Vedant Fashions Limited, the company behind popular Indian ethnic wear brands like Manyavar, Mohey, and Mebaz, launched its IPO on February 4, 2022. Investors are keenly tracking the Vedant Fashions IPO GMP (Grey Market Premium) to gauge potential listing gains. This article provides the latest updates on Vedant Fashions IPO GMP, Kostak rates, and Subject to Sauda, offering insights into the grey market sentiment surrounding this IPO.
The Vedant Fashions IPO aimed to raise ₹3149 crores through an offer for sale of 36,354,838 equity shares, with a price band fixed at ₹824 to ₹866 per share. As a leading player in the Indian wedding and celebration wear market, Vedant Fashions’ IPO attracted significant attention. The grey market premium serves as an unofficial indicator of expected listing performance, reflecting investor anticipation and demand.
Understanding Vedant Fashions IPO GMP Today
As of the latest updates, the Vedant Fashions IPO GMP is ₹-. It’s important to note that the grey market premium is dynamic and can fluctuate based on market conditions and investor sentiment. A positive GMP generally suggests that the IPO may list at a premium over its issue price. However, it’s crucial for investors to not solely rely on GMP for investment decisions, as it is an unofficial and speculative indicator.
Vedant Fashions IPO Kostak Rates
The Vedant Fashions IPO Kostak rate is ₹-. Kostak rate refers to the premium at which investors can sell their IPO applications before allotment. This is another aspect of the grey market that reflects the demand and supply dynamics for the IPO shares even before they are officially allotted.
Vedant Fashions IPO Subject to Sauda Price
The Vedant Fashions IPO subject to sauda rates is ₹-. Subject to Sauda is another grey market term indicating the price for confirmed IPO applications, contingent on allotment. These rates, like GMP and Kostak, provide additional perspectives on the grey market’s view of the IPO’s potential.
Expected Returns and Grey Market Trends
Based on grey market premiums, the Vedant Fashions expected return was -%. However, it’s crucial to remember that these are just estimations derived from grey market activity. The actual listing performance depends on various market factors and the company’s fundamentals.
The table below presents a historical view of Vedant Fashions IPO GMP trends, along with Kostak and Subject to Sauda rates over a period leading up to the listing date. This historical data can provide context on how the grey market sentiment evolved for this IPO.
| Date | GMP | Kostak | Subject to |
|---|---|---|---|
| 15 February | ₹- | ₹- | ₹- |
| 14 February | ₹- | ₹- | ₹- |
| 13 February | ₹- | ₹- | ₹- |
| 12 February | ₹- | ₹- | ₹- |
| 11 February | ₹10 | ₹- | ₹- |
| 10 February | ₹10 | ₹- | ₹- |
| 09 February | ₹10 | ₹- | ₹- |
| 08 February | ₹10 | ₹- | ₹- |
| 07 February | ₹40 | ₹400 | ₹800 |
| 06 February | ₹40 | ₹400 | ₹800 |
| 05 February | ₹40 | ₹400 | ₹800 |
| 04 February | ₹50 | ₹400 | ₹800 |
| 03 February | ₹50 | ₹400 | ₹800 |
| 02 February | ₹40 | ₹400 | ₹800 |
| 01 February | ₹40 | ₹400 | ₹800 |
| 31 January | ₹90 | ₹400 | ₹800 |
| 30 January | ₹90 | ₹500 | ₹800 |
| 29 January | ₹90 | ₹500 | ₹800 |
| 28 January | ₹80 | ₹- | ₹- |
| 27 January | ₹80 | ₹- | ₹- |
| 26 January | ₹- | ₹- | ₹- |
| 25 January | ₹- | ₹- | ₹- |
| 24 January | ₹- | ₹- | ₹- |
| 23 January | ₹- | ₹- | ₹- |
This table illustrates the fluctuating nature of Vedant Fashions IPO GMP. Initially, there was significant grey market enthusiasm, with GMP reaching ₹90 on January 31st. However, the GMP subsequently decreased and remained volatile leading up to the listing. Such fluctuations are common and highlight the speculative nature of the grey market.
Key Dates and IPO Information
For investors following the Vedant Fashions IPO, here’s a summary of important dates and key information:
- IPO Open Date: 04 February 2022
- IPO Close Date: 08 February 2022
- IPO Size: Approx ₹3149 Crores
- Price Band: ₹824 to ₹866 Per Share
- Listing Exchanges: BSE & NSE
- Allotment Date: 11 February 2022
- Listing Date: 16 February 2022
The IPO offered a retail quota of 35%, with QIB and NII quotas set at 50% and 15% respectively. The minimum market lot was 17 shares, requiring an application amount of ₹14,722.
Frequently Asked Questions about Vedant Fashions IPO GMP
What does Vedant Fashions IPO GMP indicate?
Vedant Fashions IPO GMP (Grey Market Premium) is an unofficial premium that IPO shares trade at in the grey market before listing. It reflects the anticipated listing gains based on market speculation and demand. A higher GMP suggests stronger listing prospects, but it’s not a guaranteed indicator of actual listing performance.
How reliable are Vedant Fashions IPO GMP, Kostak rates, and Subject to Sauda?
GMP, Kostak rates, and Subject to Sauda are all grey market indicators. While they offer insights into market sentiment, they are unofficial, speculative, and can be volatile. They should not be the sole basis for making investment decisions. Investors should consider company fundamentals and overall market conditions in addition to grey market trends.
Where can I find the most accurate Vedant Fashions IPO GMP updates?
Tracking Vedant Fashions IPO GMP from reliable financial news sources and IPO analysis platforms is recommended. However, remember that GMP data can vary across sources and is subject to change quickly. Always verify information and consider it as one of many data points in your IPO analysis.
Disclaimer: Grey Market Premium (GMP) for Vedant Fashions IPO is as per the mentioned date and time. Grey market premiums are speculative and subject to change. Investors are advised to conduct thorough due diligence and consider company fundamentals before investing in IPOs.
