Home / Markets / News / Vedant Fashions lists at 8% premium to issue price, m-cap at Rs 22,688 cr

Vedant Fashions lists at 8% premium to issue price, m-cap at Rs 22,688 cr

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

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

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Besides flagship brand Manyavar, Vedant Fashions owns brands such as Mohey and Mebaz

2 min read Last Updated : Feb 17 2022 | 12:43 AM IST

Kolkata-based Vedant Fashions, which owns the Manyavar brand, made its debut on bourses on Wednesday. The stock got listed at Rs 936, an 8 per cent premium to its issue price. The stock ended the session at Rs 935 with a gain of 7.9 per cent over its issue price. Post-listing the company commands a market capitalisation of Rs 22,688 crore.

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

The share was subscribed just 2.6 times, with the retail portion garnering just 40 per cent subscription.

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Topics : Stock Market vedant fashions Manyavar listing

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