Vedant Fashions IPO Date, Price, Market Lot, Subscription


Last updated on March 8, 2022

Vedant Fashions IPO GMPVedant Fashions IPO ReviewsAllotment Status
Vedant Fashions IPO Date

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 Date4 – 8 February 2022
Vedant Fashions IPO Price BandINR 824 – 866 per share
Fresh issueNIL
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 Allocation35%
Listing OnNSE, BSE

Vedant Fashions’ Financial Performance

 FY2019FY2020FY2021H1 FY2022
Net income176.5236.5133.098.4
Margin (%)21.524.921.325.4
Figures in INR crore unless specified otherwise

Vedant Fashions IPO News

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 refunds14 February 2022
Transfer of shares to demat accounts 15 February 2022
Listing Date 16 February 2022
Opening Price on NSEINR935 per share (up 7.97% from IPO price)
Closing Price on NSEINR943.05 per share (up 8.90% from IPO price)

Manyavar Valuations & Margins

FY2019FY2020FY2021H1 FY2022
PE ratio153.73 – 161.57102.74 – 107.98*
RONW (%)20.0022.2112.1911.46
ROCE (%)
EBITDA (%)42.2143.5549.8848.90
* On annualized basis

Vedant Fashions IPO Subscription – Live Updates

CategoryShares OfferedDay 1Day 2Day 3
Subscription figures in number of times, at 5 PM

Vedant Fashions Offer Registrar

Kfin Technologies Private Limited
Selenium Tower B, Plot 31 & 32
Gachibowli Financial District
Nanakramguda, Serilingampally
Hyderabad 500 032, Telangana
Phone: +91 40 6716 2222
Email: [email protected]

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: +91 33 6125 5495
Email: [email protected]

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.


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