Pakistan’s Fashion Brand Khaadi Plans IPO Next Month
Khaadi Pakistan Ltd., a fashion retail company, is planning an initial public offering next month to fund its outlet expansion plan.
Khaadi Pakistan Ltd., a fashion retailer, is set to launch an initial public offering (IPO) next month, according to a report by Bloomberg. The company aims to raise between Rs6.2 billion and Rs8.3 billion through the IPO, which will be used to bolster its retail outlet network. Khaadi is a subsidiary of Weaves Corp., with the International Finance Corporation, a World Bank Group member, holding a minority stake.
The brand primarily operates in Pakistan but also has a presence in the UAE, the UK, and the US. Arif Habib Ltd. is handling the transaction's financial advisory. In May 2024, Khaadi was recognized as Retail Brand of the Year at the Hum Style Awards. The Pakistan capital market is currently experiencing robust growth, as evidenced by recent successful listings on the Pakistan Stock Exchange (PSX), which have delivered impressive returns and bolstered investor confidence.
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- Fashion brand Khaadi plans IPO next month: report brecorder.com
