VEDANT FASHIONS IPO Date, Review, Price Band, Issue Open & Market Lot Details

Vedant Fashions IPO Date, Review, Price Bands, Market Lot, Vedant Fashions IPO Important Dates, Market Lot, Listing Date & Time Details

Vedant Fashions Limited is one of the leaders in the men’s Indian wedding and celebration market across pan India. The product range includes men’s ethnic and celebration wear items such as Indo-western, kurtas, sherwanis, jackets and accessories such as jutti, safa, mala, and women’s ethnic and celebration wear items such as lehengas, sarees, stitched suits, gowns, and Kurtis. They have a good presence in India and overseas.

Vedant Fashions IPO is a main-board IPO of 36,354,838 equity shares of the face value of ₹1 aggregating up to ₹3,149 Crores. The issue is priced at ₹824 to ₹866 per equity share. The minimum order quantity is 17 Shares. The IPO opens on 04 Feb 2022 and closes on 08 Feb 2022.

Kfin Technologies Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE. Half of the offer is reserved for qualified institutional buyers (including anchor investors), 15 percent for non-institutional investors, and the remaining 35 percent for retail investors.

Kotak Mahindra Capital Company, Axis Capital, Edelweiss Financial Services, IIFL Securities, and ICICI Securities are the book running lead managers to the issue.

About Vedant Fashions Limited

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 September 30, 2021, the company had a retail footprint of 1.2 Mn sq. ft covering 535 EBOs (including 55 shop-in-shops) spanning 212 cities and towns in India, and 11 EBOs overseas across the United States, Canada, and the UAE.

Vedant Fashions IPO Details:

Issuer Vedant Fashions Limited
Issue Type Book Built Issue IPO
Issue Type Book Built Issue IPO
Issue Period Issue Opens: Feb 04, 2022
Issue Closes: Feb 08, 2022
Price Brand ₹824 to ₹866 Per Share
Issue Size ₹3,149 Crores
Face Value Rs.1 per Equity Share
Market Lot 17 Shares
Maximum Bid amount for Retail ₹191,386
QIB 50% of the issue size
NIB 15% of the issue size
Retail Individual Bidders 35% of the issue size
Listing at NSE & BSE
Apply With Upstox Free DEMAT Account
Equity 36,354,838 Shares
Grey Market Price Vedant Fashions IPO GMP

LIST OF UPCOMING IPO 2022

UPCOMING IPO IN FEBRUARY 2022

Vedant Fashions IPO Dates & Price Band

 IPO Open: Feb 04, 2022
 IPO Close: Feb 08, 2022
 IPO Size: ₹3,149 Crores
 Face Value: ₹1 Per Equity Share
 Price Band: ₹ 824 to ₹866
 Listing on: BSE & NSE
 Retail Portion: 35%
Total IPO size Equity Shares

Vedant Fashions IPO Market Lot:

 Lot Size:  Minimum 17 Shares & Maximum 221 Shares
 Minimum Amount: ₹14,722
 Maximum Amount: ₹191,386

Vedant Fashions IPO Allotment & Listing Dates:

 Basis of Allotment: Feb 11, 2022
 Refunds: Feb 14, 2022
 Credit to Demat Account: Feb 15, 2022
 Listing Date: Feb 16, 2022

Company Promoters:

  • Ravi Modi, Shilpi Modi and Ravi Modi Family Trust are the company promoters.

Vedant Fashions Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in million)
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

Objects of the Issue:

The IPO aims to utilize the net proceed for the following objectives;

  • To achieve the benefits of listing the equity shares on the stock exchanges; and
  • To carry out the Offer for Sale of up to 36,364,838 equity shares by the selling shareholders

Competitive strengths

  • Market leader in the Indian celebration wear market
  • Large and growing Indian wedding and celebration wear market
  • Omni-channel network of seamlessly integrated business
  • Technology-based strong supply chain and inventory systems
  • The experienced and professional leadership team

How to Apply for Vedant Fashions IPO?

If you have a Demat account, most banks offer online IPO applications. You can also contact the broker to apply for Vedant Fashions IPO? Most banks including the SBI bank, ICICI Bank, Axis, and Kotak bank allow the customer to apply for an IPO using the Demat account.

Check Vedant Fashions IPO Allotment Here: OR Log on to https://ris.kfintech.com/ipostatus/

Note: Vedant Fashions IPO Allotment Status will be available whenever the Registrar of IPO will put on their official sites.

 # Option 1: BSE Website:

  • Go to BSE Website
  • Check box “Equity”
  • Select IPO Name “Vedant Fashions”
  • Type Your Application Number
  • Type Your Pan Number

# Option 2: KFin Website:

  • Go to Kfin Website
  • Select IPO Name “Vedant Fashion”
  • Select Option from PAN Number, Application Number, or Demat Account Number
  • As per selection add PAN Number, Application Number, or Demat Account Number

# Option 3: in Your Demat Account:

  • Call Your Broker or Login to Your Demat Account / Trading Account
  • Check the stock is credited to your account or not

# Option 4:  in Your Bank Account:

  • Login to your Bank Account
  • Check the amount is debited or released

How to Sell Vedant Fashions IPO Shares on Listing Day?

Vedant Fashions IPO Listing Day Kya kre?

Vedant Fashions IPO Lead Managers

Lead Managers
  • Axis Capital Ltd
  • IIFL Securities Ltd
  • Edelweiss Financial Services Ltd
  • Kotak Mahindra Capital Company Ltd
  • ICICI Securities Ltd

Vedant Fashions IPO Registrar to Offer

Vedant Fashions IPO Registrar
KFin Technologies Private Limited
Selenium Tower B, Plot 31 & 32, Gachibowli Financial Dist, Serilingampally
500 032 Hyderabad, India
Phone: +91-40-6716 2222
Email: manyavar.ipo@kfintech.com
Websitehttps://kfintech.co.in/
Company Contact Info:
Vedant Fashions Limited
Paridhan Garment Park 19,
Canal South Road SDF-1, 4th Floor, A501-502
Kolkata 700 015, West Bengal, IndiaContact Person:Navin Pareek , Company Secretary and Compliance

Phone: +91-33-61255495
Email: complianceofficer@manyavar.com
Websitehttps://www.vedantfashions.com/

What is IPO? आईपीओ क्या हैं? आईपीओ का फुल फॉर्म क्या है?

Final Words

Dear readers, I hope that the above information about “Vedant Fashions IPO” has been of great use. If you find the above information useful please share it with others via Facebook and Twitter. You can check more investment researched videos on our YouTube Channel.

SUBSCRIBE YOUTUBE CHANNEL JOIN TELEGRAM CHANNEL for LATEST UPDATES

It is important to be financially literate to make a well-informed investment decision. Stay tuned for more updates. Like, share and subscribe. Drop your comment, queries or feedback in the given below comment box. We would love to hear from you. Thanks and have a nice day.

LEAVE A REPLY

Please enter your comment!
Please enter your name here