The Vedant Fashions IPO has garnered significant attention in the Indian stock market, and investors are keenly awaiting the listing of its shares. Here’s a comprehensive overview focusing on the Vedant Fashions Ipo Listing Date and other crucial details for potential investors.
The issue size of the Vedant Fashion IPO was substantial, totaling ₹3149.19 Cr. The price band for the IPO was set between ₹824 to ₹866 per share. Investors were offered shares within this price range, reflecting the company’s valuation and market expectations.
The highly anticipated Vedant Fashions IPO listing date was February 16, 2022. This date marked the debut of Vedant Fashions shares on the stock exchanges, allowing investors who were allotted shares to begin trading them on the open market. The listing date is a critical piece of information for investors as it signifies when they can finally see their investment reflected in their portfolios and participate in the secondary market trading of the stock.
The Grey Market Premium (GMP) is often monitored as an indicator of potential listing performance. For the Vedant Fashion IPO, the latest tentative GMP was ₹40. It’s important to note that GMP is an informal market indicator and should not be the sole basis for investment decisions.
The subscription status of an IPO reflects investor demand. The Vedant Fashion IPO was subscribed 2.57 times as of February 8, 2022. This overall subscription level indicates a moderate level of investor interest in the IPO.
Vedant Fashion IPO Valuation
Understanding the valuation of the company is crucial for investors. Based on the upper price band of ₹866 and existing shares of 24.26 Cr, the market capitalization of Vedant Fashion IPO was approximately ₹21,009.16 Cr. The Earnings Per Share (EPS) for FY21 was ₹5.36, providing a metric for assessing the company’s profitability in relation to its share price.
| Particulars | Value |
|---|---|
| Upper Price Band | ₹866 |
| Existing Shares (Qty) | 24.26 Cr |
| Market Cap | ₹21,009.16 Cr |
| EPS (FY21) | ₹5.36 |
Vedant Fashion IPO Issue Size
The total Vedant Fashion IPO issue size was ₹3149.19 Cr. It’s important to note the breakdown of this issue size to understand the nature of the IPO.
| Issue | Amount |
|---|---|
| Fresh Issue | ₹0 Cr |
| Offer For Sale | ₹3149.19 Cr |
As seen, the entire issue was an Offer For Sale (OFS), meaning no fresh capital was being raised by the company. The funds were entirely from existing shareholders selling their stake.
Vedant Fashion IPO Market Lot
For individual investors, understanding the market lot is essential for application purposes. Investors could apply for a minimum of 1 lot, consisting of 17 shares, and a maximum of 13 lots, totaling 221 shares.
| Application | Lot | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 17 | ₹14,722 |
| Maximum | 13 | 221 | ₹1,91,386 |
This structure defines the minimum and maximum investment amounts for retail participants in the IPO.
Vedant Fashion IPO Share Offer
The allocation of shares across different investor categories is a key aspect of the IPO structure. The Vedant Fashion IPO offered shares across Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and Retail Individual Investors (RII).
| Category | % Offered | Subscription |
|---|---|---|
| Qualified Institutional | Maximum 50% | 7.49 Times |
| Non-Institutional | Minimum 15% | 1.07 Times |
| Retail Individual | Minimum 35% | 0.39 Times |
| Total | 2.57 Times |
As indicated, Qualified Institutional Buyers showed strong interest with a subscription of 7.49 times, while retail subscription was lower at 0.39 times.
Vedant Fashion IPO Grey Market Premium Trend
The Grey Market Premium (GMP) for Vedant Fashion IPO remained consistent in the days leading up to the listing date.
| As on | GMP (Tentative) |
|---|---|
| 5 February 2022 | ₹40 |
| 6 February 2022 | ₹40 |
| 7 February 2022 | ₹40 |
This stable GMP suggested a steady, albeit not exceptionally high, level of grey market interest.
Here are the important dates associated with the Vedant Fashion IPO, culminating in the IPO listing date:
| Schedule | Date |
|---|---|
| Basis of Allotment | 11 February 2022 |
| Refunds | 14 February 2022 |
| Credit to Demat Account | 15 February 2022 |
| IPO Listing Date | 16 February 2022 |
These dates are crucial for investors to track the progress of their IPO application and the eventual listing of the shares. The Vedant Fashions IPO listing date of February 16, 2022, was the final and most anticipated event in this IPO process, marking the start of the company’s journey as a publicly listed entity.
