Vedant Fashions (Manyavar) IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 04 Feb 2022 - 08 Feb 2022
Issue Size ₹3149.19 Cr
Issue Price ₹824-866
Market Lot 17 Shares
Shares on Offer
Registrar KFintech
GMP ₹24-26
Kostak ₹250
Subject to Sauda ₹600
Listing Date 16 Feb 2022
Listing Price N/A
Listing Gain% N/A

About Vedant Fashions (Manyavar) Limited

Under the umbrella of Vedant Fashions Limited (formerly known as Vedant Fashions Pvt. Ltd.) and paving the path for a happier family, the brand introduced Mohey, Indian wedding and celebration wear for women, in 2015 and acquired one of the biggest fashion brands in southern India, Mebaz, in 2018, a one-stop heritage brand catering to the entire family, with an established presence in the states of Andhra Pradesh and Telangana.

Timeless and iconic attires have cemented Manyavar’s reputation across the world with a commanding retail presence of 600+ stores in over 200 cities and in 3 countries with 11 international stores in U.A.E & U.S.A.

Company Promoters

Ravi Modi, Shilpi Modi and Ravi Modi Family Trust are the company promoters.

Company Financials

Particulars 31-Mar-21 31-Mar-20
Total Assets (In ₹ Millions) 16,256.53 15,915.53
Total Revenue (In ₹ Millions) 6,250.19 9,479.76
Profit After Tax (PAT) (In ₹ Millions) 1,329.03 2,366.37

Grey Market Premium Updates

Date GMP Kostak Subject to Sauda
07 Fev 2022 ₹24-26 ₹250 ₹600

Strengths & Weaknesses

Strength
Weakness

Vedant Fashions (Manyavar) Limited IPO Reviews

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Subscription Details

Date & Time QIB NII RII Total
Day 1 - 04 Feb 2022 0.06 0.06 0.22 0.14
Day 2 - 07 Feb 2022 0.11 0.09 0.31 0.21
Day 3 - 08 Jan 2022 7.49 1.07 0.39 2.57

Allotment Status

Please click the link below to check the IPO allotment status.

IPO Allotment Status

Vedant Fashions (Manyavar) Limited IPO FAQs

  1. When will Vedant Fashions (Manyavar) Limited IPO open?

    Vedant Fashions (Manyavar) Limited IPO will open on 04 Feb 2022 and close on 08 Feb 2022.

  2. What is the listing date of Vedant Fashions (Manyavar) Limited IPO?

    Vedant Fashions (Manyavar) Limited IPO will list on 16 Feb 2022.

  3. What is the offer price of Vedant Fashions (Manyavar) Limited IPO?

    The offer price of Vedant Fashions (Manyavar) Limited IPO is ₹824-866.

  4. What is the lot size of Vedant Fashions (Manyavar) Limited IPO?

    The lot size of Vedant Fashions (Manyavar) Limited IPO is 17.

  5. What is the Grey Market Premium (GMP) price of Vedant Fashions (Manyavar) Limited IPO?

    The Grey Market Premium (GMP) price of Vedant Fashions (Manyavar) Limited IPO is ₹24-26.

  6. What is the Kostak price of Vedant Fashions (Manyavar) Limited IPO?

    The Kostak price of Vedant Fashions (Manyavar) Limited IPO is ₹250.

  7. What is the Subject to Sauda price for Vedant Fashions (Manyavar) Limited IPO?

    The Subject to Sauda price for Vedant Fashions (Manyavar) Limited IPO is ₹600.

Vedant Fashions (Manyavar) Limited IPO Review/Comments

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