Vedant Fashions Limited IPO (Manyavar IPO)

Mainboard

Textile

Listed On: Feb 16, 2022 at ₹ 935.00(NSE)

₹ 14722 /17 Shares

Check Allotment

Price Summary

Last Closing

1,426.00 (64.67%)

52 Week High

1,487.90

52 Week Low

886.05

Last Update

25-Nov-2024 3:30 PM

IPO Details

04 Feb, 2022

Open Date

08 Feb, 2022

Close Date

11 Feb, 2022

Allotment Date

16 Feb, 2022

Listing Date

Issue Price

₹824-866 per equity share

Face Value

₹1 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Kfin Technologies Private Limited

List Price

935.00(NSE)

Listing Date

2022-02-16

Market Lot

17 Shares (₹14,722/-)

Lead Manager

Axis Capital Limited, Edelweiss Financial Services Limited, ICICI Securities Limited, IIFL Securities Limited, and Kotak Mahindra Capital Company Limited

Issue Size

Total Size : 3,149 Crores : Offer for Sale of 36,364,838 Eq Shares)

Retail Portion

35% (Number of Retail Applications : 7,48,680 Approx)

Subscription

2.57 times

IPO Docs

DRHP RHP

IPO Subscription Details

As on	QIB	NII	Retail	Total
Shares Offered / Reserved	72,72,968	54,54,726	127,27,694	254,55,388
Day 1 - 04-02-22 05:00 PM	0.06 x	0.06	0.22 x	0.14 x
Day 2 - 07-02-22 05:00 PM	0.11 x	0.08	0.32 x	0.21 x
Day 3 - 08-02-22 05:00 PM	7.50 x	1.07	0.40 x	2.57 x

Total No. of Applications: 252456 (Approx)

Retail Subscription on the basis of Applications: 0.34 times

Valuations

Earnings Per Share (EPS)

₹5.48/-

P/E Ratio

158.14

RoNW

12.19%

Net Asset Value (NAV) - As on 31.03.21

₹33.45

Company Financials All values are in ₹ Cr.

	30-Sep-21	31-Mar-21	31-Mar-20	31-Mar-19
Assets	1,445.50	1,625.65	1,591.55	1,318.50
Revenue	387.29	625.01	947.97	819.79
Profit After Tax	98.40	132.90	236.63	176.42

About The Company

Vedant Fashions Limited caters to the Indian celebration wear market with a diverse portfolio of brands. The company offers a one-stop destination with a wide-spectrum of product offerings for every celebratory occasion to its customers.
The company's brands include (i) Manyavar, (ii) Mohey, (iii) Mebaz, (iv) Manthan, and (v) Twamev. Vedant Fashions was the largest 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.
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 June 30, 2021, the company had a retail footprint of 1.1 Mn sq. ft covering 525 EBOs (including 55 shop-in-shops) spanning 207 cities and towns in India, and 12 EBOs overseas across the United States, Canada, and the UAE.

- Promoter(s)

Pre Issue Share Holding: 92.40%%

Post Issue Share Holding: 77.42%

Company Promoter(s)

Ravi Modi
Shilpi Modi
Ravi Modi Family Trust

IPO - Issue Objectives

To achieve the benefits of listing the Equity Shares on the Stock Exchanges
To carry out the Offer for Sale of up to 36,364,838 Equity Shares by the Selling Shareholders.

IPO - Anchor Investors

Vedant Fashions mops up Rs 944.75 crore from anchor investors ahead of IPO

Marquee investors participated in the offer includes Government of Singapore, Monetary Authority of Singapore, Fidelity Securities, Nomura, Wellington Trust Company, Ashoka India Opportunities Fund, Abu Dhabi Investment Authority, Amundi Funds, Carmignac Portfolio, Eastspring Investments, Pinebridge Global Funds, Volrado Venture, Elara India Opportunities Fund, Morgan Stanley, Societe Generale and BNP Paribas Arbitrage.

SBI Mutual Fund, Axis Mutual Fund, Kotak Mutual Fund, ICICI Prudential, Aditya Birla Sun Life, ICICI Prudential Life Insurance, HDFC Life Insurance, DSP MF, UTI MF, Sundaram MF, IDFC MF, Motilal Oswal MF, ITPL Invesco, Canara Robeco MF, Edelweiss MF, Bajaj Allianz Life Insurance, Kotak Mahindra Life Insurance and Bharti Axa Life Insurance also invested in the company through anchor book.

IPO - FAQs

Ans. Vedant Fashions Limited IPO (Manyavar IPO) is a Mainboard IPO. The issue is priced at ₹824-866 per equity share. The minimum order quantity is 17 Shares. The IPO opens on Feb 4, 2022, and closes on Feb 8, 2022. Kfin Technologies Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Vedant Fashions Limited IPO (Manyavar IPO) opens on Feb 4, 2022 and closes on Feb 8, 2022.

Ans. The size of Vedant Fashions Limited IPO (Manyavar IPO) is Total Size : 3,149 Crores : Offer for Sale of 36,364,838 Eq Shares).

Ans. The IPO price band is set between ₹824-866 per equity share.

Ans. To apply for Vedant Fashions Limited IPO (Manyavar IPO) IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Vedant Fashions Limited IPO (Manyavar IPO) in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Vedant Fashions Limited IPO (Manyavar IPO) is Feb 11, 2022.

Ans. The Vedant Fashions Limited IPO (Manyavar IPO) will be listed on Feb 16, 2022.

Ans. Follow the steps to check the allotment status for Vedant Fashions Limited IPO (Manyavar IPO) here.