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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.

Manyavar, Vedant Fashions: Last Day of IPO

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. 

 

 

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

SHREE an Indian ladies ethnic wear brand expands its retail footprint

09 February 2022, Mumbai:

SHREE an Indian ladies ethnic wear brand expands its retail footprint in the overseas markets with the opening of its maiden store at City Centre, Sharjah UAE, and is well on its way to foray by opening its store at the City Centre Deira, Dubai in the near-term.

*Sheetal Kapoor, Co-founder & Director, SHR Lifestyle Pvt. Ltd. said, "We are excited about this new endeavour, launching our brand to our customers in UAE has been in the planning for a while and we are thrilled to see it come to life.

Soon, we will be launching an online e-commerce website for our UAE customers to shop SHREE online.

In the next two years, we see ourselves expanding to at least 200 outlets  pan India: Sandeep Kapoor

About SHR Lifestyles Private Limited

*It is a Non-govt company, incorporated on 24 Aug, 2011. It's a private unlisted company and is classified as'company limited by shares'. Company's authorized capital stands at Rs 300.0 lakhs and has 16.666668% paid-up capital which is Rs 50.0 lakhs.

SHR Lifestyles Private Limited last annual general meet (AGM) happened on 29 Sep, 2017.

The company last updated its financials on 31 Mar, 2017 as per Ministry of Corporate Affairs (MCA). SHR Lifestyles Private Limited is majorly in null business from last 11 years and currently, company operations are active.

Current board members & directors are SANDEEP KAPOOR, SHEETAL KAPOOR and MAHIMA KAPOOR .

 

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*Figures mentioned in the above article have been sourced from ET & Business Standard article. 

SHREE an Indian ladies ethnic wear brand expands its retail footprint

Manyavar, Vedant Fashions: Last Day of IPO

08 February 2022, Mumbai:

It is an offer-for-sale by promoter and investors. Hence, all the money will go to selling shareholders and the company will not receive funds from the offer.

The public issue of Vedant Fashions continued to see tepid response from investors on the final day of bidding on Tuesday with 1.01 times being subscribed so far.

It garnered bids for 2.58 crore equity shares against an offer size of 2.54 crore equity shares. Qualified institutional investors have put in bids 2.58 times the reserved portion. Their allotted quota has to get subscribed at least 90 percent to sail through the issue.

Vedant Fashions IPO: What GMP signals on last day of subscription

A part set aside for retail investors and non-institutional investors were subscribed 35 percent and 11 percent, respectively. The Rs 3,149-crore public issue was subscribed 21 percent till February 7, the second day of bidding.

It is an offer for sale by promoter and investors.

Hence, all the money will go to selling shareholders and the company will not receive funds from the offer. The price band for the offer, which opened on February 4, is Rs 824-866 per share.

 

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*Figures mentioned in the above article have been sourced from Money Control & ET article. 

 

 

Manyavar, Vedant Fashions: Last Day of IPO

ADIDAS: SPORTS BRA PORTFOLIO

10 February 2022, Mumbai:

A sports bra is the single most important piece of workout apparel for those with breasts, but 90% of women aren’t wearing the right size.

That’s why we’ve re-engineered our entire portfolio with 43 new styles, available in 72 sizes, catering to more bodies and workouts than ever before. In sport, everybody should feel free and inspired by what their bodies can achieve.

But women’s needs are historically underserved when it comes to sportswear designed to support the female form. In fact, just 17 years ago when Professor Joanna Wakefield-Scurr set up a pioneering research group in breast health at the University of Portsmouth, there were only 6 scientific studies on the biomechanics and support requirements of the breast, while there were 1000’s of studies on sports shoes.

Together with Professor Wakefield-Scurr and the University of Portsmouth, we set out to shine a light on the importance of proper breast support, and the lifechanging benefits it can have on sports participation and performance.

WHY WE NEED A SPORTS BRA If breasts aren’t properly supported during running, they can move up to 19cm and could experience the same G force as an F1 driver. This is because there are no muscles in the breast.

READ MORE: Sandesh Jhingan, an Indian footballer, has signed a deal with Adidas

Instead, it is a lump of tissue that sits in front of the pec muscles, but it is not attached to them. The only natural support the breast has is the skin and the Cooper’s ligaments, which are very thin, stretchy structures that exist to protect the milk-producing parts of the breast, but not to lift and hold it.

“Unknown to many, athletes may require the same amount of breast support during power walking as they do during sprinting, and a lack of support has the potential to cause irreversible damage.

Women Training Black Believe This Primeblue Bra

Breast movement in sport continues to be an area that is overlooked,” explains Professor Joanna Wakefield-Scurr. So the fact is, we don’t have enough natural support in the breast to hold it firmly in place.

When we move, the breast moves, which can cause breast pain, permanent breast tissue damage, and impact sports performance. THE SCIENCE OF SUPPORT Women’s bodies and breasts come in many sizes, and there are endless ways in which they move during exercise. There really is no ‘one size fits all’ when it comes to bras, and due to a lack of choice, it’s not surprising that 90% of women aren’t wearing the right sports bra size.

A sports bra is the single most important piece of workout apparel for those with breasts, but 90% of women aren’t wearing the right size. That’s why we’ve re-engineered our entire portfolio with 43 new styles, available in 72 sizes, catering to more bodies and workouts than ever before. In sport, everybody should feel free and inspired by what their bodies can achieve.

But women’s needs are historically underserved when it comes to sportswear designed to support the female form. In fact, just 17 years ago when Professor Joanna Wakefield-Scurr set up a pioneering research group in breast health at the University of Portsmouth, there were only 6 scientific studies on the biomechanics and support requirements of the breast, while there were 1000’s of studies on sports shoes.

Together with Professor Wakefield-Scurr and the University of Portsmouth, we set out to shine a light on the importance of proper breast support, and the lifechanging benefits it can have on sports participation and performance.

WHY WE NEED A SPORTS BRA If breasts aren’t properly supported during running, they can move up to 19cm and could experience the same G force as an F1 driver. This is because there are no muscles in the breast.

Instead, it is a lump of tissue that sits in front of the pec muscles, but it is not attached to them. The only natural support the breast has is the skin and the Cooper’s ligaments, which are very thin, stretchy structures that exist to protect the milk-producing parts of the breast, but not to lift and hold it.

“Unknown to many, athletes may require the same amount of breast support during power walking as they do during sprinting, and a lack of support has the potential to cause irreversible damage.

Breast movement in sport continues to be an area that is overlooked,” explains Professor Joanna Wakefield-Scurr. So the fact is, we don’t have enough natural support in the breast to hold it firmly in place. When we move, the breast moves, which can cause breast pain, permanent breast tissue damage, and impact sports performance.

THE SCIENCE OF SUPPORT Women’s bodies and breasts come in many sizes, and there are endless ways in which they move during exercise. There really is no ‘one size fits all’ when it comes to bras, and due to a lack of choice, it’s not surprising that 90% of women aren’t wearing the right sports bra size.

 

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*Figures mentioned in the above article have been sourced from News.ADIDAS article. 

 

 

ADIDAS: SPORTS BRA PORTFOLIO

Rupa & Co Q3 Results

09 February 2022, Mumbai:

Net profit of hosiery firm Rupa and Company increased 34 per cent at Rs 58.3 crore in the third quarter of current fiscal as compared to Rs 43.4 crore in the same period the previous year, a company statement said on Wednesday.

Rupa's well-knit plans for consolidation

Revenues of the company increased 25 per cent during the quarter at Rs 433.2 crore as compared to Rs 345.6 crore in the similar previous period. EBITDA margins during the quarter increased 26 per cent at Rs 81 crore, the statement added.

Commenting upon the results, CEO of the company Dinesh Lodha was quoted as saying "we continue to build upon the momentum in our growth trajectory. There is a robust demand for the company's products in the market".

 

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*Figures mentioned in the above article have been sourced from ET & Money Control article. 

Rupa & Co Q3 Results

trueBrowns: A journey of a woman falling in love – with herself, with you, with us

09 February 2022, Mumbai:

From salwar suits and sarees being the norm until the 90s, Indian consumers have, over the years, adopted various styles including jeans, Indo-western, fusion wear, casual wear and more.

One of the categories garnering popularity is urban ethnic fashion, and trueBrowns Lifestyle is on a mission to ace this trend.

Udita Bansal from Ludhiana is disrupting the women's fashion industry by  including sizes from XS to 6XL in her clothing label trueBrowns! - Local  Samosa

The Gurugram-based company was founded in 2016 by the National Institute of Fashion Technology, Delhi alumni, Udita Bansal. 

trueBrowns’ USP lies in it being a size-inclusive brand - it offers a range of clothes including blouses, kurta sets, sarees, dresses, gowns, jacket sets and more.

trueBrowns, is a journey, from inward to outward. It’s a journey of exploring the deep-rooted traditions into the current modern way of living.

 

Philosophy of the company

Traditions Interpreted. Journeys Celebrated. Curiosities Discovered.

Inclusiveness, the only thing that truly matters is love.

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*Figures mentioned in the above article have been sourced from truebrowns.com article. 

trueBrowns: A journey of a woman falling in love – with herself, with you, with us

Manyavar Owned by Vedant Fashions: Day 2 IPO Subscription Status

06 February 2022, Mumbai:

Vedant Fashions Ltd.'s initial public offering continued to witness muted demand on the second day of subscription.

The IPO by the owner of the ethnic wear brand Manyavar—that was subscribed 14% on the first day—is a pure offer for sale of 3.64 crore shares by existing shareholders and promoters, the Kolkata-based wedding and celebration wear brand said in its red herring prospectus.

The price band is set at Rs 824-866 apiece. At the upper end, Vedant Fashions is seeking a market value of Rs 3,149.2 crore.

After the sale, the share of the promoter and promoter group will reduce to 84.9% from 92.4%. The company will not receive any proceeds from the offer.

Manyavar Owner Vedant Fashions IPO Next Week

The selling shareholders will be entitled to it entirely after deducting relevant taxes. The IPO aims to achieve the benefits of listing the equity shares on the stock exchanges.

The company expects the proposed listing to enhance visibility and brand image, and enable shareholders to obtain greater liquidity.

 

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

 

Manyavar Owned by Vedant Fashions: Day 2 IPO Subscription Status

Go Fashion Q3 FY22 Results

09 February 2022, Mumbai:

*Go Fashion (India), one of the leading women’s bottom-wear brands in the country, has clocked a 33 per cent increase in PAT (profit after tax) in the Q3 of FY22 as compared to Q3 of FY21.

The PAT has shot up to Rs 23.7 crore as against Rs 17.8 crore in Q3 of FY21.

The total revenue of the company has jumped by 47 per cent to Rs 142 crore in the third quarter of FY22 from Rs 96.9 crore in the same period last year.

Go Fashion - Home | Facebook

About Go Fashion

*Go Fashion (India) Private Limited retails women's apparel. The Company offers leggings, jeggings, palazzo, pants, tops, t-shirts, and diaper shorts.

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*Figures mentioned in the above article have been sourced from ET Money Control & BLOOMBERG article. 

Go Fashion Q3 FY22 Results

Workers Rights Consortium (WRC): Compliance From Brands On Minimum Wages In India Still A Concern

08 February 2022, Mumbai:

Reputed brands Puma, Nike, Zara, C&A and GAP have not complied to all labor laws, reveals Workers Rights Consortium (WRC). A report by the independent organization overseeing labor rights says, over 400,000 workers in Karnataka, India have been paid less than the state’s legal minimum wage since 2020. The total amount of unpaid wages in the state exceeds £41 million.

Each worker earns around £83 a month. Scott Nova, Executive Director, WRC calls this the biggest wage theft ever in the fashion industry. Western brands have failed to ensure due payment to workers despite persistent demands from the consortium, he opines.

A closer look at Apple and Foxconn - Scott Nova, Executive Director, Worker  Rights Consortium - YouTube

Supplier’s defense

Suppliers on the other hand defend their stance stating the Ministry of Labor had issued a decree suspending minimum wage increase shortly after its implementation in April 2020.

The Karnataka High Court is yet to give its final decision on the issue, they add. However, the HC has already said the Ministry of Labor’s decree as illegal in September last year and suppliers need to pay the minimum wage, including all arrears to workers, argues WRC.

Meanwhile brands Puma, Nike, Zara, C&A and GAP say they are committed to pay legal minimum wage to workers. However, it depends on their suppliers, who also need to comply with the court order. Nike for example expects suppliers to comply with local legal requirements and also the brand’s code of conduct.

C&A has directed suppliers comply with the court order and is awaiting a written confirmation from factories. Zara-owner Inditex has introduced a strict code of conduct for suppliers to ensure factories pay legal minimum wages.

These wages need to be sufficient to meet the basic needs of workers and their families, Nova adds.

WRC also encourages suppliers to pay variable dearest allowance, the local equivalent to half-yearly salary adjustment granted by the government, adds Nova.

In this regards, C&A continuously undertakes a series of initiatives and processes to guarantee respect for its employees and the law at all its stores, distribution centers and other administrative areas. Meanwhile Puma states, despite having limited influence over Karnataka’s suppliers, they are encouraging them to pay due minimum wages.

 

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Workers Rights Consortium (WRC): Compliance From Brands On Minimum Wages In India Still A Concern

HanesBrands Reports results, envisages to Sell U.S. Sheer Hosiery Business

06 February 2022, Mumbai:

HanesBrands is proving that innerwear and activewear are pandemic-proof.

The Winston-Salem, N.C.-based innerwear and activewear company — parent to brands such as Hanes, Champion, Bali, Playtex, Maidenform, L’eggs and Wonderbra, among others — kicked off earnings season Thursday morning as it revealed quarterly and full-year results before the market opened, improving on top and bottom lines, raising its long-term growth targets and revealing plans to sell additional businesses.

Top 10 Most Comfortable Pantyhose For Women

In addition to the share-repurchase program, HanesBrands said it plans to sell its U.S. Sheer Hosiery business for an undisclosed amount. The transaction, which the company anticipates will close sometime this year, is part of the group’s continued efforts to focus on areas of the business with the greatest growth potential.

HanesBrands said it expects the U.S. Sheer Hosiery business to generate about $60 million in sales.

 

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*Figures mentioned in the above article have been sourced from Yahoo.com article. 

 

HanesBrands Reports results, envisages to Sell U.S. Sheer Hosiery Business

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