Vedant Fashions’ IPO: Check Share Allotment Status Online

5 August 2022
3 mins read
Vedant Fashions’ IPO: Check Share Allotment Status Online

On February 8, 2022, Vedant Fashions Ltd completed its IPO. During the three days of bidding, the issue was subscribed 2.57 times. Investors are now anxiously anticipating the start of the share allotment procedure. The IPO share allotment status for Vedant Fashions is expected to be finalized on 11th February, 2022. Vedant Fashions IPO GMP today is at Rs. 6, according to stock market analysts.

The retail component of the Vedant Fashions IPO was subscribed 0.39 times, while the Qualified Institutional Buyers (QIBs) quota was subscribed 7.49 times, according to the IPO subscription status. Non-institutional investors received a subscription rate of 1.07 times. The projected date of the first public offering (IPO) is February 16, 2022. Interested investors may monitor the progress of their allocation on the BSE’s official website as well as the registrar’s online portal, KFin Technologies Private Ltd.

How to check the status of Vedant Fashions’ IPO share allotment on the BSE:

  1. Visit the BSE website, which is bseindia.com.

  2. Next, go to the menu and choose Vedant Fashions IPO (Only available after the allocation status has been finalized and announced.)

  3. Finally, input your Vedant Fashions IPO application number as well as your PAN card number.

  4. Check the ‘I’m not a robot’ box to validate the captcha.

  5. Finally, press the ‘Submit’ button.

  6. On your screen, you will be able to observe the final Vedant Fashions IPO allotment status.

How to use KFin Technologies to verify the status of Vedant Fashions’ IPO share allotment:

  1. Go to KFin Technologies’ official website or click on the exact URL provided here: https://kcas.kfintech.com/ipostatus/.

  2. In the dropbox, pick the name of the IPO, which will only be shown after the allocation is complete.

  3. Choose amongst the three types of application number, client ID, or PAN ID.

  4. Choose between ASBA and non-ASBA in the application type field.

  5. After that, you must fill out the application information.

  6. Finally, fill out the captcha and press the submit button.

Competitive advantages of Vedant Fashions Limited

  • Due to rising spending on such garments, the Indian wedding and celebration clothing business is enormous and growing.

  • It has a one-of-a-kind business approach that blends retailing expertise with branded consumer entertainment.

  • The organization has an Omni-channel network that seamlessly connects its retail and online platforms.

  • Inventory replenishment systems with system-wide data analytics, well-defined processes, and long-term vendor agreements.

  • The company’s management staff is led by a knowledgeable and experienced founder.

IPO of Vedant Fashions – Offer Objects

  • The IPO size of Vedant Fashions is Rs 3,149.19 crores, with the money going to offer for sale.

  • This money would go to selling shareholders under an offer for sale (OFS), and the firm would not get any revenues from the offering.

Vedant Fashions Initial Public Offering – Risk Factors

  • The whole IPO proceeds will be used for the offer for sale, and the firm will not receive any money.

  • In the past, a pandemic has had an impact on business. Such pandemics are unpredictable, and they may continue to have an impact on the industry in the future.

  • The company’s primary focus is on Indian wedding and celebration outfits. Any shift in client preferences might have an impact on the company’s bottom line.

  • The company’s main brands produce revenue. Failure to maintain such brands may have a negative impact on the company.

Disclaimer: This blog is exclusively for educational purposes and does not provide any advice/tips on investment or recommend buying and selling any stock.