Vedant Fashions IPO Review, Dates & Financial Details 2022

The Vedant Fashions IPO will hit the market soon, and you can apply for the IPO from 4th February to 8th February 2022. Vedant Fashions is planning to raise ₹ Crores through an IPO which consists of an OFS (Offer For Sale) worth 36.36 million shares by existing shareholders.

Vedant Fashion is known for its ethnic wear brand “Manyavar”. The company offers a wide variety of clothing accessories for celebrations, weddings, and cheering moments. 

In total Vedant fashion has 5 brands under there – Mohey, Manyavar, Mebaz, Manthan, Twamev. In FY 2020, they were one of the top sellers in men’s celebrations and wedding clothing accessories.

The main business of the company comes from franchise-based outlets, multi-brand outlets, large format stores, online shopping on website – (www.manyavar.com), and mobile application. 

They have 535 stores in 212 cities in India. They also operate 11 stores in the United States, Dubai, and Canada.

Vedant Fashions IPO

Vedant Fashions IPO Dates & Price Band:

Open date 4th February 2022
Close date 8th February 2022
Total Size of IPO₹3149 Cr.
Fresh Issue ₹0 Cr.
Offer for Sale₹3149 Cr.
Price Band₹824- ₹866
Face Value₹1 per share
Listing onNSE and BSE
Retail Investor’s Portion35%

Vedant Fashions IPO Market Lot:

The minimum market lot of Vedant Fashions IPO is 17 shares with 14722 applications. Retail investors can apply for 13 lots with 221 shares application worth1,91,386.

ApplicationLotSharesCut Off Amount
Minimum (RII)117₹14,722
Maximum (NII)13221₹1,91,386

Should you subscribe to Vedant Fashions IPO?

We have researched and mentioned the strengths and risks of the Vedant Fashions IPO. The final verdict will help you make the right decision.

Strength – 

  • Leading market player in the field of ethnic wear clothing. 
  • Technology-based strong exclusive brand outlet chain and inventory management system. 
  • Expanding to other countries can be helpful for profit growth.

Risks –

  • Profits have decreased in FY 2021. This may be due to covid restrictions for marriages and functions.

Honest Reviews – 

Till 2020 the profits of Vedant Fashion have shown rise as compared to past. But due to restrictions for marriages and celebrations, the profit growth has declined somewhat. The company has a very strong brand called “Manyavar” which is quite famous for wedding ceremonies. Once things start getting normalized we hope to see the rise in revenue and profits again. 

Investors can invest for the listing gains in the Vedant Fashion IPO. It’s early to predict but the Vedant Fashion IPO can give great listing gains. You can keep a track of Vedant Fashion IPO GMP here.

Objectives IPO – 

  • To carry the OFS of 36.36 million shares and achieve benefits of listing on NSE and BSE.

Vedant Fashions IPO Allotment & Listing Dates:

Vedant Fashions IPO’s open date is 4th February and the closing date is 8th February. Allotment of shares will be done on 11th February and the listing date on NSE & BSE is 16th February 2022.

Allotment Date for Vedant Fashions- 11th February 2022
Refund Date for Vedant Fashions – 14th February 2022
Credit of Shares to Demat Account 15th February 2022
Listing Date for Vedant Fashions – 16th February 2022

Applying IPO through the form: 

Besides applying IPOs through ASBA application or through Demat accounts you can also apply to IPOs with the help of forms provided by NSE or BSE. This is one of the traditional and safe ways to apply for an IPO subscription. Download the form through this link and fill the form carefully. You have to submit your filled form to the bank or broker.

Financials of Vedant Fashions IPO:

The financials of Vedant Fashions are good. From 2019 the revenue numbers are increasing constantly. Net income is also increasing slightly. Upcoming financial numbers are expected to be good so we suggest investors apply for the IPO.

YearRevenue (₹ in Cr.)Expense (₹ in Cr.)PAT Net Income (₹ in Cr.)
2019829548175
2020 956633237
2021 629446133
2022 6M17811744.8

Vedant Fashions IPO FAQs:

When will Vedant Fashions IPO open for Investors?

Vedant Fashions IPO will open on 4th February 2022 and will close on 8th February 2022.

What is Vedant Fashions IPO Retail Portion?

The portion allocated for retail investors in Vedant Fashions IPO is 35%

How to apply for Vedant Fashions IPO?

You can apply Vedant Fashions IPO in 3 ways:
Open a Demat account through a bank or brokerage firm and apply through it.
Apply via ASBA application online through your bank.
Fill up the offline IPO form and submit it to the bank or broker.

Should I invest in Vedant Fashions IPO?

Till 2020 the profits of Vedant Fashion have shown rise as compared to past. But due to restrictions for marriages and celebrations, the profit growth has declined somewhat. The company has a very strong brand called “Manyavar” which is quite famous for wedding ceremonies. Once things start getting normalized we hope to see the rise in revenue and profits again. 

What is the allotment date for Vedant Fashions shares?

11th February 2022 is the allotment date for Vedant Fashions shares.

What is the listing date for Vedant Fashions IPO?

16th Feb 2022 is the listing date for Vedant Fashions. It will be listed on NSE and BSE.

What is the cutoff price for Vedant Fashions IPO?

The cutoff price for Vedant Fashions IPO is per share.

Will Vedant Fashions IPO give listing gains?

Investors can invest for the listing gains in the Vedant Fashions IPO. It’s early to predict but Vedant Fashions IPO can give great listing gains by seeing its grey market premium. You can keep a track of  Vedant Fashions GMP here.

How to Apply the Vedant Fashions IPO through Upstox?

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

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