Vedant Fashions IPO share allotment status likely on this date; know GMP today

tech.hindustantimes.com:

Vedant Fashions IPO share allotment status online: The three day long initial public offering (IPO) of Vedant Fashions Ltd, owner of the ethnic wear brand Manyavar and Mohey opened for subscription on February 4, 2022. On the first day of the bidding process, the issue received a tepid response from the investors and was subscribed by only 14 percent. The company has set a price band of Rs. 824 - Rs. 866 for the IPO and is expected to fetch Rs. 3,149 crore at the upper end of the price band. Vedant Fashions IPO is entirely an offer for sale (OFS) by existing shareholders and promoters. The issue will close for subscription on February 8, 2022. According to the market sources quoted by LiveMint, Vedant Fashions IPO GMP today on February 4 was Rs. 45.

Investors can bid for Vedant Fashions IPO for a lot of at least 17 shares or in multiples thereof. To know the Vedant Fashions IPO share allotment status, subscribers will have to wait for the bidding process to close. It can be known that the allotment status is likely to be finalised on February 11. While the IPO listing date is expected to be February 16, 2022.

The retail portion received 22 percent subscription, while Qualified Institutional Buyers (QIBs) quota was subscribed 6 percent. Non-institutional investors also got 6 percent subscription.

The IPO share allotment status of Vedant Fashions is likely to be released on February 11 and investors can check the same on the official website of BSE as well as online portal of its registrar that is KFin Technologies Private Ltd.