11/02/2022
Hello
Vedant Fashions Limited has come up with a Rs 3,149 crore IPO is entirely an Offer for Sale (OFS) by existing shareholders of the company, including the promoters. After the sale, the share of the promoter and promoter group will reduce to 84.9% from 92.4%.
Manyavar IPO Subscription Status -
The Manyavar IPO is subscribed 1.62 times on Feb 8, 2022 2:17:00 PM. The public issue subscribed 0.36 times in the retail category, 4.94 times in the QIB category, and 0.14 times in the NII category.
About Manyavar
It 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. It 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).
What do you think about this IPO.