As per Reuters report, India-based ethnic wear retailer Libas is preparing for an Initial Public Offering (IPO), with a tentative timeline set for early next financial year. The plan remains subject to market conditions, which have been unsettled in recent months.
Pressure on equities has come from foreign investor outflows, tariff concerns, and global uncertainty. The company said that if tensions linked to the U.S.-Iran conflict persist, the listing could be postponed by a few months.
The company is increasing its store network alongside its listing plans. It currently operates about 50 outlets across more than 15 cities in India.
Libas plans to add at least 70 stores each year over the next 2 years. This would take its total store count to more than 200, indicating a focus on expanding physical presence.
Revenue has grown at an annual rate of 30% to 35% in recent years. For the financial year ended March 31, revenue is estimated to have exceeded ₹7 billion, up around 30% compared with the previous year.
The company raised ₹1.5 billion in 2024. It is also considering a private equity round, although further details have not been disclosed.
Input costs, including raw materials and freight, have increased. The company has so far absorbed these costs instead of passing them on to customers.
It has indicated that price increases may be considered if cost pressures continue for an extended period.
Libas is planning to enter international markets, including the United Arab Emirates and the United States, within the next 1 to 2 years. The timing remains uncertain due to developments in West Asia.
The company operates in the ethnic wear segment alongside brands such as Biba and Aurelia.
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Libas is proceeding with store expansion and listing preparations amid uncertain market conditions. Timelines for both remain subject to external factors.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Apr 16, 2026, 1:07 PM IST
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