{"id":1198,"date":"2022-02-03T16:53:17","date_gmt":"2022-02-03T16:53:17","guid":{"rendered":"https:\/\/www.invest19.com\/blog\/?p=1198"},"modified":"2022-02-03T16:53:18","modified_gmt":"2022-02-03T16:53:18","slug":"vedant-fashion-to-raise-rs3149-19-crores-through-ipo","status":"publish","type":"post","link":"https:\/\/www.invest19.com\/blog\/vedant-fashion-to-raise-rs3149-19-crores-through-ipo\/","title":{"rendered":"Vedant fashion to raise Rs3149.19 crores through IPO"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div>\n<p>The second mainline IPO of the year 2022 is here.\nVedant Fashion, popularly known as &#8220;Manyavar&#8221;, is a brand that made\nwedding attire for grooms easy to find. Vedant fashion is also to open its\nwindow for the subscription of its IPO to raise a whopping amount of Rs 3149.19\ncrores.<\/p>\n\n\n\n<p>As per the reports of CRISIL, for the financial\nyear 2020, Vedant Fashions is the largest company in India in the men&#8217;s Indian\nwedding and celebration wear segment in terms of revenue, OPBDIT, and profit\nafter tax. For the same year, Crisil also reported Manyavar\u2019s brand is a\ncategory leader in the branded Indian wedding and celebration wear market with\na pan-India presence. The firm&#8217;s portfolio of products includes a diverse range\nof attires and accessories, each conceptualized by our designers who have\nexperience in serving the distinct regional preferences of the Indian customer.\n<\/p>\n\n\n\n<p><strong>Manyavar\nhas an omnichannel presence. It is available to end customers:<\/strong><strong><\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Franchise-owned exclusive\nbrand outlets (our \u201cebos\u201d), <\/li><li>Multi-brand outlets (\u201cmbos\u201d),\n<\/li><li>Large-format stores (\u201clfss\u201d),\n<\/li><li>Online platforms, including\nwebsite (www.manyavar.com) and mobile applications.<\/li><\/ul>\n\n\n\n<p><strong>IPO Details<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Industry: Retail<\/li><li>IPO Size: 3149.19cr<\/li><li>Offer for Sale: &nbsp;Rs3149.19cr<\/li><li>Price Band: Rs824-866<\/li><li>Issue Open Date: 4 Feb 2022<\/li><li>Issue Close Date: 8 Feb 2022<\/li><li>Listing Date: 16 Feb 2022<\/li><li>Minimum Lot Size: 17 Shares<\/li><li>Face Value: Re 1<\/li><li>Listing Exchange: NSE, BSE<\/li><li>Min. Investment- -14,722<\/li><li>Max. Investment: &#8211;191,386<\/li><li>QIB: 50%<\/li><li>Retail: 35%<\/li><li>HNI: 15%<\/li><\/ul>\n\n\n\n<p>The IPO consists of an offer for sale of\n36,364,838 equity shares, thus the company will not be getting any proceeds\nfrom the same. The only aim of the IPO is to get the benefit of the listing on\nthe stock exchange. <\/p>\n\n\n\n<p><strong>In\nthis IPO following shareholders will sell their shares:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Rhine Holdings Limited- 17,459,392\nequity shares<\/li><li>Kedaara Capital Alternative\nInvestment Fund-Kedaara Capital Aif- 723,014 shares<\/li><li>Ravi Modi Family Trust-18,182,432\nshares<\/li><\/ul>\n\n\n\n<p>Axis\nCapital Limited, Edelweiss Financial Services Limited, ICICI Securities\nLimited, IIFL Securities Limited, Kotak Mahindra Capital Company Limited are\nacting as lead managers of the IPO and Kfintech is the registrar.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignright size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.invest19.com\/blog\/wp-content\/uploads\/2022\/02\/Untitled.png\" alt=\"Text Box: IPO DETAILS\nIPO Size\tRs3149.19Cr\nPrice Band\tRs824-866\nIssue Open Date\t4 Feb,2022\nIssue Close Date\t8 Feb,2022\nListing Date\t16 Feb,2022\nFace Value\tRe 1\nMinimum Investment\tRs14,722\nMaximum Investment\tRs191,386\nLot Size\t17 shares\nGrey Market premium\tRs50\nInvest19.com\n\n\" class=\"wp-image-1200\" width=\"254\" height=\"263\"\/><\/figure><\/div>\n\n\n\n<p>In\nthe year 2020, the firm ticked a profit of Rs 2366.76million, up by 34.12% from\nRs 1764.27 million earned in Fy2019. However in the year FY2021 firm did report\na profit of Rs1329.03 million, down by 4.3% at Rs1329.03 million. Covid and\nrestriction on weddings played a major role in pushing the profit of the\ncompany down.<\/p>\n\n\n\n<p>Manyavar has\nestablished a multi-channel network and introduced brands by identifying gaps\nin the under-served and high-growth Indian wedding and celebration wear\ncategory. Further, it has no major competitors in the same category which serves\nas one of the biggest advantages for the firm. The company also has some solid\nfinancial backing with reliable numbers, which makes Vedant Fashion a trustable\ncompany to invest in. <\/p>\n\n\n\n<p>However, an investor must do their research before\ninvesting in the market, as markets are b=subject to uncertain risk. To know\nmore about Vedant fashion, visit <a href=\"https:\/\/www.invest19.com\/ipo\/details.php?PageID=94\">invest19.com<\/a><\/p>\n<div class='epvc-post-count'><span class='epvc-eye'><\/span>  <span class=\"epvc-count\"> 2,650<\/span><\/div><div class=\"pld-like-dislike-wrap pld-template-1\">\n    <div class=\"pld-like-wrap  pld-common-wrap\">\n    <a href=\"javascript:void(0);\" class=\"pld-like-trigger pld-like-dislike-trigger \" title=\"\" data-post-id=\"1198\" data-trigger-type=\"like\" data-restriction=\"ip\" data-ip-check=\"0\" data-user-check=\"1\">\n                        <i class=\"fas fa-thumbs-up\"><\/i>\n                    <\/a>\n    <span class=\"pld-like-count-wrap pld-count-wrap\">4    <\/span>\n<\/div><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>The second mainline IPO of the year 2022 is here. Vedant Fashion, popularly known as &#8220;Manyavar&#8221;, is a brand that made wedding attire for grooms [&hellip;] <span class=\"read-more-link\"><a class=\"read-more\" href=\"https:\/\/www.invest19.com\/blog\/vedant-fashion-to-raise-rs3149-19-crores-through-ipo\/\">Read More<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":1201,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70,2,7,10],"tags":[],"class_list":["post-1198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","category-stock-market","category-investment","category-featured"],"_links":{"self":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/1198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/comments?post=1198"}],"version-history":[{"count":2,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/1198\/revisions"}],"predecessor-version":[{"id":1203,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/1198\/revisions\/1203"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/media\/1201"}],"wp:attachment":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/media?parent=1198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/categories?post=1198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/tags?post=1198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}