Vedant Fashions

Mumbai: The ₹3,150-crore initial public offering (IPO) of ethnic apparel retailer Vedant Fashions will open for subscription on next Friday (February 4). The Kolkata-based company will sell its shares in the range of ₹824-866. The issue is…

The IPO is entirely an offer-for-sale, the company will not receive any proceeds from the public issue. Vedant Fashions Ltd., which owns ethnic wear brand Manyavar, has received capital markets regulator SEBI's go ahead to raise funds…