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Vedant Fashions IPO

Vedant Fashions Ltd.

₹14,008 /17 sharesMinimum Investment

Vedant Fashions IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE & NSE₹866.00₹935.00₹69.00 (7.97%)

Vedant Fashions IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
4 Feb '22 - 8 Feb '22₹14,00817₹824 - ₹866
Issue SizeIPO Doc
3149.00Cr
RHP PDF

Subscription Status As on 08 Feb '22, 5:00 PM

  • Retail Individual Investor
    0.39x
  • Non-Institutional Investor
    1.07x
  • Qualified Institutional Buyers
    7.49x

About Vedant Fashions

Vedant Fashions focuses on the wedding and celebration wear segment. The company’s brand ‘Manyavar’ has a pan India pres
Parent Organisation
Vedant Fashions Ltd.
Founded
2002
Managing Director
Ravi Modi
Manyavar (Vedant Fashions) IPO Date, Price, Review, Analysis & Details | Upcoming IPO 2022

Strengths & Risks

  • Amongst the top companies in the Indian celebration wear market with a diverse portfolio of brands.
  • The largest company in India in the men’s Indian wedding and celebration wear segment in terms of revenue, Operating Profit Before Depreciation, Interest, and Taxes (OPBDIT), and profit after tax for the Financial Year 2020, as per a report by CRISIL.
  • Three distinctive brands in the men’s Indian wedding and celebration wear market, each catering to a different segment of the market - value, mid-premium, and premium price points.
  • Exclusive brand outlet retail space of approximately 1.1 million square feet in 193 cities in India and 8 cities internationally, as of March 31, 2021.
  • Both online and offline presence through websites and retail stores.
  • The company has recorded profits in the past three financial years.
  • A significant level of dependency on third parties for some production processes and activities.
  • Company’s warehouse and factory are exclusively based in a single geographical region - around Kolkata - which exposes the company’s supply chain to regional risks.
  • Selling shareholders will be entitled to the proceeds of the IPO and the company will not benefit from such proceeds.
  • Business is highly dependent on the organization of weddings, festivals, and other ethnic celebrations, and may be affected by seasonal variations.
  • An overseas presence with 11 franchisee-owned exclusive brand outlets in the United States, the United Arab Emirates, and Canada - posing potential risks due to geopolitical factors, exchange rate fluctuations, or other related issues.
  • Outstanding legal proceedings involving the company, its subsidiary, directors, and Promoters.

Financials

*All values are in Rs. Cr
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