Vedant Fashions Limited IPO Message Board (Page 9)

@VentureStack Partners: Please share your review about this IPO

Dear @Chotiwala,
What should we say about this IPO as the pricing has left us gasping for breath. Let's just say that we don't like to be termed foolish to knowingly fall into a trap. We see no value in this company or the brand and don't see it as a creator of wealth. The chances of the opposite happening are pretty high though. Hence, we would not be participating in this jamboree no matter how big, small, or tall the anchors or subscription numbers are.

Best Wishes & Happy Investing!

@ventureStack Partners: Thanks for your response and view.

Irrespective of high valuations deterring many Retail Investors, if subscription from QIBs and NIIs is strong on final day by 2 pm, then GMP may also jump to reasonable levels. Let us wait and see. Anchor Book receiving good support from MFs, SBI, Kotak, Axis, ICICI, Sundaram ...and some more is a little surprising.

Anchor book of Paytm, Star Health, CarTrade, AGS etc was impressive as well.
No upside left on table for upcoming investors just downside.

Skipping this IPO completely though may trade in the stock post listing if short term volatility opens up more credible opportunities,

All the best to investors and wish you earn good from this IPO as well.

Avoid
Highly risky at high PE
GMP is also just Rs 12-13

A clear avoid

LIC next week file DRHP

Why so much hype of LIC ipo it is going to be flop as there is too much supply and very less demand and everyone knows how IPO market works

Smart Investors are least interested in LIC IPO. If valuation will be reasonable and market sentiment positive then we can board for quick profit.
Big size IPO never excited me.

My take on the issue. Highly expensive issue for a FV 1 stock. But it may surprise us on the upside being a niche player and no listed peers. Risk takers can take chance. However, let us see the QIB figures.

Vedant Fashions on February 3 has mobilised Rs 944.75 crore from 75 anchor investors, ahead of its initial public offering launch

Marquee investors participated in the offer includes Government of Singapore, Monetary Authority of Singapore, Fidelity Securities, Nomura, Wellington Trust Company, Ashoka India Opportunities Fund, Abu Dhabi Investment Authority, Amundi Funds, Carmignac Portfolio, Eastspring Investments, Pinebridge Global Funds, Volrado Venture, Elara India Opportunities Fund, Morgan Stanley, Societe Generale and BNP Paribas Arbitrage.
SBI Mutual Fund, Axis Mutual Fund, Kotak Mutual Fund, ICICI Prudential, Aditya Birla Sun Life, ICICI Prudential Life Insurance, HDFC Life Insurance, DSP MF, UTI MF, Sundaram MF, IDFC MF, Motilal Oswal MF, ITPL Invesco, Canara Robeco MF, Edelweiss MF, Bajaj Allianz Life Insurance, Kotak Mahindra Life Insurance and Bharti Axa Life Insurance also invested in the company through anchor book.

On what basis do institutional investors apply to such pricy IPOs.This is a clear avoid.Might see PayTM type listing.

It seems that companies coming up with issues have taken the investor for granted. Considering the frenzy in primary market and recent recent subscriptions they are coming with high valuations. Investors need to discard such issues to teach these IPOs a good lesson.

Risk is of thousands and reward of hundreds.
We have to decide accordingly.

not applying in this
highly overvalued(high P/E)
Although i have to say brand is solid, almost everyone knows about it and even though expensive people( even middle class) do buy from them( wedding) as wedding is considered as a once in a lifetime event and people splurge at that time.

Maybe if it lists in a discount, I will think about buying this.
certainly not at this valuation

P.S : listing gain may happen because of small size but i believe it's better safe than sorry, we shouldn't invest in an IPO just for the sake of investing

had applied in Fortune(4 lots), took a small risk as i found the valuation alright, let's see if it gives 25-30% profit or results in mild losses

I invested in CMS( same logic) and got 25% returns( Holding 1 lot and sold 2)

IPO size at Rs 3000 plus crores is not small

Ethnic wear business is in danger because of myntra.
People buy ethnic wear from myntra to attend marriage function , party function and return back within stipulated time. In this manner they buy new clothes for free :) 😆🆓

Sir with all due respect I would like to say myntra also maximum sellers in this category is Manyavar and I recently visited stores of Zara, Manyavar when covid at peaks shocked to see the demand on ethnic wear I am not affecting just sharing my view it might be hidden gem.

manyavar premium 13 only

Barbique nation IPO i heard same stories. 1. Promotors allotted shares low price and IPO they asking higher price. 2nd Theory. Covid period and high valuvation. 3rd theory. Better opportunities in seconday market. I listen above comments i didn apply. But share listed good premium and doubled in no time. Now people saying it was a multibegger. Same stories apply to this IPO also. Please suggest what i do.

For me higher PE doesn't matter if it has proven moat. Barbeque nation is unique product I personally experienced.
We can't be experts in every domain. Look for previous track record of company params like Cagr of sales profit and margins in last 3 to 5 years along with roe and rice.

History repeats!!!

As i belong in this field of ethnic wear I would say this please avoid this ipo since this market has not one sided business There are companies which are even bigger than Manyawar throughout India. And they dont need to launch their ipo.So not a bright future for this company. So I am out.

Clear avoid

Clear avoid

PE investor in #boat valued co at x just 10 months ago. Now #boat wants u to pay 5x in IPO

#Vedantfashions (Manyavaar) did buy back at 495 in Jul'21. 6 months later promotors want to sell to u at 866/-

ibankers n IPO bound cos continue 2 have hearty laugh at public investors

#STAY CAUTIOUS.

@pkraj
Providing share price link for NMDC. Please click on maximum period to see when it crossed Rs 500 level in year 2010
https://www.moneycontrol.com/india/stockpricequote/miningminerals/nmdc/NMD02
https://www.google.com/search?q=nmdc+share+price&rlz=1C1GCEU_enIN908IN908&oq=nmdc&aqs=chrome.0.69i59j46i131i199i433i465i512j35i39j0i433i512j0i131i433i512j69i60l3.4033j1j7&sourceid=chrome&ie=UTF-8
2ndly i seems to have offended you without any intention. So I am sorry for hurting your feelings
My comment was limited to strategy of buy and forget adopted by some investor calling it long term investment. Reason for forgetting may be many. Mostly it is unwillingness to book loss at right time

@arunARUN
Thanks for your reply. It never crossed Rs 500 after IPO/FPO. I have already checked it. It was before the issue.
Ok it's over. No further discussion on NMDC. Gone are the days. Good night.

Pretty Costly , both IPO and products

Lokes and nodul absence is enough for this to avoid.

Irrespective of listing price this is avoid candidate.

Another paytm 😵