Vedant Fashions makes good debut; lists at 8% premium over issue price

Vedant Fashions is among the top companies in the Indian wedding and celebration wear segment with the brand name Manyavar Mohey

Vedant Fashions, the owner of ethnic wear brand Manyavar, made a good stock market debut on Wednesday, with shares of the company getting listed at Rs 936, an 8 per cent premium over its issue price of Rs 866 per share on the BSE. On the National Stock Exchange (NSE), the stock opened at Rs 935 per share.

"Vedant Fashion debuted on a positive note despite poor subscription figures. The company has strong brand value with good fundamentals. However, valuation is a major concern. Investors should approach it from a long-term perspective, where any dip of 15-20 per cent from the