Want to know about Manyavar IPO, Manyavar GMP, Manyavar IPO Price Today, Manyavar IPO Lot size, Manyavar IPO Allotment date than you are came at right place. Here you will get all the details related to Manyavar IPO News.
Manyavar IPO opens on Feb 4, 2022, and closes on Feb 8, 2022
About Manyavar Company
Vedant Fashions’ ‘Manyavar’ brand is a category leader in the branded Indian wedding and celebration apparel market. Twamev, Manthan, Mohey, and Mebaz are some of the company’s other brands.
Ravi Modi, Shilpi Modi, and the Ravi Modi Family Trust promote Vedant Fashions, a Kolkata-based ethnic apparel manufacturer. Twamev, Manthan, Mohey, and Mebaz are among of the company’s other brands. Its main brand is the male ethic brand ‘Manyavar,’ while its other brands include Twamev, Manthan, Mohey, and Mebaz. Manyavar is a market leader in branded Indian wedding and celebration attire, with a presence across the country.
Franchise-owned exclusive brand outlets (EBOs) account for the majority of the company’s revenue, with the remainder coming from multi-brand outlets (MBOs), large format stores (LFSs), and online platforms such as its website (www.manyavar.com) and mobile application.
As of September 30, 2021, the firm had a retail footprint of 1.2 million square feet, with 535 EBOs (including 55 shop-in-shops) spread across 212 Indian cities and towns, as well as 11 EBOs in the United States, Canada, and the United Arab Emirates.
Manyavar IPO Details
Manyavar IPO Opening Date: Feb 4, 2022
Manyavar IPO Closing Date: Feb 8, 2022
Face Value: ₹1 per equity share
Manyavar Issue Type: Book Built Issue IPO
Manyavar IPO Price: ₹824 to ₹866 per equity share
Manyavar Market Lot: 17 Shares
Min Order Quantity: 17 Shares
Issue Size: Eq Shares of ₹1(aggregating up to ₹3,149.19 Cr)
Listing At: BSE, NSE
Employee Discount: –
QIB Shares Offered: Not more than 50% of the net issue
Retail Shares Offered: Not less than 35% of the net issue
NII (HNI) Shares Offered: Not less than 15% of the net issue
About Manyavar Company Promoters
Ravi Modi, Ravi Modi and Shilpi Modi Family Trust are the company Manyavar promoters.
Manyavar IPO Important Dates
The Manyavar IPO open date is Feb 4 2022, and the closing date is Feb 8, 2022. The issue may list on Feb 16 2022.
Manyavar IPO Open Date: Feb 4 2022
Manyavar IPO Close Date: Feb 8 2022
Manyavar IPO Basis of Allotment Date: Feb 11 2022
Manyavar IPO Initiation of Refunds: Feb 14 2022
Manyavar IPO Credit of Shares to Demat Account: Feb 15 2022
Manyavar IPO Listing Date: Feb 16 2022
Manyavar IPO Lot Size
The Manyavar IPO market lot size is 17 shares. Any retail-individual investor can apply for up to 13 lots (221 shares or directly ₹191,400).
Manyavar IPO Promoter Holding
Pre Issue Share Holding: 93%
Post Issue Share Holding: 85%
How to Apply in Manyavar IPO through Zerodha Broker?
Zerodha customers can now use UPI as an online payment gateway in the Manyavar IPO. Zerodha customers can apply for an Manyavar IPO by logging into the Zerodha Console and submitting an IPO application form.
Steps to apply in Manyavar IPO through Zerodha
Step 1: Visit the Zerodha website or App and login to Console.
Step 2: Go to your Portfolio and click the IPOs link.
Step 3: Go to the ‘Manyavar IPO’ row and just click the ‘Bid’ button.
Step 4: Enter your UPI ID, Quantity, and Price.
Step 5: Now ‘Submit’ IPO application form.
Step 6: Visit the UPI App (net banking or BHIM App) to approve the mandate process.
How to Check Manyavar IPO Allotment status from BSE
For check Manyavar IPO allotment status online at BSE website, all bidders are advised to login at BSE link — bseindia.com or you can directly go to BSE link – bseindia.com/investors/appli_check.aspx and just follow the below mentioned step by step guide to check one’s application status online:
1] Firstly, Login at the direct link to BSE website – Click Here
2] Choose Manyavar IPO;
3] Enter your Manyavar IPO application number;
4] Enter your PAN Card details.
5] Click on ‘I’m not a robot’.
6] Just Click at ‘Submit’ button.
7] That’s it.
Your Manyavar IPO allotment status will become available on your computer screen or on your Smartphone screen.
Manyavar Contact Information
Vedant Fashions Limited
Paridhan Garment Park, 19,
SDF-1, 4th Floor, A501-502,
Kolkata 700 015, West Bengal, India
(Phone: +91 33 6125 5495)
FAQ (Manyavar IPO)
When will Manyavar IPO will open?
Manyavar IPO opens on Feb 4 2022 and closes on Feb 8 2022.
What is the lot size of Manyavar IPO?
Manyavar IPO lot size is 17 Shares and the minimum quantity is 17 Shares.
When I will get Manyavar IPO allotment?
The finalization of Basis of Allotment for Manyavar IPO will be done at Feb 11, 2022, and the allotted of the shares will be credited to your demat account on Feb 15, 2022. You can Check the Manyavar IPO allotment status.
How to apply for Manyavar IPO online?
You can apply in Manyavar IPO online using any UPI or ASBA as a payment method. ASBA IPO application is also available in the net banking of your bank account.
When is Manyavar IPO listing date?
The Manyavar IPO listing date is not yet confirmed yet announced. But The tentative date of Manyavar IPO listing is Feb 15 2022.
Where do I check the allotment status for Manyavar IPO?
You can also check the IPO allotment status for the Manyavar IPO on the website of the Registrar or Transfer agent.
Alternatively you can check on the NSE website.