The company's brands include (i) Manyavar, (ii) Mohey, (iii) Mebaz, (iv) Manthan, and (v) Twamev. Vedant Fashions was the largest 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.
The company operates its business through franchise-owned exclusive brand outlets (EBOs), with the remaining by multi-brand outlets (MBOs), large format stores (LFSs), and online platforms, including its website (www.manyavar.com) and mobile application.
As of September 30, 2021, the company had a retail footprint of 1.2 Mn sq. ft covering 535 EBOs (including 55 shop-in-shops) spanning 212 cities and towns in India, and 11 EBOs overseas across the United States, Canada, and the UAE.
The IPO aims to utilize the net proceed for the following objectives;
| 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 Orher 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 |
The Manyavar IPO open date is Feb 4, 2022, and the close date is Feb 8, 2022. The issue may list on Feb 16, 2022.
| IPO Open Date | Feb 4, 2022 |
|---|---|
| IPO Close Date | Feb 8, 2022 |
| Basis of Allotment Date | Feb 11, 2022 |
| Initiation of Refunds | Feb 14, 2022 |
| Credit of Shares to Demat Account | Feb 15, 2022 |
| IPO Listing Date | Feb 16, 2022 |
Manyavar IPO is a main-board IPO of 36,364,838 equity shares of the face value of ₹1 aggregating up to ₹3,149.19 Crores. The issue is priced at ₹824 to ₹866 per equity share. The minimum order quantity is 17 Shares.
The IPO opens on Feb 4, 2022, and closes on Feb 8, 2022.
KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Manyavar IPO opens on Feb 4, 2022 and closes on Feb 8, 2022.
Manyavar IPO lot size is 17 Shares and the minimum order quantity is 17 Shares.
You can apply in Manyavar IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services.
The finalization of Basis of Allotment for 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 IPO allotment status
The Manyavar IPO listing date is not yet announced. The tentative date of Manyavar IPO listing is Feb 16, 2022.
If you have a demat account, most banks offer the online IPO application. You could also contact SMC Global or your broker to apply in Manyavar IPO (Vedant Fashions Ltd IPO).
Manyavar IPO (Vedant Fashions Ltd IPO) Price Band is ₹824 to ₹866 per equity share.
To Bid online, you need
Demat Account and Pan card.
Login to SMC account and
select the Manyavar IPO
Enter UPI Id & Mobile number
Place your number of bids
with the exchange
A UPI mandate is sent to your
UPI App to block your funds.
