Vedant Fashions Limited who had tapped the markets with its offer for sale of 3,63,64,838 shares in a price band of Rs 824-866. The issue which had opened on Friday the 4th of February and closed on Tuesday the 8th of February. The issue was subscribed 2.55 times overall. The issue would garner Rs 3,149.19 crs at the top end of the price band.

The QIB portion was subscribed 7.49 times, HNI portion just about subscribed 1.07 times and Retail portion under subscribed 0.36 times. There were 2.52 lac applications. The company was unable to explain its business and category to the masses and it affected its subscription. The other issue was valuations which were very steep. It would be interesting to see how the company fares on listing.

Full details of the subscription are given below: –