 "Vedant Fashions, Manyavar")
Kolkata-based Vedant Fashions, which owns the Manyavar brand, made its debut on bourses on Wednesday. The stock got listed at Rs 936, an 8 per cent premium to its issue price. The stock ended the session at Rs 935 with a gain of 7.9 per cent over its issue price. Post-listing the company commands a market capitalisation of Rs 22,688 crore.
The positive listing-day performance comes even as the ethnic wear maker's Rs 3,150-crore IPO saw subdued response.
The share was subscribed just 2.6 times, with the retail portion garnering just 40 per cent subscription.
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