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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

The Hindu Bureau

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.

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