Manyavar Owner Vedant Fashions IPO - Investment Rationale, Financials, Valuations: Dolat Capital

Manyavar Owner Vedant Fashions IPO - Investment Rationale, Financials, Valuations: Dolat Capital

Wedding collections by Manyavar (Source: Company website)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Dolat Capital's IPO Report

Vedant Fashions Ltd. is one of the largest company in Indian men’s wedding and celebration wear. It commands a dominant position in the conventionally unorganised market.

Its core men’s brand ‘Manyavar’ (~83% of Vedant Fashion’s revenues) is a category leader. The company has a huge run-way of growth in a large opportunity size market of ~Rs 1.3-1.4 trillion wedding and celebration market.

Vedant Fashion is capitalising well on its first-mover advantage with launch of new brands across men, women and kids category, price-points, distribution channels and geographic expansion.

Management intends to double retail foot-print (1.1 million square feet to ~2.2 million) over next few years.

Click on the attachment to read the full IPO report:

Dolat Capital Vedant Fashions IPO Note.pdf
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