Vedant Fashions Mobilised Rs 944.75 Crore from Anchor Investors

Manyavar-owned Vedant Fashions has assembled Rs 944.75 crore from its anchor investors, ahead of its IPO. It has finalised the allocation of  1,09,09,450 equity shares to anchor investors at the upper price band of Rs 866 per share.

Vedant Fashions is launching its IPO and it is planning to raise Rs 3,149.19 crore with this public issue. The price band for the offer is 824-866 per share. It is launching the IPO from February 4 to February 8, 2022.

The company offers Indian wedding and celebrations wear for men, women and kids. It also provides with multi-brand product portfolio catering to all the possible occasions including Manyavar, Twamev, Manthan, Mohey and Mebaz.