Manyavar aka Vedant Fashions IPO Subscription Status {Final Data 2022}

Manyavar IPO aka Vedant Fashions IPO subscription is to start from February 04, 2022, Friday. The company to raise ₹3149 crores via IPO at a price band of ₹824 to ₹866. The retail portion of this IPO is 35%, QIB is 50% and HNI is 15% quota. The IPO subscription will close on February 08, 2022, Tuesday. The minimum bid for the IPO is 17 shares cost ₹14,722 for 1 market lot. The face value is ₹1 per equity share.

Vedant Fashions is one of the leading brands of men’s wedding wear in India. They own brands like Manyavar, Twamev, Manthan, Mohey, and Mebaz. The company reported ₹625 crores of revenues in 2021 against ₹948 crores in 2020. The company’s financial report is looking good but revenues were dropped in last one year or so The covid might be one of the reasons as the wedding postponed. The profit also dropping as we already said. Please check the Vedant Fashions IPO details over here.

We recommend investors apply for an IPO with a long-term view. Investors should also look at the QIB and HNI numbers as well as Vedant Fashions grey market premium movement before investing. You can check the Vedant Fashions IPO allotment status here.

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The Vedant Fashions IPO minimum market lot is 17 shares with ₹14,722 application amount. The retail investors can apply up-to 13 lots, 221 shares with ₹191,386 application amount.

The Vedant Fashions IPO date is 04 February 2022 and the IPO close date is 08 February 2022. The allotment date is 11 February 2022 and the IPO may list on 16 February 2022.