{"id":24251,"date":"2022-02-17T11:13:24","date_gmt":"2022-02-17T05:43:24","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=24251"},"modified":"2022-02-17T11:53:59","modified_gmt":"2022-02-17T06:23:59","slug":"is-vedant-fashions-fairly-priced-check-what-analysts-are-saying","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/is-vedant-fashions-fairly-priced-check-what-analysts-are-saying\/","title":{"rendered":"Is Vedant Fashions Fairly Priced? Check what analysts are saying"},"content":{"rendered":"<ul class=\"wp-block-list\"><li><strong>Analysts had expected Vedant Fashions Limited\u2019s IPO to list at a discount or at par, but it got listed at a premium of 8% on its issue price.<\/strong><\/li><li><strong>They suggested that the company has good fundamentals, but the valuation was a major concern.<\/strong><\/li><li><strong>Some analysts believe that investors can exit as the valuations are a little expensive and there is a little room for further gains.&nbsp;<\/strong><\/li><\/ul><div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-690721318\"><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 Fashions Ltd., the owner of men\u2019s celebration wear brand Manyavar and similar brands listed at a premium of 8% over its issue price of \u20b9866 per share on the NSE (National Stock Exchange) on February 16, 2022.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1312817589\"><!-- 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>After its strong opening on the bourses, it managed to hold on in positive territory. Many investors made listing gains. It surged to almost reach the 4-figure mark, but could not.&nbsp;<\/p><p>Its IPO was an offer for sale and many analysts had suggested that it might get listed at a discount or at par, owing to its perceived expensive valuations and weak response with a 2.57x subscription. However, the listing was much better than what was expected. It closed just marginally above the listing price.<\/p><p>\u201cThe company has strong brand value with good fundamentals, however, valuation is a major concern, therefore, investors should approach it from the long-term perspective where any dip of 15-20 per cent from current levels will be a good buying opportunity,\u201d said Santosh Meena, head of research at Swastika Investmart.<\/p><div class=\"trade-content_5\" id=\"trade-2591524100\"><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>Some analysts believe that investors can exit as the valuations are a little expensive and there is little room for further gains. Most of them had recommended it for long-term gains and not for listing gains.<\/p><p>\u201cIf non-allotted investors wish to buy on the listing day, it is better to wait and watch for better-discounted pricing, while risk-takers may consider holding it as a high-risk high-return with a long-term perspective,\u201d said Prashanth Tapse, vice president of research at Mehta Equities.<\/p><p>&nbsp;&#8220;The company has an asset-light EBO model that lets them focus on vendor and inventory management by understanding consumer preferences through the collected secondary sales data. Considering its operating margins and strong balance sheet backed with higher brand recall for celebration wear, we recommend to subscribe the issue for long term,&#8221; said Canara Bank Securities.<\/p><p>Vedant Fashions Ltd raised 3149.19 crores through the IPO and did not receive any proceeds as it was an offer for sale.<\/p><div class=\"trade-after-content\" id=\"trade-439973450\"><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>Analysts had expected Vedant Fashions Limited\u2019s IPO to list at a discount or at par, but it got listed at a premium of 8% on its issue price. They suggested that the company has good fundamentals, but the valuation was a major concern. Some analysts believe that investors can exit as the valuations are a [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":24252,"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":[2689,2691,2688,2690],"class_list":["post-24251","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editor-pick","category-ipo","tag-vedant-fashions-ipo","tag-vedant-fashions-ipo-apply-or-avoid","tag-vedant-fashions-ipo-details","tag-vedant-fashions-ipo-should-i-buy"],"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>Is Vedant Fashions Fairly Priced? 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