Manyavar

Global index provider FTSE has increased the weightage of Vedant Fashions (Manyavar) in four of its indices

The floor price for the OFS has been set at Rs 1,161

CLOSING BELL ON MAY 18: The NSE Nifty 50 slipped 52 points to 18,130 as weekly expiry also weighed on the sentiment.

"The offer is being undertaken by the sellers, for achieving the minimum public shareholding of the company...," it said

Vedant Fashions Ltd (VFL), which owns the ethnic wear brand Manyavar, on Wednesday said one of its promoters plans to sell up to 7 per cent stake in the company for at least Rs 1,962 crore. Ravi Modi Family Trust, a promoter of VFL, proposes to sell up to 1.69 crore equity shares, which is 7 per cent of the total issued and paid-up equity share capital of the company, according to a regulatory filing. The floor price for the offer is Rs 1,161 per equity share. "The offer is being undertaken by the sellers, for achieving the minimum public shareholding of the company...," it said. Listed companies are required to have at least 25 per cent public shareholding. Currently, the promoters' holding in the company is 84.88 per cent.

Amid the recent market fall,11 stocks hit record highs. Whenever any stock exhibits reluctantance to weaken despite a pessimistic bias, it means the underlying trend possesses a robust momentum.

The positive listing-day performance comes even as the ethnic wear maker's Rs 3,150-crore IPO saw subdued response

Market wrap: Sensex ends choppy day 145 pts down, Nifty holds 17,300

Vedant Fashions makes decent debut, lists at 8% premium; Vijay Kedia-owned stock hits 10% upper circuit on order win; IDBI Bank gains 3% as govt set to begin investor outreach from Feb 25

Among individual stocks, Bharti Airtel, M&M, HDFC, Kotak Bank, Nestle India, and Dr Reddy's Labs were the only Sensex gainers today

Market wrap: Sensex snaps 3-day losing run, ends 187 pts up; RIL gains 2%

Adani Wilmar gains 15% over issue price after weak debut; Ugar Sugar Works zooms 40% in 2 days; Sansera Engineering hits new low; Vedant Fashions IPO sails through on final day

Market wrap: Sensex dips 1,024 pts on weak sentiment; Nifty holds 17,200

Nifty PSU Bank index outperforms benchmarks; SBI hits record high; IndiGo soars 10% on strong rebound in Q3 bottom line; Vedant Fashions IPO sees 20% subscription on day 2

The retail portion of the issue was subscribed 22%, while institutional and HNI were subscribed 6% each

Market wrap: Sensex slips 143 pts; Nifty holds 17,500; Realty worst hit

Nifty Metal shines; Hindustan Copper gains 6%; Godrej Properties, Monte Carlo Fashions slump 10% each; Vedant Fashions IPO subscribed only 11% on day 1

Among the Sensex pack, SBI was the biggest loser as it dropped over 2 per cent. M&M, NTPC, Kotak Bank, Bajaj Finserv, HDFC, Power Grid, and RIL were the other losers, all down between 1-1.8 per cent

Vedant Fashions Ltd, which owns ethnic wear brand Manyavar, on Thursday said it has garnered Rs 945 crore from anchor investors, ahead of its IPO roll-out on Friday

Vedant Fashions will open for subscription on February 4. From IPO price to Vedant Fashions IPO GMP, here's all you need to know

Vedant Fashion's IPO will be open for subscription from February 04 to February 08, in the price band of Rs 824 to Rs 866 per share.

The initial share-sale will open on February 4 and conclude on February 8

The company aims to add over 100 stores next year alone; overall goal is to have 2 mn sq feet over next few years, form 1.1 mn sq ft currently

The IPO is purely an offer for sale of 36,364,838 equity shares by promoter and existing shareholders