Vedant Fashions Limited Initial Public Offer to open on
Vedant Fashions Limited Initial Public Offer to open on
Friday, February 04, 2022
- Price Band fixed at ₹824 to ₹866 per Equity Share of face value of ₹1 each of Vedant Fashions Limited
- Offer to remain open from Friday, February 04, 2022 to Tuesday, February 08, 2022
- Bids can be made for a minimum of 17 Equity Shares and in multiples of 17 Equity Shares thereafter
January 28, 2022: Vedant Fashions Limited (“VFL” or the “Company”), plans to open its Initial Public Offering (the “Offer”) on February 04, 2022. The Anchor Investor Bidding Date shall be Thursday, February 3, 2022.
The Price Band of the Offer has been fixed at ₹824 to ₹866 per Equity Share of face of ₹1 each. Bids can be made for a minimum of 17 Equity Shares and in multiples of 17 Equity Shares thereafter.
The Offer consists 36,364,838 equity shares of face value of ₹1 each (“Equity Shares”) of the company comp rising of an offer for sale of up to 36,364,838 equity shares (“Offered Shares”), comprising of up to 17,459,392 equity shares by Rhine Holdings Limited, up to 723,014 equity shares by Kedaara Capital Alternative Investm ent Fund-Kedaara Capital AIF 1 and up to 18,182,432 equity shares by Ravi Modi Family Trust (acting through its trustee, Modi Fiduciary Services Private Limited) (together the “Selling Shareholders”).
The Equity Shares offered in this Offer are proposed to be listed at both BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”, together with BSE, the “Stock Exchanges”) post the listing.
Disclaimer:
Vedant Fashions Limited is proposing, subject to applicable statut ory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make an initial pu blic offering of its Equity Shares and has filed the RHP with RoC on January 22, 2022. The RHP is available on the website of SEBI at www.sebi.gov.in, as well as on the websites of the Stock Exchanges i.e. BSE and NSE at www.bsein dia.com and www.nseindia.com, respectively, and is available on the websites of the BRLMs, i.e. Axis Capital Limited, Edelwei ss Financial Services Limited, ICICI Securities Limited, IIFL Securities Limited and Kotak Mahindra Capital Com pa ny Limited at www.axiscapit al.co.in, www.edelweissfin.com, , www.iiflcap.com and www.investm entba nk .kotak.com, respectively. Inve stors should note that investment in equity shares involves a high degree of risk and for details relating to such risk, please see the section entitled “Risk Factors” on page 27 of the RHP. Potential investors should not rely on the DRHP filed with SEBI for making any investment decision.
The Equity Shares offered in the Offer have not been and will not be registered under the U.S. Securities Act of 1933, as amended (“U.S. Securities Act”), or any state law of the United States and, unless so registered, may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subjec t to, the registration requirements of the U.S. Securities Act and applicable state securities laws. Accordingly, the Equity Shares are being offered and sold (i) within the United States only to persons reasonably believed to be “qualified institutional buyers” (as defined in Rule 144A under the U.S. Securities Act) under Section 4(a) of the U.S. Securities Act, and (ii) outside the United States in offshore transactions as defined in and in compliance wit h Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sales are made. There will be no public offering of the Equity Shares in the United States.
