Vedant Fashions company Details
| Credit: Vedantfashions.com |
It was incorporated on May 24, 2002 by Ravi Modi (Chairman and Managing Director) in Kolkata, India. Currently, this company owns 5 major brands and the most dominant one is the "Manyavar" which accounts for around 80% of the revenue of this company, and it is also a leader in branded Indian wedding wears as of the year 2020.
They have a good presence in 200+ cities the India, the U.S.A. and the U.A.E.
What does it do?
It is a fashion cloth selling company with the main focus on the Indian wedding dress market.
| Product | Brand |
|---|---|
| Indo-western Dress | Manyavar, Mebaz [Men] |
| Blazers and Suits | Mebaz [Men] |
| Kurta Jacket | Manyavar [Men] |
| Kurta Pajama | Manyavar [Men] |
| Sherwani | Manyavar [Men] |
| Saree | Mohey, Mebaz [Women] |
| Kurtis | Mohey [Women] |
| Lehengas | Mohey, Mebaz [Women] |
| Gowns | Mohey, Mebaz [Women] |
| Stitched Suits | Mohey [Women] |
| Wedding Safa | Manyavar [Men] |
Vedant Fashions Brand list?
They have 5 major brands
1. Manyavar: It is a men specific wedding dress brand with 80% revenue share.
| Credit: Manyavar.com |
| Credit: Manyavar.com |
3. Mebaz: It sells wedding dresses to 3 segments: men, women and kids.
| Credit: Manyavar.com |
4. Manthan: It is also a men's brand.
| Credit: Paytmmall.com |
5. Twamev: Its main focus is also Indian men for which they make suites, sherwanis, etcetera.
| Credit: Manyavar.com |
Vedant Fashions Strong Points
• They have a presence in 5 countries, 200+ cities.
• As of the year 2020, "Manyavar" is the leader in the Indian wedding cloth market.
• Great advertisement on various platforms with some famous brand ambassadors like Amita Bachchan, Ranveer Singh, Kartik Aryan, Alia Bhatt, Virat Kohli and Anushka Sharma.
Vedant fashions IPO details
Full details of Vedant Fashions Ipo listing date, opening and closing date, promoters holding, lot size, tentative timetable, price band...
| Vedant Fashions IPO | Details |
|---|---|
| IPO Opening Date | February 4, 2022 |
| IPO Closing Date | February 8, 2022 |
| IPO Refund Date | February 14, 2022 |
| Shares Credit Date | February 15, 2022 |
| IPO Listing Date | February 16, 2022 |
| IPO Price Band | ₹824 - ₹866 |
| IPO Lot Size | 17 Shares [₹866 x 17: ₹14,722] |
| IPO Max. Lot Limit | 13 [13 x 17shares: 221] [₹866 x 221: ₹1,91,386] |
| Listing on | NSE & BSE |
| IPO Type | Book Build Issue |
| Fresh Issue Size | Nil |
| Offer For Sale Size | 3,149.19 crore |
| Total IPO Size | 3,149.19 crore |
| Promoter Holding ( Pre / before IPO ) | 92.40% |
| Promoter Holding ( Post / after IPO ) | 84.91% |
| Pledge Shares | 0.00% |
Vedant Fashions IPO GMP Today
Today's GMP (Grey Market Premium) of Vedant Fashions: coming
What does GMP mean?
If an IPO has a GMP of ₹40 then it means that the price can list ₹40 higher than the price band of this share on a listing day.
Example:-
XYZ Ltd. price band: ₹215 - 230
Now, Add GMP (Grey Market Premium) with the upper band price of IPO.
The expected price according to today's GMP on listing day is, 230+40rs = ₹270.
Is it a 100% working way to earn money in the stock market?
No, Grey Market Premium keep changing with time, but if any share's GMP is very high on the 1st and 2nd day of IPO opening then we can expect that price will gain on a listing day as this IPO is in demand which will increase its price.
Vedant Fashions IPO valuations
Valuation of Vedant fashions are as follows-
• Earning per share 2021: ₹10.55
Share Price: ₹866
• Vedant fashions P/E ratio: 82 (very expensive)
Last 3 years Average P/E ratio: 124
• Vedant fashions Book value per share: ₹88.71
Vedant fashions P/B ratio: 9.8
• Vedant fashions Debt to equity ratio: 0.00
• Vedant fashions ROE: 12.02%
• Vedant fashions ROCE: 18.71%
• Vedant fashions operating Margin: 43.33%
Vedant Fashions owner and management team
Mr. Ravi Modi: Chairman and Managing Director
Ms. Shilpi Modi: Whole-time director
Mr.Manish Mahendra Choksi: Independent Director
Ms. Abanti Mitra: Independent Director
Mr.Tarun Puri: Independent Director
Mr.Sunish Sharma: Nominee Director
Mr.Rahul Murarka: Chief Financial Officer
Mr. Navin Pareek: Co. Secretary & Compl. Officer
Vedant Fashions financial statements (Consolidated)
| Financial Statement | |||||||||
| Items | Date *Data is in ₹ crore | ||||||||
| March 2021 | March 2020 | March 2019 | March 2018 | March 2017 | ... | ... | ... | ||
| Total Assets | 16,240.91 | 15,909.49 | 11,457.73 | 9,385.25 | 4,823.14 | ... | ... | ... | |
| Total Revenue | 5,648.16 | 9,155,49 | 8,007.42 | 7,592.69 | 6,006.18 | ... | ... | ... | |
| Profit Before Tax | 1,819.16 | 3,118.43 | 2,797.42 | 2,264.56 | 1,637.80 | ... | ... | ... | |
Vedant Fashions IPO subscription status today
| Types of Investors | Subscription times |
|---|---|
| Employees | ... |
| Others | ... |
| QIB (Qualified Institutional Buyers) | ... |
| Retail | ... |
| NII (Non-Institutional Investors) | ... |
| Total | ... |
Vedant Fashions IPO listing date
The listing date of Vedant fashions IPO on the National Stock Exchange and Bombay Stock Exchange is 16 February, 2022.
Vedant fashions IPO price band today
The price band of Vedant fashions Initial Public Offering is ₹824 - 866
How to buy Vedant Fashions IPO
The easiest, cheapest and fastest way to buy the Vedant Fashions IPO is to buy from discount brokers like Zerodha, Upstox, 5 Paisa, etc.
For example, I'm using Zerodha, just go open Zerodha > then Settings > then > IPO
| Credit: Zerodha.com |
You have to just go to any of the above brokers and then find the IPO section then search which IPO you want to buy and then you can buy Vedant fashions IPO by clicking the apply button.
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