Vedant Fashions, who have used the Manyavar ethnic brand, will launch the Initial Public (IPO) offer next week on February 4, will be the third public offering this year after AGS Transact Technologies and Adani Wilmar.

Here are 10 important things to know about public issues:

1) IPO Date

Offer will open to subscribe on February 4 and the closing date is February 8. The book anchor will open for the day on February 3, 2022.

2) band price

The IPO band has been repaired at RS 824-866 per equity stock.

3) General Issue Size

The company plans to mobilize RS 3.149.2 Crore by offering 3.63,64,838 equity shares, which are all offers for sale by investors and promoters.

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The offer for sale consisted of 1.74,59,392 stock equity by Rhine Holdings, 7.23,014 Equity shares by Kedaara Capital Alternative Investment Fund-Kedaara Capital AIF 1, and the remaining 1.81,82,432 shares of equity by promoter Ravi Modi Family Trust.

4) Purpose of Issue

Vedant Fashions will not receive IPO results because all the money will go to sell shareholders.

The purpose of this offer is to achieve benefits from the equity stock list on the Stock Exchange; And carry out an offer for the sale of equity shares 3.6 crore by shareholders selling holding, the company said in the prospectus.

5) Lot size and CategoryWise stock allocation

Investors, in addition to anchor investors, can bid for a minimum of 17 shares of equity and in multiples of 17 equity shares afterwards. Therefore retail investors can invest at least RS 14,722 per lot and their maximum investment will be Rs 1,91,386 for 13 many.

Half of the total offer is reserved for buyers of institutions that meet the requirements, 15 percent for non-institutional investors and the remaining 35 percent for retail investors.

6) Company Profile

Fashions Vedant became the largest company in India in India marriage and wearing a men’s segment celebration in terms of income, OPBDIT and profit after tax on FY20. OPBDIT operates profit before depreciation, interest and tax.

This is the one-stop-shop purpose with a broad spectrum of product offerings for every celebration opportunity, having an asset-light business model, out sourcing the majority of manufacturing operations, with a majority of large sales produced through the Ebos Franchisee. On September 30, 2021, it has a 1.2 million square foot trail which includes 535 EBOS (including 58 stores-in-shop) covering all 212 cities and cities in India, and 11 EBOS overseas throughout the United States , Canada and UAE, which are countries with large Indian diaspora.

According to Crisil, the ‘Manyavar’ brand is a category leader in the wedding branded Indian market and a weed celebration with the presence of PAN India, on FY20.

positioning brand

In the six months ended 2021, the company produced 44.76 percent of sales from Ebos Franchisee owned by Tier City, 38.64 percent of Tier II City and 13 percent of Tier III of the city. The remaining 3.59 percent is from the international market.

In India, the branded market is expected to grow at 18-20 percent between the FY20-FY25, mainly due to the increase in the availability of branded Indian weddings and wore celebrations.

The company intends to focus on further increasing its leadership position in India marriage and wearing organized market celebrations and building dominance in the premium segment and marriage value and Indian market celebrations using men through brands, twamev and mantan, respectively, and at weddings and market celebrations Indian women wear through the brand, Mohey launched in 2015.

He did not have the right comparable partner between the company registered in India.

7) Finance

The Manjanavar operator recorded a profit of Rs 98.41 Crore in the six-month period ended September 2021 against the loss of RS 17.64 Crore in the last final fiscal period. Revenue from operations during the same period increased significantly to Rs 359.84 Crore from Rs 71.7 Crore Yoy. The number in 6MFY21 was influenced by the Covid-19 crisis.

In the financial year of FY21, it recorded a profit of Rs 132.9 Crore, much lower than RS 236.63 Crore which was reported in the previous year due to national locking led by Covid. Income also declined to Rs 564.82 Crore from Rs 915.55 Crore during the same period.

In the TA21 and six months ended September 30, 2021, 90.14 percent and 88.09 percent of its sales, respectively, were produced by the exclusive brand outlet franchise (EBO), with the rest by multi-brand outlets (Mbo), Large format stores (LFSS) and online platforms and cellular applications.

8) Promoters and management

Ravi Modi, Modi Shilpi, and Ravi Modi Family Trust is a promoter of Vedant Mode, has a share ownership of 76.38 percent in the company. The promoter’s share ownership and promoter in the company reached 92.40 percent during the RHP submission.

The remaining 7.6 percent of shares were held by investors including Holdings Rhine which had 7.19 percent of shares in the company.

Promoter Ravi Modi is the chairman and executive director on the Council of the Company, and his wife Shilpi Modi is all the time of the director.

Sunish Sharma is the director of the candidate, while Manish Mahendra Choksi, Abanti Mitra, and Tarun Puri is an independent director.

Rahul Murarcha is the Head of the Company’s Financial Officer.

9) Premium Gray Market

Vedant mode shares are traded at Rs 916-946 per share in the gray market, 6-9 percent premium over the price ribbon above Rs 866 per share, according to the IPO Watch and the Central IPO.

10) Date of Register & Ration

After closing public problems on February 8, the company will complete the IPO share notification on February 11. The funds will be returned to unsuccessful investors on February 14 and equity stocks will be credited to the Demat Investor account that qualifies on February 15.

Equity shares will be registered with the BSE and the Indian National Stock Exchange on February 16.

AXIS capital, Edelweiss Financial Services, ICICI Securities, IIFL Securities, and Box Mahindra Capital Company is a company promoter, while Kfin Technologies is a recipient of the offer.