✓
Open
4 Feb 2022
✓
Close
8 Feb 2022
3
Allotment
—
✓
Listing
Wed, Feb 16, 2022
Price Band
₹824 to ₹866
Issue Size
3,63,64,838 shares (agg. up to ₹3,149 Cr)
Lot Size
17 Shares
Listing Date
Wed, Feb 16, 2022
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.99x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2021 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|
| Assets | 1,445.50 | 1,625.65 | 1,591.55 | 1,318.51 |
| Total Income | 387.29 | 625.02 | 947.98 | 819.80 |
| Profit After Tax | 98.41 | 132.90 | 236.64 | 176.43 |
| EBITDA | 175.95 | 281.71 | 398.77 | 337.95 |
| NET Worth | 858.59 | 1,090.65 | 1,065.25 | 882.01 |
| Reserves and Surplus | 835.11 | 1,066.62 | 1,040.97 | 857.72 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Go Fashion (India) Ltd. | Mainboard | ₹1,013.61 Cr | ₹690 | null | ₹1,253.70 | +81.70% | ₹349.30 (-0.91%) |
About Vedant Fashions IPO
Vedant Fashions Limited caters to the Indian celebration wear market with a diverse portfolio of brands. The company offers a one-stop destination with a wide-spectrum of product offerings for every celebratory occasion to its customers. 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 (www.manyavar.com) 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 Strengths: Market leader in the Indian celebration wear market Large and growing Indian wedding and celebration wear market Omni-channel network of seamlessly integrated business Technolo
Contact Details
Vedant Fashions Ltd. AddressParidhan Garment Park, 19SDF-1, 4th Floor, A501-502Kolkata, West Bengal, 700015+91 33 6125 5495complianceofficer@manyavar.comVisit Website