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

Vedant Fashions Limited is the parent enterprise to Manyavar, Mohey, and Mebaz. The 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 3,149 crore through IPO (Initial public offering). 

Vedant Fashions IPO will open on 04 February 2022 and close on 08 February 2022. The price band of the Vedant Fashions IPO is ₹824 to ₹866. The company is looking to raise around ₹3,149 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 16 February 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 ₹3149 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.

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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 04 February 2022.

What is Vedant Fashions IPO Expected Return?

Vedant Fashions IPO Expected Returns is approx 5% to 10%.

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 is 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 is 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:

• Vedant Fashions Website
• Vedant Fashions DRHP
• Vedant Fashions RHP

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)

DATE	GMP	KOSTAK	Subject to Sauda
16 February	₹-	₹-	₹-
15 February	₹-	₹-	₹-
14 February	₹-	₹-	₹-
13 February	₹-	₹-	₹-
12 February	₹-	₹-	₹-
11 February	₹10	₹-	₹-
10 February	₹10	₹-	₹-
09 February	₹10	₹-	₹-
08 February	₹10	₹-	₹-
07 February	₹40	₹400	₹400
06 February	₹40	₹400	₹400
05 February	₹40	₹400	₹400
04 February	₹50	₹400	₹800
03 February	₹50	₹400	₹800
02 February	₹40	₹400	₹800
01 February	₹40	₹400	₹800
31 January	₹90	₹400	₹800
30 January	₹90	₹500	₹800
29 January	₹90	₹500	₹800
28 January	₹80	₹-	₹-
27 January	₹80	₹-	₹-
26 January	₹-	₹-	₹-
25 January	₹-	₹-	₹-
24 January	₹-	₹-	₹-
23 January	₹-	₹-	₹-
22 January	₹-	₹-	₹-
21 January	₹-	₹-	₹-

Vedant Fashions IPO Date and  Price Band Details

Vedant Fashions IPO open date: 04 February2022, Closing date: 08 February 2022, and Listing date: 16 February 2022. The price band of Vedant Fashions IPO is ₹824 to ₹866 per share. Vedant Fashions IPO issue size is Rs 3149 crores. Vedant Fashions Ipo retails portion is 10%, QIB Portion is 75%, and NII Portion is 15%.

IPO Open:	04 February 2022
IPO Close:	08 February 2022
Listing Date:	16 February 2022
Listing On:	NSE & BSE
IPO Size:	Approx ₹3,149 Crores
Fresh Issue:	N/A
Offer For Sale:	Approx 36,364,838 Eq shares
Price Band:	₹824 to ₹866 per share
Face Value:	₹1 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 17 shares with ₹14,722 application amount and the maximum lot size is 221 shares with ₹191,386 application amount.

Minimum Lot:	01
Minimum Lot Size:	17 Shares
Minimum Amount:	₹14,722
Maximum Lot:	13
Maximum Lot Size:	221 Shares
Maximum Amount:	₹191,386

Vedant Fashions IPO Allotment & Listing Date

Ipo Opening Date:	04 February 2022
IPO Closing Date:	08 February 2022
Basis of Allotment:	11 February 2022
Refund Date:	14 February 2022
Credit to Demat Account:	15 February 2022
Listing Date:	16 February 2022

Vedant Fashions IPO Review

HappiestPost View: You can apply for Long term and avoid for listing gains.

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Vedant Fashions Ipo Review

[Note: Rated by Happiest Post]

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)

Year	Total Assets	Revenue	Profit
March-19	₹1318	₹819	₹176
March-20	₹1591	₹947	₹236
March-21	₹1625	₹625	₹132
June-21	₹1663	₹178	₹45

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

Website: www.vedantfashions.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

Website: www.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 starts. 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 04 February 2022.

What is the Vedant Fashions IPO Closing Date?

Vedant Fashions IPO Closing date is 08 February 2022.

What is the Vedant Fashions IPO Allotment date?

Vedant Fashions IPO Allotment Date is 11 February 2022.

What is Vedant Fashions IPO Listing Date?

Vedant Fashions IPO Date is 16 February 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 5% to 10%.

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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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