Vedant Fashions ( Manyavar ) IPO Date, GMP, Review, Price, Form, Subscription & Market Lot Details

Vedant Fashions IPO ( Manyavar IPO ) is going to hit the market on 4th February 2022 as per the market news. The company to raise ₹3149.19 crores (approx) via an initial public offer with a face value of ₹1 per equity share.

Vedant Fashions ( Manyavar ) has filed preliminary papers with capital market regulator SEBI to raise funds worth ₹- crores via public issue. 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 ( and mobile application.

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
  • Technology-based strong supply chain and inventory systems
  • The experienced and professional leadership team

    Vedant Fashions Limited IPO

    Manyavar IPO Date & Price Band:

    IPO Opening Date Feb 4, 2022
    IPO Closing Date Feb 8, 2022
    Issue Type Book Built Issue IPO
    Face Value ₹1 per equity share
    IPO Price ₹824 to ₹866 per equity share
    Market Lot 17 Shares
    Min Order Quantity17 Shares
    Listing At BSE, NSE
    Issue Size 36,364,838 Eq Shares of ₹1
    (aggregating up to ₹3,149.19 Cr)
    Offer for Sale36,364,838 Eq Shares of ₹1
    (aggregating up to ₹3,149.19 Cr)

    Manyavar IPO Tentative Timetable

    The Manyavar IPO open date is Feb 4, 2022, and the close date is Feb 8, 2022. The issue may list on Feb 16, 2022.

    IPO Open Date Feb 4, 2022
    IPO Close Date Feb 8, 2022
    Basis of Allotment Date Feb 11, 2022
    Initiation of RefundsFeb 14, 2022
    Credit of Shares to Demat Account Feb 15, 2022
    IPO Listing Date Feb 16, 2022

    Manyavar IPO Market Lot:

    The Manyavar IPO market lot size is 17 shares. A retail-individual investor can apply for up to 13 lots (221 shares or ₹191,386.

    Minimum Lot Size: Minimum 17 Shares
    Minimum Amount: ₹-14,722
    Maximum Lot Size: Maximum 221 Shares
    Maximum Amount: ₹-191,386

    Manyavar Company Financial:

    Particulars For the year/period ended (₹ in Millions)
    30-Sep-21 31-Mar-21 31-Mar-20
    Total Assets 14,455.03 16,256.53 15,915.53
    Total Revenue 3,872.90 6,250.19 9,479.76
    Profit After Tax 984.07 1,329.03 2,366.37

    Manyavar IPO Reviews / Ratings

    • Updates Soon

    Brokerage Firm IPO Reviews for Manyavar IPO

    • ICICI Securities: Adding Soon
    • Motilal Oswal: Adding Soon
    • Capital Market: Adding Soon
    • Ventura Securities Limited: Adding Soon
    • KR Choksey: Adding Soon
    • AXIS Capital Ltd: Neutral

    Read Also:- 

    Manyavar IPO Form:

    How to apply for the Manyavar IPO? You can apply for Manyavar IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Manyavar IPO in the Invest section. The other option is you can apply to ManyavarIPO via IPO forms download via NSE and BSE. Check out the Vedant Fashions IPO forms - click NSE Forms & BSE Forms blank Manyavar IPO forms download, fill, and submit in your bank or with your broker.

    Manyavar IPO Subscription Numbers (Day 1)

    Category Day 1 Day 2 Day 3
    QIB x x x
    NII x x x
    RII x x x
    EMP x x x
    OTH x x x
    Total x x x

    Vedant Fashions IPO Objectives

    The IPO aims to utilize the net proceed for the following objectives;
    • To achieve the benefits of listing the equity shares on the stock exchanges; and
    • To carry out the Offer for Sale of up to 36,364,838 equity shares by the selling shareholders.

    Vedant Fashions Limited

    Manyavar IPO Prospectus


    Manyavar Company Promoters:

    • Ravi Modi
    • Shilpi Modi
    • Ravi Modi Family Trust

    Manyavar IPO Registrar:

    KFintech Private Limited
    KFintech, Tower-B, Plot No 31 & 32,
    Financial District, Nanakramguda, Gachibowli,
    Hyderabad, Telangana India - 500 032.
    Phone: 04067162222, 04079611000

    Manyavar IPO Lead Managers: 

    • Axis Capital Limited
    • Edelweiss Financial Services Ltd
    • ICICI Securities Limited
    • IIFL Securities Ltd
    • Kotak Mahindra Capital Company Limited

    Manyavar Company Address: 

    Vedant Fashions Limited
    Paridhan Garment Park, 19,
    SDF-1, 4th Floor, A501-502,
    Kolkata 700 015, West Bengal, India
    Phone: +91 33 6125 5495

    Manyavar IPO FAQs

    What is Manyavar IPO?

    Manyavar IPO is a main-board IPO. They are going to raise ₹3149.19 Crores via IPO. The issue is priced at ₹824 to ₹866 per equity share. The IPO is to be listed on BSE & NSE.

    When Manyavar IPO will open?

    The IPO is to open on 04 February 2022 for QIB, NII, and Retail Investors.

    What is Manyavar IPO Investors Portion?

    The investors' portion for QIB is 50%, NII is 15%, and Retail is 35%.

    How to Apply the Manyavar IPO?

    You can apply for Manyavar IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

    How to Apply the Manyavar IPO through Zerodha?

    Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name "Manyavar". Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

    How to Apply the Manyavar IPO through Upstox?

    Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name "Manyavar". Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve - mandate. Open Demat Account with Upstox.

    What is Manyavar IPO Size?

    Manyavar's IPO size is ₹3149.19 crores. The IPO comprises ₹- crores fresh issue and offers for sale of 36,364,838 equity shares.

    What is Manyavar IPO Price Band?

    Vedant Fashions IPO Price Band is ₹824 to ₹866 per equity share.

    What is Manyavar IPO Minimum and Maximum Lot Size?

    The minimum bid is 18 Shares with ₹14,722amount while the maximum bid is 221 shares with ₹191,386.

    What is the Manyavar IPO Allotment Date?

    Manyavar's IPO allotment date is 11 February 2022.

    What is the Manyavar IPO Listing Date?

    Manyavar IPO listing date is 16 February 2022. The IPO to list on BSE and NSE.