Vedant Fashions Limited (Manyavar) IPO

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Vedant Fashions Limited is the largest company in India in the men’s Indian wedding and celebration wear segment in terms of revenues and PAT for FY20

The company had a network of 300 franchisees as of September 30, 2021. The company is headquartered in Kolkata and was founded by Mr. Ravi Modi.

The company’s IPO will open on February 4, 2022 and will close for subscription on February 8, 2022.

The company’s revenue from operations declined from ₹800 crores in FY19 to ₹564 crores in FY21. For the period ended September 30, 2021, the company’s revenue from operations stood at ₹359 crores.

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