Vedant Asset Limited is engaged in business as a Corporate Business Correspondent (BC) to Bank of India, Jharkhand Rajya Gramin Bank (JRGB) and Madhya Pradesh Gramin Bank (MPGB) and as a mutual fund distributor through a partner base of over 350 Vedants. Mitra Partners working in various rural and semi-urban locations managing over 100 million 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/Withdrawal Services, Other Banking Services.
Financial Services: Mutual Fund investment, Insurance, Loan through Banks and NBFCs.
Remittance services: Aadhaar enabled payment System, Direct Money Transfer services, Vedantpay (mATM).
Other Value-added Services: M-POS (PAN & Aadhaar), Bill Payments & recharge, Ticketing and Touring.
The company has been awarded by many institutes such as CNBC Hall of Fame Award 2019, CNBC TV18 Best Financial Advisors East 2016, CNBC TV 18 Best Financial Advisors (IFA Up country East) 2017, One of the largest mobilization of AUM (Assets under Management in Jharkhand), Wealth Forum Award for Highest Business Mobilization in Rest of East 2015 etc.
Competitive Strengths
- Strong product tie ups and Multi-product support
- Single point solution
- Technology & Integration Expertise
- Team to support business Growth
- Experienced & Qualified Management Team
Company Promoters
- Mr. Lallit Tripathi
- Mrs. Priyanka Maheshwari
Company Financials
| Particulars | 31 March 2022 | 31 March 2021 | 31 March 2020 |
|---|---|---|---|
| Total Revenue | 167.23 | 113.47 | 61.23 |
| Total Expense | 148.86 | 101.98 | 56.63 |
| Profit Before Tax | 18.37 | 11.48 | 4.60 |
| Profit After Tax | 13.81 | 8.68 | 3.40 |
Object Of The Issue
- Financing the expenditure for Business Expansion.
- To meet working capital requirements.
- General Corporate Purpose.
- To meet issue expenses.
Vedant Asset IPO – Details
| IPO Opening Date | 30 September 2022 |
| IPO Closing Date | 04 October 2022 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | ₹3 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹40 |
| Market Lot | 3000 Shares |
| Min Order | 3000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Bigshare Services Pvt Ltd |
| Retail Shares Offered | 50% of the net offer |
| NII (HNI) Shares Offered | 50% of the net offer |
Vedant Asset IPO – Date Schedule
| IPO Open Date | 30 September 2022 |
| IPO Close Date | 04 October 2022 |
| Basis of Allotment Date | 10 October 2022 |
| Initiation of Refunds | 11 October 2022 |
| Credit of Shares to Demat Account | 12 October 2022 |
| IPO Listing Date | 13 October 2022 |
Vedant Asset IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 3000 | 1,20,000 |
| Maximum | 1 | 3000 | 1,20,000 |
Vedant Asset IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 72.83% |
Vedant Asset IPO Prospectus
Company Contact Information
| Vedant Asset Limited 3 rd Floor, Gayways House, Pee Pee Compound, Ranchi, Jharkhand 834001 Phone: +91 0651-3594782 Email: cs@vedantasset.com Website: http://www.vedantasset.com/ |
Vedant Asset IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: http://www.bigshareonline.com |
Vedant Asset IPO Lead Manager(s)
| 1. Hem Securities Limited |
Vedant Asset IPO FAQs
| What is Vedant Asset IPO? Vedant Asset IPO is a SME IPO. The issue is priced at ₹40 per equity share. The IPO is to be listed on BSE SME. |
| When Vedant Asset IPO will open? The IPO is to open on 30 September 2022 for NII and Retail Investors. |
| What is Vedant Asset IPO Investors Portion? The investors’ portion for NII-50%, and Retail 50%. |
| How to Vedant Asset IPO? You can apply Vedant Asset IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Vedant Asset IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Vedant Asset”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Vedant Asset IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Vedant Asset”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Vedant Asset IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Vedant Asset”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Vedant Asset IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Vedant Asset”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Vedant Asset IPO Size? Vedant Asset IPO size is ₹3 crores. |
| What is Vedant Asset IPO Price Band? Vedant Asset IPO Price Band is ₹40. |
| What is Vedant Asset IPO Minimum and Maximum Lot Size? The minimum bid is 3000 Shares with ₹1,20,000 amount while the maximum bid is 3000 shares with ₹1,20,000. |
| What is the Vedant Asset IPO Allotment Date? Vedant Asset IPO allotment date is 10 October 2022. |
| What is the Vedant Asset IPO Listing Date? Vedant Asset IPO listing date is 13 October 2022. The IPO is to list on BSE SME. |
