Vedant Fashions OFS subscribed 2.24 times
The promoters of Vedant Fashions, owner of ethnic wear brand Manyavar, are selling up to 9.88% stake or 2.40 crore company shares through an OFS. Retail investors can bid for the OFS on Friday, May 19, above the indicative price of ₹1,206.35. Shar...
By ET Bureau | Updated:
BCCL - Non Copyright
Mumbai: The non-retail portion of the Vedant Fashions offer for sale (OFS) was subscribed 2.24 times on Thursday. Bids were received for 3.42 crore shares at an indicative price of ₹1206.35 against the 1.52 crore shares that were on offer.
The promoters of Vedant Fashions, owner of ethnic wear brand Manyavar, are selling up to 9.88% stake or 2.40 crore company shares through an OFS. Retail investors can bid for the OFS on Friday, May 19, above the indicative price of ₹1,206.35. Shares of Vedant Fashions ended flat at ₹1,248.85.
The base issue comprises up to 1.70 crore shares representing 7% of the total equity, with a green shoe option of 69.88 lakh shares representing a 2.88% stake.
The promoters of Vedant Fashions, owner of ethnic wear brand Manyavar, are selling up to 9.88% stake or 2.40 crore company shares through an OFS. Retail investors can bid for the OFS on Friday, May 19, above the indicative price of ₹1,206.35. Shares of Vedant Fashions ended flat at ₹1,248.85.
The base issue comprises up to 1.70 crore shares representing 7% of the total equity, with a green shoe option of 69.88 lakh shares representing a 2.88% stake.
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