Manyavar IPO: Here’s how you can check the allotment status

• Manyavar is likely to announce its share allotment status today.
• Vedant Fashions, owner of ethnic wear brand Manyavar IPO, was subscribed 2.57 times.
• The IPO will be listed on February 16 on exchanges.

Kolkata-based Vedant Fashions, which owns ethnic wear brand Manyavar, is likely to announce the allotment status of its initial public offering (IPO) today, February 11.

The IPO was open for subscription from February 4 to February 8.

Manyavar’s IPO received a tepid response from investors as its IPO was subscribed just 2.57 times the number of shares offered in the three days of IPO bidding process. Moreover, the grey market premium of the company’s shares show a small premium of ₹10 from the higher end of the price band.

It seemed like most retail investors skipped the IPO considering it was just subscribed 39% till the last day of the IPO bidding process.

The company caters to the Indian celebration wear market with a diverse portfolio of brands -- Manyavar, Mohey, Mebaz, Manthan and Twamev. The company’s flagship brand ‘Manyavar’ is a category leader in the branded wedding and celebration wear market with a pan-India presence, as per the company.

Here is how to Vedant Fashions IPO allotment status on stock exchange website:

• Go to the BSE website or NSE website here.
• On BSE, Select 'Equity' and then from the dropdown, select ‘Vedant Fashions’.
• Now, enter your application number and PAN.
• Click on 'Search'.
• Please note the details will only be available once the shares are allotted.

You can also visit the registrar website (Link Intime India) to check your application status.

• Visit the registrar's website here.
• Click on 'Select company' and click on ‘Vedant Fashions’.
• Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.
• Enter the captcha and click ’submit’.

Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you.

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