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| 04 February, 2022, 12:45 AM IST | E-Paper
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Business News›Markets›IPOs/FPOs›IPO bound Vedant Fashions offers exposure to the high margin ethnic wear market albeit at a high valuation
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    IPO bound Vedant Fashions offers exposure to the high margin ethnic wear market albeit at a high valuation

    Synopsis

    Incorporated in 2002, Kolkata headquartered Vedant fashions offers men’s ethnic wear across various price points. Its Manyavar brand is targeted at mid-price customers while Twamev and Manthan cater to high-end customers.

    ET Intelligence Group: Issue dates: February 4-8, 2022 Issue price: Rs 824-Rs 866 crore Issue size: Rs 3150 crore Lot size: 17 shares Retail portion: 35 per cent Vedant Fashions, the category leader in the men’s wedding wear known for its flagship brand Manyavar, is coming out with an IPO to offer exit to its existing institutional investors; promoters too will be participating in the offer for sale and will hold nearly 85 per cent stake
    BY
    ET Bureau
    3 mins read
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