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Vedant Fashions IPO Date, Review, Price, Form & Market Lot Details

Written by 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:

[email protected]

Contact Person: M. Murali Krishna

SEBI Registration No: INR000000221

Note: Check Vedant Fashions IPO allotment status on KFintech website allotment URL. Click Here

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?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Vedant Fashions”. Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Vedant Fashions IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Vedant Fashions”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate. Open Demat Account with 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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