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| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹3149.19 Cr |
| Offer for Sale | ₹3149.19 Cr |
| Face Value | ₹1 Per Equity Share |
| Price Band | ₹824.00-866.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 543463 |
| NSE Code | MANYAVAR |
| Registrar | Kfin Technologies Ltd. |
| Lead Managers | Kotak Mahindra Capital Co.Ltd. |
| Allotment Status |
| DRHP |
| RHP |
| Final Prospectus |
| Anchor List |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 17 shares and in multiples thereof
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:
| 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 | ||||
| KPI | |
|---|---|
| RoNW | 12.19% |
| PAT Margin | 23.50% |
| EBITDA Margin | 49.88% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 5.36 | |
| P/E (x) | 106.78 | |
| Promoter Holding | 92.40% | 84.91% |
| Market Cap | ₹21017.37 Cr. | |
