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VEDANT FASHIONS LTD (MANYAVAR) IPO

IPO Details

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17 shares
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₹ 824 - 866
₹ Upto 3150 cr

Timeline

  • 11-Feb-2022
  • 14-Feb-2022
  • 15-Feb-2022
  • 16-Feb-2022

Subscription Status

Shareholder -
Qualified Institutional Buyers -
Non-Institutional Investor -
Retail Individual Investor -
Employee -
Total -

About Company

The largest company in India in the men’s Indian wedding and celebration wear segment in terms of revenue, OPBDIT and profit after tax for FY2020. (Source: Company DRHP and CRISIL Report).

The ‘Manyavar’ brand is a category leader in the branded Indian wedding and celebration wear market with a pan India presence.

Strengths & Risks

Strengths (3)

Market leader in the Indian celebration wear market with a diverse portfolio of brands catering to the aspirations of the entire family

Products are conceptualized by designers having experience of serving the regionally diverse tastes and preferences of the Indian population, designed by artisans who have an abundance of expertise (Company DRHP).

Risks (2)

Business is highly concentrated on Indian wedding and celebration wear

Vulnerable to changes in consumer preferences which could have an adverse effect on business, results of operations and financial condition.

Financials

Industry Overview

Men’s wear segment projected to be the fastest growing over Financial Years 2022 and 2025: The share of men’s wear is projected to attribute approximately 44% of the retail apparel market in Financial Year 2025, clocking the highest growth rate of nearly 20% to 22% between Financial Years 2022 and 2025, because of the availability of a wide range of brands, designs, colors etc.

Indian wedding and celebration wear apparel retail market size: The Indian wedding and celebration wear category grew a CAGR of approximately 9.5% from Financial Years 2015 to 2019 driven by weddings, family functions and festivals. According to CRISIL Research, Indian wedding and celebration wear apparel market is estimated to be approximately ₹1,020 billion in Financial Year 2020. (Source: Company DRHP).

*The financials mentioned above are sourced from DRHP/ RHP documents.