Company Highlights

Vedant Fashions Limited

Vedanta-Fashions-logo.png

About the Company

Vedant Fashions Limited caters to the Indian celebration wear market with a diverse portfolio of brands. The company offers a one-stop destination with a wide-spectrum of product offerings for every celebratory occasion to its customers.The company's brands include (i) Manyavar, (ii) Mohey, (iii) Mebaz, (iv) Manthan, and (v) Twamev. Vedant Fashions was the largest 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.The company operates its business through franchise-owned exclusive brand outlets (EBOs), with the remaining by multi-brand outlets (MBOs), large format stores (LFSs), and online platforms, including its website (www.manyavar.com) and mobile application.As of June 30, 2021, the company had a retail footprint of 1.1 Mn sq. ft covering 525 EBOs (including 55 shop-in-shops) spanning 207 cities and towns in India, and 12 EBOs overseas across the United States, Canada, and the UAE.


Objective of the Issue

(i)    To achieve the benefits of listing the equity shares on the stock exchanges.
(ii)   To carry out the Offer for Sale of up to 36,364,838 equity shares by the selling shareholders.


Business Strategy

(i)   Expansion of footprint within and outside India.
(ii)  Scaling up our emerging brands through increased up-selling and cross-selling initiatives.
(iii) Enhancement of brand appeal through targeted marketing initiatives.
(iv)  Significant potential and space for growth of our emerging brands.
(v)  Disciplined approach towards acquisitions.


Company Promoters

Ravi Modi, Shilpi Modi and Ravi Modi Family Trust are the company promoters.



Financials Highlights


Particulars
March 31, 2021 (Rs. in millions)
March 31, 2020 (Rs. in millions)
March 31, 2019 (Rs. in millions)
Income
6,250.19
9,479.76
8,197.99
Expense
4,431.02
6,361.35
5,488.61
Profit After Tax
1,329.03
2,366.37
1,764.27
EPS
5.36
9.45
7.04
RoNW (%)
12.19%
22.21%
20%



Issue Details

Issue Size (Net)
Up to Rs.3149.19 Cr
Face Value
Rs.1 per equity share
Bid Lot
17
Price Band
824-866 Issue Price
Issue Opening Date
February 4, 2022
Issue Closing Date
February 8, 2022
Listing On
BSE, NSE
Registrar
KFintech Private Limited



IPO Timetable

IPO Open Date
February 4, 2022
IPO Close Date
February 8, 2022
Basis of Allotment Date
February 11, 2022
Initiation of Refunds
February 14, 2022
Credit of Shares to Demat Account
February 15, 2022
IPO Listing Date
February 16, 2022



Prospectus

Prospectus File

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