Biba Fashion Limited

IPO Size


Price Band


Minimum Lot Size


Face Value

`10 Per Share

Employee Discount


Retail Allocation


Issue Open Date


Issue Close Date


Listing Date


About the Company:

As per the Technopark report, Biba is one of the largest lifestyle brands in the women’s Indian wear market in India in terms of market share. Biba develops, designs, source, market, and sell a wide portfolio of Indian wear for women and girls across multiple brands, namely our flagship brand, BIBA, and our value fashion brand, Rangriti. Biba’s products are specifically tailored for the Indian consumer.


Biba’s brands are designed to cater to almost all of a woman’s Indian wear needs, ranging from casual wear, and occasionwear to office wear, and consequently, our products cater to a broad range of Indian wear consumers in India. As of December 31, 2021, we had 427 EBOs, comprising 308 BIBA-branded outlets and 119 Rangriti-branded outlets across 27 states and 160 cities in India, 930 LFSs across 29 states and 267 cities in India, and 30 MBOs. Biba is a well-established EBO network that is not only well diversified across all regions of India.

Outstanding Litigation:

S.No.  Company  Directors  Promoters
Entity Name By the Company Against the Company By the Director Against the Director By the Promoter Against the Promoter
Criminal cases 4 2 - 2 - 1
Material civil cases 1 2 - - - -
Taxation matters - - - - - -
Regulatory Proceedings - - - - - -

Financial Statements:

Income Statement(in Milllions) Dec'2021 FY21 FY20 FY19
Gross Operating Income 5,150.94 5,691.79 7,661.46 7,357.37
Cost of Employee & Inventory 655.38 713.43 1,114.33 933.43
Other Expenses 4,030.03 4,632.93 6,212.20 5,995.09
EBITDA 1120.91 1,058.86 1,449.26 1,362.29
Depreciation 576.39 833.96 809.27 716.78
Finance Cost 294.97 430.48 449.86 353.72
Profit Before Tax 251.14 -207.82 140.30 289.89
 Tax 68.73 -89.42 51.21 87.46
Profit After Tax 182.41 -118.4 89.09 202.43

Promoter of the Company

Siddharth Bindra, Meena Bindra

Peer Comparison

• TCNS Clothing company • Trent Limited • Go Fashion (India) Limited • Vedant Fashions Limited • Aditya Birla Fashion and Retail Ltd

Objectives of the Issue

Offer for Sale

The proceeds from the sale of 27,762,010 equity shares will not be received by the company.

Fresh Issue

Net proceeds from the sale of fresh shares worth Rs90cr will be utilized for the following objectives; • Repayment and /or prepayment of certain borrowings availed by our Company • General corporate purposes.

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