Vedant Fashions IPO Assignment: The assignment of Manyavar IPO will take place today. Bidders can check their application status online by logging into the BSE website or the website of the official registrar of this IPO. The official registrar of Vedant Fashions IPO is KFintech Private Limited. Vedant Fashions plans to raise approximately Rs 3,149.19 crore through its IPO. The company had set a price margin of Rs 824-866 per share. The IPO consists solely of an offer to sell (OFS) of 36,364,838 shares by the promoter and existing shareholders. 50 percent of the issue size was reserved for qualified institutional buyers, 35 percent for retail investors and the remaining 15 percent for non-institutional investors. Private investors were allowed to bid on a minimum of 17 shares.
Vedant Fashions IPO: about the company
Founded in 2002, Vedant Fashions serves the Indian party wear market with a diverse portfolio of brands. It provides a one-stop destination with a wide variety of product offerings for any festive occasion. Vedant Fashions caters to the Indian party wear market with a diverse portfolio of brands including ‘Manyavar’, ‘Mohey’, ‘Mebaz’, ‘Manthan’ and ‘Twamev’.
Vedant Fashions IPO GMP
The latest Vedant Fashions IPO GMP as of today is Rs 6. This means that investors can receive a listing profit of Rs 6 when the shares are listed on the exchange. At the higher end of the price range, the stock could be trading at around Rs 872, according to market analysts. However, secondary market experts said GMP is not an ideal indicator of expected listing as it has nothing to do with the company’s balance sheet. They advised investors to look at the company’s financial data as it gives a concrete idea about the company’s financial status and business model.
Vedant Fashions IPO allocation links
As mentioned above, bidders are advised to check the status of Vedant Fashions’ IPO allotment online by logging into the BSE website or the official website of KFintech.
Check Vedant Fashions’ allotment status through the registrar’s KFintech website
-If you want to check the status of the share allocation, please select the company name as ‘
-From the drop-down list on the Link Intime India website when indicated.
-Check the PAN, Application Number or Custodian/Client ID box. Therefore, enter the permanent account number or application number or depositary/client ID in the box.
-Enter the given captcha in the space provided and click the submit button. This shows the number of shares applied and allocated to the investor.
Check the allotment status of shares in Adani Wilmar through BSE website
-Another way to check the assignment status in Vedant Fashions is through the BSE website.
-Select ‘Stocks’ as the issue type, and ‘Vedant Fashions’ as the issue name from the drop-down list, when indicated.
-Enter the application number and PAN (permanent account number). Click on ‘I am not a robot’.
-In the last step, click the Search tab to view the status details.
Read all the Latest News, Breaking News and Coronavirus News here.