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Market turmoil not to impact IPO valuation : Vedant Fashions

The company, whose flagship brand is the male ethic 'Manyavar' label, has fixed its issue price band at Rs 824-866 a share.

January 28, 2022 / 09:57 PM IST
Representative image

Representative image

The ongoing correction in capital market has not dented valuation of Kolkata-based ethnic wear major Vedant Fashions' initial public offer that aims to raise Rs 3,149 crore, a company official said on Friday.

The company, whose flagship brand is the male ethic 'Manyavar' label, has fixed its issue price band at Rs 824-866 a share, a company official said.

ALSO READ: Vedant Fashions sets price band of Rs 824-866 a share for its IPO

BSE Sensex has seen about 4300 point correction since early January amid highly volatile trading sessions.The company official said the pricing was decided after feedback from institutional investors who have shown high demand interest for the shares.