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Brands-To-Retail 02-02-2022

Reliance Brands: Shopping Spree Continues As It Forms JV with Designer Rahul Mishra

01 February 2022, Mumbai:

Continuing its shopping spree to strengthen its fashion portfolio, Reliance Brands (RBL) on Monday announced a 60:40 joint venture with Indian designer Rahul Mishra.

The JV, which will include Mishra's ready-to-wear business, will create and own a new brand with the designer as the creative director.

RBL, part of Reliance Industries, is expanding its play too, by partnering and buying into domestic designers crippled by store closures during the pandemic.
CREDITS: TOI Dt 01-02-2022

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Brands-To-Retail 01-02-2022

Reliance Brands: Shopping Spree Continues As It Forms JV with Designer Rahul Mishra

Manyavar owned by Vedant Fashions IPO to open on February 4, 2022

28 January 2022, Mumbai:

Ethnic apparel retailer Vedant Fashions will launch its initial public offering (IPO) on February 4, Friday. The Kolkata-based company will sell its shares in the range of Rs 824-866.

Vedant Fashions caters to the Indian celebration wear market with a diverse portfolio of brands including 'Manyavar', 'Mohey', 'Mebaz', 'Manthan' and 'Twamev'.

The issue is entirely an offer for sale (OFS) of 36,364,838 equity shares of face value Re 1 each by promoters and existing shareholders aggregating to Rs 3,150 crore at the upper price band. The OFS comprises sale of up to 1.74 crore shares by Rhine Holdings Ltd, up to 7.23 lakh shares by Kedaara Capital Alternative Investment Fund-Kedaara Capital AIF I, and up to 1.81 crore shares by Ravi Modi Family Trust.

Advantages and Disadvantages of Investing in an IPO

The promoters of the company are Ravi Modi, Shilpi Modi and Ravi Modi Family Trust.

Since, the IPO is entirely an offer for sale, the company will not receive any proceeds from the public issue.

At the upper end of the price band, the public issue is expected to fetch Rs 3,149 crore.

Half of the issue size has been reserved for qualified institutional buyers, 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors.

Investors can bid for a minimum of 17 equity shares and in multiples thereof.

As per market observers, Vedant Fashions shares have started commanding a premium (GMP) of ₹105 in the grey market today. The company's shares are expected to list on stock exchanges NSE and BSE on February 16, 2022.

**The statistics mentioned in the above articles have been sourced from The following sources

CREDITS: ET Republicworld.com MINT

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Brands-To-Retail 28-01-2022

Rupa & Company's Prahlad Rai Agarwala has been awarded the Padma Shri Award

27 January 2022, Mumbai:

The Indian government has bestowed the Padma Shri award to Prahlad Rai Agarwala, Executive Chairman of Rupa & Corporation, a major company situated in Kolkata.

Padma Shri is India's fourth-highest civilian honor. Rupa & Company, one of India's leading knitwear brands, produces innerwear, casualwear, sleepwear, and thermal wear for men, women, and children and has a revenue of over Rs. 1,200 crore.

Only a few veterans of the Indian textile and apparel industries, such as Dr. A Sakthivel of Poppys Knitwear and SP Oswal of Vardhman Group, have received important Padma awards in recent years.

Madhya Pradesh 5 celebrities of to get Padma Shri award in republic day 2022 sdmp | Padma Shri Award 2022: मध्य प्रदेश की इन 5 हस्तियों को मिलेगा पद्म श्री अवार्ड, जानिए

"This honor has unrivaled significance in terms of respect and appreciation of the Chairman's great influence on Indian society as a whole, as well as his vision and efforts."

He has always led by example, from bringing business to a new level to creating many job chances," according to the company. There were nine trade and industry winners among the 128 Padma award recipients this year.

This year's Padma Bhushan recipients are N. Chandrasekaran, Chairman of Tata Sons, Sundar Pichai, CEO of Google, and Satya Nadella, CEO of Microsoft.

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Brands-To-Retail 27-01-2022

Rupa & Company's Prahlad Rai Agarwala has been awarded the Padma Shri Award

Manyavar (Vedant Fashions): Company IPO valuation is resilient

31 January 2022, Mumbai:

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 brand 'Manyavar', has fixed its upper issue price band at Rs 824-866 a share, a company official said.

BSE Sensex has seen about 4300 point corrections since early January amid highly volatile trading sessions.

Ravi Modi, Chairman and Managing Director, Vedant Fashions (Manyavar): EOY Award Finalist - YouTube

The company official said the pricing was decided after feedback from institutional investors who have shown high demand interest for the shares.

The company officials said initially it was estimated to raise Rs 2500 crore. However, with better valuations the company will raise upto Rs 3,149 crore at the upper price band through the IPO.

The public issue is purely an offer for sale of 36,364,838 equity shares by promoters and existing shareholders.

The offer for sale comprises sale of up to 1.74 crore shares by Rhine Holdings Ltd, up to 7.23 lakh shares by Kedaara Capital Alternative Investment Fund and up to 1.81 crore shares by Ravi Modi Family Trust.

Rationalizing the high price band, officials said it is an asset light company with zero debt despite its 546 exclusive stores. The huge growth potential in the organised celebration market will help to retain its high growth momentum.

Vedant Fashions is a pan-India player with a retail presence in over 200 cities and three countries in UAE, Canada and the United States.

The company said it will double its overseas store floor area in the next few years.

Its 'Manyavar' brand accounts for about 80 per cent of its revenue and the company officials said it was confident that its other newer brands will grow stronger in the years to come.

Asked about the impact of the third wave of COVID-19 on it, the company said it was minimal as shutdown was minimal.

CREDITS:ET Business Standard Money Control

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Brands-To-Retail 31-01-2022

Manyavar (Vedant Fashions): Company IPO valuation is resilient

Dollar Industries reports revenue for the third quarter

28 January 2022, Mumbai:

Dollar Industries Limited, a renowned garment and hosiery company situated in Kolkata, has released its financial results for the quarter ending December 31, 2021.

Total revenue for Q3FY22 and the first nine months of FY22 was Rs.383.55 crore and Rs.980.05 crore, respectively, compared to Rs.312.44 crore and Rs.729.99 crore in Q3FY21 and the first nine months of FY21, respectively, representing a growth of 22.76 percent for Q3FY22 and 34.25 percent for the first nine months of FY22.

Dollar Industries Limited hosts 27th Annual General Meeting | Global Prime News

While operating revenue for Q3FY22 and the first nine months of FY22 was Rs.382.05 crore and Rs.977.31 crore, respectively, compared to Rs.311.79 crore and Rs.728.64 crore for Q3FY21 and the first nine months of FY21, respectively, representing a growth of 22.53 percent for Q3FY22 and 34.13 percent for the first nine months of FY22.

Similarly, profit after tax (PAT) for Q3FY22 and the first nine months of FY22 was Rs.44.40 crore, or 11.58 percent, and Rs.108.76 crore, or 11.10 percent, respectively, compared to Rs.28.38 crore, or 9.08 percent, and Rs.67.18 crore, or 9.20 percent, for Q3FY21 and the first nine months of FY21, respectively, for a growth of 56.47 percent and 61.89 percent.

"The financial results for the third quarter of FY 21-22 demonstrate that the firm has been able to align itself with its growth trajectory as we have noticed a stronger demand for our products in the market," stated Vinod Kumar Gupta, MD, Dollar Industries Limited.

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Brands-To-Retail 28-01-2022

Tasva opens its second Indian store in New Delhi

25 January 2022, Mumbai:

Men’s traditional wear brand Tasva has opened its second India store in New Delhi. A collaboration of the Aditya Birla Group and courtier and eponymous designer Tarun Tahiliani, the brand offers occasion wear for the modern Indian man at a more affordable price point.

The new store has an off-white interior which highlights the deep jewel tones of its menswear with sherwanis and sets taking centre stage.

It houses decorative globes that denote the brand’s modern, international perspective while classic details such as ornate bird-shaped clothing hooks and window frames highlight its traditional foundation.

The store houses a wide range of wedding attire as well as more everyday pieces. It offers full wardrobe solutions with dedicated sections for accessories, jewellery, footwear, and headwear. Tasva also launched a campaign ‘Sada Mast Raho’ to challenge the social code of conduct that grooms are required to adhere to.

Conceptualized by Taproot Dentsu, it shows how men are asked to limit themselves with regard to their choices, expressions and mannerisms, on their special day.

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Brands-To-Retail 25-01-2022

Tasva opens its second Indian store in New Delhi

Miniklub, babywear brand to open more stores by 2022-end

29 January 2022, Mumbai:

Leading babywear brand Miniklub plans to expand its operations by launching more stores in India by 2022-end.

The brand recently launched its ninth Indian store in Benglauru.

Located in HRBR Layout, the newly launched store offers a vast variety of safe and comfortable apparel for new-born to 6-year-olds.

The store will have a well-trained staff and a spacious display of all kinds of garments and a wide range of non-apparels at the store.

MiniKlub’s offerings include baby essentials, apparel, footwear, toys, travel care, for both boys and girls. Expanding its footprint in the country,

Incepted in 2013 from the house of First Steps Babywear, Miniklub has now grown by leaps and bounds into an omni-channel brand with a presence in over 600 multi brand outlets, leading e-retailers and exclusive brand stores - physical and online.

The crux of the brand lies in its enthusiasm to create companions for little ones, as they discover the world around, with open mouthed wonder. Each product of the brand is developed through diligent consumer research, material exploration, prototyping and market testing.

CREDITS: Retail4Grwoth

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Brands-To-Retail 29-01-2022

Kewal Kiran (Killer Jeans) December 2021: Net Sales up Y-o-Y

27 January 2022, Mumbai:

Reported Standalone quarterly numbers for Kewal Kiran Clothing are:

Net Sales at Rs 171.41 crore in December 2021 up 45.21% from Rs. 118.04 crore in December 2020.

Details of Business – Kewal Kiran Clothing Limited

Quarterly Net Profit at Rs. 21.31 crore in December 2021 up 96.22% from Rs. 10.86 crore in December 2020.

EBITDA stands at Rs. 31.35 crore in December 2021 up 74.55% from Rs. 17.96 crore in December 2020.

Kewal Kiran EPS has decreased to Rs. 3.46 in December 2021 from Rs. 8.81 in December 2020.

Kewal Kiran shares closed at 237.15 on January 27, 2022 (NSE) and has given 29.90% returns over the last 6 months and 33.24% over the last 12 months.

**The statistics mentioned in the above articles have been sourced from The Economic Times.

CREDITS: Money Control Equity Bulls

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Brands-To-Retail 28-01-2022

Kewal Kiran (Killer Jeans) December 2021: Net Sales up Y-o-Y

Manyavar owned by Vedant Fashions: IPO gets SEBI approval

24 January 2022, Mumbai:

About Manyavar

One of India's leading celebration wear brands. Providing branded ethnic wear for men and kids and also for women with mohey's collection.

Manyavar's timeless celebration collection includes exquisite Sherwanis, fine Indo-Westerns, Royal Bandhgalas, classic Kurta-Jackets, and matching.

The issue comprises a pure offer for sale (OFS) of up to 36.36 million shares by its existing promoter and shareholders.

KEY HIGHLIGHTS

It is one of India's leading ethnic wear brand
The issue comprises a pure offer for sale (OFS)
Gets nod from SEBI to raise funds via an IPO (initial public offering)
It had filed draft papers with the SEBI in September 2021

Vedant Fashions Ltd, which owns ethnic wear brand Manyavar, has got an approval from the Securities Exchange Board of India (SEBI) to raise funds via an initial public offering.

The firm had filed draft papers with the SEBI in September 2021. The issue comprises a pure offer for sale (OFS) of up to 36.36 million shares by its existing promoter and shareholders.

Manyavar-owner Vedant Fashions IPO: Gets Sebi's nod to raise funds | Zee Business

The OFS has up to 17.46 million shares by Rhine Holdings Ltd; up to 723,000 shares by Kedaara Capital Alternative Investment Fund-Kedaara Capital AIF I; and up to 18.18 million shares by Ravi Modi Family Trust.

Vedant Fashions owner of 'Manyavar' brand files IPO papers with Sebi – IndyaTv News

Currently, Rhine Holdings has a 7.2% stake in the company, Kedaara AIF holds 0.3% stake while the Ravi Modi Family Trust has 74.67% stake.

Manyavar-Owner Vedant Fashions Gets Sebi Nod To Float IPO - India Ahead

Axis Capital, Edelweiss Financial Services, ICICI Securities, IIFL Securities and Kotak Mahindra Capital are the book running lead managers to the issue.

Vedant Fashions is in the men's Indian wedding and celebration wear market. Its Manyavar brand is a category leader in the branded Indian wedding and celebration wear market with a pan India presence. Other brands of the company include Twamev, Manthan, Mohey and Mebaz.

**The statistics mentioned in the above articles have been sourced from The Economic Times.

CREDITS: Money Control ET

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Brands-To-Retail 25-01-2022

Miniklub, Babywear brand presents its new store in Bangalore

28 January 2022, Mumbai:

About Brand

The one-stop Klub for a thoughtfully crafted range of apparel & accessories for newborns to 6 years, and new mom's!

We believe in better

We are growing

Miniklub, the prominent babywear brand has recently opened its brand-new store in Bangaluru. The store is well located in HRBR Layout & this newly launched store has an array of safe and comfortable apparel pitching it to newborn to 6-year-olds audience.

This marks, Bangalore as a home to MiniKlub's ninth retail location as a milestone. According to the management, it is geared up to meet discernible customers expectations & boasts of well-trained stores staff with soft skills as required & has a very spacious exhibit of many kinds of garments, categories and also to exceed the customer expectations it is completed with a variety of non-apparels at this envious store.

Childlike, yet smart

Products are carefully engineered for style, safety, and comfort of babies and toddlers. As a brand inspired by children, we're all about the little details to maximise every precious moment of childhood.

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Brands-To-Retail 29-01-2022

Babycare brand 'Baby Amore' to expand operations

27 January 2022, Mumbai:

Babycare brand Baby Amore will expand its omnichannel operations with the funds received from revenue-based financing fintech platform and marketplace GetVantage.

Starting as an e-commerce company Baby Amore ventured into physical retail by opening its first brick-and-mortar store in Chennai. It plans to expand its offline footprint to more metros. It currently retails over 100 brands on its e-commerce platform.

Baby Amore was founded in 2019 by Hameed Imthad and Abdul Wahab

The business plans to use its new funding to augment its brand-building strategy. Baby Amore also plans to link up with international baby care brands and retail them on its platform.

Baby Amore was launched by Hameed Imthad and Abdul Wahab in 2019 in Chennai as a multi-brand baby care platform.

The business subsequently opened its first brick-and-mortar store in Chennai which it operates as a concept store to showcase its brand ethos. Baby Amore plans to reach a store total of 50 by 2022.

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Brands-To-Retail 27-01-2022

Shaye launches 'upcycled collection' for women

22 January 2022, Mumbai:

Ready-to-wear brand Shaye has launched an upcycled clothing line for women designed to provide eco-friendly western wear options for the modern Indian woman.

As per a Fashion Network report, Shaye’s ‘Upcycled Collection’ emphasizes the brand’s commitment to zero-waste fashion The new line features shirts, blouses, t-shirts, and accessories including headbands and scrunchies which are all made from fabric scraps which would have otherwise gone to waste.

It includes the Frida tee, a cropped t-shirt with an unexpected back created entirely from a variety of otherwise-to-be-discarded fabrics; the easy, breezy Adelita Kimono Top, made entirely of scrap fabrics to create a stunning silhouette; or the Viva La Vida Kimono, ideal for layering over just about everything, to add a pop to any outfit.

The Indian-made line has launched on Shaye’s dedicated e-commerce store and prices for garments range from Rs 1,600 ($21.46) to Rs 2,400 and accessories prices range from Rs 350 to Rs 550. The line has a bohemian aesthetic with mixed prints used to highlight the use of fabric scraps and turn it into a design feature.

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