Vedant Fashions Limited IPO (Manyavar IPO) Details

Vedant Fashions (Manyavar IPO) IPO opens on 04-Feb-2022 and it will close on 08-Feb-2022 as per the Red Herring Prospectus (RHP). Vedant Fashions Limited sets IPO price band at Rs 824-866, issue to open on Friday.

About the Vedant Fashions Limited

Company was originally incorporated as “Vedant Fashions Private Limited” at Kolkata, West Bengal as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated May 24, 2002, issued by the Registrar of Companies, West Bengal at Kolkata (“RoC”). Pursuant to a takeover agreement dated June 1, 2002, the business of a proprietorship firm by the name of “M/s Vedant Creation”, which was being carried out by one of the individual Promoters namely Ravi Modi, was transferred to the Company as a going concern. Subsequently, the Company was converted into a public limited company under the Companies Act, 2013, pursuant to the approval accorded by the Shareholders at their extra-ordinary general meeting held on July 16, 2021. Consequently, the name of the Company was changed to “Vedant Fashions Limited” and a fresh certificate of incorporation consequent upon conversion from a private limited company to a public limited company was issued to the Company by the RoC on August 25, 2021.

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Competitive Strengths

• Market leader in the Indian celebration wear market with a diverse portfolio of brands catering to the aspirations of the entire family

• Large and growing Indian wedding and celebration wear market driven by an increased spending on such wear.

• Differentiated business model combining the strengths of retailing with branded consumer play.
• Omni-channel network with the seamless integration of our online and offline channels.

• Technology-based strong supply chain and inventory replenishment systems driven by system-wide data analytics, strong processes and longstanding vendor relationships.

• Experienced and professional founder-led leadership team.

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IPO – Promoters

1. Ravi Modi

2. SHILPI MODI AND RAVI MODI FAMILY TRUST (ACTING THROUGH ITS TRUSTEE, MODI FIDUCIARY SERVICES PRIVATE LIMITED)

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COMPANY FINANCIALS

Summary of Restated Consolidated Financial Information

For the year/period ended ( ₹ in millions)

Particulars
	30-Sep-21	31-Mar-21	31-Mar-20
Total Revenue	3,872.90	6,250.19	9,479.76
Profit After Tax	984.07	1,329.03	2,366.37
Total Assets	14,455.03	16,256.53	15,915.53

IPO Date and Price Band

Issue Open Date	04 Feb 2022
Issue Close Date	08 Feb 2022
Issue Type	Book Built Issue
Face Value	₹ 1 per equity share
IPO/Issue Price	₹ 824 to ₹ 866 per equity share
Market Lot	17 Shares
Min Order Quantity	17 Shares
Listing At	BSE, NSE

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IPO/ Issue Time Line [Tentative]

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IPO Prospectus (RHP)

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Vedant Fashions IPO FAQs

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