IPO

Vedant Fashions Limited IPO (Manyavar IPO)

Mainboard

Textile

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

₹ 14722 /17 Shares

Check Allotment

04 Feb, 2022

Open Date

08 Feb, 2022

Close Date

11 Feb, 2022

Allotment Date

16 Feb, 2022

Listing Date
Price Summary

Last Closing

599.00 (-30.83%)

52 Week High

1,344.80

52 Week Low

575.05

Last Update

19-Dec-2025 3:30 PM
IPO Issue Details
  • Issue Price ₹824-866 per equity share
  • Face Value ₹1 Per Equity Share
  • Issue Price Total Size : 3,149 Crores : Offer for Sale of 36,364,838 Eq Shares)
  • Listing at BSE, NSE
  • List Price 935.00(NSE)
  • Listing Date 2022-02-16
  • Lead Manager Axis Capital Limited, Edelweiss Financial Services Limited, ICICI Securities Limited, IIFL Securities Limited, and Kotak Mahindra Capital Company Limited
  • Registrar Kfin Technologies Private Limited
IPO Details
  • Retail Portion 35% (Number of Retail Applications : 7,48,680 Approx)
IPO Documents
DRHP
RHP
IPO Details


The IPO of is priced at ₹824-866 per equity share, which has a face value of ₹1 Per Equity Share each, IPO bidding starts from Feb 4, 2022 and ends on Feb 8, 2022. The allotment for IPO will be finalized on Feb 11, 2022. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Feb 16, 2022. The company shall list its equity shares on the BSE, NSE. Kfin Technologies Private Limited is the registrar of the issue.

The book-running lead manager for the IPO is/are Axis Capital Limited, Edelweiss Financial Services Limited, ICICI Securities Limited, IIFL Securities Limited, and Kotak Mahindra Capital Company Limited.


The IPO sets its price band at 824-866 for each share. A single application for Vedant Fashions Limited IPO (Manyavar IPO) must contain at least 17 shares.

Read More
IPO Subscription Analysis And Details
Retail
0.40x
QIB
7.50x
NII
1.07x
Total
2.57x
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
Subscription on the basis of Applications
0.34
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
In Crs.
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 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.

Read More
- Promoter(s)

Ravi Modi

Shilpi Modi

Ravi Modi Family Trust

Pre Issue Share Holding : 92.40%%

Post Issue Share Holding : 77.42%

IPO - Issue Objectives
1

To achieve the benefits of listing the Equity Shares on the Stock Exchanges

2

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.