Manyavar – Vedant Fashions Limited IPO : Stock Offer Price, GMP, Linkintime
Manyavar – Vedant Fashions Limited is the largest company in India in the men’s Indian wedding and celebration wear segment in terms of revenue, OPBDIT and profit after tax for the Financial Year 2020. According to CRISIL, Its ‘Manyavar’ brand is a category leader in the branded Indian wedding and celebration wear market with a pan-India presence, as of Financial Year 2020.
Manyavar – Vedant Fashions Limited has established a multi-channel network and introduced brands by identifying gaps in the under-served and high-growth Indian wedding and celebration wear category (Source: CRISIL Report). The company focuses on spreading India’s vibrant culture, traditions and heritage through our aspirational yet value for money brands at a diverse range of price points.
Manyavar – Vedant Fashions profit for the year for Financial Years 2019, 2020 and 2021 was Rs.176.43 crore, Rs.236.63 crore and Rs.132.90 crore, respectively.
Price Range: ₹ 824 – 866
Minimum Investment: ₹14008
Minimum Quantity: 17
Open date : 4 Feb 2022
Close date : 8 Feb 2022
Application Timings: 10am to 5pm
Also Read : https //kosmic.kfintech.com IPO Status
Dates
| Offer End | : | 8 Feb 2022 |
| Allotment Finalisation | : | 11 Feb 2022 |
| Refund Initiation | : | 14 Feb 2022 |
| Listing | : | 16 Feb 2022 |
Strengths
Operates in growing Indian wedding and celebration wear market driven by an increased spending on such wear |
Experienced and professional founder-led leadership team |
Leader in the Indian celebration wear market with a diverse portfolio of brands catering to the aspirations of the entire family |
Risks
Changes in consumer preferences which could have an adverse effect on its business and financial condition |
Failure to maintain strengths of its key branded products could adversely affect the business |
Inability to identify and retain skilled suppliers, vendors and manufacturers for various parts of its production |
