Vedant Fashions Limited IPO

Vedant Fashion IPO...

Catering to the Indian celebration and wedding wear market, Vedant Fashions Ltd. is one of the leading companies with a wide range of brands in its portfolio. These include category-leader ‘Manyavar’, ‘Mebaz’, ‘Twamev’, ‘Mohey’, and ‘Manthan’. The company has a pan India presence with an extensive product range comprising men’s ethnic wear items such as kurtas, sherwanis, jackets, safa, jutti, and mala.

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 Limited IPO Timetable

ParticularDate
IPO Open Date04 Feb 2022
IPO Close Date08 Feb 2022
Allotment Date12 Feb 2022
IPO Listing Date16 Feb 2022

Vedant Fashions Limited IPO Details

Issue TypeBook Built Issue IPO
Face ValueRs. 1 Per Equity Share
IPO PriceRs. 824 to Rs. 866 Per Equity Share
Market Lot17 Share
NSE SymbolMANYAVAR
BSE SymbolMANYAVAR
ISIN Code
Listing AtNSE & BSE
Issue SizeApprox. Rs. 3149 Crore.

Vedant Fashions Limited IPO Lot Size

ApplicationLotsSharesAmount
Minimum117Rs. 14722
Maximum13221Rs. 191386

Vedant Fashions Limited IPO Allotment Status

Click Here To Check IPO Allotment Status Vedant Fashions Limited IPO

Click Here To Get ASBA Forms Vedant Fashions Limited IPO

Company Financials:

Particular31 Sep 202131 March 202131 March 2020
Total Assets14455.0316256.5315915.53
Total Revenue3872.906250.199479.76
Profit After Tax984.071329.032366.37

For the year/period ended (₹ in million)

Company Promoters:

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

Objects of this Issue:

The IPO aims to utilize the net proceed towards the following purposes;

  • 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.

Registrar & Company Details

Company Contact InformationIPO Registrar
Vedant Fashions Limited

Paridhan Garment Park, 19,
SDF-1, 4th Floor, A501-502,
Kolkata 700 015, West Bengal, India
Phone: +91 33 6125 5495
Email: complianceofficer@manyavar.com
Website: https://www.vedantfashions.com/
KFintech Private Limited




Phone: 04067162222, 04079611000
Email: manyavar.ipo@kfintech.com
Website: https://karisma.kfintech.com

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