Vedant Fashion Ltd IPO Details with Share Price Range and Issue Size | Motilal Oswal

Vedant Fashion Ltd IPO

 

Opening Date

February 4, 2022

Closing Date

February 8, 2022

Issue Type

Book Built Issue

Face Value

₹1 per equity share

IPO Price Band

₹824 to ₹866 per equity share

Minimum Order Quantity

17 Shares

Issue Size

₹3149.19 Crores

The calendar year 2021 witnessed a great number of companies coming out with their IPOs. Statistically, more than 60 companies recorded issuing IPOs to raise around 1.18 Lakh Crores in the primary markets. New age companies such as Zomato, Nykaa, and PayTm paved the way for other Indian unicorns to join the list of companies listed on the stock exchanges. Now, with the year 2022 taking off, eyes are all set upon major IPOs such as LIC, Ola and Delhivery. While the dates for these IPOs are surely awaited, here is an IPO that we think might interest you. Coming out in the first week of February, the company Vedant Fashion is going live for subscription. Let’s take a look at all the details that you want to know about this IPO.

  • About the Company -

Vedant Fashion 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, the coThe Kolkata based Vedant Fashions is a leading Ethnic wear company  in the category of Indian wedding and celebration wear with pan India presence. The company manages its brands such as (i) Manyavar, (ii) Mohey, (iii) Mebaz, (iv) Manthan, and (v) Twamev

In Financial Years 2019, 2020 and 2021 and the three months ended June 30, 2021, 92.20%, 91.14%, 90.14% and 87.79% of the Sales of the Customers, respectively, was generated by franchise-owned exclusive brand outlets (our “EBOs”), with the remaining by multi-brand outlets (“MBOs”), large format stores (“LFSs”) and online platforms, including our website (www.manyavar.com) and mobile application.

  • Vedant Fashion Ltd IPO details -

Let’s now move onto the main part of this article. Here, we’re going to be looking at some of the most important details of this latest IPO viz - Vedant Fashion Ltd IPO date and it’s share price.

  • Vedant Fashion Ltd IPO date -

According to the Red Herring Prospectus filed by the company, the public issue of the equity shares is slated to go live from 4th February, 2022 and will be available for subscription until 8th February 2022.

  • Vedant Fashion Ltd IPO issue size -

The IPO will bring out a total offer for sale aggregating up to ₹3149.19 Crores

  • Vedant Fashion Ltd IPO share price

The price band of the company’s upcoming IPO is decided to be ₹824 to ₹866 per equity share

  • Vedant Fashion Ltd IPO listing

Since the IPO of Vedant Fashion Ltd is from the mainboard, it would be listed on both - the National Stock Exchange (NSE) as well as the Bombay Stock Exchange (BSE)

  • Vedant Fashion Ltd Strengths
  1. Market leader in the Indian celebration wear market with a diverse portfolio of brands catering to the aspirations of the entire family.
  2. Large and growing Indian wedding and celebration wear market driven by an increased spending on such wear.
  3. Differentiated business model combining the strengths of retailing with branded consumer play.
  4. Omni-channel network with the seamless integration of our online and offline channels.
  5. Technology-based strong supply chain and inventory replenishment systems driven by system-wide data analytics, strong processes and longstanding vendor relationships.
  6. Experienced and professional founder-led leadership team
  • Vedant Fashion Ltd Risks
  1. Highly concentrated on a single discretionary product category – Indian wedding and celebration wear
  2. Dependence on Key brand “Manyavar”for a significant portion of revenue.
  3. Seasonal variations in weddings , festivals and other ethnic celebrations may have an impact on business
  4. A significant portion of the Sales  are by franchisee-owned EBOs
  5. The celebration wear industry in India is competitive, with several regional brands and unorganized retailers present in local markets across the country
  • Vedant Fashion Ltd IPO objectives

The Company proposes to utilize the Net Proceeds towards the following objects:

  1. To achieve the benefits of listing the equity shares on the stock exchanges
  2. To carry out an offer for sale of  upto 36,364,838 equity shares by promoters aggregating up to Rs. 3149.19 crores
  • Vedant Fashion Ltd IPO Offer details -

- Offer reserved for QIB (Qualified Institutional Buyers) - 50%

- Offer reserved for retail investors - 35% for

- Offer reserved for NIBs (non-institutional investors) - 15%

Conclusion

If you are excited about this upcoming IPO and want to invest in it, you will first need to have an online DEMAT Account of your own! And to get it for Free*, all you need to do is sign-up with Motilal Oswal.

If you already have an existing account, you can  start your online trading and invest in the upcoming IPO's.

With a plethora of companies coming forward with their own IPOs in quick succession, you can keep a track of all the upcoming IPOs by regularly following our IPO calendar.

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