Vedant-Fashion-Limited-IPO-Feature-Image

Vedant Fashion Limited IPO Company Profile:

Vedant Fashions Limited, holds the Indian largest men wedding and ethnic wear segment in the country under the brand name Manyavar, company has its headquarter in Kolkata, West Bengal. Manayavar has a pan India presence and now even expanding their global foot print. Main focus of this company is catering to mid – Income group of the country where there is huge growth opportunity. They are continuously growing their revenue but in FY21 due to covid their company saw degrowth.

Its products include men’s and women’s ethnic wear items. In 2015 it introduced Mohey and acquired one of the biggest fashion brands in south India, Mebaz in 2018. Its reputation is across the world with a commanding retail presence of 600+ stores in over 200 cities and in 3 countries with 11 international stores in U.A.E and USA.

Vedant Fashion Limited IPO Objective:

  • Increase production capacity of 10 million pieces per annum.
  • Global expansion of the business

Positive Outlook of the firm:

  • Trusted brand amongst the existing ethnic wear brands.
  • Price range is mid income level which is a huge Indian market
  • Company is making consistent making cash flow and free cash flow.
  • Debt free company

Promoters of the company:

  • Ravi Modi
  • Shilpi Modi
  • Ravi Modi and Family trust

Vedant Fashion Limited IPO Shareholding Pattern:

Particulars Pre-Issue
Promoters & Promoters Group 92.50%
Public  7.50%

Vedant Fashion Limited IPO details:

Issue Size (Value)
Face Value Rs. 1
Issue price
Minimum lot
Market Lot
Stock Exchange
QIB Portion
NIB Portion
Retail Portion
Fresh Issue
Offer for Sale 36,364,838 equity shares

Vedant Fashion Limited IPO Financials:

Particulars (in Rs. Cr.) As at/ for the year ended March 31, 2021 As at/ for the year ended March 31, 2020 As at/ for the year ended March 31, 2019
Net Worth 1090.6 1065.2 882.0
Total revenue 625.01 947.97 819.79
Net Profit after tax 132.9 236.6 176.4
Net cash inflow/ (outflows) 252.6 243.4 234.8

Lead Manager Details

  • Axis Capital Limited

1 st Floor, Axis House C-2 Wadia International Center Pandurang Budhkar Marg, Worli Mumbai – 400 025 Maharashtra, India

Telephone: +91 22 4325 2183

E-mail: vedantfashions.ipo@axiscap.in

Website: www.axiscapital.co.in

Investor grievance e-mail: complaints@axiscap.in

Contact Person: Sagar Jatakiya

SEBI registration no.: INM000012029

  • Edelweiss Financial Services Limited

6th Floor, Edelweiss House Off CST Road, Kalina Mumbai 400 098 Maharashtra, India

Telephone: +91 22 4009 4400

E-mail: manyavar.ipo@edelweissfin.com

Investor grievance e-mail: customerservice.mb@edelweissf in.com

Website: www.edelweissfin.com

Contact Person: Dhruv Bhavsar / Nikhil Joshi

SEBI registration no.: INM0000010650

  • ICICI Securities Limited

ICICI Centre H.T. Parekh Marg, Churchgate, Mumbai – 400020, Maharashtra, India

Telephone: +91 22 2288 2460

E-mail: vedant.ipo@icicisecurities.com

Investor grievance e-mail: customercare@icicisecurities.com

Contact Person: Monank Mehta

Website: www.icicisecurities.com

SEBI Registration No.: INM000011179

  • IIFL Securities Limited

10th Floor, IIFL Centre Kamala City, Senapati Bapat Marg Lower Parel (West) Mumbai 400 013 Maharashtra, India

Telephone: + 91 22 4646 4600

E-mail: manyavar.ipo@iiflcap.com

Website: www.iiflcap.com

Investor grievance E-mail: ig.ib@iiflcap.com

Contact Person: Shirish Chikalge / Keyur Ladhawala

SEBI Registration No.: INM000010940

  • Kotak Mahindra Capital Company Limited

1 st Floor, 27 BKC, Plot No. C-27 G Block, Bandra Kurla Complex Bandra (East), Mumbai 400 051 Maharashtra, India

Telephone: +91 22 4336 0000

E-mail: vfl.ipo@kotak.com

Investor grievance e-mail: kmccredressal@kotak.com

Website: www.investmentbank.kotak.com

Contact Person: Ganesh Rane

SEBI Registration No: INM000008704

  • Kfin Technologies Private Limited

Selenium Tower B Plot 31 & 32, Gachibowli Financial District, Nanakramguda Serilingampally, Hyderabad 500 032 Telangana, India

Telephone: +91 40 6716 2222

Email: manyavar..ipo@kfintech.com

Website: www.kfintech.com.com

Investor grievance E-mail: einward.ris@kfintech.com

Contact Person: M. Murali Krishna

SEBI Registration No: INR000000221 BID/OFFER PROGRAMME

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