Vedant Fashions Ltd IPO (Manyavar IPO) - 4th February, 2022
Company Background
The company 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. The company offers a one-stop destination with a wide-spectrum of product offerings for every celebratory occasion and aims to deliver a seamless purchase experience through their franchisee-owned exclusive brand stores.
Business Information
The company essentially operates through the franchisee-owned exclusive brand outlets (EBOs). In addition, its front end also comprises of multi brand outlets (MBOs), large format stores (LFS) as well as online sales. It has successfully managed its omni-channel platform catering to its niche audience seamlessly via multiple channels for effective reach. Its physical retail footprint is through 535 EBOs located in 212 cities and spread across an area of 1.20 million SFT.
Facts about the company
It has a virtual leadership in the Indian celebration wear market, which is not only large but growing at a rapid pace currently.
The company has a totally integrated process flow that seamlessly integrates its supply chains, its actual production and the front end markets.
Technology-based strong supply chain and inventory systems
The experienced and professional leadership team
Points to note before investing in Vedant Fashions Ltd IPO
Vedant Fashions has a dominant position in celebration wear and owns the total value chain from sourcing inputs to managing dealer networks, giving them better control.
There will be no dilution of equity since it is an offer for sale and the intent of the IPO is just to list the company and make available the equity as currency for inorganic growth.
Its combination of franchisee model and the EBO front end enables Vedant Fashions to grow the brand and store value at a much lower capital cost that is ROE enhancing.
Company profits halved were sharply lower at Rs.133 crore due to limited cost absorption. However, first half of FY23 has shown improved traction.
Omni-channel network of seamlessly integrated business.
IPO Opening Date | Feb 4, 2022 |
IPO Closing Date | Feb 8, 2022 |
Issue Type | Book Built Issue IPO |
Face Value | ₹1 per equity share |
IPO Price | ₹824 to ₹866 per equity share |
Market Lot | 17 Shares |
Min Order Quantity | 17 Shares |
Listing At | BSE, NSE |
Allotment, Listing and Refunds details
Basis of Allotment Date | Feb 11, 2022 |
Initiation of Refunds | Feb 14, 2022 |
Credit of Shares to Demat Account | Feb 15, 2022 |
IPO Listing Date | Feb 16, 2022 |
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