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

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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.
IPOWatch View
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.
Vedant Fashions

    Vedant Fashions IPO Subscription Status (Final Data)

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    Vedant Fashions IPO Investor Categories

    • Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
    • Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
    • Retail Individual Investors (RII): Retail Individual Investors or NRIs
    • Employee (EMP): Eligible Employees
    • Others: Eligible Shareholders

    Vedant Fashions IPO Date & Price Band

     IPO Open: 04 February 2022
     IPO Close: 08 February 2022
     IPO Size: Approx ₹3149 Crores
     Fresh Issue: N/A
     Offer for Sale: Approx 36,354,838 Equity Shares
     Face Value: ₹1 Per Equity Share
     Price Band: ₹824 to ₹866 Per Share
     Listing on: BSE & NSE
     Retail Quota: 35%
     QIB Quota: 50%
     NII Quota: 15%
     Discount: N/A
     DRHP Draft Prospectus: Click Here
     RHP Draft Prospectus: Click Here

    Vedant Fashions IPO Market Lot

    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.
     Minimum Lot Size: Minimum 17 Shares for 1 lot
     Minimum Amount: ₹14,722 for 1 lot
     Maximum Lot Size: Maximum 221 Shares for 13 lot
     Maximum Amount: ₹191,386 for 13 lot

    Vedant Fashions IPO Time Table

    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.
     Price Band Announcement: 27 January 2022
     Anchor Investors Allotment: 03 February 2022
     IPO Open Date: 04 February 2022
     IPO Close Date: 08 February 2022
     Basis of Allotment: 11 February 2022
     Refunds: 14 February 2022
     Credit to Demat Account: 15 February 2022
     IPO Listing Date: 16 February 2022

    Vedant Fashions IPO Subscription FAQs:

    When Vedant Fashions (Manyavar) IPO Subscription will start?

    The IPO subscription starts on 03 February 2022 for QIB, NII, and Retail Investors.

    How much Vedant Fashions (Manyavar) IPO subscribed?

    The IPO subscribed 2.57x times on day 3.

    What is Vedant Fashions (Manyavar IPO Retail subscription status?

    The RII subscription is 0.39x on day 3.

    How to subscribe to Vedant Fashions IPO?

    You can go with ASBA and Non-ASBA options for a subscription. Go to your bank account and apply for IPO online via ASBA or download the form online or get the physical form and submit the filled form to your broker or bank.

    How do I check live Vedant Fashions IPO Subscription Numbers?

    One can visit our portal for live IPO subscription numbers that we are updating hourly basis from the official website NSE and BSE websites. One can check the live subscription on BSE or NSE website on the particular IPO page.

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