In the new IPO information, we are going to talk about the Manyavar Vedant Fashions IPO, this IPO is listed recently. Manyavar Vedanta Fashion IPO Price Listing Date Closing Date and How Much Price IPO Will Come, We will know all about it in this information.
It is India’s largest company in men’s Indian wedding and festive wear in terms of revenue, OPBDIT and profit after tax for the financial year 2020 According to CRISIL, its ‘Manyavar’ brand is a pan-India brand in the Indian wedding and festive wear market. With Indian presence, the fiscal year 2020 is a first in a row.
It has established a multi-channel network, and introduced brands by identifying gaps in the under-served and high-growth Indian wedding and celebration wear categories.
The company focuses on spreading the vibrant culture, traditions and heritage of India through our ambitious yet value brands at a diverse range of price points. Its profit for the year stood at Rs 176.43 crore, Rs 236.63 crore and Rs 132.90 crore for the financial years 2019, 2020 and 2021 respectively.
About Manyavar Vedant Fashions Pvt Ltd Company
Founded by Ravi Modi, the company is backed by private equity firm Kedar Capital in India and its other brands include women’s wear, family wear brands Mebaaz Tvmev and Manthan.
Ethnic wear heavyweight Vedanta Fashion Pvt Ltd based in Kolkata which owns the best selling brand Manyavar. They are about to issue their IPO in a ruse with SEBI to raise funds through an initial public offering.
Manyavar Vedant Fashions Company Work
Vedanta Fashion Ltd. The original of Manyavar Mohe and Mebaaz is exquisite. Manyavar Brands A range of branded Indian Wedding and Festive Wear with pan India presence is available in the market.
The company is involved in indo western sherwani kurta jackets and accessories like jutti safa mala and women’s tanik and celebration victory items like lehenga sarees stitched suit gowns and kurtis.
Vedanta Fashion Ltd. formerly known as Vedanta Fashion Pvt Ltd and paving the way for a happy family, the brand introduced Indian wedding and celebration wear for women in 2015 and is one of the largest fashion brands. acquired.
Manyavar Vedant Fashions IPO Price, Closing date Details
Vedant Fashions IPO will open on 4th February 2022 which will close on 8th February 2022. What will be the cost of its IPO and how much we can invest in it at least ₹1408.
Dear Vedant Fashions IPO There will be an allotment of at least 17 IPOs and the price of one IPO is 824 to ₹866.
|Minimum IPO Quantity||17|
|Applicable Time||10:00 AM To 5:00 PM|
Manyavar Vedant Fashions IPO Allotment, Refund, Issue size, Face Value Details
The last date for booking the IPO is 8 February 2022. If is not able to be done, then its refund will be done in your account by 14 February 2022.
Manyavar Vedant Fashions IPO listing date is 16 February 2022. After which you can see it in NSE and BSE.
|Initiation of Refund||14-Feb-2022|
|Credit share DA Account||15-Feb-2022|
|IPO Listing Date||16-Feb-2022|
|Issue Type||Book Built Issue IPO|
|Face Value||₹ 1 Per Equity Share|
|Issue Size||36,364,838 Eq Share of ₹1 (Aggregating up to ₹ in CR)|
|Offer for sale||36,364,838 Eq Share of ₹1 (Aggregating up to ₹ in CR)|
Manyavar Vedant Fashions ipo Promoters
Shilpi Modi, Ravi Modi and Ravi Modi are the promoters of the family trust company.
Company Financial information
Talking about the financial information of Manyavar Vedanta Fashion Company, how much growth revenue this company has made since last year. You can see in the table below
|Total Assets||₹14,455.03 Million||₹16,256.53 million||₹15,915.53 million|
|Total Revenue||₹3,872.90 Million||₹6,250.19 Million||₹9,479.76 Million|
|Profit After Tax||₹984.07 Million||₹1,329.03 Million||₹2366.37 Million|
Strong Facts of Manyavar Vedanta Fashion IPO
- It is the market leader of the Indian celebrity wear market.
- Where is the Indian Wedding Wedding Festival Large and growing apparel market.
- Integrated omni-channel network of business.
- Technology based strong supply chain and inventory system.
- Experienced and Professional Leadership Team
frequently Asked question
What is Manyavar Vedanta Fashion IPO?
Vedanta Fashion is an IPO of Manyavar Company, which is popular in the field of clothing, wedding wear. Which is bringing its IPO under NSC and BSC.
When will Manyavar Vedanta Fashion IPO open?
Vedanta Fashion IPO opening date is 4th February 2022 after which you can book IPL.
When will Vedanta Fashion’s IPO list?
The listing date of Vedant Fashions IPO is 16 February 2022.
What will be the cost of Vedanta Fashion IPO?
Manyavar Vedanta Fashion IPO price ranges from ₹824 to ₹866.
What is the lot size of Manyavar Vedanta Fashion IPO?
The lot size of Manyavar Vedant Fashion IPO is 17.
When is Manyavar Vedanta IPO Listing Date?
This IPO will be listed on NSE and BSE on 16 February 2022.
Manyavar Vedanta Fashion IPO Closing Date?
The last date for booking IPO lots is 8 February 2022.