{"id":22654,"date":"2022-02-10T11:51:49","date_gmt":"2022-02-10T06:21:49","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=22654"},"modified":"2022-02-10T11:51:54","modified_gmt":"2022-02-10T06:21:54","slug":"manyavar-owner-vedant-fashions-ipo-listing-next-week-check-what-analysts-are-saying","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/manyavar-owner-vedant-fashions-ipo-listing-next-week-check-what-analysts-are-saying\/","title":{"rendered":"Manyavar Owner Vedant fashions IPO Listing Next Week &#8211; Check What Analysts are saying?"},"content":{"rendered":"<ul class=\"wp-block-list\"><li><strong>Vedant Fashions three-day IPO started on February 4th and has a price band of\u00a0 \u20b9824-\u20b9866 per share.<\/strong><\/li><li><strong>Its promoters and existing shareholders want to sell their shares, and the IPO is purely an offer for sale.<\/strong><\/li><li><strong>The allotment of shares will happen on February 11th, and the allotment status can be checked on the BSEs website or the official registrar\u2019s website.<\/strong><\/li><\/ul><div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1695625613\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Vedant Fashion, which owns ethnic wear Manyavar brand has come up with a three-day IPO (initial public offer) that opened on February 4th and was subscribed to 14% on the first day. The IPO closed on February 8th. Its price-band is \u20b9824-\u20b9866 per share for its \u20b93,149 crore issue.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2100405466\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Anil Singhvi, Zee Business Managing Editor has recommended that investors can apply for these shares for the long-term as it is a strong brand leader, boasts of strong financials, margin and cash flow. Speaking of negatives, he added that the upper price band of \u20b9866 appears to be expensive.<\/p><p>&#8220;Currently, promoters holding in the company stands at 85%, which has to be reduced by at least 10%,&#8221; he added. The grey market premium of the company has been decreasing. It was \u20b918, it went down to \u20b912 and it is \u20b910 today.<\/p><p>The IPO is purely an offer for sale by promoters and existing shareholders. 1.74 crore shares will be sold by Rhine Holdings Ltd; Kedaara Capital Alternative Investment Fund-Kedaara Capital AIF will sell up to 7.23 lakh shares and up to 1.81 crore shares will be sold by Ravi Modi Family Trust.\u00a0\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-1888517736\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>36,364,838 equity shares are on offer and half of them have been reserved for qualified institutional buyers, 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors. Since it is an offer for sale, the company will not receive any proceeds from the issue.<\/p><p>The company owns brands like Manyavar, Mohey, Twamev, Manthan, and Mebaz and has an exclusive retail network of 546 brand outlets in India and abroad. Further, it operates via online platforms, multi-brand outlets (MBOs), and large format stores (LFSs).<\/p><p>Kfin Technologies India Pvt. Ltd. is the registrar for this IPO and the BRLMs are ICICI Securities, Axis Capital, Kotak Mahindra Capital, IIFL Securities, and Edelweiss Financial Services.&nbsp;<\/p><p>Bidders will be able to check their application status online by logging in at BSE\u2019s website or at the official website of Kfin Technologies India Pvt. Ltd.<\/p><p>&#8220;Vedant Fashions commonly known as Manyavar is a well-known name in a market of celebration wear. However, the financials are not promising and in a downward direction since the Covid-19 pandemic. The company&#8217;s total assets and profit margins have also been reduced. The IPO price band seems at the higher side as compared to the valuations.&#8221; said Ravi Singh, VP and Head of Research at Share India.<\/p><p><strong>Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Trade Brains.<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-3527473355\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-977924852\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Vedant Fashions three-day IPO started on February 4th and has a price band of\u00a0 \u20b9824-\u20b9866 per share. Its promoters and existing shareholders want to sell their shares, and the IPO is purely an offer for sale. The allotment of shares will happen on February 11th, and the allotment status can be checked on the BSEs [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":22661,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1513,1516],"tags":[],"class_list":["post-22654","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editor-pick","category-ipo"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Manyavar Owner Vedant fashions IPO Listing Next Week - Check What Analysts are saying? - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/manyavar-owner-vedant-fashions-ipo-listing-next-week-check-what-analysts-are-saying\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Manyavar Owner Vedant fashions IPO Listing Next Week - Check What Analysts are saying?\" \/>\n<meta property=\"og:description\" content=\"Vedant Fashions three-day IPO started on February 4th and has a price band of\u00a0 \u20b9824-\u20b9866 per share. 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