Vedant Fashions Limited

IPO Size

`3149.19 Cr

Price Band

`824-866 Per Share

Minimum Lot Size

17 Share

Face Value

`1 Per Share

Employee Discount


Retail Allocation


Issue Open Date

4 Feb,2022

Issue Close Date

8 Feb,2022

Listing Date

16 Feb,2022

About the Company:

As per the reports of CRISIL, Vedant Fashions 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. As of financially ear 2020, ‘Manyavar’ brand is a category leader in the branded Indian wedding and celebration wear market with a pan-India presence. The company has established a multi-channel network and introduced brands by identifying gaps in the under-served and high-growth Indian wedding and celebration wear category.


The firm's portfolio of products includes a diverse range of attires and accessories, each conceptualized by our designers who have experience in serving the distinct regional preferences of the Indian customer.


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 our 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 ( and mobile application.

Outstanding Litigation:

S.No.  Company  Directors  Promoters
Entity Name By the Company Against the Company By the Director Against the Director By the Promoter Against the Promoter
Criminal cases - 3 - - - -
Material civil cases - - - - - -
Taxation matters - - - - - -
Regulatory Proceedings - 5 - - - -

Financial Statements:

Income Statement(in Milllions) FY21 FY20 FY19
Gross Operating Income 6,250.19 9,479.76 8,197.99
Cost of Employee & Inventory 381.07 532.96 472.13
Other Expenses 3,217.51 5,217.95 4,649.31
EBITDA 3,032.68 4,261.81 3,548.68
Depreciation 955.29 887.34 643.00
Finance Cost 258.22 256.06 196.30
Profit/Loss Before Tax 1,819.17 3,118.41 2,709.38
 Tax 490.14 752.04 945.11
Profit After Tax 1,329.03 2,366.37 1,764.27

Promoter of the Company

Ravi Modi, Shilpi Modi, And Ravi Modi Family Trust

Peer Comparison

• No listed Peer

Objectives of the Issue

Offer for Sale

The IPO aims to utilize the net proceed for the following objectives; • To achieve the benefits of listing the equity shares on the stock exchanges; and • To carry out the Offer for Sale of up to 36,364,838 equity shares by the selling shareholders.

Download the App

Get best experience

Download Now