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.

₹ 14,008/
Minimum Investment
Lot Size
17
Price Range
₹ 824 – ₹ 866
Looking to Invest in IPO
Create your demat account now on Upstox
About the Vedant Fashions Limited
Founded
It all began in a 1000 square feet office space with Rs.10,000 as capital. Manyavar was conceptualized in 1999.
Chairman and MD
Ravi Modi
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.
The largest company 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
Manyavar
Manthan
Mohey
Twamev



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.
Registered and Corporate Office
Registered and Corporate Office: Paridhan Garment Park, 19, Canal South Road, SDF-1, 4th Floor, A501-502, Kolkata 700 015, West Bengal, India; Telephone: +91 33 6125 5495;
Website and Contact Person
Website: www.vedantfashions.com
Contact Person: Navin Pareek, Company Secretary and Compliance Officer; Telephone: +91 33 6125 5495; E-mail: complianceofficer@manyavar.com;
Corporate Identity Number
Corporate Identity Number: U51311WB2002PLC094677
IPO – Promoters
1. Ravi Modi
2. SHILPI MODI AND RAVI MODI FAMILY TRUST (ACTING THROUGH ITS TRUSTEE, MODI FIDUCIARY SERVICES PRIVATE LIMITED)
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 |
IPO/ Issue Time Line [Tentative]
Issue Open Date
Issue Close Date
Basis of Allotment Date
Initiation of Refunds
IPO Listing Date
IPO Prospectus (RHP)
IPO Lead Managers
- Axis Capital Limited
- Edelweiss Financial Services Limited
- ICICI Securities Limited
- IIFL Securities Limited
- Kotak Mahindra Capital Company Limited
Registrar
Kfin Technologies Private Limited
Selenium Tower B Plot 31 & 32, Gachibowli Financial District, Nanakramguda
Serilingampally, Hyderabad 500 032 Telangana, India Telephone: +91 40 6716 2222
Email: manyavar..ipo@kfintech.com Website: http://www.kfintech.com.com Investor grievance E-mail: einward.ris@kfintech.com Contact Person: M. Murali Krishna SEBI Registration No: INR000000221
Vedant Fashions IPO FAQs
Ans. Manyavar is a main-board IPO. The issue is priced at ₹ 824 to ₹ 866 per equity share.
OPEN: 04 Feb 2022 CLOSE: 08 Feb 2022
Q How to apply for Manyavar IPO through Upstox?
Ans. Login to Upstox with the credentials. Select the IPO – Vedant Fashions Limited. Confirm your application. Block funds on your mobile UPI app. Open Demat Account Now With Upstox
Q When the Manyavar IPO will Open?
Ans. The Manyavar IPO Opens on 04 Feb 2021.
Q When the Manyavar IPO will Close?
Ans. The Manyavar IPO will close on 08 Feb 2022
Q What is Manyavar IPO Price Band?
Ans. The Manyavar IPO Price Band is ₹ 824 to ₹ 866 per equity share.
Q What is the Manyavar IPO Allotment Date?
Ans. The Manyavar IPO allotment date is 11 Feb 2022.
Q What is the Manyavar IPO Listing Date?
Ans. The Manyavar IPO Listing Date is 16 Feb 2022.
Q What is the minimum lot size of Manyavar IPO?
Ans. The minimum bid is 17 Shares.
Q Who is the Registrar of Manyavar IPO?
Ans. Kfin Technologies Private Limited
Q Who are the Promoters of Manyavar IPO?
Ans. : RAVI MODI, SHILPI MODI AND RAVI MODI FAMILY TRUST (ACTING THROUGH ITS TRUSTEE, MODI FIDUCIARY SERVICES PRIVATE LIMITED)
Join EduTaxTuber Network for the Latest updates on Income Tax, GST, Company Law, Stock Market and other related subjects.
Also, read other articles @ EduTaxTuber
-
Notification No. 37/2021 Central Tax- Seeks to make amendments to the CGST Rules, 2017
-
Government to introduce a Bill to Regulate Crypto Currency: Private Cryptocurrency to be banned and RBI to issue new crypto
-
New AIS includes additional information relating to interest, dividend, securities transactions, mutual fund transactions, etc.
-
Important Income Tax Due Dates for November 2021
-
Important Income Tax Due Dates for October 2021
-
RBI to Impose Monetary penalty on Banks for Non-Availability of Cash in ATMs
-
How to Download ITR Acknowledgement from New e-filing Portal?
-
ICAI | Extension of the time period for admission in Foundation Course
-
What is e-RUPI? | The New Digital Payment
-
GST Annual Return & Audit (GSTR 9 & GSTR 9C) For FY 2020-21
-
CMA-Extension of time for submission of online Examination Application Form
-
FAQs – Filling of ITR forms for Assessment Year 2021-22
-
FAQs on Covid 19 Vaccination
-
How to Verify the PAN Details Online?
-
How to Download Covid 19 Vaccination Certificate?
-
Circular No. 2 of 2021- Clarification in respect of Residential Status
-
Case Study Digest at the Final level-ICAI
-
CBDT Issues Refunds to Taxpayers between 1.04.2020 to 28.02.2021
-
Post Office Saving Account | Now Maintaining Minimum Balance is Mandatory
-
Shortcut Key in Tally – Tally ERP & TallyPrime
-
Learn How to Create a Company in TallyPrime?
-
How to E-Verify ITR
-
How to Check Income Tax Refund Status -Online
-
How to download ITR form (Java/Excel)?
-
Goods and Service Tax-List of Central Tax Notifications 2020
-
Know All About TDS – Rates, Due Dates, Forms & Challans, etc.
-
What is Form 15G and 15H? ( How to avoid TDS on interest income)
-
Latest Update: MCA Extends Time Line for AGM and EGM
-
Court Refuses Anticipatory Bail to CA Accused of Forgery and GST Evasion
-
Income Tax Advisory for Validation of Bank Account for Income Tax Refund
-
GSTN Advisory on MERA BILL MERA ADHIKAAR SCHEME
-
MCA Issued Circular for Condonation of delay in Filing Form-3, Form-4, and Form-11
-
Steps For e-Invoicing: A Step-by-Step Guide for e-invoice
-
Income Tax Notification No. 43/2023: CBDT Notifies New Form 10IEA
-
CA Foundation Result: 7th August 2023- Check Result @ ICAI
-
To Curb Black Money: CG in consultation with the Chief Justice of the High Court of Jharkhand designates special economic offense court
-
Sum – Excel Practice Online

We are here to help for every updates related to everything…👍📙👍📗