Vedant Fashions IPO (Manyavar IPO) Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents
- About Vedant Fashions
- Important Details – Vedant Fashions
- Objects of the Issue
- Vedant Fashions Limited Financials:
- Vedant Fashions IPO Price – Details
- Vedant Fashions IPO DRHP & RHP
- Vedant Fashions IPO Lot Size
- Vedant IPO Lead Managers
- Vedant IPO Registrar
- Vedant IPO Allotment Date, Listing Date and other Important Dates
- Company Peers – Comparison of Accounting Ratios
- Company Registered and Corporate Office
- Company Promoters
- Vedant Fashions IPO – FAQS
About Vedant Fashions
Vedant Fashions Limited is the largest company in India in the men’s Indian wedding and celebration wear segment in terms of revenue, OPBDIT and profit after tax for the Financial Year 2020. According to CRISIL, the ‘Manyavar’ brand is a category leader in the branded Indian wedding and celebration wear market with a pan-India presence, as of Financial Year 2020.
Vedant Fashions Limited has established a multi-channel network and introduced brands by identifying gaps in the under-served and high-growth Indian wedding and celebration wear category. Vedant Fashions focus on spreading India’s vibrant culture, traditions and heritage through the aspirational yet value for money brands at a diverse range of price points. Vedant Fashions offer a one-stop destination with a wide-spectrum of product offerings for every celebratory occasion and aim to deliver an aristocratic yet seamless purchase experience to the customers through the aesthetic franchisee-owned exclusive brand stores.
Important Details – Vedant Fashions
| Date | Details |
|---|---|
| May 24, 2002 | The company was originally incorporated as “Vedant Fashions Private Limited” at Kolkata, West Bengal as a private limited company |
| June 1, 2002 | The business of a proprietorship firm by the name of “M/s Vedant Creation”, which was being carried out by one of the individual Promoters namely Ravi Modi, was transferred to the company as a going concern. |
| July 16, 2021 | The company was converted into a public limited company |
| August 25, 2021 | The name of the company was changed to “Vedant Fashions Limited” |
Objects of the Issue
- achieve the benefits of listing the Equity Shares on the Stock Exchanges; and
- carry out the Offer for Sale of up to 36,364,838 Equity Shares by the Selling Shareholders.
Vedant Fashions Limited Financials:
Summary of financial Information (Restated Consolidated Statement)
| Particulars | For the year ended (₹ in millions) | ||
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 16,256.53 | 15,915.53 | 13,185.07 |
| Total income | 6,250.19 | 9,479.76 | 8,197.99 |
| Total Expenses | 4,431.02 | 6,361.35 | 5,488.61 |
| Profit After Tax | 1,329.03 | 2,366.37 | 1,764.27 |
Vedant Fashions IPO Price – Details
| Description | MANYAVAR IPO Details |
|---|---|
| Public Issue | Initial Public Issue of upto 36,364,838 equity shares of ₹ 1 (aggregating up to ₹ 3,149.19 Cr) comprising of an Offer for Sale of up to 3,63,64,838 Equity Shares (aggregating up to ₹ 3,149.19 Cr) |
| Issue Open Date | 04-Feb-22 |
| Issue Close Date | 08-Feb-22 |
| Issue Type | Book Building |
| IPO Price Band | ₹ 824 – ₹ 866 |
| Face Value | ₹ 1 |
| Market Lot | 17 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 17 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | NSE, BSE |
| NSE Symbol | MANYAVAR |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Vedant Fashions IPO DRHP & RHP
Vedant Fashions IPO DRHP
Vedant Fashions IPO RHP
Vedant Fashions IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 17 | ₹ 14,722 |
| Maximum | 13 | 221 | ₹ 1,91,386 |
Vedant IPO Lead Managers
- Axis Capital Limited
- Edelweiss Financial Services Ltd
- ICICI Securities Limited
- IIFL Securities Ltd
- Kotak Mahindra Capital Company Limited
Vedant IPO Registrar
Vedant IPO Allotment Date, Listing Date and other Important Dates
| Details | Date |
|---|---|
| Bid / Offer Opens on | 04-Feb-22 |
| Bid / Offer Closes on | 08-Feb-22 |
| Finalisation of Basis of Allotment | 11-Feb-22 |
| Initiation of refunds | 14-Feb-22 |
| Credit of the Equity Shares | 15-Feb-22 |
| Listing Date | 16-Feb-22 |
Company Peers – Comparison of Accounting Ratios
There are no listed companies in India that engage in a business similar to that of the Company. Accordingly, it is not possible to provide an industry comparison in relation to the Company.
Company Registered and Corporate Office
Paridhan Garment Park, 19,
Canal South Road, SDF-1,
4th Floor, A501-502,
Kolkata 700 015,
West Bengal, India
Website: www.vedantfashions.com
Company Promoters
- Ravi Modi
- Shilpi Modi
- Ravi Modi Family Trust
Vedant Fashions IPO – FAQS
What is the Manyavar IPO Price?
The Manyavar IPO price band is ₹ 824 – ₹ 866 per share
When Vedant IPO will open?
The Vedant Fashions IPO opens on Feb 04, 2022 and closes on Feb 08, 2022
What is the lot size of Vedant Fashions IPO?
The Vedant Fashions IPO lot size is 17 Equity Shares and the minimum order quantity is 17 Equity Shares
Who is the Registrar for Vedant Fashions IPO?
The Registrar for Vedant Fashions IPO is KFin Technologies Private Limited
How to apply in Vedant Fashions IPO through UPI?
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How to apply in Vedant Fashions IPO through Zerodha?
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