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IPO Status: Listed [4th Feb 2022 to 8th Feb 2022]
Vedant Fashions IPO of Rs. 3149.19 Cr to hit the market soon to list on the BSE and NSE platform. The IPO opens for subscription from 4 Feb to 8 Feb 2022. The IPO price band is fixed at Rs. 824-866 and the lot size is 17 shares.. Stay updated with us to know more about the Vedant Fashions IPO issue size, minimum order amount, business overview, company financials, live subscription, allotment status, and more.
| IPO Issue Opening Date: | 4th Feb 2022 |
| IPO Issue Closing Date: | 8th Feb 2022 |
| IPO Issue Price: | ₹824-866 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | 35 |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹3149.19 Cr |
| Offer for Sale: | 36,364,838 shares at ₹866 [Aggregating to ₹3149.19 Cr] |
| Face Value: | ₹1 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 92.40% |
| Promoter Holding Post IPO: | 84.90% |
| Allotment Status: | Allotment Status |
| BSE Code: | 543463 |
| NSE Code: | MANYAVAR |
Get important updates regarding Vedant Fashions IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 11th Feb 2022 |
| Refunds Initiation* | 14th Feb 2022 |
| Credit of Shares to Demat* | 15th Feb 2022 |
| IPO Listing Date* | 16th Feb 2022 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹824-866 |
| Market Lot: | 17 Shares |
| 1 Lot Amount: | ₹14722 |
| Min Small HNI Lots(2-10 Lakh): | 238 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 16-02-2022 | 866 | -12 | -- | ₹854 (-1.39%) | 16-Feb-2022 8:40 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Vedant Fashions Limited is India's largest company in the Indian wedding and celebration wear segment. Its brand "Manyavar" is the flagship brand in men's wedding and celebration wear in India. It is a one-stop destination that offers a diverse range of attire and accessories to customers for every celebratory occasion. Mohey, Mebaz, Manthan, and Twamev are the other brands owned by Vedant fashions.
The company sells its products through Exclusive Brand Outlets (EBO), Multi-brand Outlets (MBO), Large Format Stores (LFS), an online website, and a mobile app. As of 30 June 2021, it has a retail footprint of 525 EBOs across 207 cities and towns in India and 12 EBOs overseas in the US, Canada, and UAE.
| Incorporation | Sector | IPO Issue Size | Website |
| 2002 | Apparel | ₹3149.19 Cr | https://www.vedantfashions.com/ |
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 7,272,968 (28.57%) | 5,454,726 (21.43%) | 12,727,694 (50%) | 25,455,388 | |
| 1 | 4th Feb 2022 17:02 | 0.06x | 0.06x | 0.22x | 0.14x |
| 2 | 7th Feb 2022 17:02 | 0.11x | 0.09x | 0.31x | 0.21x |
| 3 | 8th Feb 2022 17:02 | 7.49x | 1.07x | 0.39x | 2.57x |
| Vedant Fashions IPO Financials (₹ in Cr) | 30-Sep-2021 | 31-Mar-2021 | 31-Mar-2020 | 31-Mar-2019 |
|---|---|---|---|---|
| Total Assets | ₹1,445.50 | ₹1,625.65 | ₹1,591.55 | ₹1,318.51 |
| Total Income | ₹387.29 | ₹625.02 | ₹947.98 | ₹819.80 |
| Net Profit/Loss | ₹98.41 | ₹132.90 | ₹236.64 | ₹176.43 |
Last Updated on 28-Mar-2022 12:12:29
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Vedant Fashions IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Vedant Fashions IPO with Zerodha.
Alternate approch to apply in Vedant Fashions IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Vedant Fashions IPO Review and Important Updates
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To subscribe or apply in Vedant Fashions IPO, you can use the following methods:
| Vedant Fashions IPO Applying Mode | Method | Details |
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Vedant Fashions IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Vedant Fashions IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Vedant Fashions IPO. Most of the Syndicate Banks provide access to apply in Vedant Fashions IPO via ASBA process. You must have your net banking access, DP ID information to apply in Vedant Fashions IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Vedant Fashions IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Vedant Fashions IPO Review and Important Updates
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Applying in Vedant Fashions IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Vedant Fashions IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Vedant Fashions IPO, please refer article >> Link
Vedant Fashions IPO Review and Important Updates
Steps to download the online application form for Vedant Fashions IPO
Or
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Vedant Fashions IPO is going to be list on 16-02-2022. NSE Code for Vedant Fashions is MANYAVAR. BSE Code for Vedant Fashions is 543463.
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Vedant Fashions IPO Allotment Date is 11-02-2022.
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