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 | |
| UPCOMING IPO | UPCOMING DIVIDEND |
| UPCOMING BUYBACK | Latest IPO Subscription Status |
| Latest IPO Grey Market Premium | ? Best Stocks for 2022 |
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
| 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.
- How to Apply Vedant Fashions IPO Through ASBA?
- How to Apply Vedant Fashions IPO through Zerodha?
- How to Apply Vedant Fashions IPO through SBI Net Banking?
- How to Apply Vedant Fashions IPO through HDFC Netbanking?
- ➡️How To Apply Vedant Fashions IPO in Axis Bank Net banking?
- ➡️How To Apply Vedant Fashions IPO in Kotak Bank Net banking?
- ➡️How To Apply Vedant Fashions IPO With Angel Broking?
Check Vedant Fashions IPO Allotment Here:
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 |
|
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 Website: https://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 |
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