Manyavar owner Vedant Fashions sets IPO price band at Rs 824-866 per share

Vedant Fashions Ltd, which owns ethnic wear brand Manyavar, on Friday fixed a price band of Rs 824-866 a share for its Rs 3,149-crore initial public offering (IPO).

The initial share-sale will open on February 4 and conclude on February 8. The bidding for anchor investors will open on February 3, according to the company.

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

The OFS comprises sale of up to 1.74 crore shares by Rhine Holdings Ltd; up to 7.23 lakh shares by Kedaara Capital Alternative Investment Fund-Kedaara Capital AIF I;