Retail/Fashion - Listed on 16 February 2022
Vedant Fashions (Manyavar) (Retail/Fashion) closed its IPO window in 2022 and listed on NSE and BSE on 16 February 2022 at an upper band issue price of Rs 866, opening at Rs 933.55 for a listing gain of +7.8% and closing day one at Rs 943.05 (+8.9% on closing basis). The IPO was subscribed 185.80x overall - QIB 132.54x, HNI/NII 254.16x, Retail 243.03x. The total issue size was Rs 290 Cr (Fresh Issue Rs 290 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Retail/Fashion
Vedant Fashions (Manyavar) operates in the Retail/Fashion space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Vedant Fashions (Manyavar) issue was offered at an upper price of Rs 866 and raised approximately Rs 290 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 40 | +4.62% |
| Day 2 | Rs 40 | +4.62% |
| Day 3 | Rs 50 | +5.77% |
| Day 4 | Rs 40 | +4.62% |
| Day 5 | Rs 15 | +1.73% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the Vedant Fashions (Manyavar) IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Vedant Fashions (Manyavar) IPO listed at +7.8% versus the upper issue price of Rs 866 on 16 February 2022.
Vedant Fashions (Manyavar) IPO was subscribed 185.80x overall. QIB portion was subscribed 132.54x, HNI / NII 254.16x and Retail 243.03x.
IPO GMP started at Rs 40 on Day 1 and moved to Rs 15 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.