Vedant Fashions Limited IPO, Manyavar IPO Details.
Table of Contents
Company All Details
Founded
2002
Managing Director
Managing Director of The Company, Ravi Modi.
Company Promoters:
Promoters of the Company, Ravi Modi, Shilpi Modi and Ravi Modi Family Trust are the company promoters (ACTING THROUGH ITS TRUSTEE, MODI FIDUCIARY SERVICES PRIVATE
LIMITED).
About the company.
The Company was originally incorporated as “Vedant Fashions Private Limited” at Kolkata, West Bengal as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated May 24, 2002, issued by the Registrar of Companies, West Bengal at Kolkata (“RoC”). Pursuant to a takeover agreement dated June 1, 2002, the business of a proprietorship firm by the name of “M/s Vedant Creation”, which was being carried out by one of the individual Promoters namely Ravi Modi, was transferred to the Company as a going concern. Subsequently, our Company was converted into a public limited company under
the Companies Act, 2013, pursuant to the approval accorded by our Shareholders at their extra-ordinary general meeting held on July 16, 2021. Consequently, the name of our Company was changed to “Vedant Fashions Limited” and a fresh certificate of incorporation consequent upon conversion from a private limited company to a public limited company was issued to the Company by the RoC on August 25, 2021
It is the largest company 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. According to CRISIL, Its ‘Manyavar’ brand is a category leader in the branded Indian wedding and celebration wear market with a pan-India presence, as of Financial Year 2020. It has established a multi-channel network and introduced brands by identifying gaps in the under-served and high-growth Indian wedding and celebration wear category (Source: CRISIL Report). The company focuses on spreading India’s vibrant culture, traditions and heritage through our aspirational yet value for money brands at a diverse range of price points. Its profit for the year for Financial Years 2019, 2020 and 2021 was Rs.176.43 crore, Rs.236.63 crore and Rs.132.90 crore, respectively.
Objects Of The Offer:
- achieve the benefits of listing the Equity Shares on the Stock Exchanges; and
- carry out the Offer for Sale of up to 36,364,838 Equity Shares by the Selling Shareholders.
Vedant Fashions Limited IPO Details:
Issue Amount : Upto Rs 3,149.19 Cr
Post Issue Implied Market Cap: Upto ₹ Cr at Upper band
Total shares on offer : Upto #36,364,838 Equity Shares
Face Value : ₹1 per share
Price Band : ₹824 to ₹866
Lot Size : 17 shares
IPO Registrar : Kfintech Private Limited.
Vedant Fashions Limited IPO Timeline, IPO Open Date, Listing Date, Refund Date
| IPO Open Date | Feb 04, 2022 |
| IPO Close Date | Feb 08, 2022 |
| Time | 10 AM to 5 PM |
| Basis of Allotment Date | Feb 11, 2022 |
| Initiation of Refunds | Feb 14, 2022 |
| Credit of Shares to Demat Account | Feb 15, 2022 |
| IPO Listing Date (Trading commence) NSE & BSE | Feb 16, 2022 |
Offer Breakup
| Category | Allocation |
|---|---|
| Qualify Institutional Bidders (QIB) | 50% |
| Non Institutional Byers (NIB) | 15% |
| Retail Individual Investor (RII) | 35% |
| Employee | – |
Important Financial Data:
For the year/period ended (₹ in Crore) Last Three Year
| Particulars (in ₹ Crore) | As at March 31, 2021 | As at March 31, 2020 | As at March 31, 2019 |
|---|---|---|---|
| Total Assets | 1,626 | 1,592 | 1,319 |
| Total Revenue | 625 | 948 | 820 |
| Net Profit & Loss for the period | 133 | 237 | 176 |
Prospectus Document:
Download RHP File
Download DRHP File
What is Vedant Fashions Limited IPO?
Issue Amount : Upto Rs 3,149.19 Cr.
What is Vedant Fashions IPO?
What is Manyavar IPO?
Vedant Fashions IPO is a main-board IPO. They are going to raise ₹3,149.19 Crores via IPO. The issue is priced at ₹824 to ₹866 per equity share. The IPO is to be listed on BSE & NSE.
Vedant Fashions Limited IPO Open?
04 Feb 2022 to 08 Feb 2022.
When Vedant Fashions Limited IPO will open?
The IPO is to open on 04 February 2022 for QIB, NII, and Retail Investors.
Registered Office
Registered and Corporate Office:
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: complianceofficer@manyavar.com;
Website: www.vedantfashions.com
Corporate Identity Number: U51311WB2002PLC094677
How to apply on Zerodha, Vedant Fashions Limited IPO through Zerodha?
Zerodha customers can apply online in Tarsons Products IPO using UPI as a payment gateway. Zerodha customers can apply in Vedant Fashions Limited IPO by login into Zerodha Console (back office) and Select an I.P.O application form.
Steps to apply in Vedant Fashions Limited IPO through Zerodha.
1. Visit the Zerodha website or Kite App and login to Zerodha.
2. Go to Console area and click the IPOs link.
3. Go to the ‘Vedant Fashions Limited IPO’ row and click the ‘Bid’ button.
4. Enter your UPI ID, Quantity, and Price.
5. ‘Submit’ IPO application form.
6. After Successfully submitting application, Visit the UPI App and approve the mandate (Enter your UPI pin & pay the ipo amount)
7. IPO application is complete you can chek status on zerodha console.