BIBA Fashion IPO

BIBA Fashion Limited is one of the leading lifestyle brands in India’s women’s Indian wear sector in terms of market share (Source: Technopak Report). BIBA Fashion IPO will hit the stock market in September 2022.

About BIBA Fashion

BIBA, the company’s flagship brand, was founded in 1986 and is a “category creator” in the female’s Indian wear segment, with a long history, a dominant market position, & an industry-leading internet presence (Source: Technopak Report).

They create, design, source, promote, and sell a diverse range of Indian clothing for women & girls under numerous names, including BIBA, their flagship brand, and Rangriti, their value fashion brand.

Their products are primarily designed for Indian consumers, and based to the Technopak Report, their product line includes a variety of price points.

Furthermore, its flagship brand, BIBA, has the largest online brand recall among Indian clothing businesses (Source: Technopak Report). Their brands are created to meet practically all of a woman’s Indian clothing requirements.

Products

Their products appeal to a wide range of Indian clothing buyers throughout the country. They provide well-designed & high-quality products to their clients across all segments. They have one of the most diverse product portfolios among women’s apparel companies in India in terms of SKUs.

Salwar kameez dupattas, Mix-n-Match wear, Ready-to-Stitch clothing, kidswear, bottom-wear & accessories are among their items for the women’s Indian wear market.

Their product mix has changed dramatically in recent years, & they continue to grow their product line to fulfil a wide range of consumer needs in their target market.

In keeping with their approach of catering to a wide range of garments & accessories, they also provide a variety of products in the areas of jewellery, footwear & fragrances.

Network

Their products are offered through a pan-India multichannel distribution network that we have developed over time, which includes exclusive brand shops, big format stores, and multi-brand outlets, and also online channels such as their own websites and other online marketplaces.

They had 427 EBOs throughout 27 states and 160 cities in India, including 308 BIBA-branded outlets and 119 Rangriti-branded outlets, 930 LFSs across 29 states and 267 regions of India, and 30 MBOs.

Their well-established EBO connectivity is not only well-diversified across India, but also provides clients with a superior shopping experience. Their EBOs can be found on high streets, malls, and local market areas in metropolitan areas, large cities, tier II and tier III cities, & airports around the country.

BIBA Fashion IPO

BIBA Fashion Limited, headquartered in Gurugram has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of 90 Crore and 27,762,010 Equity Shares on 11 April 2022.

The offer includes a fresh issue 90 crore and there is offer for sale (OFS) of 27,762,010 Equity Shares by the promoters mentioned in the DRHP. They are also looking for a Pre-IPO placement 18 crore in this issue.

They are now waiting for approval from Securities and Exchange Board of India(SEBI) to float the initial public offering (IPO) in the market.

Financials Trends

Particulars	For the year/period ended ( in Cr.)
	31-Dec-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	833.82	832.52	931.45	830.52
Total Revenue	515.09	569.18	766.15	735.74
Profit After Tax	18.24	(11.84)	8.91	20.24

Basic and Diluted Earnings Per Share

Financial Period	Basic EPS (in INR)	Diluted EPS (in INR)	Weight
Financial Year 2021	(0.96)	(0.96)	3
Financial Year 2020	0.74	0.74	2
Financial Year 2019	1.69	1.69	1
Weighted Average	0.05	0.05
30 Sep. 2021	1.46	1.46

Objects of the Issue

• Prepayment / repayment of all or a portion of the outstanding borrowings of the company to be availed on consolidated basis.
• To meet common corporate objectives.

Basis of the offer

• They have Leading market position and significant brand equity across the value chain among a wide range of consumers.
• Distribution across India is diverse, with a strong presence in both physical and online channels.
• Significant investments in digital capabilities have been made, with a particular emphasis on technological efficiency, culminating in online leadership (across both marketplaces & own websites).
• To deliver creative and high-quality products, we have strong in-house design and a tech-first supply chain.
• Well positioned to benefit from the industry’s robust growth profile, which is being fueled by secular tailwinds, a quick transition toward organised retail, and rising online penetration.
• Professional, founder-led management team with extensive business experience and a proven track record, supported by leading private equity firms.

BIBA Fashion Peer Comparison

S. No.	Face Value	Company Name	PE
1	2	TCNS Clothing Company Limited	N/A
2	1	Trent Limited	N/A
3	10	Go Fashion (India) Limited	N/A
4	1	Vedant Fashion Limited	188.61
5	10	Aditya Birla Fashion and Retail Limited	N/A

1. All financial data for listed industry peers is on a standalone/consolidated basis and comes from the audited consolidated/standalone financial statements of the respective firms for the year ending March 31, 2021, which can be found on the Stock Exchanges’ websites.
2. The P/E ratio is calculated by dividing the closing market price of equity shares on the BSE on April 07, 2022 by the diluted EPS derived from the peer group company’s annual report for the year ended March 31, 2021.

BIBA Fashion IPO Details

IPO Opening Date	September 2022
IPO Closing Date	September 2022
Issue Type	Book Building
Face Value	10 per share
IPO Price	0 to 0 per equity share
Market Lot	–
Min Amount	–
Listing At	BSE, NSE
Issue Size	–
Fresh Issue	90 Crore
Offer for Sale	27,762,010 Equity Shares

BIBA Fashion IPO Date

BIBA Fashion Limited IPO opening date is September 2022, and the closing date is September 2022. The BIBA Fashion issue may list in September 2022.

IPO Opening Date	September 2022
IPO Closing Date	September 2022
Basis of Allotment Date	September 2022
Initiation of Refunds	September 2022
Credit of Shares to Demat Account	September 2022
IPO Listing Date	September 2022

Basis of Allotment

Type	% of Offer	Basis of Allotment
Qualified Institutional Buyer	75	Roughly  equivalent
Non Institutional Investor	15	Roughly  equivalent
Retail	10	Minimum 1 lot based on availability

BIBA Fashion Limited IPO Status

Allotment of equity stocks subject to the Fresh Issue and transfer of the Promoter Selling Shareholders’ OFS Stocks to the winning Bidders subject to the Offer for Sale. Nevertheless, the status of the allotment has yet to be revealed.

Here, you can find the Allotment Status of BIBA Fashion IPO.

BIBA Fashion IPO GMP

BIBA Fashion Limited IPO Grey Market Premium is 0. You can check out GMP of Other IPOs on below Links:

Date	GMP (in Rs)	Subject to Sauda	Kostak (in Rs)
September 2022
September 2022
September 2022
September 2022
September 2022
September 2022
September 2022
September 2022
September 2022
September 2022
September 2022
September 2022

Check Out the GMP of all Other IPOs

IPO Grey Market Premium

BIBA Fashion Limited IPO Review

BIBA Fashion Limited IPO review will depend on the price band which will be announced after SEBI approval. Whenever it will be announced we will update you regarding review of BIBA Fashion IPO is good or bad.

BIBA Fashion Limited IPO Risk

• BIBA Fashion is heavily focused on women’s Indian wear clothes, making them sensitive to fluctuations in demand and consumer preferences, which could hurt their bottom line.
• Their company prospects are dependent on the health of their core brands, and any inability to maintain or grow product sales could have a negative impact.
• The COVID-19 pandemic, like any other future pandemic or significant public health calamity, is unpredictable and could harm their business, cash flows and results of operations.
• They have lost money in the past and may do so again in the future.
• Their business, cash flows, results of operations, and financial condition may be severely affected if any new goods they offer are not as successful as they expect.

Other Threats

1. Their inability to find and keep skilled third-party suppliers for various portions of their manufacturing & procurement processes could hurt their organisation.
2. Their warehouses and a large portion of their contract manufacturers are all located in the same area.
3. Any failure in their quality control processes could harm their reputation and have a negative impact on their business, cash flows, operating results, and financial situation.
4. Labor shortages, strikes, work stoppages, or higher wage demands by their employees, as well as any other type of issue with their personnel, could have a negative impact on their operations.
5. Their business relies on their franchisees and retailing customers purchasing and paying for their items on a regular basis, both in the short & long term.

BIBA Fashion Limited IPO Brokerage views

Once the dates will be announced we will update the views of different brokerage firms regarding this IPO. Here is the views of different stock brokers regarding this BIBA Fashion IPO:

• Yes Securities : Not Updated
• Choice Brokering: Not Updated
• Axis Securities: Not Updated
• IIFL Securities: Not Updated
• Trade swift: Not Updated
• Anand Rathi : Not Updated
• ICICI Securities: Not Updated

BIBA Fashion Limited IPO Subscription Status

Date	Day	QIB	NII	Retail	Employees	Total Subscription
September 2022	1
September 2022	2
September 2022	3

BIBA Fashion Limited Management

BIBA Fashion Limited’s founder and Executive Director, Meena Bindra, continues to be involved in strategic planning, ideation, design, and production development, and is led by a highly skilled senior management team.

Siddharath Bindra, the company’s Managing Director, has been active in the company for 25 years, has overseen the development of their business strategy, and has vast experience in sourcing, designing, retailing, and developing distribution channel relationships.

Siddharath Bindra is the architect of their strategic vision, and he has a track record of effectively creating, building, and growing brands and businesses.

They are also backed by an experienced management team of cross-functional specialists with expertise in all facets of our business, a seasoned Board of Directors, and high-profile investors.

BIBA Fashion Limited‘ Promoters

• Siddharath Bindra, Meena Bindra
• Shradha Bindra
• Kaveri Tradex Private Limited
• Dhanvan Impex LLP

Promoter’s Holding

Pre Issue Share Holding	64.75%
Post Issue Share Holding

BIBA Fashion Limited Prospectus