Vedant Fashions unveils ₹3,150-crore IPO

The price band has been fixed at ₹824 to ₹866 per equity share of face of ₹1 each.

January 28, 2022 10:54 pm | Updated 11:24 pm IST - Mumbai

Vedant Fashions Limited, which owns the Manyavar brand, has unveiled a ₹3,150-crore IPO. The share sale will open on February 4.

The price band has been fixed at ₹824 to ₹866 per equity share of face of ₹1 each. Bids can be made for a minimum of 17 equity shares and in multiples of 17 thereafter. The IPO consists of 36,364,838 equity shares of face value of ₹1 each for offer for sale by selling shareholders including Rhine Holdings Ltd., Kedaara Capital Alternative Investment Fund-Kedaara Capital AIF 1, and Ravi Modi Family Trust.

Top News Today

Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.