Vedant Fashions Limited IPO (Vedant Fashions IPO)

Vedant Fashions IPO
Upcoming Vedant Fashions IPO | New Vedant Fashions IPO

Vedant Fashions Limited offers an Indian clothing commodity market with a diverse portfolio of products. The company offers a one-stop shop with a wide range of products offered at every celebration event for its customers.

The company’s products include (i) Manyavar, (ii) Mohey, (iii) Mebaz, (iv) Manthan, and (v) Twamev. Vedant Fashions was the largest in India in terms of men’s wedding dresses and Indian festive attire in terms of revenue, OPBDIT, and profits after the 2020 Financial Year Tax.

The company conducts its business through franchise-led brand outlets (EBOs), the remainder of multi-brand stores (MBOs), supermarkets (LFSs), and online forums, including its website ( and mobile app.

As of June 30, 2021, the company owned a 1.1 Mn sq. Market. ft comprising 525 EBOs (including 55 stores) covering 207 cities and towns in India, as well as 12 EBO overseas in the United States, Canada, and the UAE.

Vedant Fashions IPO

Competitive Strengths

  • Market leader in the Indian celebration wear market
  • Large and growing Indian wedding and celebration wear market
  • Omni-channel network of seamlessly integrated business
  • Technology-based strong supply chain and inventory systems
  • The experienced and professional leadership team

Company Promoters

  • Ravi Modi
  • Shilpi Modi
  • Ravi Modi Family Trust (acting through its trustee, Modi Fiduciary Services Private Limited).

Company Financials

ParticularsFor the year/period ended ( in Cr.)
30 June 202131-Mar-2131-Mar-2031-Mar-19
Total Assets1663.631625.651591.551,318.51
Total Revenue178.48625.02947.98819.80
Profit After Tax45.19132.90236.64176.43

Objects Of The Issue

The IPO aims to utilize the net proceed for the following objectives;

  • To achieve the benefits of listing the equity shares on the stock exchanges; and
  • To carry out the Offer for Sale of up to 36,364,838 equity shares by the selling shareholders.
Vedant Fashions IPO
Object Of The Issue

Vedant Fashions IPO Risk

  • Any future pandemic or significant public health catastrophe, such as the COVID-19 pandemic, may have a negative impact on their company.
  • Their business prospects are dependent on the condition of their major brands, and any inability to maintain or expand product sales might have a negative impact on their operations.
  • Their franchisee-owned EBOs account for a large percentage of their customers’ sales.
  • Apart from product design, they outsource a large percentage of their manufacturing processes and operations to third parties without any exclusivity agreements.
  • Any failure in their quality control methods might harm their reputation and have a negative impact on their business, operating performance, and financial situation.

Other Threats

  • Their firm is dependent on the organising of weddings, festivals, and other ethnic events, and seasonal changes can have a negative impact on their operations.
  • Their company and cash flows may suffer if they are unable to correctly assess consumer demand and maintain an appropriate amount of inventory in their shops.
  • The degree of consumer confidence and spending in India and the international jurisdictions where they operate determines their growth and profitability.
  • Their might not be able to expand their business into new geographic areas or foreign markets.
  • Their company,  subsidiary, directors, and  promoters are all involved in ongoing legal procedures.

Vedant Fashions IPO – Details

IPO Opening Date04 February 2022
IPO Closing Date08 February 2022
Issue TypeBook Built Issue IPO
Issue Size₹ 3149.19 Crore
Face Value₹1 per equity share
IPO Price₹824 To ₹866 Per Equity Share
Market Lot17 Shares ( 1 Lot)
Min Order17 Shares
Listing AtBSE, NSE
RegisterKFintech Private Limited
QIB Shares OfferedNot more than 50% of the offer
Retail Shares OfferedNot less than 35% of the offer
NII (HNI) Shares OfferedNot less than 15% of the offer

Vedant Fashions IPO – Date Schedule

IPO Open Date04 February 2022
IPO Close Date08 February 2022
Basis of Allotment Date11 February 2022
Initiation of Refunds14 February 2022
Credit of Shares to Demat Account15 February 2022
IPO Listing Date16 February 2022

Vedant Fashions IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)

Promoter Holding

Pre Issue Share Holding92.40%
Post Issue Share Holding

Vedant Fashions IPO Prospectus

Company Contact Information

Vedant Fashions Limited

Paridhan Garment Park, 19,
SDF-1, 4th Floor, A501-502,
Kolkata 700 015, West Bengal, India

Phone: +91 33 6125 5495

Vedant Fashions IPO Registrar

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

Vedant Fashions IPO Lead Manager(s)

1. Axis Capital Limited
2. Edelweiss Financial Services Limited
3. IIFL Securities Limited
4. ICICI Securities Limited
5. Kotak Mahindra Capital Company Limited

Vedant Fashions IPO FAQs

When Vedant Fashions IPO will open?

The Vedant Fashions IPO dates are 04 February 2022 To 08 February 2022.
What is the lot size of Vedant Fashions IPO?

Vedant Fashions IPO lot size is 17 Shares and total amount is ₹ 14,722.
How to apply for Vedant Fashions IPO?

You can apply in Vedant Fashions IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services.
When is Vedant Fashions IPO listing date?

The Vedant Fashions IPO listing date is announced. The date of Vedant Fashions IPO listing is 16 February 2022.


Previous articleMaruti Interior Products Limited IPO (Maruti Interior IPO)
Next articleVaidya Sane Ayurved Laboratories Limited IPO (Madhavbaug IPO)