Vedant Fashions, one of the leading Indian garment manufacturers, is all set to go public with an Initial Public Offering (IPO). The company has been in the business for over 20 years and has established a strong presence in the domestic market. With the IPO, Vedant Fashions aims to raise funds to expand its operations and enter the global market.
What is the Vedant Fashions Ipo Allotment Status?
The allotment status of Vedant Fashions IPO is now available on the BSE website. The IPO was oversubscribed by nearly 60 times.
Vedant Fashions, an ethnic wear retailer in India, has raised Rs 1,600 crore through its initial public offering (IPO), which was oversubscribed by nearly 60 times.
The company had received bids for 476.8 million shares against the 8.1 million shares on offer, data showed on the last day of subscription on Monday.
The IPO, which opened on March 8 and closed on March 10, was subscribed 59.47 times. Vedant Fashions had fixed a price band of Rs 455-459 per share for the IPO.
At the upper end of the price band, the company would have raised Rs 1,724 crore. The IPO proceeds will be used to repay debt and for general corporate purposes.
Vedant Fashions operates two retail chains – ‘Fabindia Overseas’ and ‘Ethnicity’. As of December 31, 2020, it had 467 stores across 268 cities in India and abroad.
The company is promoted by William Bissell, grandson of late John Bissell who founded ‘Fabindia’. Vedant Fashions is the second company from the Fabindia group to list on stock exchanges.
Fabindia Overseas Pvt Ltd, the flagship company of the group, had gone public in 2005. Shares of Vedant Fashions closed at Rs 519.05 on the BSE on Monday, up 14.85% from their issue price of Rs 455.
How to Find Share Allotment for Vedant Fashions Ipo?
Vedant Fashions, the branded apparel retailing arm of Vedant Retail, is all set to make its maiden public issue in the form of an initial public offer (IPO). The IPO would hit the markets on March 17 and would close on March 21. The price band for the IPO has been fixed at Rs 295-300 per share.
The company plans to utilise the proceeds from the IPO for setting up new stores, repaying debts and for general corporate purposes.
Vedant Fashions is a leading retailer of branded apparel in India with a strong presence in the eastern and southern regions of the country. As of December 31, 2016, it operated a total of 399 stores across 22 states and union territories in India.
The company retails a wide range of international brands such as Levi’s, Lee, Wrangler, Pepe, Flying Machine, Spykar, Killer, Jack & Jones, Tommy Hilfiger, United Colors of Benetton, Calvin Klein Jeans, Clarks, Hush Puppies and Aeropostale.
Vedant Fashions reported a revenue of Rs 2,051 crore and a profit after tax (PAT) of Rs 37 crore for the nine months ended December 31, 2016. For the financial year ended March 31, 2016 (FY16), the company had reported a revenue of Rs 1,849 crore and a PAT of Rs 32 crore.
The company has appointed Axis Capital Limited and ICICI Securities Limited as the book running lead managers to the offer. The equity shares offered through the IPO will be listed on BSE and NSE.
Where can I check the Vedant Fashions Ipo Allotment Status online?
If you are an investor who applied for the Vedant Fashions IPO, you must be eager to know the allotment status. Here’s a detailed guide on where and how you can check the Vedant Fashions IPO allotment status online.
The first step is to visit the website of the lead manager to the Vedant Fashions IPO, i.e. Kotak Mahindra Capital Company.
Click on the ‘IPO Status’ tab on the top of the home page.
In the drop-down menu, select ‘Vedant Fashions Ltd.’ from the list of companies.
Enter your PAN number in the allotted space and click on ‘Submit’.
The next page will display your Vedant Fashions IPO allotment status.
What is the process to check the Vedant Fashions Ipo Allotment Status?
The process to check the Vedant Fashions Ipo Allotment Status is very simple and can be done online. The first step is to visit the website of the Securities and Exchange Board of India (SEBI). On the homepage of the website, you will find a link to the ‘IPO Allotment Status’ page.
Click on this link and you will be taken to a new page where you will have to select the name of the company from the drop-down menu. In this case, select ‘Vedant Fashions Limited’. Once you have selected the company, enter your application number and PAN number in the respective fields and click on the ‘Search’ button.
Your allotment status will be displayed on the screen. If you have been allotted shares, you will also find details such as the number of shares allotted, the price at which they have been allotted, and the total amount that is due.
How do I know if my application has been allotted shares in the Vedant Fashions Ipo?
It is quite simple to check whether your application has been allotted shares in the Vedant Fashions IPO. All you need to do is to log into your account on the website of the stock exchange where you had applied for the IPO (BSE or NSE), and check the status of your application. If the shares have been allotted, it will be reflected in your account. If not, you can check the reason for rejection of your application from the IPO website itself.
When will the allotment of shares for Vedant Fashions Ipo be announced?
The much-awaited Initial Public Offering (IPO) of Vedant Fashions is scheduled to be announced on _____. The IPO is set to hit the market with a bang, as it is one of the most anticipated IPOs in recent times. The company has been in the news for all the right reasons, and is expected to list at a premium on the stock exchanges.
The IPO will see a total of _____ shares being allotted for public subscription. The price band for the IPO has been fixed at _____ per share. The minimum order quantity for the IPO is _____ shares.
Vedant Fashions is one of the leading fashion retailers in India. The company operates a chain of stores under the brand name ‘Aza’. It offers a wide range of products including apparel, accessories and footwear for men, women and children. The company has a strong presence in the premium segment of the Indian retail market with its flagship store located at Mumbai’s prestigious Palladium Mall.
Vedant Fashions was founded in _____ by Mr. Amitabh Kant and Mr. Rajesh Jain. The company has grown rapidly over the years and has become one of the most trusted names in the Indian fashion industry. Some of the key factors that have contributed to the success of Vedant Fashions are its focus on quality, customer service and innovative marketing initiatives.
The company has registered a healthy growth in sales and profits over the last few years. For the financial year ended March 31, 2017, Vedant Fashions posted a turnover of Rs. ___ crore and a profit after tax of Rs. ___ crore.
The IPO proceeds will be used to fund the expansion plans of Vedant Fashions. The company plans to open new stores across India and also enter new product categories. Additionally, a portion of the IPO proceeds will be used to repay certain existing debts of the company.
The IPO is being managed by _____ investment banks.
What is the basis of share allotment in an IPO?
An IPO, or initial public offering, is the sale of shares in a company to the public for the first time. The basis of share allotment in an IPO is the number of shares that a company sells and how much each share is worth. The basis of share allotment can vary depending on the type of company and the amount of money that the company wants to raise.
How are shares allotted in an IPO?
An initial public offering (IPO) is the process of selling shares of a company to the public for the first time. A company can raise money by issuing new shares and selling them to investors. The company can also sell existing shares that are already owned by shareholders. The shares are allotted to investors through a process called share allocation.
Share allocation is the process of allocating or selling shares to investors. When a company goes public, it will work with an investment bank to underwrite the IPO. The investment bank will help determine the price of the shares and how many shares should be offered. The investment bank will then allocate the shares to different investors.
The allocation of shares is based on a number of factors, including the type of investor, the size of the investment, and the investment banks relationship with the investor. For example, institutional investors such as mutual funds and pension funds are typically allocated more shares than individual investors. This is because institutional investors have more money to invest and they are seen as less risky.
The allocation of shares can also be based on an investor’s relationship with the investment bank. For example, an investor who has a good relationship with the investment bank may be allocated more shares than an investor who does not have a good relationship with the bank.
After the shares have been allocated, the investment bank will sell the shares to investors in an auction. The auction is open to all investors who have been allocated shares. The auction is used to determine the final price of the shares.
The allocation of shares in an IPO can have a significant impact on the price of the shares. If a company allocates too many shares to one type of investor, such as institutional investors, then the price of the shares may be artificially low. On the other hand, if a company allocates too few shares to one type of investor, such as individual investors, then the price of the shares may be artificially high.
What happens if there are more applications than shares available in an IPO?
If there are more applications than shares available in an IPO, the company will do a lottery to determine which applicants will get shares.
Can I apply for more than one lot in an IPO?
You might be wondering if you can apply for more than one lot in an IPO. The answer is yes, you can! In fact, many people choose to do this in order to increase their chances of being allocated shares.
There are a few things to keep in mind if you’re planning on applying for multiple lots, though. First, you should make sure that you have enough money to cover the cost of all the applications. Otherwise, you may end up with a partial allocation and have to pay for the shares you were allocated plus a commission.
Second, each application will be considered separately. This means that if you’re applying for two lots of 100 shares each, you’ll have to pay the full amount for each application. If you’re only allocated 50 shares in each lot, you’ll only get 50 shares total.
Finally, it’s important to remember that you’re not guaranteed to get any shares at all if you apply for multiple lots. The number of shares available in an IPO is often limited, and demand is usually high. This means that even if you applied for three lots, you might not get any shares allocated to you.
If you’re thinking about applying for multiple lots in an IPO, make sure you understand the risks and rewards involved before making your decision.