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: An Overview
|Initial Public Offering Name||Manyavar Vedant Fashion IPO|
|Issuing Company||Vedant Fashion Limited|
|Registrar of the IPO||KFin Technologies Private Limited|
|Company Promoters||Ravi Modi, Shilpi Modi, and Ravi Modi Family Trust|
|Book Running Lead Managers||Axis 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 Issue||36364838 Equity Shares of Rs.1|
(Aggregating up to Rs.3149.19 Cr)
|Offer for Sale||36364838 Equity Shares of Rs.1|
(Aggregating up to Rs.3149.19 Cr)
|Bid Price||Rs.824 to Rs.866|
|Bid Period||4th to 8th February 2022|
|Status of Bidding||Closed|
|IPO Allotment date||11th 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 RIIs||Rs. 200000|
|Max. Bid Quantity for QIBs||25455375 Equity shares|
|Max. Bid Quantity for NIIs||18182418 Equity shares|
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.
- Open BSE allotment status check page.
- Select Issue type, name of the issue.
- Enter application no and PAN correctly.
- Click on submit button.
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)-
|Qualified Institutional Buyer (QIB)||7.49 times|
|Non-Institutional Investors (NIIs)||1.07 times|
|Retail Individual Investors (RIIs)||0.39 times|
Company’s Financial Summary (Restated Consolidated)
For the period ended
30th Sep 2021
31st Mar 2021
31st Mar 2020
Rs. 15915.53 million
Profit After Tax
Manyavar Vedant Fashions IPO Allotment Quick Links
|Manyavar Vedant Fashions Official website||www.vedantfashions.com|
|Vedant Fashions IPO Allotment Status||Click Here|
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For any kind of assistance related to Manyavar Vedant Fashions IPO Allotment Status, bidders can contact the registrar at-
Phone No.- 04067162222, 04079611000