Vedant Fashions Ltd (Manyavar) IPO Review:
VFL is the market leader in the Indian ethnic wear space
It has posted rising profits alongside increasing top lines.
OFS is being done only for 15% of the total paid-up equity.
It’s a debt-free company.
Based on financial parameters, the issue is done for approx. 3149 Cr at upper band priced
Valuation at higher-end and also its OFS. Currently, multiple options are available with investors in the secondary market.