Fashions Vedant, which closed the initial public offering (IPO) on February 8, is expected to announce stock allotments on February 11.
Institutional investors who meet the requirements support this problem in a large way, submit a quota of 7.49 times given during the February 4-8 subscription period, because retail investors remain cold with offers.
The retail section was booked 39 percent and non-institutional investors 1.07 times. SUBSCRIBE IPO 2.57 times.
Companies that serve the market for use of Indian celebrations with Mangvar’s flagship brand and four other brands raise Rs 3,149 crore on top price ribbons. The price band for the offer is Rs 824-866 per share.
It is a complete offer for sale by promoters and investors therefore, the company will not receive money from the offer.
How do I check stock allotment status?
Investors can check their allotment status both on the IPO Registrar website or BSE website.
On the BSE website, investors must follow these three easy steps:
A) Select the type of ‘equity’ problem and the problem name ‘Vedant Fashions Limited’
b) Enter the application number and permanent account number (PAN)
c) Check the box (I’m not a robot), and click the Search button.
Allotment can also be checked on the IPO Registrar website.
a) Select IPO at the Dropdown ‘Vedant Fashions Limited’
b) Select and enter the application number, or ID DPID / Client, or PAN
c) Enter Captcha and click the Send button.
After the allotment was completed, the refund would be credited to a bank investor account that failed on February 14. Investors who meet the requirements will get shares in their Demat account on February 15.
Fashions Vedant will debut BSE and NSE on February 16 where the third list 2022 after AGS Transact Technologies and Adani Wilmar.
The Vedant Mode trading premium in the gray market has dropped to Rs 10-15 from Rs 40-50 on February 4, according to the IPO watch and Central IPO. This fall can be associated with market volatility and warm response to this problem.
The gray market is an unofficial platform, where stock trading starts with price ribbon announcements and continues to day listing.
Vedant Fashions operates its business through exclusive brand outlets belonging to franchises (EBO), multi-brand (Mbo) outlets, large format stores (LFSS) and online platforms (including website and cellular applications).
On September 202, he had a 1.2 million retail footprint of square feet, covering 535 Ebo in 212 cities in India and 11 Ebo in the United States, Canada and UAE.
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