The largest an Indian wedding and celebration wear segment company Vedant Fashions IPO Or Manyavar IPO will open on 04 February 2022 and close on 08 February 2022. The company wants to raise ₹3149.19 crore through this IPO. The IPO will have a fresh issue of ₹- crore and an offer for sale of ₹3149.19 crore. The company fixed the price band of this IPO at ₹824 to ₹866 Per Share. The company has reserved 50% for QIB, 35% for retail and 15% for NII in this IPO. You can check here to know Vedant Fashions IPO GMP and Vedant Fashions IPO subscription status here.
Vedant Fashions is the largest company in India in the men’s Indian wedding and celebration wear segment products include men’s ethnic and celebration wear items such as Indo-western, sherwanis, kurtas, 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. The path for a happier family, the brand introduced Mohey, Indian wedding and celebration wear for women, in 2015 and acquired one of the biggest fashion brands in southern India, Mebaz, in 2018, a one-stop heritage brand catering to the entire family, with an established presence in the states of Andhra Pradesh and Telangana.
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The Company established a multi-channel network and introduced brands by identifying gaps in the under-served and high-growth Indian wedding and celebration wear category. The company’s brands include Manyavar, Mohey, Mebaz, Manthan, and Twamev. The Company ‘Manyavar’ brand is a category leader in the branded Indian wedding and celebration wear market with a panIndia presence, as of Financial Year 2020. The Manyavar’s reputation across the world with a commanding retail presence of 600+ stores in over 200 cities and in 3 countries with 11 international stores in U.A.E & U.S.A.
Vedant Fashions IPO Review :
■ Apply For Long Term
Vedant Fashions IPO Date & Price Band & Details :
| IPO Open : | 04 February 2022 |
| IPO Close : | 08 February 2022 |
| IPO Size : | ₹3149.19. Cr |
| Face Value : | ₹1 . Equity Share |
| Price Band : | ₹824– ₹866 Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹3149.19. Cr |
| Fresh Issue : | ₹. Cr |
| Offer For Sale : | ₹3149.19. Cr |
Vedant Fashions IPO Market Lot :
Vedant Fashions IPO Minimum Market lot is 1 Lot with 17 shares with ₹14,722 Application amount. The retail investors can apply up to 12 lots with 221 Shares or ₹191,386 amounts.
| Minimum Lot Size : | 1 Lot |
| Minimum Share : | 17 Shares |
| Minimum Amount : | ₹14,722 |
| Maximum Lot Size : | 12 Lot |
| Maximum shares : | 221 Shares |
| Maximum Amount : | ₹191,386 |
Vedant Fashions IPO Shares Offer :
A Total of 36,364,838 shares are to be bid for the public issue by Vedant Fashions IPO with – for Fresh issue and 36,364,838 for offer for sale Shares.
| Category | Shares Offers | Amount |
| Fresh issue : | – | ₹– |
| Offer For Sale : | 36,364,838 | ₹3149.19 Cr |
| Total : | 36,364,838 | ₹3149,19 Cr |
Vedant Fashions IPO Reservation :
Vedant Fashions IPO Total Reservation of 36,364,838 shares are to be bid for the public issue by Vedant Fashions IPO with 18,182,419 for QIB and 5,454,726 for NII 12,727,693 For RII & – Shares EMP.
| Category | Reservation | Shares | Amount |
| QIB : | 50% | 18,182,419 | ₹1574.60 Cr |
| NII : | 15% | 5,454,726 | ₹472.37 Cr |
| RII : | 35% | 12,727,693 | ₹1102.21 Cr |
| EMP : | – % | – | ₹– |
| Total : | 100% | 36,364,838 | ₹3149.19 Cr |
Vedant Fashions IPO EPS :
The Vedant Fashions company’s EPS growth is Increasing in every year, which is shown to you in the table here.
| Year | EPS Growth in (Rs.) |
| 2022-6M | ₹4.01 |
| 2021 | ₹5.36 |
| 2020 | ₹9.45 |
| 2019 | ₹7.04 |
Vedant Fashions IPO Peer Comparison PE :
The Vedant Fashions, According to DRHP of the company There are no listed companies in India that engage in a business similar to that of our Company is listed whose PE Multiple is shown in this table.
| Sr. No. | Company | PE Ratio |
| 1. | There are no listed companies in India that engage in a business | – |
Vedant Fashions IPO Dates :
Vedant Fashions IPO Date is 04 February and the close date is 08 February 2022. The allotment will be finalized on 11 February 2022 and the IPO may list on 16 February 2022.
| Open Date : | 04 February 2022 |
| Close Date : | 08 February 2022 |
| Allotment Date : | 11 February 2022 |
| Refund Date : | 14 February 2022 |
| Share Credit Date : | 15 February 2022 |
| Listing Date : | 16 February 2022 |
Vedant Fashions IPO Form :
There are two ways to apply in Vedant Fashions IPO. You can apply for Vedant Fashions IPO through ASBA available in your bank account. You have to go to your online bank login and select Vedant Fashions IPO in the Invest section and apply through your bank account. Another option is you can apply for Vedant Fashions IPO through IPO form download through NSE and BSE. See the Vedant Fashions IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.
Vedant Fashions Company Financial Report (millions) :
| Year | Revenue | Expense | PAT |
| 2022-3M | ₹3,872.90 | ₹2,548.19 | ₹984.07 |
| 2022 | ₹6,250.19 | ₹4,431.02 | ₹1,329.03 |
| 2020 | ₹9,479.76 | ₹6,361.35 | ₹2,366.37 |
| 2019 | ₹8,197.99 | ₹5,488.61 | ₹1,764.27 |
About Vedant Fashions Company
Vedant Fashions is the largest company 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 (Source: CRISIL Report). According to CRISIL, our ‘Manyavar’ brand is a category leader in the branded Indian wedding and celebration wear market with a panIndia presence, as of Financial Year 2020. We have established a multi-channel network and introduced brands by identifying gaps in the under-served and high-growth Indian wedding and celebration wear category (Source: CRISIL Report).
We focus on spreading India’s vibrant culture, traditions and heritage through our aspirational yet value for money brands at a diverse range of price points. We offer a one-stop destination with a wide-spectrum of product offerings for every celebratory occasion and aim to deliver an aristocratic yet seamless purchase experience to our customers through our aesthetic franchisee-owned exclusive brand stores.
The Company leadership position in the organized Indian wedding and celebration wear market and establishing our dominance in the premium and value segments of the men’s Indian wedding and celebration wear market through our brands, Twamev and Manthan, respectively, and in the women’s Indian wedding and celebration wear market through our brand, Mohey, launched in 2015. Through our diverse portfolio of leading and differentiated brands, including our acquisition of Mebaz in financial year 2018, a regional legacy brand catering to the entire family with a rich heritage and established presence in the states of Andhra Pradesh and Telangana.
Our Company Strengths
- Market leader in the Indian celebration wear market with a diverse portfolio of brands catering to the aspirations of the entire family.
- Large and growing Indian wedding and celebration wear market driven by an increased spending on such wear.
- Differentiated business model combining the strengths of retailing with branded consumer play.
- Omni-channel network with the seamless integration of our online and offline channels.
- Technology-based strong supply chain and inventory replenishment systems driven by system-wide data analytics, strong processes and longstanding vendor relationships.
- Experienced and professional founder-led leadership team
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Company Promoters :
■ Ravi Modi
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
Vedant Fashions IPO Lead Managers :
■ Axis Capital Limited
■ ICICI Securities Limited
■ Edelweiss Financial Services Limited
■ IIFL Securities Limited
■ Kotak Mahindra Capital Company Limited
Vedant Fashions IPO Registrar :
Kfin Technologies Private Limited
Selenium Tower B
Plot 31 & 32, Gachibowli
Financial District, Nanakramguda
Serilingampally, Hyderabad 500 032
Telangana, India
Telephone: +91 40 6716 2222
Email: [email protected]
Website: www.kfintech.com.com
Note: Check Vedant Fashions IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
Vedant Fashions Limited
Paridhan Garment Park
19, Canal South Road, SDF-1, 4th Floor
A501-502 Kolkata 700 015
West Bengal, India
Telephone: +91 33 6125 5495
Email: [email protected]
Website: https://www.vedantfashions.com
Vedant Fashions IPO FAQs :
What is Vedant Fashions IPO?
Vedant Fashions IPO is Mainboard IPO. They are going to raise ₹3149.19. Crores via IPO. The issue is priced at ₹824-₹866 per equity share. The IPO is to be listed on NSE, BSE.
When Vedant Fashions IPO will open?
The IPO is to open on 04 Feb 2022 – 08 Feb 2022 for QIB, NII & RII.
What is Vedant Fashions IPO Size?
Vedant Fashions IPO size is ₹3149.19 Crores.
What is the Fresh issue size of Vedant Fashions IPO?
The Fresh issue size of Vedant Fashions IPO ₹- Cr.
What is the Offer For Sale size of Vedant Fashions IPO?
The Offer For Sale size of Vedant Fashions IPO ₹3149.19 Cr.
What is Vedant Fashions IPO Price Band?
Vedant Fashions IPO Price Band is ₹824-₹866 Per share.
What is Vedant Fashions IPO Minimum and Maximum Lot Size?
The minimum bid is 1 Lot, 17 Shares with ₹14,722 amount while the maximum bid is 13 Lot, 221 shares with ₹191,386.
What is Vedant Fashions IPO Investors Portion?
The investors’ portion for QIB 50%, NII 15%, RII 35%.
What is Vedant Fashions IPO Allotment Date?
Vedant Fashions IPO allotment date is 11 February 2022.
What is Vedant Fashions IPO Listing Date?
Vedant Fashions IPO listing date is 16 February 2022. The IPO to list on NSE, BSE.
How to Apply the Vedant Fashions IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Vedant Fashions IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Vedant Fashions IPO through Upstox?
Log in to Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Vedant Fashions IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Vedant Fashions IPO through Groww?
Log in to Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Vedant Fashions IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Vedant Fashions IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “Vedant Fashions IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
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