VEDANT FASHIONS MANYAVAR

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As per industry estimates, sales of categories like ethnic wear and wedding wear, gold jewellery and electronic household appliances have declined by 10-20% in FY24 till February as compared to the same period in FY23. However, luxury and premium pr...

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The promoters of Vedant Fashions, owner of ethnic wear brand Manyavar, are selling up to 9.88% stake or 2.40 crore company shares through an OFS. Retail investors can bid for the OFS on Friday, May 19, above the indicative price of ₹1,206.35. Shares...

The base issue comprises up to 1.70 crore shares of the company representing 7% of the total equity, with a green shoe option of 69.88 crore shares representing 2.88% stake.

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Raymond has seen a strong recovery post Covid. It also entered the real estate business using its land parcel in Thane and has started other joint development projects in Mumbai. These projects have a net positive cash flow thanks to land ownership ...

"We have chosen the pure play part which is more on Manyavar and Vedant Fashions. In other consumption plays, we have Varun Beverages, Tata Consumer and Jubilant Food. There is a lot of consumption plays already in the portfolio in various strategie...

“My sense is these guys have very high gross margins of around 75% and EBITDA margins of 40%. One just needs to have a handle on growth and going into the near future and even the distant future, a lot of terminal value is still sitting because 75% ...

Incorporated in 2002, Kolkata headquartered Vedant fashions offers men’s ethnic wear across various price points. Its Manyavar brand is targeted at mid-price customers while Twamev and Manthan cater to high-end customers.

Government of Singapore, Monetary Authority of Singapore, Fidelity, Nomura, Abu Dhabi Investment Authority, Morgan Stanley Asia (Singapore) Pte, BNP Paribas Arbitrage and Societe Generale are among the anchor investors.

The public issue is purely an offer-for-sale of 3,63,64,838 equity shares by the promoter and existing shareholders.

The offer-for-sale comprises sale of up to 1.74 crore shares by Rhine Holdings Ltd; up to 7.23 lakh shares by Kedaara Capital Alternative Investment Fund-Kedaara Capital AIF I; and up to 1.81 crore shares by Ravi Modi Family Trust.