Vedant Asset Limited IPO (Vedant Asset IPO)

Vedant Asset Limited IPO
Upcoming Vedant Asset IPO | New Vedant Asset IPO

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.

Vedant Asset IPO

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

Particulars31 March 202231 March 202131 March 2020
Total Revenue167.23113.4761.23
Total Expense148.86101.9856.63
Profit Before Tax18.3711.484.60
Profit After Tax13.818.683.40
Amount in ₹ Lakhs

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 Issue Object

Vedant Asset IPO – Details

IPO Opening Date30 September 2022
IPO Closing Date04 October 2022
Issue TypeFixed Price Issue IPO
Issue Size₹3 Crore
Face Value₹10 per equity share
IPO Price₹40
Market Lot3000 Shares
Min Order3000 Shares (1 Lot)
Listing AtBSE SME
RegisterBigshare Services Pvt Ltd
Retail Shares Offered50% of the net offer
NII (HNI) Shares Offered50% of the net offer

Vedant Asset IPO – Date Schedule

IPO Open Date30 September 2022
IPO Close Date04 October 2022
Basis of Allotment Date10 October 2022
Initiation of Refunds11 October 2022
Credit of Shares to Demat Account12 October 2022
IPO Listing Date13 October 2022

Vedant Asset IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Minimum130001,20,000
Maximum130001,20,000

Vedant Asset IPO Promoter Holding

Pre Issue Share Holding99.99%
Post Issue Share Holding72.83%

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
Websitehttp://www.vedantasset.com/

Vedant Asset IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Websitehttp://www.bigshareonline.com

Vedant Asset IPO Lead Manager(s)

1. Hem Securities Limited 

Vedant Asset IPO FAQs

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.
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