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Vedant Fashions Limited IPO (Manyavar IPO)
Mainboard₹14,722 / 17 Shares
Vedant Fashions Limited IPO (Manyavar IPO) IPO Details
The Vedant Fashions Limited IPO (Manyavar IPO) IPO price band is set between ₹824-866 per equity share, with a face value of ₹1 per share. The issue is managed by Kfin Technologies Private Limited, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 4 Feb, 2022 and closes on 8 Feb, 2022. Investors can check the allotment status on 11 Feb, 2022, while the listing date is tentatively scheduled for 16 Feb, 2022.
The total issue size is Total Size : 3,149 Crores : Offer for Sale of 36,364,838 Eq Shares), aggregating up to . Stay tuned for the latest Vedant Fashions Limited IPO (Manyavar IPO) IPO review and GMP updates.
Vedant Fashions Limited IPO (Manyavar IPO) IPO Review, Rating & Analysis
Vedant Fashions Limited IPO (Manyavar IPO) IPO Review
NO REVIEWVedant Fashions Limited IPO (Manyavar IPO) IPO Rating
Vedant Fashions Limited IPO (Manyavar IPO) IPO Highlights
IPO Date
Feb 4, 2022 - Feb 8, 2022
Listing Date
16 Feb, 2022
Face Value
₹1 Per Equity Share
Price Band
₹824-866 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
Vedant Fashions Limited IPO (Manyavar IPO) IPO Lot Size
The minimum market lot for Vedant Fashions Limited IPO (Manyavar IPO) IPO is 17 shares with an application amount of ₹14,722. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 17 | ₹14,722 |
| Retail (Max) | 13 | 221 | ₹1,91,386 |
| S-HNI (Min) | 14 | 238 | ₹2,06,108 |
| S-HNI (Max) | 67 | 1139 | ₹9,86,374 |
| B-HNI (Min) | 68 | 1156 | ₹10,01,096 |
Vedant Fashions Limited IPO (Manyavar IPO) IPO Timeline
Issue Price
₹824-866 per equity shareFace Value
₹1 Per Equity ShareListing at Group
BSE, NSERegistrar
Kfin Technologies Private LimitedLead Manager
Axis Capital Limited, Edelweiss Financial Services Limited, ICICI Securities Limited, IIFL Securities Limited, and Kotak Mahindra Capital Company LimitedIssue Size
Total Size : 3,149 Crores : Offer for Sale of 36,364,838 Eq Shares)Vedant Fashions Limited IPO (Manyavar IPO) IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Sep 21 | 1445.50 | 387.29 | 98.40 | - | - | - |
| 31 Mar 21 | 1625.65 | 625.01 | 132.90 | - | - | - |
| 31 Mar 20 | 1591.55 | 947.97 | 236.63 | - | - | - |
| 31 Mar 19 | 1318.50 | 819.79 | 176.42 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Ravi Modi
- Shilpi Modi
- Ravi Modi Family Trust
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 92.40%% | 77.42% |
About Company
Vedant Fashions Limited caters to the Indian celebration wear market with a diverse portfolio of brands. The company offers a one-stop destination with a wide-spectrum of product offerings for every celebratory occasion to its customers.
The company's brands include (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 company operates its business through franchise-owned exclusive brand outlets (EBOs), with the remaining by multi-brand outlets (MBOs), large format stores (LFSs), and online platforms, including its website (www.manyavar.com) and mobile application.
As of June 30, 2021, the company had a retail footprint of 1.1 Mn sq. ft covering 525 EBOs (including 55 shop-in-shops) spanning 207 cities and towns in India, and 12 EBOs overseas across the United States, Canada, and the UAE.
Vedant Fashions Limited IPO (Manyavar IPO) IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 72,72,968 | 54,54,726 | 127,27,694 | 254,55,388 |
Day 1 -04-02-22 05:00 PM | 0.06 x | 0.06 | 0.22 x | 0.14 x |
Day 2 -07-02-22 05:00 PM | 0.11 x | 0.08 | 0.32 x | 0.21 x |
Day 3 -08-02-22 05:00 PM | 7.50 x | 1.07 | 0.40 x | 2.57 x |
0.34 times
Frequently Asked Questions about Vedant Fashions Limited IPO (Manyavar IPO) IPO
When will Vedant Fashions Limited IPO (Manyavar IPO) IPO open for subscription?
The Vedant Fashions Limited IPO (Manyavar IPO) IPO opens on 4 Feb, 2022 and closes on 8 Feb, 2022.
What is the investors portion for Vedant Fashions Limited IPO (Manyavar IPO) IPO?
The investors' portion for QIB is 7.50 x, NII is 1.07, and Retail is 0.40 x.
How to apply for Vedant Fashions Limited IPO (Manyavar IPO) IPO?
You can apply for Vedant Fashions Limited IPO (Manyavar IPO) IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Vedant Fashions Limited IPO (Manyavar IPO) IPO?
The issue size of Vedant Fashions Limited IPO (Manyavar IPO) IPO is approx ₹Total Size : 3,149 Crores : Offer for Sale of 36,364,838 Eq Shares) crores.
What is the price band of Vedant Fashions Limited IPO (Manyavar IPO) IPO?
The price band for Vedant Fashions Limited IPO (Manyavar IPO) IPO is ₹824 to ₹866 per equity share.
What is the lot size of Vedant Fashions Limited IPO (Manyavar IPO) IPO?
The minimum bid (lot size) for Vedant Fashions Limited IPO (Manyavar IPO) IPO is N/A shares with an investment of approx ₹14,722 .
What is the allotment date of Vedant Fashions Limited IPO (Manyavar IPO) IPO?
The allotment date for Vedant Fashions Limited IPO (Manyavar IPO) IPO is 11 Feb, 2022.
What is the listing date of Vedant Fashions Limited IPO (Manyavar IPO) IPO?
The listing date for Vedant Fashions Limited IPO (Manyavar IPO) IPO is expected to be 16 Feb, 2022.
What is the GMP of Vedant Fashions Limited IPO (Manyavar IPO) IPO?
The latest Grey Market Premium (GMP) for Vedant Fashions Limited IPO (Manyavar IPO) IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.