Vedant Fashions Ltd., which has ethnic Wear Brand Motheraavar, will see the initial public offering opened on February 4 and close on February 8 on January 18, the company gets the effect and Exchange Board of India (SEBI) nodded to float IPO and submit a red herring prospectus With ROC on January 22.

The company plans to make an exchange list on February 16.

Fashions Vedant has filed a draft paper with September 2021. This problem consists of pure bids for sale up to 36.36 million shares by existing promoters and shareholders.

The OFS has up to 17.46 million shares by Rhine Holdings Ltd; Up to 723,000 shares by Alternative Investment Fund Capital Kedaara – Kedaara Capital AIF I; and up to 18.18 million shares by Ravi Modi Family Trust.

At present, Rhine Holdings has 7.2% of the shares in the company, Kedaara AIF holds 0.3% of the temporary trust of the Ravi Modi family has 74.67% of the shares.

Axis Capital, Edelweiss Financial Services, ICICI Securities, IIFL Securities and Mahindra Capital Box are books running the main manager for this problem.

Vedant mode is in the wedding market and Indian celebrations and celebrations. Manavar brands are category leaders in the wedding market and branded Indian celebrations with the presence of PAN India. Other brands from companies including Twamev, Manthan, Mohey and Mebaz.