Vedant Fashions IPO date is scheduled for 4 February 2022. The IPO price band is set at INR 824 – 866 per share. There are no fresh shares being issued while existing shareholders plan to sell 36,364,838 shares through Offer For Sale (OFS).
Promoters of Vedant Fashions – Ravi Modi, Shilpi Modi and Ravi Modi Family Trust (acting through its trustee Modi Fiduciary Services Private Limited)
Vedant Fashions Business Description
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. Its ‘Manyavar’ brand is a category leader in the branded Indian wedding and celebration wear market with a pan-India presence, as of Financial Year 2020.
The company is focused on further enhancing their leadership position in the organized Indian wedding and celebration wear market and establishing its dominance in the premium and value segments of the men’s Indian wedding and celebration wear market through its brands, Twamev and Manthan, respectively, and in the women’s Indian wedding and celebration wear market through the brand, Mohey, launched in 2015.
Through its diverse portfolio of leading and differentiated brands, including their acquisition of Mebaz in the 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.
As of 30th June 2021, it had a retail footprint of 1.1 million square feet covering 525 exclusive brand outlets (EBOs) (including 55 shop-in-shops) spanning across 207 cities and towns in India, and 12 EBOs overseas across the United States, Canada and the UAE, which are countries with a large Indian diaspora.
Vedant Fashions IPO Date, Size & Price Band
| Vedant Fashions IPO Date | 4 – 8 February 2022 |
| Vedant Fashions IPO Price Band | INR 824 – 866 per share |
| Fresh issue | NIL |
| Offer For Sale | 36,364,838 shares (INR2996.46 – 3,149.19 crore) |
| Total IPO size | 36,364,838 shares (INR2996.46 – 3,149.19 crore) |
| Minimum bid (lot size) | 17 shares |
| Face Value | INR 1 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Vedant Fashions’ Financial Performance
| Â | FY2019 | FY2020 | FY2021 | H1 FY2022 |
| Revenue | 819.8 | 948.0 | 625.1 | 387.3 |
| Expenses | 548.9 | 636.4 | 443.1 | 254.8 |
| Net income | 176.5 | 236.5 | 133.0 | 98.4 |
| Margin (%) | 21.5 | 24.9 | 21.3 | 25.4 |
Vedant Fashions IPO News
- Manyavar IPO Anchor Allotment
- Manyavar IPO Review: Subscribe or Avoid?
- Vedant Fashions IPO – Key Things to Know
- Vedant Fashions RHP
- Vedant Fashions DRHP
Vedant Fashions Offer Allotment Status
Vedant Fashions Offer allotment is now available on KFin Technologies’ website. Click on this link to get allotment status.
Vedant Fashions IPO Timetable
| IPO Opening Date | 4 February 2022 |
| IPO Closing Date | 8 February 2022 |
| Finalisation of Basis of Allotment | 11 February 2022 |
| Initiation of refunds | 14 February 2022 |
| Transfer of shares to demat accounts | 15 February 2022 |
| Listing Date | 16 February 2022 |
| Opening Price on NSE | INR935 per share (up 7.97% from IPO price) |
| Closing Price on NSE | INR943.05 per share (up 8.90% from IPO price) |
Manyavar Valuations & Margins
| FY2019 | FY2020 | FY2021 | H1 FY2022 | |
| EPS | 7.04 | 9.45 | 5.36 | 4.01 |
| PE ratio | – | – | 153.73 – 161.57 | 102.74 – 107.98* |
| RONW (%) | 20.00 | 22.21 | 12.19 | 11.46 |
| ROCE (%) | – | – | – | – |
| EBITDA (%) | 42.21 | 43.55 | 49.88 | 48.90 |
| Debt/Equity | – | – | – | – |
| NAV | 35.25 | 42.56 | 44.03 | 35.45 |
Vedant Fashions IPO Subscription – Live Updates
| Category | Shares Offered | Day 1 | Day 2 | Day 3 |
| QIB | 72,72,968 | 0.06 | 0.11 | 7.49 |
| NII | 54,54,726 | 0.06 | 0.08 | 1.07 |
| Retail | 1,27,27,694 | 0.22 | 0.32 | 0.39 |
| Total | 2,54,55,388 | 0.14 | 0.21 | 2.57 |
Vedant Fashions Offer Registrar
Kfin Technologies Private Limited
Selenium Tower B, Plot 31 & 32
Gachibowli Financial District
Nanakramguda, Serilingampally
Hyderabad 500 032, Telangana
Phone:Â +91 40 6716 2222
Email:Â [email protected]
Website:Â www.kfintech.com.com
Vedant Fashions Contact Details
Vedant Fashions Limited
Paridhan Garment Park, 19
Canal South Road, SDF-1
4th Floor, A501-502,
Kolkata 700 015, West Bengal
Phone:Â +91 33 6125 5495
Email:Â [email protected]
Website:Â www.vedantfashions.com
Vedant Fashions IPO FAQs
How many shares in Vedant Fashions IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in Vedant Fashions IPO?
The best way to apply in Vedant Fashions IPO is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What are Vedant Fashions IPO Dates?
Vedant Fashions IPO opens on 4 February 2022 and closes on 8 February 2022.
When is Vedant Fashions IPO allotment date?
Vedant Fashions IPO allotment is expected to be finalized by 11 February 2022.
When is Vedant Fashions IPO listing date?
Vedant Fashions IPO listing date is 16 February 2022.
