At least 75% of the net offer shall be allotted to qualified institutional buyers on a proportionate basis, the draft prospectus said.
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Up to 60% of the QIB category will be allocated to anchor investors on a discretionary basis, of which one-third shall be reserved for domestic mutual funds.
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5% of the QIB portion (excluding the anchor investor portion) shall be available for allocation on a proportionate basis to mutual funds only.
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The remainder of the QIB category shall be available for allocation on a proportionate basis to all QIBs (other than anchor investors), including mutual funds.
The portions reserved for non-institutional and retail institutional bidders are up to 15% and 10% of the net offer, respectively.
FabIndia has a pan-India network of 309 Fabindia stores and experience centres, 74 ‘Organic India’ stores and a network of retail touchpoints for Organic India, including general trade stores, modern trade stores and chemists, as on Sept. 30, the DRHP said.
The company’s total comprehensive loss was at Rs 114.1 crore and Rs 56.9 crore in the fiscal ended March 2021 and in the six months through September, respectively.
ICICI Securities Ltd., Credit Suisse Securities (India) Pvt., JPMorgan India Pvt., Nomura Financial Advisory and Securities (India) Pvt., SBI Capital Markets Ltd. and Equirus Capital Pvt. are the book-running lead managers to the issue.