Vedant Fashions Ltd. IPO

One of the largest our company in the branded Indian wedding and celebration wear market with a pan India presence. It has brands like Manyavar, Mohey, Mebaz, Manthan, and Twamev.

RHP
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DRHP
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Open Date

2022-02-04

Close Date

2022-02-08

Company Financials

You can get the following financial statements of Vedant Fashions Ltd. as of now.

Subscription Details

The details about the Vedant Fashion IPO is as:

  • The issue size of the IPO is 3149.19 Cr.
  • The price band ranges from Rs 824 to Rs 866.
  • The shares of Vedant Fashion ltd will list on 16th February 2022.
  • The latest tentative GMP of Vedant Fashion IPO is Rs 40.
  • The shares of Vedant Fashion IPO is subscribed 2.57 Times as of 8th February 2022.

Vedant Fashion IPO Valuation

The approx valuation of Vedant Fashion IPO company based on its price band and DRHP (prospectus) is: 

Particulars Value
Upper Price Band Rs 866
Existing Shares (Qty) 24.26 Cr
Market Cap 21,009.16 Cr
EPS (FY21) Rs 5.36

 

Vedant Fashion IPO Issue Size

Vedant Fashion IPO issue size is 3149.19 Cr. 

Issue Amount
Fresh Issue 0 Cr
Offer For Sale 3149.19 Cr

 

Vedant Fashion IPO Market Lot

An Individual can apply for a minimum 1 lot of 17 shares and a maximum of 13 lots of 221 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 17 Rs 14,722
 Maximum 13 221 Rs 1,91,386

 

Vedant Fashion IPO share offer

The shares of Vedant Fashion IPO is subscribed 2.57 Times as of 8th February 2022. The category-wise shares offered are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 7.49 Times
Non-Institutional Minimum 15% 1.07 Times
Retail Individual Minimum 35% 0.39 Times
Total   2.57 Times

 

Vedant Fashion IPO Grey Market Premium

As on GMP (Tentative)
5 February 2022 Rs 40
6 February 2022 Rs 40
7 Februaru 2022 Rs 40

 

It is purely for informational purposes and invest in an IPO after thoroughly researching on your own.

Allotment Details

Find below the dates for Vedant Fashion IPO:

Schedule Date
Basis of Allotment 11 February 2022
Refunds 14 February 2022
Credit to Demat Account 15 February 2022
IPO Listing Date 16 February 2022

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 794.15 915.17 542.41 1008.75 1325.96
Total Expenditure 520.57 517.21 307.37 528.42 668.17
Operating Profit 273.59 397.95 235.04 480.33 657.8
Other Income 19.09 32.11 57.56 48.54 37.04
Interest 4.35 24.8 25.07 27.07 30.35
Depreciation 8.46 82.46 89.05 88.03 97.46
Exceptional Items 0 0 0 0 0
Profit Before Tax 279.86 322.81 178.49 413.77 567.03
Provision for Tax 97.6 77.68 47.74 105.41 144.14
Net Profit 182.27 245.12 130.74 308.35 422.89
Adjusted EPS (Rs.) 0.73 0.98 0.53 1.27 1.74

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 25.05 25.05 24.79 24.27 24.28
Total Reserves 865.09 1051.1 1074.57 1059.86 1370.77
Borrowings 0 0 0 0 0
Other N/C liabilities 117.29 288.47 564.06 628.01 664.53
Current liabilities 139.6 226.07 373.15 552.83 760.88
Total Liabilities 1147.03 1590.68 2036.57 2264.98 2820.46
Assets
Net Block 252.29 482.49 445.78 495.08 517.54
Capital WIP 1.36 0 0.25 0 2.02
Intangible WIP 1.11 0.25 0.14 0.1 0.17
Investments 25.29 66.15 100.09 120.34 189.46
Loans & Advances 107.74 102.7 401.09 411.31 428.95
Other N/C Assets 8.91 0.08 0.1 1.42 0.16
Current Assets 750.33 939.01 1089.12 1236.72 1682.16
Total Assets 1147.03 1590.68 2036.57 2264.98 2820.46
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Other Income 8.75 11.91 14.68 14.79 15.09
Profit Before Tax 197.27 142.91 124.17 65.03 211.74
Tax 50.33 35.85 31.84 16.04 54.06
Profit After Tax 146.94 107.06 92.33 48.99 157.68
Adjusted EPS (Rs) 6.05 4.41 3.8 2.02 6.49

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 74.97 0
Dec 2023 74.98 0
Sep 2023 74.99 0
Jun 2023 75 0
Mar 2023 84.88 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 279.86 322.81 178.49 413.77 567.03
Adjustment -5.18 80.02 60.25 74.9 93.55
Changes in Assets & Liabilities -0.7 -87.21 48.38 -40.95 -56.41
Tax Paid -95.3 -74.96 -34.42 -106.65 -145.06
Operating Cash Flow 178.68 240.66 252.7 341.07 459.12
Investing Cash Flow -165.01 -95.93 -90.02 62.01 -227.89
Financing Cash Flow -12.86 -137.9 -164.75 -406.45 -226.39
Net Cash Flow 0.81 6.83 -2.07 -3.38 4.84
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