The issue of Vedanta Fashions will open on February 4 and close on February 8, priced at Rs 824-866.
Vedanta Fashion: Vedanta Fashions, owner of Manyavar brand, raised Rs 945 crore from Anchor investors on February 3, a day before the IPO opened. Vedanta Fashions has issued 1,09,09,450 equity shares to anchor investors, according to data provided to the BSE. These shares have been given to Anchor Investors at Rs. 8 per share. Accordingly, Vedanta Fashions Anchor has raised Rs 944.75 crore from investors.
Anchor investors in Vedanta Fashion include the Government of Singapore, the Monetary Authority of Singapore, Fidelity, Nomura, Abu Dhabi Investment Authority, Morgan Stanley Asia (Singapore), BNP Paribas Arbitrage and Society General.
Also included are HDFC Life Insurance Company, ICICI Prudential Life Insurance Company, SBI Mutual Fund, ICICI Prudential Mutual Fund, Kotak Mutual Fund, Aditya Birla Sunlife Mutual Fund, Sui.
The issue of Vedanta Fashions will open on February 4 and close on February 8. The issue price band of the company has been fixed at Rs 824-866.
Company Issue Offer for Sale (OFS). The promoters and existing shareholders of the company are selling 36,364,838 equity shares in OFS. The company is preparing to raise Rs 3,149 crore from the issue.
What is GMP?
According to market experts, a day before the issue opened, shares of Vedanta Fashion were trading at a premium of Rs 43 in the gray market. According to him, the company’s shares are being traded at 909 rupees in the gray market.
Vedanta Fashion’s stock list is scheduled for February 16, 2022 on BSE and NSE. As of September 2021, the company has a total of 546 exclusive brand outlets. There are 58 shop-in-shops in other countries of the world. This includes the company’s exclusive brand stores in 11 countries, including the United States, Canada and the United Arab Emirates, where Indians have a huge presence.