Hairstyle World Article for Women

Hair stylist Jawed Habib to launch 21.5 million dollar IPO soon

June 9th, 2006

By Karan Kapoor, Ludhiana :
Inspired by leading multinationals and big corporates mobilising capital from investors, India’s leading hair stylist, Jawed Habib is all set to issue his

company’s first initial public offer worth 100 crore rupees (21.5 million dollar IPO) this year. Each share would cost between 250 to 300 rupees.

Jawed informed that his company had become a public limited company and would soon become the first hairstyling company to go in for a public issue.

According to him, Habib’s is a brand in the lifestyle and hair styling industry and is equally competitive in this global era.

It is not less than industries like steel, textile, cement or any other commercial venture. “To compete in the global scenario, one must go for an IPO. India has become global now and if one need money, it is only possible through public investment. If big companies can buy multinationals, then why can’t Jawed Habib buy big brands of the world. Indian doctors and steel tycoon Mittal have become so

famous. Mittal is a steel giant. So why can’t Jawed Habib become a king of hair,” said Jawed Habib, the famed hairstylist.

Jawed further said that hairstyle industry has grown drastically over the past few years and now more men are inclined to come to beauty parlours or saloons than women.

“When my father started this business, the ratio was 95 percent female and five percent male. I think, now the ratio is 60-40. We have more males nowadays then females. Earlier, people were very shy to come to a saloon, but now the trend has changed, their thinking has changed. Now, it is like a global world and global India. Hair is a complete personality trait. You may go for the best of the facials but if hair cut is not good, then everything is useless. I think, hair cut is a base,” added Jawed.

Habib has two decades of experience in hair styling and Jawed Habib Hair and Beauty Limited is one of the largest hairstyling and beauty saloon chains in Asia with more than 60 salons and over 400 professionals in the country.

It has branches in Bangladesh, Nepal, the UK and the US as well.

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