Vedant Fashions IPO | Vedant Fashions IPO Allotment Status | Vedant Fashions Limited IPO (Manyavar IPO) Detail
Vedant Fashions IPO :The IPO issue of Vedant Fashion is open on 04 February 2022 and will close on 08 February 2022. The price band of this IPO is Rs 824-866 and one lot will have 17 stocks and the minimum investment will be Rs 14,408 only. The company has set a target of raising Rs. 3,149.19 crore from this issue.
Vedant Fashions Limited (Manyavar) IPO Details
| Particulars | Details |
|---|---|
| Bidding Status | Open |
| Bidding Period | 4th February 2022 to 8th February 2022 |
| Allotment of Shares | 11th February 2022 |
| Face Value | Rs.1 per equity share |
| Listing on | NSE, BSE |
| Bid Lot | 17 Shares |
| Minimum Order Quantity | 17 Equity shares |
In this blog we will tell you how to check Vedant Fashion IPO allotment status but first let’s look at the small details of Vedant Fashion.
What does Vedant Fashions Pvt. Ltd. do?
Vedant Fashion Limited is a Kolkata based company which was incorporated on 24 May 2002. It is a public limited company. Vedant Fashions is an Indian brand owned by Shri Ravi Modi. It has many Indian stores as well as overseas stores. The company operates its business through other franchise brands, multi-brand outlets, mega stores and online platforms.
Vedant Fashions Ltd. is known for its vibrant designs and varied collection of Indian wear and is most popular for Indian wedding and celebration wear. Vedant Fashions has 5 brands which are (i) Manyavar, (ii) Mohey, (iii) Mebaz, (iv) Manthan, and (v) Twamev.
Manyavar is the key brand of Vedant fashions it has huge contribution of 84.2 % of Vedant Fashions total revenue on financial year 2021 and the other hand Mohey has 7.5 % of it. The company has planning to expanding his retail business, the company is market leader in Indian Celebration wear market.
Vedant Fashions Ltd. Company Financials Data Summary
| Particulars | 2021 | 2020 | 2019 |
| Total Assets | 1,626 Crore | 1,592 Crore | 1,318 Crore |
| Total Revenue | 625 Crore | 948 Crore | 820 Crore |
| Profit | 133 Crore | 238 Crore | 176 Crore |
Vedant Fashions IPO Allotment Overview
Important Dates in Vedant Fashion IPO
| Bidding Open | 04-02-2022 |
| Bidding Close | 08-02-2022 |
| Allotment Date | 11-02-2022 |
| Initiation of Refunds ( if not allotted) | 14-02-2022 |
| share credit in Demat account | 15-02-2022 |
| Vedant Fashions IPO Listing Date | 16-02-2022 |
Vedant Fashions(Manyavar) IPO Details
| Particular | Details |
|---|---|
| IPO Name | Vedant Fashions Limited – Manyavar |
| Issuing Company | Vedant Fashions Pvt. Ltd. |
| IPO Registrar | KFintech Private Limited |
| Promoters | Ravi Modi, Shilpi Modi, Ravi Modi family trust. |
| Type of issue | Book Built Issue |
| Size of IPO | Eq. Shares of Rs.1 (3,149.19 Crore) |
| IPO price band | Rs.824 to Rs.866 per equity share |
| Bidding Period | 4th February 2022 to 8th February 2022 |
| Face Value | Rs.1 per equity share |
| Listing on | NSE, BSE |
| Bid Lot | 17 Shares |
| Minimum Order Quantity | 17 Equity shares |
| Website | https://www.vedantfashions.com/ |
| Registration Portal | https://karisma.kfintech.com/ |
How To Check Vedant Fashions IPO Allotment Status via BSE:
Step 1: Click on the below mention link or go for the BSE website: https://www.bseindia.com/static/investors/application_statuschecksystem.aspx
Step 2 : Scroll Down and find the link Application Status Check or click here to redirect.
Step 3: Now you will be redirected to new page here you have to fill required details or make selection.
- select the issue type click on Equity
- Now Choose here IPO Name (Vedant Fashions Limited – Manyavar)
- Now you have to enter your IPO Bidding Application number in the box which you received on your mobile through SMS when you made your booking otherwise you can find the details in your Demat account.
- Finally enter your PAN Card number and check the captcha box then You will get Your Booking Details.
GMP Vedant Fashions IPO
As of now (11-02-2022) the GMP of Vedanta Fashion IPO is Rs 10, which is unchanged from yesterday’s GMP and may go up after the allotment is completed.
FAQ
What is the listing date of Vedant Fashions ?
The tentative date for listing of Vedant Fashions is 16 February 2022
Who is the Managing Director of Vedant Fashions Pvt Ltd ?
Mr. Ravi Modi Is the Managing Director of Vedant Fashions Pvt Ltd
What is the minimum amount to invest in Vedant Fashions IPO?
You can bid for 1 lot which has 17 stocks and the Minimum investment amount is Rs 14008.
Who is Vedant Vedant Fashions IPO Registrar?
KFintech Private Limited is the Registrar of this IPO.
How to check Vedant Fashions IPO Allotment Status
To check your Vedanta Fashion IPO allotment status you have two options, first visit the official website of BSE and second visit the registrar website and check the respective IPO status.
we have Provided the First Option in the Above Article to check Vedant Fashions IPO Allotment Status
please see also
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