BIBA Fashion Ltd - IPO

BIBA Fashion Ltd IPO Details

Initial public offering of up to [*] equity shares of face value of Rs. 10 each (Equity Shares) of the company for cash at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) (Offer Price) aggregating up to Rs. [*] crores (Offer). The offer comprises a fresh issue of up to [*] equity shares aggregating up to Rs. 90.00 crores (Fresh Issue) and an offer for sale of up to 27,762,010 equity shares (Offered Shares) aggregating up to Rs. [*] crores, comprising of up to 3,751,885 equity shares aggregating up to Rs. [*] crores by Meena Bindra (the Promoter Selling Shareholder), up to 18,423,875 equity shares aggregating up to Rs. [*] crores by Highdell Investment Ltd, and up to 5,586,250 equity shares aggregating up to Rs. [*] crores by Faering Capital India Evolving Fund (collectively, the Iinvestor Selling Shareholders), and together with the promoter selling shareholder and investor selling shareholders, the Selling Shareholders and such offer for sale of equity shares by the selling shareholders, the Offer for Sale). The offer will constitute [*]% of the post-offer paid-up equity share capital.The company and Highdell, in consultation with the brlms, may consider a pre-ipo placement of up to [*] equity shares for cash consideration aggregating up to Rs. 18.00 crores, at its discretion, (pre-ipo placement). If the pre-ipo placement is completed, the fresh issue size will be reduced to the extent of such pre-ipo placement, subject to the offer complying with rule 19(2)(b) of the securities contracts (regulation) rules, 1957, as amended (scrr).The price band and the minimum bid lot will be decided by the company.

Objective of issue

Repayment and/or prepayment of certain borrowings availed by the company. General corporate purposes.

BIBA Fashion Ltd Contact Details

BIBA Fashion Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - companysecretary@bibaindia.com

Website - www.biba.in