Vedant Fashions Limited (Manyavar) IPO Closed

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IPO date 04 Feb 2022 – 08 Feb 2022
Listing date 16 Feb 2022
Price range 824 – 866
Minimum order quantity 17
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Vedant Fashions owns and operates Indian ethnic and celebration wear brands. Manyavar, the company’s flagship brand is a category leader in the branded Indian wedding and celebration wear market with a pan-India presence.

The company’s other brands include Twamev, Manthan, Mohey, and Mabez, serving across men’s and women’s categories and value, mid-premium, and premium price segments.

As of September 30, 2021, the company had 535 EBOs (exclusive brand outlets) spanning 212 cities and towns in India, and 11 EBOs overseas across the United States, Canada, and the UAE.

The entire public offer of Vedant Fashions is an offer for sale of 3.63 crore equity shares from existing shareholders.

Financial Snapshot

Financial Year Ended Revenue (₹ Crores) PAT (₹ Crores) EPS (₹)
March 2019 819.80 176.43 7.04
March 2020 947.98 236.64 9.45
March 2021 625.02 132.90 5.36
Period ended September 30, 2021 387.29 98.41 4.01

IPO Schedule

Issue Period 4th February 2022 to 8th February 2022
Finalization of Allotment 11th February 2022
Initiation of Refunds 14th February 2022
Credit of Shares 15th February 2022
Date of Listing 16th February 2022
Mandate end date 24th February 2022
Anchor Investors Lock-in End Date 10th March 2022

How do I apply to the Vedant Fashions Limited IPO?

You can apply for the Vedant Fashions Limited IPO using any supported UPI app by following two steps:
  • Enter your bid on Console
  • Accept UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

Where do I check the allotment status for Vedant Fashions Limited IPO?

You can check the allotment status for the Vedant Fashions Limited IPO on the website of the Registrar and Transfer agent.

Alternatively, you can also check the allotment status on the NSE website.