The Price Band Of Manyavar IPO Fixed: Vedanta Fashion Ltd

The price band of Manyavar IPO was fixed, another company submitted documents to SEBI.

Vedanta Fashion Ltd, the promoter of traditional apparel brand Manyavar, has fixed a price range of Rs 824-866 per share for its IPO (Initial Public Offering) of Rs 3,149 crore.

This IPO will open from February 4 to February 8. The IPO will open for anchor investors on February 3.

Under the issue, the promoters and existing shareholders of the company are making an offer for sale (OFS) of 3,63,64,838 equity shares.

Since the IPO is purely an offer for sale, the company will not earn any income from the issue.

The price band of Manyavar IPO was fixed: Dharmaj Crop Guard to raise Rs 300 crore.

On the other hand, agrochemicals company Dharmaj Crop Guard has filed preliminary papers with capital markets regulator SEBI to raise up to Rs 300 crore through an initial public offering (IPO).

As per the draft filing for approval of the issue, the IPO will consist of a fresh issue of equity shares of up to Rs 216 crore and an offer for sale (OFS) of 14.83 lakh equity shares by existing shareholders.

The offer also includes reservations for membership by eligible employees.

Ahmedabad-based company.

According to market sources, the Ahmedabad-based company wants to raise between Rs 250 crore to Rs 300 crore.

The proceeds of the issue will be used for setting up a manufacturing facility at Saikha Bharuch in Gujarat, financing incremental working capital requirements, repayment of loans, and capital expenditure for general corporate purposes.

The company exports to more than 20 countries.

The company is engaged in the business of manufacturing, distributing, and marketing a wide range of Agro Chemical Formulations like Pesticides, Fungicides, Herbicides, Plant Growth Regulators, Micro Fertilizers, and Antibiotics for B2C and B2B clients.

The company exports its products to more than 20 countries in Latin America, East Africa, the Middle East, and Far East Asia.