Manyavar Vedant Fashions IPO Allotment Status Today: Check Link Online, GMP, Listing Price

Manyavar Vedant Fashions IPO Allotment Status: Vedant Fashion Limited owns some of the popular celebration wear and ethnic brands- Manyavar, Mohey, Manthan, Mebaz, Manthan, and Twamev. The company launched its IPO of size 36364838 Equity Shares (Aggregating up to Rs.3149.19 Crores) on 4th February 2022. Manyavar Vedant Fashions IPO Allotment Status will be published on 11th February 2022.        

Manyavar Vedant Fashions IPO Allotment Status Today

The allotment status will be updated by the official registrar (KFin Technologies Private Limited) on its IPO allotment status page. The registrar finalizes the basis of the allotment of shares and publishes it online for all the bidders. Those who made their bid for this 100% book build offer have to check the allotment status using the IPO application details and PAN card number. They can also get view the allotment status on the listing stock exchanges. BSE and NSE are the designated stock exchanges on which the IPO is proposed to be listed. The listing is scheduled to be done on 16th February 2022.

The listing price will be revealed once the IPO will be listed. However, the listing price can be estimated by adding the GMP with the Bid price. Grey Markey Price (GMP) of this IPO for today was calculated at -12 Rupee (Discount).  With this, we can see a drop of -1.39% for today in the estimated Listing price. This GMP keeps fluctuating till the date of listing due to market conditions.

Manyavar Vedant Fashions IPO Allotment Status

Manyavar Vedant Fashions IPO: An Overview

Initial Public Offering NameManyavar Vedant Fashion IPO
CategoryFinance
Issuing CompanyVedant Fashion Limited
Registrar of the IPOKFin Technologies Private Limited
Company Promoters Ravi Modi, Shilpi Modi, and Ravi Modi Family Trust
Book Running Lead ManagersAxis Capital Limited
Edelweiss Financial Services Limited
ICICI Securities Limited
IIFL Securities Limited
Kotak Mahindra Capital Company Limited
Issue Type  100% Book Building Issue
Size of Issue36364838 Equity Shares of Rs.1
(Aggregating up to Rs.3149.19 Cr)
Offer for Sale36364838 Equity Shares of Rs.1
(Aggregating up to Rs.3149.19 Cr)
Bid PriceRs.824 to Rs.866
Bid Period4th to 8th February 2022
Status of BiddingClosed
IPO Allotment date11th February 2022
Bid Lot    17 equity shares
Minimum Order Quantity   17 equity shares
Face Value Rs.1 per Equity Share
Designated Listing Stock Exchange  BSE and NSE
Max. subscription amount for RIIsRs. 200000
Max. Bid Quantity for QIBs25455375 Equity shares
Max. Bid Quantity for NIIs18182418 Equity shares
Company Websitewww.vedantfashions.com
Registrar’s portal linkintime.co.in

Objects of the Issue

The objectives of the issue are to-

  • Achieve the advantages of listing company’s equity shares on the stock exchanges.
  • To execute the OfS (Offer for Sale) up to 36,364,838 equity shares by company’s selling shareholders.

Vedant Fashion IPO Timeline

Have a look at the dateline of the IPO process-

  • Issue of DHRP- 9th September 2021
  • Issue of RHP- 22nd January 2022
  • Opening date of bid- 4th February 2022
  • Closing date of bid- 8th February 2022
  • Date of IPO Allotment Status – 11th February 2022
  • Initiation of refunds- 14th February 2022
  • Crediting of equity shares to Demat Accounts- 15th February 2022
  • Listing of IPO- 16th February 2022

Check Manyavar Vedant Fashions IPO Allotment Status Online 

The following processes can be followed to access the allotment status-                            

Through Registrar Portal  

  • Open the official website of Kfin Allotment Status.
  • Click on any of the available links.
  • Click on Recent IPOs option.
  • Select IPO name i.e. Vedant Fashions Limited IPO from the drop down link.
  • Select query by option among Application No, PAN and Client ID options.
  • Select the Application Type
  • Fill in the information as per ther query by option selected above.
  • Fill in the capthca code and proceed by clicking on Submit button.

BSE Portal

  • Open BSE allotment status check page.
  • Select Issue type, name of the issue.
  • Enter application no and PAN correctly.
  • Click on submit button.

Subscription Details  

The IPO was subscribed 2.57 times maximum with 7.49 times under the QIB category on the last date of the bid (8th February 2022)-   

InvestorsSubscription Info
Qualified Institutional Buyer (QIB)7.49 times
Non-Institutional Investors (NIIs)1.07 times
Retail Individual Investors (RIIs)0.39 times
Total  2.57 times

Company’s Financial Summary (Restated Consolidated)


Particulars

For the period ended

30th Sep 2021

31st Mar 2021

31st Mar 2020

Total Assets

Rs.14455.03 million

Rs.16256.53 million

Rs. 15915.53 million

Total Revenue

Rs.3872.90 million

Rs.6250.19 million

Rs.9479.76 million

Profit After Tax

Rs.984.07 million

Rs.1329.03 million

Rs.2366.37 million

Manyavar Vedant Fashions Official websitewww.vedantfashions.com
Vedant Fashions IPO Allotment StatusClick Here 

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Contact

For any kind of assistance related to Manyavar Vedant Fashions IPO Allotment Status, bidders can contact the registrar at-

Phone No.- 04067162222, 04079611000
Email- manyavar.ipo@kfintech.com

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