BSE & NSE
04 Feb - 08 Feb '22
₹824 - ₹866
Vedant Fashion is in the business of men's festive and celebration wear and is the largest in the segment in revenues and PAT (profit after tax). The company has many brands, including category-leader Manyavar and other names like Twamev, Manthan, Mebaz, and Mohey. The company is focused on Indian heritage wear across various price points and is looking to strengthen its premium and value segment positions. The fashion house boasts a retail footprint of 1.2 million sq. ft. that include 546 exclusive brand outlets (EBOs) and 55 shop-in-shops spanning 207 cities in India. It also has 12 EBOs in the USA, Canada and the UAE. Customers can buy its products on the company's website or mobile app.
Here are some of the positive aspects of this business:
With a vast network of EBOs, Multi-Brand Outlets (MBOs) and online presence, the company is well-positioned with a pan-India footprint. A growing operating profit over the years also indicates stable growth.
The company also has various products, including celebration wear, party wear, wedding wear and special occasion outfits. Its brand 'Mohey' also offers women's ethnic wear and kidswear.
Apart from that, Vedant Fashions also has an active social media presence with a history of celebrity-figure endorsements and its tie-up with the IPL. Manyavar, its flagship brand, is a leading name in its segment, with good recall.
The company's Gross Current Assets have significantly risen after revamping its store format in 2017-18 to a franchise-owned and franchise-operated (FOFO) operation model.
Thanks to rapid urbanisation and the young demographic, the demand for apparel is constantly growing. A keen fashion sense among the youth and rising disposable incomes are expected to drive sales.
For the ethnic wear brand, plenty of festivals and pent-up demand are key driving factors for revenue growth.
Vulnerable to Raw Material Supply:
Supply chain shocks tend to affect the textile industry as raw material supply becomes inefficient.
Fashion choices are continuously changing, and keeping up with the general preference whilst ensuring a consistent brand image is a challenge for ethnic wear brands.
You can apply for the Vedant Fashions Ltd. IPO in these ways:
Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.
1. If you are an Existing TradeSmart demat account holder and wish to apply for an Vedant Fashions Ltd. click here.
2. If you don't have a TradeSmart Account? Sign up.
What are the dates of the Vedant Fashion Ltd IPO?
The IPO will be open from 04th Feb 2022 to 08th Feb 2022.
When is the allotment date for Vedanta Fashion Limited shares?
The basis for allotment will be finalised on 11th Feb 2022, refunds will be initiated on 14th Feb 2022, and shares will be credited to respective Demat accounts on 15th Feb 2022.
What is the price range for Vedanta Fashion Limited's IPO?
The price range for this initial public offering shall be ₹824-866 per share. Each share has a face value of ₹1.
What is the lot size of the Vedanta Fashion Limited IPO?
Each lot consists of 17 shares. This means retail investors must apply for at least 17 shares, i.e. 1 lot.
What is the minimum amount needed to apply for Vedanta Fashion Limited shares?
Subscribers must apply for at least 1 lot, i.e. 17 shares. The minimum investment has to be ₹14,722 for the lot.
When will Vedanta Fashion Limited's shares be listed on the stock market?
The listing date for Vedanta Fashion Limited is 16th Feb 2022.