Manyavar IPO: Parent firm Vedant Fashions’ IPO to open on Feb 4, check price band, offer details
Zee News
Vedant Fashions Ltd has fixed a price band of Rs 824-866 a share for its upcoming Rs 3,149-crore IPO.
New Delhi: Manyavar’s parent firm Vedant Fashions Ltd has fixed a price band of Rs 824-866 a share for its upcoming Rs 3,149-crore initial public offering (IPO). The Manyavar IPO will open on February 4 and conclude on February 8.
Vedant Fashions Ltd has said that anchor investors can start bidding for the IPO shares starting from February 3. The Manyavar IPO consists purely of an offer for sale (OFS) of 36,364,838 equity shares by the promoter and existing shareholders.
The OFS includes the 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.
