Vedant Fashions shares fall below IPO price for 1st time since listing

Ethnic wear brand Manyavar's owner Vedant Fashions' shares fell below the IPO price for the first time since its listing on Tuesday. The stock listed at ₹936 on February 16 with gains of 8% from its issue price of ₹866 per share. The stock had hit a high of ₹993 on listing day and has declined nearly 16% since then.