Vedant Fashions (Manyavar) IPO: How good is it?

In our story, Vedant Fashions IPO: Information analysis, we have shared the key details of the IPO, along with important information about the company. Here we will answer some questions about Vedant Fashions and evaluate it on parameters like management, financials, valuations, etc. IPO questions The company/business 1) Are the company's earnings before tax more than Rs 50 crore in the last 12 months? Yes. The company's earnings before tax were Rs 335.8 crores in the last 12 months. 2) Will the company be able to scale up its business? Yes. The company has been opening new stores both in India and abroad. It has doubled its retail footprint from 0.5 million square feet in 2016 to 1.1 million square feet in 2021 and plans to double this number in the next few years. 3) Does the company have recognisable brands truly valued by its customers? Yes. The company is a highly recognised brand in the men's wedding and celebration wear segment. 4) Does the company have high repeat customer usage? No. It operates in a competitive space with many unorganised players. Since weddings and celebrations are usually one-time events, the company can't have high repeat customers. 5) Does the company have a credible moat? No. While there is strong brand recognition for Vedant Fashions, it cannot be considered a moat since many other competitors are in the broader market. 6) Is the company sufficiently robust to major regulatory or geopolitical risks? Yes. The company mainly operates in India, making them robust to geopolitical risks. 7) Is the company's business immune to easy replication by new