Manyavar’s parent company Vedant Fashions will be listed on the stock market on 16 February. At present, the stock is trading at a premium of Rs 10 to the issue price in Gray Market. At present, the investors who have invested in it will have to wait for the share allotment.
Manyawar IPO Share Allotment Status: The IPO of Vedanta Fashions Limited (Vedant Fashions), the parent company of ethnic wear brand Manyavar (Manyavar), has received a decent response from investors. It is subscribed 2.57 times overall. The issue was open for investment till February 8. The allotment of shares under the IPO will take place on February 11. Shares will be credited in the demat account of successful applicants by February 15. Vedant Fashions will be listed on the stock market on February 16. At present, the stock is trading at a premium of Rs 10 to the issue price in Gray Market. At present, the investors who have invested in it will have to wait for the share allotment. Investors can check their allotment status from the website of BSE and registrar.
How was the response of investors
In the IPO of Vedant Fashions, 35 per cent was reserved for retail investors. This part is only 39 percent filled till the last day. 50 percent was reserved for QIB ie Qualified Institutional Investors. This part is full 7.49 times. Whereas 15 per cent was reserved for non-institutional investors and it has been filled 1.07 times so far. Overall this issue is subscribed 2.57 times.
Option 1: From BSE website
For this, first you have to go to the website of BSE.
Link: bseindia.com/investors/appli_check.aspx
After that the Equity box has to be checked.
Then the name of the issue (Vedant Fashions) has to be entered in the dropdown.
After that you have to type your application number in the box.
After that you will have to give information about your PAN number.
In the end, you have to click on the search button, after which complete information will be revealed.
Option 2: On the Registrar’s website
Link Intime India Private Ltd is the registrar of this issue.
For this IPO, one has to go to the registrar’s website.
Link: linkintime.co.in/MIPO/Ipoallotment.html
In the dropdown, type the company name (Vedant Fashions).
After that enter PAN number, application number or depository/client ID in the box
Then enter the captcha and click on the search button. Then you will know your status.
listing may be flat
Coming to the gray market, the share of Vedant Fashions is currently at a premium of Rs.10 in the gray market. The company has fixed the price band at Rs 824-866 per share under the IPO. From this trend, it seems that the listing of the stock in the market may be flat.
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