Vedant Fashions Limited (Manyavar IPO) Review
Vedant Fashions Limited has a varied array of products that serve the Indian celebration wear market. Customers may visit the company’s one-stop shop for a wide range of product options for every joyous event.
Manyavar, (ii) Mohey, (iii) Mebaz, (iv) Manthan, and (v) Twamev are some of the company’s brands. In terms of sales, OPBDIT, and profit after tax for the fiscal year 2020, Vedant Fashions was the largest in India in the men’s Indian wedding and celebration wear market.
The majority of the company’s business is conducted through franchise-owned exclusive brand outlets (EBOs), with the remainder conducted through multi-brand outlets (MBOs), large format shops (LFSs), and online platforms such as its website (www.manyavar.com) and mobile application.
As of September 30, 2021, the firm had a retail footprint of 1.2 million square feet, which included 535 EBOs (including 55 shop-in-shops) spread over 212 cities and towns in India, as well as 11 EBOs in the United States, Canada, and the UAE.
| IPO Opening Date | Feb 4, 2022 |
| IPO Closing Date | Feb 8, 2022 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹1 per equity share |
| IPO Price | ₹824 to ₹866 per equity share |
| Market Lot | 17 Shares |
| Min Order Quantity | 17 Shares |
| Listing At | BSE, NSE |
| Issue Size | 36,364,838 Eq Shares of ₹1 (aggregating up to ₹3,149.19 Cr) |
| Offer for Sale | 36,364,838 Eq Shares of ₹1 (aggregating up to ₹3,149.19 Cr) |
| QIB Shares Offered | Not more than 50% of the offer |
| Retail Shares Offered | Not less than 35% of the offer |
| NII (HNI) Shares Offered | Not less than 15% of the offer |
| FY2019 | FY2020 |
Revenue | 819.8 | 948.0 |
Expenses | 548.9 | 636.4 |
Net income | 176.5 | 236.5 |
Margin (%) | 21.5 | 24.9 |
| FY2021 | H1 FY2022 |
Revenue | 625.1 | 387.3 |
Expenses | 443.1 | 254.8 |
Net income | 133.0 | 98.4 |
Margin (%) | 21.3 | 25.4 |
FY2019 | FY2020 | |
EPS | 7.04 | 9.45 |
PE ratio | – | – |
RONW (%) | 20.00 | 22.21 |
ROCE (%) | – | – |
EBITDA (%) | 42.21 | 43.55 |
Debt/Equity | – | – |
NAV | 35.25 | 42.56 |
FY2021 | H1 FY2021 | |
EPS | 5.36 | 4.01 |
PE ratio | 153.73 – 161.57 | 102.74 – 107.98* |
RONW (%) | 12.19 | 11.46 |
ROCE (%) | – | – |
EBITDA (%) | 49.88 | 48.90 |
Debt/Equity | – | – |
NAV | 44.03 | 35.45 |
Updated Soon.
Listing Performance of Vedant Fashions Limited (Manyavar IPO)
Listed At : BSE, NSE
Issue Price : ₹824 to ₹866 per equity share
Listing Day Close : Feb 8, 2022
Listing Day Gain : NA
NSE : NA
ISIN CODE : INE825V01034
BSE : NA
Anand Rathi – Not Rated
Capital Market – Neutral
Choice Equity Broking Pvt Ltd – Apply
Dilip Davda – May apply
Edelweiss Broking Ltd – Not Rated
ICICI Direct – Not Rated
TopShareBrokers.com – Avoid
IPO Opening Date | 4 February 2022 |
IPO Closing Date | 8 February 2022 |
Finalisation of Basis of Allotment | 11 February 2022 |
Initiation of refunds | 14 February 2022 |
Transfer of shares to demat accounts | 15 February 2022 |
Listing Date | 16 February 2022 |
Opening Price on NSE | Coming soon |
Closing Price on NSE | Coming soon |
Vedant Fashions Limited
Paridhan Garment Park, 19
Canal South Road, SDF-1
4th Floor, A501-502,
Kolkata 700 015,
West Bengal, India
Phone: +91 33 6125 5495
Email: complianceofficer@manyavar.com
Website: www.vedantfashions.com
Kfin Technologies Private Limited
Selenium Tower B
Plot 31 & 32,
Gachibowli Financial District,
Nanakramguda
Serilingampally,
Hyderabad 500 032
Telangana, India
Phone: +91 40 6716 2222
Email: manyavar..ipo@kfintech.com
Website: www.kfintech.com.com
Vedant Fashions Limited (Manyavar IPO) FAQ's
The Vedant Fashions Limited (Manyavar IPO) is a BSE NSE IPO of 36,364,838 Eq Shares of ₹1 (aggregating up to ₹3,149.19 Cr). The issue is priced at ₹824 to ₹866 per equity share.
The initial public offering (IPO) begins on Feb 4, 2022 and ends on Feb 8, 2022.
The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the BSE and NSE.
The Vedant Fashions Limited (Manyavar IPO) opens on Feb 4, 2022 and closes on Feb 8, 2022..The IPO Issue date may list on Feb 16, 2022.
Vedant Fashions Limited (Manyavar IPO) Market lot size is 17 Shares and the minimum order quantity is 17 Shares.
The finalisation of Basis of Allotment for Vedant Fashions Limited (Manyavar IPO) will be done on Feb 11, 2022. and the allotted shares will be credited to your demat account by Feb 15, 2022. Check the Vedant Fashions Limited (Manyavar IPO) status.
The Vedant Fashions Limited (Manyavar IPO) listing date is on Feb 16, 2022.
Vedant Fashions Limited (Manyavar IPO) applications can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications. Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
Vedant Fashions Limited (Manyavar IPO) Comments
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