KVSP Vedant Fashions IPO Date, Review, Price, Form & Market Lot Details
Written by Lucky Wilson | KJMM.COM on January 24, 2022
Vedant Fashions IPO to hit the market on February 04 and will close on February 08, 2021. Vedant Fashions to raise around ₹- crores via IPO that comprises fresh issue of ₹- crores and an offer for sale up to 36,354,838 equity shares of ₹1 each. The retail quota is 35% while QIB is 50% and HNI is 15%.
Vedant Fashions is one of the leaders in the men’s Indian wedding and celebration market across pan India. The product range includes men’s ethnic and celebration wear items such as Indo-western, sherwanis, kurtas, jackets, and accessories such as jutti, safa, mala, and women’s ethnic and celebration wear items such as lehengas, sarees, stitched suits, gowns and kurtis. They have a good presence in India and overseas as well. They have a retail presence of 600+ stores in over 200 cities and in 3 countries with 11 international stores in UAE & USA. The plans to have 15,00,000 square feet of Manyavar retail space, 5,00,000 sq. ft. of Mohey retail space, 1000 exclusive stores including 250 flagship & 50 global stores at 300 cities across India and abroad in 2025. We are aiming for a production capacity of 10 million pieces per annum. Check out Vedant Fashions IPO details.
Important Details:
- One of the leading brands of wedding wear in India.
- Brands they own Manyavar, Twamev, Manthan, Mohey, and Mebaz
- They are targeting PAN India and the Overseas market with their marketing campaigns.
- They are aiming for a production capacity of 10 million pieces per annum by 2025.
- 11 International stores in USA and UAE.
Vedant Fashions IPO Review
Brokerage Firm IPO Reviews
- ICICI Securities: Not Rated
- Axis Capital: Not Rated
- Emkay Global: Apply
- JM Financial: Not Rated
- Yes Securities: Avoid
- Choice Broking: Subscribe for Long Term
- Marwadi Financial Services: Apply with Caution
- Prabhudas Lilladher: Not Rated
Vedant Fashions IPO Date & Price Band
| IPO Open: | 04 February 2022 |
| IPO Close: | 08 February 2022 |
| IPO Size: | Approx ₹- Crores |
| Fresh Issue: | N/A |
| Offer for Sale: | Approx 36,354,838 Equity Shares |
| Face Value: | ₹1 Per Equity Share |
| Price Band: | ₹- to ₹- Per Share |
| Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Vedant Fashions IPO Market Lot
The Vedant Fashions IPO minimum market lot is – shares with ₹- application amount. The retail investors can apply up-to 13 lots, – shares with ₹- application amount.
| Minimum Lot Size: | Minimum – Shares for 1 lot |
| Minimum Amount: | ₹- for 1 lot |
| Maximum Lot Size: | Maximum – Shares for 13 lot |
| Maximum Amount: | ₹- for 13 lot |
Vedant Fashions IPO Date, Time Table, Allotment & Listing
The Vedant Fashions IPO date is 04 February 2022 and the IPO close date is 08 February 2022. The allotment date is 11 February 2022 and the IPO may list on 16 February 2022.
| Price Band Announcement: | February 2022 |
| Anchor Investors Allotment: | February 2022 |
| IPO Open Date: | 04 February 2022 |
| IPO Close Date: | 08 February 2022 |
| Basis of Allotment: | 11 February 2022 |
| Refunds: | 14 February 2022 |
| Credit to Demat Account: | 15 February 2022 |
| IPO Listing Date: | 16 February 2022 |
Vedant Fashions IPO Form
How to apply the Vedant Fashions IPO? You can apply Vedant Fashions IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Vedant Fashions IPO in the Invest section. The other option you can apply Vedant Fashions IPO via IPO forms download via NSE and BSE. Check out the Vedant Fashions forms – click NSE Forms & BSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
Vedant Fashions Company Financial Report
| ₹ in Crores | |||||
| Income | Expense | PAT |
|||
| 2019 | ₹820 | ₹549 | ₹176 | ||
| 2020 | ₹948 | ₹636 | ₹237 | ||
| 2021 |
₹625 | ₹443 | ₹133 | ||
| 2022 6M |
₹178 | ₹117 | ₹45 | ||
Company Promoters
- Ravi Modi
- Shilpi Modi
- Ravi Modi Family Trush
Vedant Fashions IPO Registrar
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: [email protected]
Website: www.kfintech.com.com
Investor grievance E-mail:
Contact Person: M. Murali Krishna
SEBI Registration No: INR000000221
Vedant Fashions IPO Lead Managers
- ICICI Securities Limited
- Axis Capital Limited
- Edelweiss Financial Services Limited
- IIFL Securities Limited
- Kotak Mahindra Capital Company Limited
Company Address
Vedant Fashions Limited
Paridhan Garment Park, 19,
Canal South Road, SDF-1,
4th Floor, A501-502, Kolkata 700 015
West Bengal, India
Telephone: +91 33 6125 5495;
Contact Person: Navin Pareek
Company Secretary and Compliance Officer
Telephone: +91 33 6125 5495
E-mail: [email protected]
Website: www.vedantfashions.com
Vedant Fashions IPO FAQs
What is Vedant Fashions IPO?
Vedant Fashions IPO is a main-board IPO. They are going to raise ₹- Crores via IPO. The issue is priced at ₹- to ₹- per equity share. The IPO is to be listed on BSE & NSE.
When Vedant Fashions IPO will open?
The IPO is to open on 04 February 2022 for QIB, NII, and Retail Investors.
What is Vedant Fashions IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
How to Apply the Vedant Fashions IPO?
You can apply Vedant Fashions IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the Vedant Fashions IPO through Zerodha?
How to Apply the Vedant Fashions IPO through Upstox?
What is Vedant Fashions IPO Size?
Vedant Fashions IPO size is ₹- crores. The IPO comprises ₹- crores fresh issue and offers for sale of 36,364,838 equity shares.
What is Vedant Fashions IPO Price Band?
Vedant Fashions IPO Price Band is ₹- to ₹- per equity share.
What is Vedant Fashions IPO Minimum and Maximum Lot Size?
The minimum bid is – Shares with ₹- amount while the maximum bid is – shares with ₹-.
What is Vedant Fashions IPO Allotment Date?
Vedant Fashions IPO allotment date is 11 February 2022.
What is Vedant Fashions IPO Listing Date?
Vedant Fashions IPO listing date is 16 February 2022. The IPO to list on BSE and NSE.
Note: The Vedant Fashions IPO details are officially announced. The IPO grey market premium (Vedant Fashions IPO Premium) is updated on their particular page. You can check our IPO grey market page for daily updates.)
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