Vedant Asset Limited IPO

BSE SME

Listed On: Oct 12, 2022 at ₹ 65.0

₹ 120000 /3000 Shares

Check Allotment

Vedant Asset Limited IPO Details

30 Sep, 2022

Open Date

04 Oct, 2022

Close Date

10 Oct, 2022

Allotment Date

12 Oct, 2022

Listing Date

Issue Price

₹40 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE SME

Registrar

Bigshare Services Pvt Ltd

List Price

65.0

Listing Date

2022-10-12

Market Lot

3000 Shares (₹120,000/-)

Lead Manager

Hem Securities Limited

Issue Size

750,000 shares of ₹10(aggregating up to ₹3.00 Cr)

Retail Portion

N/A

Subscription

49.07 times

IPO Docs

DRHP

Vedant Asset Limited IPO Subscription Details

As on	QIB / NII	Retail	Total
Day 1 - 30-09-22 06:00 PM	1.14 x	0.40 x	0.77 x
Day 2 - 03-10-22 06:00 PM	1.96 x	5.86 x	3.91 x
Day 3 - 04-10-22 06:00 PM	42.98 x	55.16 x	49.07 x

Vedant Asset Limited Valuations

Earnings Per Share (EPS)

₹0.69/-

P/E Ratio

N/A

RoNW

6.05%

Net Asset Value (NAV) - Post Issue

₹11.34/-

Vedant Asset Limited Company Financials All values are in ₹ Lakh

	31-Mar-22	31-Mar-21	31-Mar-20
Assets	254.63	239.16	83.13
Revenue	167.23	113.47	61.23
Profit After Tax	13.81	8.68	3.4

About The Company

Incorporated in 2015, Vedant Asset Limited is engaged in the business as a Corporate Business Correspondents (BC) of Bank of India, Jharkhand Rajya Gramin Bank (JRGB) and Madhya Pradesh Gramin Bank (MPGB) and as Mutual Funds Distribution through a partner base of more than 350 Vedant Mitra partners working in various rural and semi-urban locations and handling more than 100 crores of assets under our Mutual fund distribution business.
Vedant Asset handles more than 100 Crore's of AUM and over 500 Clients.
Vedant Mitra offers the following services :
Banking Services: Account Opening, Deposit/Withdrawl Services, Other Banking Services.
Financial Services: Mutual Fund investment, Insurance, Loan through Banks and NBFCs.
Remittance services: Adhaar enabled payment System, Direct Money Transfer services, Vedantpay (mATM).
Other Value-added Services: M-POS (PAN & Adhaar), Bill Payments & recharge, Ticketing and Touring.
The company has been recognized by many institutes like the CNBC Hall of Fame Award for the year 2019, CNBC TV18 Best financial advisors award for East 2016, CNBC TV 18 Best financial advisor (IFA Up country East) 2017, One of the largest mobilization of AUM (Asset under management in Jharkhand), Wealth Forum Award for Highest Business Mobilization in Rest of East in 2015 etc.

Vedant Asset Limited - Promoter(s)

Pre Issue Share Holding: 99.99%

Post Issue Share Holding: %

Company Promoter(s)

Mr. Lallit Tripathi
Mrs. Priyanka Maheshwari

Vedant Asset Limited IPO - Issue Objectives

Financing the expenditure for Business Expansion.
To meet working capital requirements.
General Corporate Purpose.
To meet issue expenses.

Vedant Asset Limited IPO - FAQs

Ans. Vedant Asset Limited IPO is a SME IPO. The issue is priced at ₹40 per equity share. The minimum order quantity is 3000 Shares. The IPO opens on Sep 30, 2022, and closes on Oct 4, 2022. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Ans. The Vedant Asset Limited IPO opens on Sep 30, 2022 and closes on Oct 4, 2022.

Ans. The size of Vedant Asset Limited IPO is 750,000 shares of ₹10(aggregating up to ₹3.00 Cr).

Ans. The IPO price band is set between ₹40 per equity share.

Ans. To apply for Vedant Asset Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Vedant Asset Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Vedant Asset Limited IPO is Oct 10, 2022.

Ans. The Vedant Asset Limited IPO will be listed on Oct 12, 2022.

Ans. Follow the steps to check the allotment status for Vedant Asset Limited IPO here.