IPO

Vedant Asset Limited IPO

BSE SME

Listed On: Oct 12, 2022 at ₹ 65.0

₹ 240000 /6000 Shares
*Min Investment

Check Allotment

30 Sep, 2022

Open Date

04 Oct, 2022

Close Date

10 Oct, 2022

Allotment Date

12 Oct, 2022

Listing Date
Vedant Asset Limited IPO Issue Details
  • Issue Price ₹40 per equity share
  • Face Value ₹10 Per Equity Share
  • Issue Price 750,000 shares of ₹10(aggregating up to ₹3.00 Cr)
  • Listing at BSE SME
  • List Price 65.0
  • Listing Date 2022-10-12
  • Lead Manager Hem Securities Limited
  • Registrar Bigshare Services Pvt Ltd
Vedant Asset Limited IPO Details
  • Retail Portion N/A
Vedant Asset Limited IPO Documents
DRHP
Vedant Asset Limited IPO Details


Vedant Asset Limited IPO is an SME IPO, priced at ₹40 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform.

The IPO bidding window is open from Sep 30, 2022 to Oct 4, 2022. The allotment is expected to be finalized on Oct 10, 2022, and the tentative listing date is Oct 12, 2022.


The registrar of the IPO is Bigshare Services Pvt Ltd, and

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Vedant Asset Limited IPO Subscription Analysis And Details
Retail
55.16x
Total
49.07x
As onQIB / NIIRetailTotal
Day 1 - 30-09-22 06:00 PM1.14 x0.40 x0.77 x
Day 2 03-10-22 06:00 PM
1.96 x5.86 x3.91 x
Day 3 04-10-22 06:00 PM
42.98 x55.16 x49.07 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
In Lakhs
In Lakh
31-Mar-2231-Mar-2131-Mar-20
Assets254.63239.1683.13
Revenue167.23113.4761.23
Profit After Tax13.818.683.4
About Vedant Asset Limited 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.

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Vedant Asset Limited - Promoter(s)

Mr. Lallit Tripathi

Mrs. Priyanka Maheshwari

Pre Issue Share Holding : 99.99%

Post Issue Share Holding : %

Vedant Asset Limited IPO - Issue Objectives
1

Financing the expenditure for Business Expansion.

2

To meet working capital requirements.

3

General Corporate Purpose.

4

To meet issue expenses.