Vedant Fashions IPO Details (Manyavar IPO)

Vedant Fashions IPO (Manyavar IPO) Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents

GMP

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

DateDetails
May 24, 2002The company was originally incorporated as “Vedant Fashions Private Limited” at Kolkata, West Bengal as a private limited company
June 1, 2002The 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, 2021The company was converted into a public limited company
August 25, 2021The 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

DescriptionMANYAVAR IPO Details
Public IssueInitial 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  Date04-Feb-22
Issue Close Date08-Feb-22
Issue TypeBook 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 InvestorRs. 2,00,000
Listing NSE, BSE
NSE SymbolMANYAVAR
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

ApplicationLotsNo of SharesAmount (Rs)
Minimum117₹ 14,722
Maximum13221₹ 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

DetailsDate
Bid / Offer Opens on04-Feb-22
Bid / Offer Closes on08-Feb-22
Finalisation of Basis of Allotment11-Feb-22
Initiation of refunds 14-Feb-22
Credit of the Equity Shares15-Feb-22
Listing Date16-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?

Check the step by step process here – Click here

How to apply in Vedant Fashions IPO through Zerodha?

Check the step by step process here – Click here

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