Vedant Asset Limited
BSE SME₹120,000 / 3000 Shares
Vedant Asset Limited IPO Details
The Vedant Asset Limited IPO price band is set between ₹40 per equity share, with a face value of ₹10 per share. The issue is managed by Bigshare Services Pvt Ltd, and the equity shares are proposed to be listed on the BSE SME.
The IPO date for subscription opens on 30 Sep, 2022 and closes on 4 Oct, 2022. Investors can check the allotment status on 10 Oct, 2022, while the listing date is tentatively scheduled for 12 Oct, 2022.
The total issue size is 750,000 shares of ₹10, aggregating up to ₹3.00 Cr. Stay tuned for the latest Vedant Asset Limited IPO review and GMP updates.
Vedant Asset Limited IPO Review, Rating & Analysis
Vedant Asset Limited IPO Review
NO REVIEWVedant Asset Limited IPO Rating
Vedant Asset Limited IPO Highlights
IPO Date
Sep 30, 2022 - Oct 4, 2022
Listing Date
12 Oct, 2022
Face Value
₹10 Per Equity Share
Price Band
₹40 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE SME
Vedant Asset Limited IPO Lot Size
The minimum market lot for Vedant Asset Limited IPO is 3000 shares with an application amount of ₹1,20,000. Retail investors can apply for up to 1 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹1,20,000 |
| Retail (Max) | 1 | 3000 | ₹1,20,000 |
| S-HNI (Min) | 2 | 6000 | ₹2,40,000 |
| S-HNI (Max) | 8 | 24000 | ₹9,60,000 |
| B-HNI (Min) | 9 | 27000 | ₹10,80,000 |
Vedant Asset Limited IPO Timeline
Issue Price
₹40 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Bigshare Services Pvt LtdLead Manager
Hem Securities LimitedIssue Size
750,000 shares of ₹10(aggregating up to ₹3.00 Cr)Vedant Asset Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 22 | 254.63 | 167.23 | 13.81 | - | - | - |
| 31 Mar 21 | 239.16 | 113.47 | 8.68 | - | - | - |
| 31 Mar 20 | 83.13 | 61.23 | 3.4 | - | - | - |
All values are in ₹ Lakh
Promoters & Share Holding
Promoter(s) Name
- Mr. Lallit Tripathi
- Mrs. Priyanka Maheshwari
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 99.99% | % |
About 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 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 |
Frequently Asked Questions about Vedant Asset Limited IPO
When will Vedant Asset Limited IPO open for subscription?
The Vedant Asset Limited IPO opens on 30 Sep, 2022 and closes on 4 Oct, 2022.
What is the investors portion for Vedant Asset Limited IPO?
The investors' portion for QIB is , NII is N/A, and Retail is 0.40 x.
How to apply for Vedant Asset Limited IPO?
You can apply for Vedant Asset Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Vedant Asset Limited IPO?
The issue size of Vedant Asset Limited IPO is approx ₹750,000 shares of ₹10(aggregating up to ₹3.00 Cr) crores.
What is the price band of Vedant Asset Limited IPO?
The price band for Vedant Asset Limited IPO is ₹40 per equity share to ₹undefined.
What is the lot size of Vedant Asset Limited IPO?
The minimum bid (lot size) for Vedant Asset Limited IPO is N/A shares with an investment of approx ₹120,000 .
What is the allotment date of Vedant Asset Limited IPO?
The allotment date for Vedant Asset Limited IPO is 10 Oct, 2022.
What is the listing date of Vedant Asset Limited IPO?
The listing date for Vedant Asset Limited IPO is expected to be 12 Oct, 2022.
What is the GMP of Vedant Asset Limited IPO?
The latest Grey Market Premium (GMP) for Vedant Asset Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.