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
| Particular | Date |
| IPO Open Date | 04 Feb 2022 |
| IPO Close Date | 08 Feb 2022 |
| Allotment Date | 12 Feb 2022 |
| IPO Listing Date | 16 Feb 2022 |
Vedant Fashions Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 1 Per Equity Share |
| IPO Price | Rs. 824 to Rs. 866 Per Equity Share |
| Market Lot | 17 Share |
| NSE Symbol | MANYAVAR |
| BSE Symbol | MANYAVAR |
| ISIN Code | |
| Listing At | NSE & BSE |
| Issue Size | Approx. Rs. 3149 Crore. |
Vedant Fashions Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 17 | Rs. 14722 |
| Maximum | 13 | 221 | Rs. 191386 |
Vedant Fashions Limited IPO Allotment Status
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Click Here To Get ASBA Forms Vedant Fashions Limited IPO
Company Financials:
| Particular | 31 Sep 2021 | 31 March 2021 | 31 March 2020 |
| Total Assets | 14455.03 | 16256.53 | 15915.53 |
| Total Revenue | 3872.90 | 6250.19 | 9479.76 |
| Profit After Tax | 984.07 | 1329.03 | 2366.37 |
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 Information | IPO 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 |
