Vedant Fashions IPO will open on 04th Feb, 2022. Vedant Fashions is a leader in the Indian wedding and celebration wear market with a pan-India presence.
List of Topic Covered
Key Features of Vedant Fashions IPO
- Vedant Fashions Initial Public Offering (IPO) will open on 4th Feb, 2022
- You can apply in this IPO from 4th Feb, 2022 to 8th Feb, 2022
- Issue Price band of the company is ₹ 824 to ₹ 866 per equity share.
- This IPO comprises only an offer for sale (OFS) of approx 36,354,838 equity shares by promoters and existing shareholders.
- It has a minimum 17 shares in one lot and you have to spend a minimum ₹ 14, 722 for 1 lot.
- Vedant Fashions IPO is looking to raise ₹ 3149 crores through this IPO.
What is Vedant Fashions Limited ?
- Incorporated in 1999, Vedant Fashions include men’s and women’s ethnic and celebration wear items such as Indo-western, sherwanis, kurtas, jackets, jutti, safa, mala, lehengas, sarees, stitched suits, gowns and kurtis etc.
- Vedant Fashions has brands like Manyavar, Twamev, Manthan, Mohey and Mebaz.
- They have a retail presence of 600+ stores in over 200 cities and in 3 countries with 11 international stores in the U.A.E & U.S.A.
- Manyavar aims to expand its reach with 1000 exclusive stores including 250 flagship & 50 global stores at 300 cities across India and abroad.
- Ravi Modi is the founder of Vedant Fashions.
- On the revenue front, Vedant Fashions has been a profit making company consistently for the last 3 years. Positive sign for investors.
Grey Market Premium of Vedant Fashions IPO GMP
- Grey market is an unregulated market to trade ipo shares before listing.
- Vedant Fashions IPO price band is placed at ₹ 824 – ₹ 866.
- But the grey market premium of this share is currently 0.81 % i.e. at – ₹ 20.
- So the share price of Vedant Fashions IPO in the grey market is ₹ 846 (866 – 20).
Click here to Check GMP of Upcoming IPO
Vedant Fashions IPO Live Subscription Status
Vedant Fashions IPO subscribed 2.52 times overall. Manyavar subscribed 0.38 times in retail category, 7.45 times in QIB and 0.94 times in NII category by Feb 07, 2022.
Click here to Check Live Subscription of Live IPO
Vedant Fashions IPO Conditions to know before Investing, Date, Lot Size, Allotment
Vedant Fashions IPO Details
| IPO Start Date | Feb 04, 2022 |
| IPO Close Date | Feb 08, 2022 |
| Fresh Equity Share Issue | NA |
| Offer For Sale (OFS) Equity Share | Approx 36, 354, 838 equity shares |
| Face Value | ₹ 1 Per Equity Share |
| Price Band | ₹ 824 to ₹ 866 Per Equity Share |
| Retail Quota Share | 35 % |
| QIB Quota | 50 % |
| NII Quota | 15 % |
| Listing on | NSE & BSE |
| Employee Discount | NA |
| DRHP | View |
Vedant Fashions IPO Timetable
| IPO Start Date | Feb 04, 2022 |
| IPO Close Date | Feb 08, 2022 |
| Basis of Share Allotment Date | Feb 11, 2022 |
| Refunds Date | Feb 14, 2022 |
| Credit of shares to Demat Account Date | Feb 15, 2022 |
| IPO Listing Date | Feb 16, 2022 |
Vedant Fashions IPO Lot Size
| Minimum Lot Size | 17 Shares in 1 Lot |
| Minimum Amount | ₹ 14, 722 For 1 Lot |
| Maximum Lot Size | 221 Shares (13 Lot) |
| Maximum Amount | ₹ 1,91, 386 (For 13 Lot) |
Vedant Fashions IPO Financial Report of 2019,2020 & 2021
Company is making profits for the last three years which is a strong positive sign for the investors.
| Year | Revenue | Expense | PAT (Profit After Tax) |
| 2021 | ₹ 625 | ₹ 443 | ₹ 133 |
| 2020 | ₹ 948 | ₹ 636 | ₹ 237 |
| 2019 | ₹ 820 | ₹ 549 | ₹ 176 |
Basis of Allotment in Vedant Fashions IPO
- Vedant Fashions IPO’s 50 % quota is reserved for the QIB category.
- 15 % quota is reserved for NII Category and
- 35 % quota is reserved for retail investors.
How to Apply in Vedant Fashions IPO
- You can apply for the Vedant Fashions IPO through the ASBA facility available in your bank account.
- Just login to your online banking. GO to the IPO section and apply for Vedant Fashions Limited IPO
- Also you can apply this IPO through your trading account
- One more way to apply in this IPO is through forms which you can download from NSE and BSE website.
- After downloading forms, fill it properly and submit it to the respective banks or to your broker.
How to apply for the Vedant Fashions Limited IPO through Zerodha?
- Login to your console in Zerodha through desktop or app.
- Then go to your portfolio and click on IPO.
- You will see Vedant Fashions Limited IPO
- Then click on the bid button.
- After this enter your UPI ID, price and quantity (lot size)
- Click the submit button.
- At last you have to go to your UPI app to approve the mandate.
How to apply for the Vedant Fashions Limited IPO through Upstox?
- Login to your Upstox account through desktop or app.
- You will see the name Vedant Fashions Limited IPO
- Then hit the bid button.
- Click the submit button.
- At last you have to go to your UPI app to approve the mandate.
Vedant Fashions IPO Allotment Status
You can check Vedant Fashions IPO allotment status on Registrar and Transfer Agent Website
Also you can check the allotment status on NSE Website
Click here to Check Allotment Status of Upcoming IPO
Other Information in Vedant Fashions IPO
Vedant Fashions Promoters
- Ravi Modi
- Shilpi Modi
- Ravi Modi Family Trust
Vedant Fashions IPO Lead Managers
- Axis Capital Limited
- Edelweiss Financial Services Ltd
- ICICI Securities Limited
- IIFL Securities Ltd
- Kotak Mahindra Capital Company Limited
Vedant Fashions Contact Information
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/
Vedant Fashions IPO Registrar Contact Information
KFintech Private Limited
- Phone: 04067162222, 04079611000
- Email: manyavar.ipo@kfintech.com
- Website: https://karisma.kfintech.com/
Vedant Fashions IPO FAQs
Vedant Fashions IPO is the main-board IPO which will be listed on NSE & BSE. They are going to raise ₹ 3149 crores through this IPO. One lot has minimum 17 shares and you have to spend a minimum ₹ 14,722 for 1 lot.
Vedant Fashions IPO price band is ₹ 824 to ₹ 866.
One lot has minimum 17 shares and you have to spend a minimum ₹ 14,722 for 1 lot. Maximum lot is 13 and you have to spent ₹1,91,386 for 13 lots.
Vedant Fashions IPO’s 35 % quota is reserved for retail investors. 15 % quota is reserved for NII Category and 50 % quota is reserved for the QIB category.
Vedant Fashions IPO will open on Feb 04, 2022.
Basis of Allotment for Vedant Fashions IPO will happen on Feb 11, 2022 and allotted shares will be deposited in your demat account on Feb 15, 2022.
Shares of Vedant Fashions will list in the market on Feb 16, 2022.
Paisa kaudi recommendation on Vedant Fashions IPO
Vedant Fashions is one of the largest Indian wedding and celebration wear brands. Revenue wise Vedant Fashions is in profits from last 3 consecutive years. Can be considered for long term investment.
Keep checking the GMP for more clear picture.
I hope this covers all the points on Vedant Fashions IPO.
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