Vedant Fashions Limited IPO (Vedant Fashions IPO) Details Prices and Time Table
- 1 Vedant Fashions (Manyavar) IPO Details
- 2 Vedant Fashions (Manyavar) IPO Lot Size
- 3 Vedant Fashions (Manyavar) IPO Launching?
- 4 Vedant Fashions (Manyavar) IPO Tentative Timetable
- 5 Vedant Fashions (Manyavar) IPO Promoter Holding
- 6 Vedant Fashions (Manyavar) Board of Directors
- 7 Vedant Fashions (Manyavar) Company Financials
- 8 About Vedant Fashions (Manyavar)
- 9 Vedant Fashions (Manyavar) Company Contact Information:
- 10 Vedant Fashions (Manyavar) IPO Gray Market Price (GMP)
- 11 Vedant Fashions (Manyavar) IPO Lead Manager(s)
- 12 Vedant Fashions (Manyavar) IPO Review:
Vedant Fashions (Manyavar) IPO Details
|IPO Opening Date||Feb 4, 2022|
|IPO Closing Date||Feb 8, 2022|
|Issue Type||Book Built Issue IPO|
|Face Value||₹1 per equity share|
|IPO Price||₹824 to ₹866 per equity share|
|Market Lot||17 Shares|
|Min Order Quantity||17 Shares|
|Listing At||BSE, NSE|
|Issue Size||36,364,838 Eq Shares of ₹1
(aggregating up to ₹3,149.19 Cr)
|Offer for Sale||36,364,838 Eq Shares of ₹1
(aggregating up to ₹3,149.19 Cr)
|QIB Shares Offered||Not more than 50% of the offer|
|Retail Shares Offered||Not less than 35% of the offer|
|NII (HNI) Shares Offered||Not less than 15% of the offer|
Vedant Fashions (Manyavar) IPO Lot Size
The Manyavar IPO market lot size is 17 shares. A retail-individual investor can apply for up to 13 lots (221 shares or ₹191,386).
Vedant Fashions (Manyavar) IPO Launching?
The initial public offering (IPO) of Vedant Fashions Ltd, which owns ethnic wear brand Manyavar, will open on February 4.
Vedant Fashions (Manyavar) IPO Tentative Timetable
The Vedant Fashions IPO open date is Feb 4, 2022, and the close date is Feb 8, 2022. The issue may list on Feb 16, 2022.
|IPO Open Date||Feb 4, 2022|
|IPO Close Date||Feb 8, 2022|
|Basis of Allotment Date||Feb 11, 2022|
|Initiation of Refunds||Feb 14, 2022|
|Credit of Shares to Demat Account||Feb 15, 2022|
|IPO Listing Date||Feb 16, 2022|
Vedant Fashions (Manyavar) IPO Promoter Holding
Ravi Modi, Shilpi Modi, and Ravi Modi Family Trust are the company promoters.
|Pre Issue Share Holding||92.40%|
|Post Issue Share Holding|
Vedant Fashions (Manyavar) Board of Directors
Current board members & directors are SUNISH SHARMA, USHA DEVI MODI, RAVI MODI, SHILPI MODI, SANJEEV AGA, and AJAY MODI.
Vedant Fashions (Manyavar) Company Financials
|Summary of financial Information (Restated Consolidated)|
|Particulars||For the year/period ended (₹ in Millions)|
|Profit After Tax||984.07||1,329.03||2,366.37|
About Vedant Fashions (Manyavar)
Vedant Fashions Limited takes into account the Indian celebration wear market with a diverse portfolio of brands. The organization offers a one-stop objective with a wide range of product contributions for every celebratory occasion to its clients.
The organization’s brands incorporate (I) Manyavar, (ii) Mohey, (iii) Mebaz, (iv) Manthan, and (v) Twamev. Vedant Fashions was the largest 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.
The organization works its business through franchise-owned exclusive brand outlets (EBOs), with the leftover by multi-brand outlets (MBOs), large format stores (LFSs), and online platforms, including its website (www.manyavar.com) and mobile application.
As of September 30, 2021, the organization had a retail footprint of 1.2 Mn sq. ft covering 535 EBOs (remembering 55 shop-for shops) traversing 212 urban communities and towns in India, and 11 EBOs overseas across the United States, Canada, and the UAE.
Vedant Fashions (Manyavar) Company Contact Information:
Vedant Fashions Limited
Paridhan Garment Park, 19,
SDF-1, 4th Floor, A501-502,
Kolkata 700 015, West Bengal, India
Phone: +91 33 6125 5495
Vedant Fashions (Manyavar) IPO Gray Market Price (GMP)
Vedant Fashions (Manyavar) IPO Lead Manager(s)
- Axis Capital Limited
- Edelweiss Financial Services Ltd
- ICICI Securities Limited
- IIFL Securities Ltd
- Kotak Mahindra Capital Company Limited
Vedant Fashions (Manyavar) IPO Review:
The Company Financials Looks Decent With Strong Customer Base in Retail and an Old Player in the Market. Looks like it’s going to be a hit.
More Articles: Financial Solving