Vedant Fashions Limited IPO (Manyavar IPO) Details

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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


Price Range

₹ 824 – ₹ 866

Looking to Invest in IPO

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About the Vedant Fashions Limited


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





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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.
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


Contact Person: Navin Pareek, Company Secretary and Compliance Officer; Telephone: +91 33 6125 5495; E-mail:;

Corporate Identity Number

Corporate Identity Number: U51311WB2002PLC094677

IPO – Promoters

1. Ravi Modi



Summary of Restated Consolidated Financial Information

For the year/period ended ( ₹ in millions)

Total Revenue3,872.906,250.199,479.76
Profit After Tax984.071,329.032,366.37
Total Assets14,455.0316,256.5315,915.53

IPO Date and Price Band

Issue Open Date04 Feb 2022
Issue Close Date08 Feb 2022
Issue TypeBook Built Issue
Face Value₹ 1 per equity share
IPO/Issue Price₹ 824 to ₹ 866 per equity share
Market Lot17 Shares
Min Order Quantity17 Shares
Listing AtBSE, NSE

IPO/ Issue Time Line [Tentative]

04 Feb 2022

Issue Open Date

Issue Close Date

08 Feb 2022
11 Feb 2022

Basis of Allotment Date

Initiation of Refunds

14 Feb 2022
15 Feb 2022

Credit of Shares to Demat Account

IPO Listing Date

16 Feb 2022

IPO Prospectus (RHP)

IPO Lead Managers
  1. Axis Capital Limited
  2. Edelweiss Financial Services Limited
  3. ICICI Securities Limited
  4. IIFL Securities Limited
  5. Kotak Mahindra Capital Company Limited

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: Website: Investor grievance E-mail: Contact Person: M. Murali Krishna SEBI Registration No: INR000000221

Vedant Fashions IPO FAQs

Q What is Manyavar IPO?

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?


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