Manyavar IPO (Vedant Fashions Ltd IPO)

IPO Date: 4th - 8th Feb 2022

Price Band

₹824 to ₹866

Issue Size

₹3,149.19 Cr

Market Lot


Face Value

₹1 Per Share

About Manyavar IPO (Vedant Fashions Ltd IPO)

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 ( 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.

Competitive Strength

  • Market leader in the Indian celebration wear market
  • Large and growing Indian wedding and celebration wear market
  • Omni-channel network of seamlessly integrated business
  • Technology-based strong supply chain and inventory systems
  • The experienced and professional leadership team

Objects of the Issue

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.

Manyavar IPO (Vedant Fashions Ltd IPO) Details

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

Manyavar IPO (Vedant Fashions Ltd IPO) Tentative Timetable

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 (Vedant Fashions Ltd IPO) FAQs

What is Manyavar IPO?

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.

When Manyavar IPO will open?

The Manyavar IPO opens on Feb 4, 2022 and closes on Feb 8, 2022.

What is the lot size of Manyavar IPO?

Manyavar IPO lot size is 17 Shares and the minimum order quantity is 17 Shares.

How to apply for Manyavar IPO?

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.

When Manyavar IPO allotment?

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

When is Manyavar IPO listing date?

The Manyavar IPO listing date is not yet announced. The tentative date of Manyavar IPO listing is Feb 16, 2022.

How to subscribe Manyavar IPO (Vedant Fashions Ltd IPO)?

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).

What is Manyavar IPO (Vedant Fashions Ltd IPO) Price Band?

Manyavar IPO (Vedant Fashions Ltd IPO) Price Band is ₹824 to ₹866 per equity share.

How to Apply in Manyavar IPO with SMC?

  • 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.

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