, the company has applied to the market regulator SEBI on Saturday. According to the draft proposal submitted for approval of the Securities and Exchanges Board of India (SEBI), new shares worth Rs 500 crore will be issued in this offer. Apart from this, FabIndia will also offer sale of 2,50,50,543 old shares.

According to PTI, market sources said that FabIndia is expected to raise Rs 4,000 crore from this IPO. There is also a plan to present seven lakh shares of the promoters of the company to the artists and farmers closely associated with the company’s business.

The draft resolution on the IPO said that as a token of gratitude to certain farmers and artists associated with the company or its subsidiaries, the two promoters of FabIndia, Bimal Nanda Bisel and Madhukar Kheda, would be given 4,00,000 shares and 3,75,080 shares respectively. want.

Apart from this, another company of Gautam Adani, the second richest person in Asia, is going to be listed in the stock market. According to media reports, Adani Wilmar’s IPO will come this month. Adani Wilmar’s IPO will be worth Rs 3600 crore and it will open for subscription on January 27. This company is a joint venture of Adani Enterprises and Wilmar International. According to the report, the issue price for the Adani Wilmar IPO will be Rs 218-230, while the valuation of the company has been estimated at Rs 26287 crore. Next month, drug maker Emcure Pharmaceuticals will come up with an IPO of Rs 5000 crore.

What is IPO?

Now let’s understand what is an IPO. Initial Public Offer (IPO) is a way of raising capital from the market. When companies need money, they list themselves in the stock market. The company spends the amount received through the IPO according to its need. This fund can be used to pay off debt or for the growth of the company etc. Listing of shares on stock exchanges helps the company to get fair valuation of its shares.

(with PTI input)

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