Tuesday, February 15, 2022

Manyavar aka Vedant Fashions IPO Listed at 8% Premium on NSE & BSE

Manyavar aka Vedant Fashions IPO to list on NSE and BSE on 16 February 2022, Wednesday at 10:00 AM. 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 IPO subscribed 2.57x times that comprises Qualified Institutional Buyer (QIB) 7.49x, Non-institutional Bidders (NII) 1.07x, and Retail (RII) 0.39x. The company reported a profit of ₹133 crores in 2021 against a profit of ₹237 crores in 2020. The revenues went down in 2021 to ₹625 crores against ₹948 crores in 2020. The stock will list in B Group. As per the market speculations the stock might list in between the ₹850 to ₹880 range. Check out the Vedant Fashions IPO listing details as given below:

Latest Update: Vedant Fashions IPO is listed at 8% Premium on Indices. Vedant Fashions share price is listed at ₹935 on NSE & ₹936 on BSE. Happy Investing!

Vedant Fashions


    Vedant Fashions Share Price Live Quote

    Details BSE Listing NSE Listing
    IPO Price
    ₹866.00
    ₹866.00
    List Price
    ₹936.00
    ₹935.00
    High Price
    ₹993.00
    ₹992.70
    Low Price
    ₹921.00
    ₹920.00
    Close Price
    ₹834.85
    ₹933.55
    Volume
    821,137
    19,754,867
    BSE Notice of Listing: Notice

    Vedant Fashions IPO Listing Details

    Find the Vedant Fashions IPO listing details like BSE Code, NSE Code, ISIN Number, and Listing Group. The information given below will help you on the Vedant Fashions share listing day.
    BSE Code 543463
    NSE Code MANYAVAR
    Group B Group
    ISIN No INE825V01034
    Offer Price ₹866
    Face Value ₹1
    Listing Date 16 February 2022, Wednesday

    Important Links:


    Vedant Fashions IPO Subscription Status (Final Data)

    Category Day 1 Day 2 Day 3
    QIB 0.06 0.11 7.49
    NII 0.06 0.09 1.07
    RII 0.22 0.31 0.39
    Total 0.14 0.21 2.57

    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 Listing FAQs:


    When is Vedant Fashions IPO Listing Date?
    Vedant Fashions IPO listing date is 16 February 2022, Wednesday.

    What will be the estimated listing price of Vedant Fashions stock?
    As per the market speculations, the IPO might list at ₹850 to ₹880 levels. If the market supports the stock might go on a higher side around ₹950+ level while on the downside the stock might hit to ₹850 level.

    How many returns are expected in Vedant Fashions IPO?
    The IPO might give a listing profit/loss of ₹500 to ₹1000.

    What is Vedant Fashions Share Price on Listing Day?
    The IPO is listed at ₹935.00 on NSE and at ₹926.00 on BSE.

    Will Vedant Fashions will list on NSE and BSE?
    Yes, The IPO to list on NSE and BSE both the indices.

    Should I buy Vedant Fashions shares on a listing day?
    Long-term investors should buy the stock on a listing day. Stock Market investments are subject to market risks.

    What is a BSE and NSE Code for the Vedant Fashions IPO?
    The BSE Code is 543463 while NSE Code is MANYAVAR.

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