Vedant Fashions (Manyavar) IPO Price, GMP, Review, Apply

Vedant Fashions

Vedant Fashions Limited IPO (Vedant Fashions IPO) Details Prices and Time Table

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).

Application Lots Shares Amount (Cut-off)
Minimum 1 17 ₹14,722
Maximum 13 221 ₹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


Vedant Fashions (Manyavar) Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Millions)
  30-Sep-21 31-Mar-21 31-Mar-20
Total Assets 14,455.03 16,256.53 15,915.53
Total Revenue 3,872.90 6,250.19 9,479.76
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 ( 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)

Not available

Vedant Fashions (Manyavar) IPO Lead Manager(s)

  1. Axis Capital Limited
  2. Edelweiss Financial Services Ltd
  3. ICICI Securities Limited
  4. IIFL Securities Ltd
  5. 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.

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