Manyavar owner-Vedant Fashions IPO: Stock listing on Feb 16

10 February 2022, Mumbai:

Manyavar owner-Vedant Fashions IPO share allotment is likely to be finalized on Friday (11 February 2022).

The initiation of refunds or unblocking of funds from the ASBA account will take place on 14 February, and the equity shares will be credited to depository accounts of allottees on 15 February 2022.

The equity shares of vedant Fashions will make their stock market debut on 16th February 2022. The Rs 3,149 crore Vedant Fashions IPO received an overwhelming response by the investors as it got subscribed 2.57 times on the final day.

In the grey market, Vedant Fashions shares were quoting at a premium of Rs 6 per share over the IPO price of Rs 866 apiece.

ALSO READ: Manyavar, Vedant Fashions: Last Day of IPO

Vedant Fashions shares were seen trading at Rs 872 apiece, a 0.6 per cent premium in the grey market, over the issue price, according to the people who deal in shares of unlisted companies. The IPO investors can check the IPO allotment status via BSE and the registrar’s websites.

The registrar of the issue is Kfin Technologies Private Ltd, a SEBI-registered entity, responsible for the IPO allotment and refund processing.

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*Figures mentioned in the above article have been sourced from Financial Express article.