Vedant Fashions IPO GMP, Vedant Fashions IPO Grey Market Premium, Manyavar IPO GMP

Vedant Fashions IPO GMP, Vedant Fashions Grey Market Premium

Vedant Fashions IPO: Vedant Fashions IPO GMP (Vedant Fashions Grey Market Premium), Vedant Fashions IPO Date, Vedant Fashions IPO Review, Vedant Fashions IPO Benefits & Risks. We will update Vedant Fashions GMP daily. Also, all information related to Vedant Fashions IPO like price band, all dates, issue size and retail parts etc. All the important information about Vedant Fashions IPO is given below.
Vedant Fashions IPO GMP

    Vedant Fashions IPO

    Vedant Fashions Limited is the parent enterprise to Manyavar, Mohey, and MebazThe IPO of Vedant Fashions Ltd aka Manyavar is expected in early 2022. Vedant Fashions Ltd Has filed its DRHP (Draft Red Herring Prospectus) with market regulator SEBI (Securities and Exchange Board of India) to raise around Rs 1100 crore through IPO (Initial public offering). 

    Vedant Fashions IPO will open on January 2022 and close on January 2022. The price band of the Vedant Fashions IPO is ₹- to ₹-. The company is looking to raise around ₹- crores through an initial public offering (IPO). Vedant Fashions IPO QIB quota is 75%, NII quota is 15% and RII quota is 10%. Vedant Fashions's IPO listing date is - January 2022. You can know about Vedanta Fashion Limited IPO GMP (Grey Market Premium) below.

    Vedant Fashions has given good financial performance. The company has made a profit of ₹132.90 crores in the financial year 2021. Vedant Fashions IPO Size is ₹- crores. In this IPO, approx 36,364,838 equity shares will be sold under OFS (Offer for sale) and no fresh equity shares are included in the IPO offer. The IPO of Vedant Fashions will be listed on NSE and BSE.  Vedant Fashions IPO face value is ₹- per equity share.

    We will talk about Vedant Fashions's financial, benefits, and risks of investing in the company.
    Read About


    What is Vedant Fashions IPO GMP Today?
    Vedant Fashions IPO GMP is ₹-.


    What is the Vedant Fashions IPO Date?
    Vedant Fashions's IPO Opening date is January 2022.


    What is Vedant Fashions IPO Expected Return?
    Vedant Fashions IPO Expected Returns is approx -%.



    About Vedant Fashions Limited

    Vedant Fashion Limited is the parent venture of Manyavar, Mohe, and Mebaaz. Vedant Fashion Limited's “Manyavar” brand is a category-leading brand in the branded Indian Wedding & Festive wear market with a pan India presence.

    The company was originally started as "Vedant Fashion Pvt Ltd" in Kolkata by Ravi Modi. Manyavar has emerged as a category leader in the branded Indian Wedding & Celebration Wear market with a pan India presence by FY 2020. The company has a state-of-the-art production capacity of 3 million pieces per year. As of June 30, 2021, 193 cities and towns in India and 8 cities internationally had an EBO retail space of over 1.1 million square feet.

    The company has established several brands in the men's and women's ethnic and celebration wear market such as Manyavar, Tvmev, Manthan, Mohe, and Mebaaz, etc. Manyavar, the company's flagship brand and category leader in the branded Indian Wedding and Celebration Wear market. The Mohey brand was launched in 2015 by the company to complement and grow our presence in the women's ethnic and celebration wear market. According to Crisil, the Mohe brand of Vedant Fashion Pvt Ltd is the largest brand in terms of the number of stores. Mebaz, an established one-stop shop heritage brand.

    Vedant Fashion has grown from a start-up to a leader in less than 2 decades. The company's flagship products include Indo-Western, Sherwani, Kurtas, Jackets, and accessories such as juttis, safas, malas, and women's ethnic and celebration wear items such as lehengas, saris, stitched suits, gowns, and Kurtis.

    The most popular brands of the company include:

    Manyavar
    Manyavar is India's largest company in the Indian Men's Wedding and Celebration Wear segment in terms of revenue and is today one of the most respected brands in the country.

    Mohey
    Mohey is one of the most loved and fastest growing labels in the field of Women's Festive Wear.

    Mebaz
    Through Mebaz, the company is focusing on the Indian Wedding and Celebration Wear Apparel segment. The brands offer products under all three categories: men, women, and children.


    Important Links:

    Purpose of the offer 

    • To prepay/repay all or a part of the dues raised by the company.
    • To meet general corporate objectives.

    Vedant Fashions GMP Today (Grey Market Premium)

    [Note: Vedant Fashions Ltd IPO GMP has not started yet]
    DATEGMPKOSTAKSubject to Sauda
    January
    January
    January
    January
    January
    January
    January
    January
    January
    January
    January

    Vedant Fashions IPO Date and  Price Band Details

    Vedant Fashions IPO open date: January 2022, Closing date: January 2022, and Listing date: January 2022. The price band of Vedant Fashions IPO is ₹- to ₹-per share. Vedant Fashions IPO issue size is Rs - crores. Vedant Fashions Ipo retails portion is 10%, QIB Portion is 75%, and NII Portion is 15%.

    IPO Open:January 2022
    IPO Close:January 2022
    Listing Date:January 2022
    Listing On:NSE & BSE
    IPO Size:Approx ₹- Crores
    Fresh Issue:N/A
    Offer For Sale:Approx 36,364,838 Eq shares
    Price Band:₹- to ₹- per share
    Face Value:₹10 per Equity share
    QIB Portion:50%
    Retail Portion:35%
    NII Portion:15%
    Employee Res:Not Disclosed

    Vedant Fashions IPO Market Lot & Size

    Vedant Fashions IPO's minimum lot size is - shares with ₹- application amount and the maximum lot size are - shares with ₹- application amount.

    Minimum Lot:01
    Minimum Lot Size:- Shares
    Minimum Amount:₹-
    Maximum Lot:13
    Maximum Lot Size:- Shares
    Maximum Amount:₹-

    Vedant Fashions IPO Allotment & Listing Date

    Ipo Opening Date:January 2022
    IPO Closing Date:January 2022
    Basis of Allotment:January 2022
    Refund Date:January 2022
    Credit to Demat Account:January 2022
    Listing Date:January 2022

    Vedant Fashions IPO Review

    HappiestPost View: To be updated.

    Brokerage Firm IPO Reviews

    • Motilal Oswal: To be updated
    • ICICI Securities: To be updated
    • Capital Market: To be updated
    • Ventura Securities Limited: To be updated
    • GEPL Capital Ltd: To be updated soon

    Vedant Fashions Ipo Review

    [Not rated yet (To be updated)]

    Review For Listing Gain


    Review For Short term


    Review For Long term


    Strength

    • The company has a good financial track record. The company has registered a profit of 132.90 crores in the financial year 2021.
    • The company has an extensive sales network and market reach.
    • The “Manyavar” brand of Vedant Fashion Limited is a class-leading brand in the branded Indian Wedding & Festive Wear market with a pan India presence.
    • The company has a state-of-the-art production capacity of 3 million pieces per year.
    • As of June 30, 2021, there was an EBO retail space in 193 cities and towns in India and 8 cities internationally.
    •  According to Crisil, the Mohe brand of Vedant Fashion Pvt Ltd is the largest brand in terms of the number of stores.
    • Vedant Fashion has grown from a start-up to a leader in less than 2 decades.

    Risks

    • The company may outsource the material for certain products due to which any failure in quality control can damage the reputation of the company.
    • The impact of the COVID-19 pandemic on his company is still unknown.
    • The company relies on other companies for its raw materials, which may cause a temporary interruption or shortfall in the supply of raw materials that may have a negative impact on the company's operations and business.
    • The promoters of the company and their directors are subject to legal proceedings. Any bad result could be for their company.
    • A big question is whether the company will be able to sustain its growth in the coming years or not.
    • Companies depend on third parties for their product design, manufacturing processes, and operations.
     

    Vedant Fashions Financials

    Vedant Fashions Financials(in Crores)

    YearTotal AssetsRevenueProfit
    2019₹1318₹819₹176
    2020₹1591947₹236
    2021₹1625₹625₹132


    Promoters

    The promoters of the company are:
    • Ravi Modi
    • Shilpi Modi
    • Ravi Modi Family Trust (acting through its trustee, Modi Fiduciary Services Private Limited).

    Contact Details of Vedant Fashions

    Vedant Fashions Limited
    Paridhan Garment Park, 19, Canal South Road,
    SDF-1, 4th Floor, A501-502, Kolkata 700 015,
    West Bengal, India;
    Tel: +91 33 6125 5495
    E-mail: complianceofficer@manyavar.com

    Vedant Fashions Lead Managers

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

    Vedant Fashions IPO Registrars

    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

    Conclusion

    Vedant Fashion Limited is the parent venture of Manyavar, Mohe, and Mebaaz. The "Manyavar" brand of Vedant Fashion Ltd., is a category leader in the wedding and festive wear market. Considering the financial position of the company, the company has a sound financial track record. The company has made a profit of ₹132.90 crores in the financial year 2021. Our suggestion will be updated when Vedant Fashion IPO price band and other IPO details are announced. Vedant Fashion Ltd's financial statement and other information are provided above.


    Vedant Fashions IPO FAQs

    What is Vedant Fashions IPO GMP Today?
    Vedant Fashions IPO GMP is ₹- as of today.

    What is Vedant Fashions IPO Opening Date?
    Vedant Fashions IPO Opening date is January 2022.

    What is the Vedant Fashions IPO Closing Date?
    Vedant Fashions IPO Closing date is January 2022.

    What is the Vedant Fashions IPO Allotment date?
    Vedant Fashions IPO Allotment Date is January 2022.

    What is Vedant Fashions IPO Listing Date?
    Vedant Fashions IPO Date is January 2022.

    What is Vedant Fashions IPO Kostak Rate?
    Vedant Fashions IPO Kostak rate is ₹-.

    What is Vedant Fashions IPO Expected Returns?
    Vedant Fashions IPO Expected Returns is -%.


    Read More:
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    For other important information related to the stock market and Grey Market Premium, Costak rate, you can click on the links given below.  

    How to Apply the Vedant Fashions Ltd IPO with Zerodha?

    1. Open your Zerodha kite app and visit the Account tab, then see for console and click on IPO. 
    2. If you are a Desktop user then Log in to Console on Zerodha Website. Go to Portfolio and Click on IPO. 
    3. You will see the IPO name "Vedant Fashions Ltd". 
    4. Then, Click on Bid Button.
    5. Then, Enter your UPI ID.
    6. Then, Fill in Quantity and Price. (we recommend, you should choose the cutoff price.) 
    7. Then Submit the IPO Application Form. 
    8. Now go to your UPI App (PhonePe, Google Pay, etc)  or BHIM App to Approve the mandate.


    Disclaimer

    1. We are not involved in gray market trading in any way. And do not provide the facility to buy or sell any IPO from IPO. 
    2. Reference to IPO Grey Market Premium (IPO GMP) is valid only for the date specified in the header. 
    3. We are not involved in the buying or selling of IPO form. 
    4. Do not decide to subscribe to an IPO solely based on GMP (Grey Market Premium), as this can change at any time. Research the fundamentals and financial statements of companies before subscribing.

    We hope you like this article about Vedant Fashions IPO. If you have a query about Vedant Fashions IPO Please post a comment. 

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