Let’s have a detailed review of the company and analytics of the Vedant Fashions IPO release date, IPO offer price, subscription, Vedant Fashions Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 1
Price BandRs [●]
Listing AtBSE, NSE
Min. Order QuantityNA
Listing DateNA
Offer for SaleRs Million
Fresh IssueRs Million
IPO SizeRs Million
Tick Size1

Vedant Fashions IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.


Vedant Fashions IPO – Summary

Vedant Fashions IPOThey are 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.

According to CRISIL, their ‘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. They have established a multi-channel network and introduced brands by identifying gaps in the under-served and high-growth Indian wedding and celebration wear category. They focus on spreading India’s vibrant culture, traditions and heritage through their aspirational yet value for money brands at a diverse range of price points.

The Promoter of this company is RAVI MODI, SHILPI MODI AND RAVI MODI FAMILY TRUST (ACTING THROUGH ITS TRUSTEE, MODI FIDUCIARY SERVICES PRIVATE LIMITED). The lead manager to the issue is Axis Capital Limited, Edelweiss Financial Services Limited, ICICI Securities Limited, IIFL Securities Limited, and Kotak Mahindra Capital Company Limited, and the Registrar to this issue is Kfin Technologies Private Limited.


Vedant Fashions IPO Date

The opening and the closing date of Vedant Fashions IPO are not available yet.

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Vedant Fashions IPO GMP
Allotment – Vedant Fashions IPO

Vedant Fashions IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day –  
3rd Day – 
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.

Check Vedant Fashions IPO LIVE Subscription

  • Vedant Fashions IPO LIVE Bid details on BSE
  • Vedant Fashions IPO LIVE Bid details on NSE

For the Latest Bid details click on the above links.


Vedant Fashions IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Vedant Fashions IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment Finalization
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

Vedant Fashions IPO Price Band

The face value of each share is Rs.1, but the price band of the IPO is Rs.[●] 


Vedant Fashions IPO Size

This Initial Public Issue of 36,364,838 Equity Shares of Rs.1 each for cash at a price of Rs.[●]  per equity share aggregating to Rs.[●] Million.


Vedant Fashions IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.1/ each.

Issue Size: 36,364,838 Equity Shares of Rs.1 each, aggregating to Rs.[●] Million


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    Vedant Fashions IPO – Live Performance

    The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Vedant Fashions Share Price

    Vedant Fashions IPO Grey Market Premium

    The Vedant Fashions Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


    Vedant Fashions IPO – Company Overview

    They offer a one-stop destination with a wide spectrum of product offerings for every celebratory occasion and aim to deliver an aristocratic yet seamless purchase experience to their customers through their aesthetic franchisee-owned exclusive brand stores.

    They are focused on further enhancing their leadership position in the organized Indian wedding and celebration wear market and establishing their dominance in the premium and value segments of the men’s Indian wedding and celebration wear market through their brands, Twamev and Manthan, respectively, and in the women’s Indian wedding and celebration wear market through their brand, Mohey, launched in 2015.

    Through their 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, we are able to better cater to the needs of their customers and the aspirations of the entire family yet remain value for money and service the varying financial budgets of their Indian consumers.


    Vedant Fashions IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Million)
    30-June-2131-Mar-2131-Mar-20Mar-19
    Total Assets16,636.2916,256.5315,915.5313,185.07
    *Total Revenue1,784.846,250.199,479.768,197.99
    Total Expense1,173.664,431.026,361.355,488.61
    Profit After Tax451.871,329.032,366.371,764.27

    Earnings per Equity Share (in Million)

    30-June-2131-Mar-2131-Mar-20Mar-19
    Basic & Diluted1.825.369.457.04

     

    Further, their PAT for the period ended on June 30, 2021, March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 451.87 Million, Rs. 1,329.03 Million, Rs. 2,366.37 Million and 1,764.27 Million respectively.


    Vedant Fashions IPO – Promoters

    The Promoter of this company is:

    1. RAVI MODI, SHILPI MODI
    2. RAVI MODI FAMILY TRUST (ACTING THROUGH ITS TRUSTEE, MODI FIDUCIARY SERVICES PRIVATE LIMITED)

    List of Related Parties (Key Managerial Personnel)

    • Ravi Modi, Chairman, and Managing Director
    • Shilpi Modi, Whole-time Director
    • Sunish Sharma, Nominee Director
    • Manish Mahendra Choksi, Independent Director
    • Abanti Mitra, Independent Director
    • Tarun Puri, Independent Director

    Vedant Fashions IPO – Promoters Holding

    • Pre Issue Share Holding – %
    • Pos Issue Share Holding – %

    Vedant Fashions IPO Offer Details or Issue Details

     Particulars No. Of Equity Shares
     Equity Shares Offered Up to 36,364,838 Equity Shares aggregating up to Rs.[●] Million
    of which:
    Issue Reserved for the Market MakersUp to [●] Equity Shares aggregating up to Rs.[●]
    Million
    Net Issue to the PublicUp to [●] Equity Shares aggregating up to Rs.[●]
    Million
    Of which:
    Retail Investors Portion Not less than [●] Equity Shares
    Other than Retail Individual InvestorsNot more than [●] Equity Shares
     Equity Shares outstanding prior to the Issue242,432,254 Equity Shares
     Equity Shares outstanding after the IssueX Equity Shares

    Vedant Fashions IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

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

    Vedant Fashions – Business Strategy

    • Expansion of footprint within and outside India
    • Scaling up their emerging brands through increased up-selling and cross-selling initiatives
    • Enhancement of brand appeal through targeted marketing initiatives
    • Significant potential and space for the growth of their emerging brands
    • Disciplined approach towards acquisitions

    Vedant Fashions IPO – Basis of Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • Market leader in the Indian celebration wear market with a diverse portfolio of brands catering to the aspirations of the entire family;
    • Large and growing Indian wedding and celebration wear market is driven by increased spending on such wear;
    • A differentiated business model combining the strengths of retailing with branded consumer play;
    • Omni-channel network with the seamless integration of their online and offline channels;
    • Technology-based strong supply chain and inventory replenishment systems are driven by systemwide data analytics, strong processes, and longstanding vendor relationships; and
    • Experienced and professional founder-led leadership team.

    The relevant quantitative factors are:

    Basic & Diluted EPSRONW (%)NAV (Rs.)
    31-Mar-215.3612.1945.87
    31-Mar-209.4522.21
    Mar-197.0420.00

    Vedant Fashions IPO: Competitive Peers

    Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Millions)
    Vedant Fashions Limited10[●]5.3612.191,784.84
    Listed Peers
    NA

    Vedant Fashions IPO Lead Managers

    Lead Managers
    Axis Capital Limited

    Edelweiss Financial Services Limited

    ICICI Securities Limited

    IIFL Securities Limited

    Kotak Mahindra Capital Company Limited

    Vedant Fashions IPO Registrar to offer

    Registrar to the Offer
    Kfin Technologies Private Limited
    Selenium Tower B
    Plot 31 & 32, Gachibowli
    Financial District, Nanakramguda
    Serilingampally, Hyderabad 500 032
    Telangana, India
    Telephone: +91 40 6716 2222
    Email: manyavar..ipo@kfintech.com
    Website: www.kfintech.com.com
    Investor grievance E-mail:
    einward.ris@kfintech.com
    Contact Person: M. Murali Krishna
    SEBI Registration No: INR000000221

    Manyavar Fashions IPO – Other Details

    • Statutory Auditor – S.R. Batliboi & Co. LLP, Chartered Accountants
    • Legal Counsel to the Company – Khaitan & Co
    • Bankers to the Company –  Kotak Mahindra Bank, HDFC Bank, and ICICI Bank Limited 


    Vedant Fashions IPO Review by Stock Brokers

    Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

     


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      Vedant Fashions Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download


      Vedant Fashions IPO Review FAQs

      Ques – What is the Issue Size of Vedant Fashions IPO?

      Answer – The Company is making an initial public offer of 36,364,838 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

      Ques – What is the Price band of Vedant Fashions IPO?

      Answer – The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.1 per share.

      Ques – What is the Vedant Fashions IPO Open Date?

      Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.

      Ques – What is the Manyavar IPO Allotment Date?

      Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.

      Ques – What is the Manyavar IPO Listing Date?

      Answer – Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.

      Ques – Who is the Registrar of Manyavar IPO?

      Answer – One of the reputed registrars is managing the issue of this IPO, i.e. Kfin Technologies Private Limited. Their website will help you regarding the further information you are on the lookout for.

      Ques – Who is the Promoter of Manyavar IPO?

      Answer – Here are the promoters of this IPO – RAVI MODI, SHILPI MODI, AND RAVI MODI FAMILY TRUST (ACTING THROUGH ITS TRUSTEE, MODI FIDUCIARY SERVICES PRIVATE LIMITED). You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      Ques – What is the GMP of Vedant Fashions IPO?

      Answer – They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

      Ques – Is Vedant Fashions IPO good for Investment?

      Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      Ques – What is the PAT of Vedant Fashions Company?

      Answer – They have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the financial year 2021 in Million is 1,329.03, 2020 is 2,366.37, 2019 is 1,764.27. PAT from June 2021 is 451.87.


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