Manyavar IPO News : Manyavar kickstarts it's IPO Plans : Reports
Ethnic wear company Manyavar, owned by Vedant Fashions Pvt. Ltd, has started working on a proposed initial public offering (IPO) to raise ₹2,000-2,500-crore, reports Mint.
According to the report, the company has hired investment banks Kotak, Axis, Isec and IIFL to prepare its draft red herring prospectus. It seeks to raise ₹2,000 crore or more through the IPO, with existing private equity investor Kedaara Capital expected to sell a significant part of its stake. The finer details of the share sale, such as size of the primary and secondary offerings, are yet to be finalized
