Vedant Asset IPO description – The company is engaged in the business as a Corporate Business Correspondent (BC) of Bank of India, Jharkhand Rajya Gramin Bank (JRGB), and Madhya Pradesh Gramin Bank (MPGB) and in Mutual Fund 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 Mutual fund distribution business. Its Vedant Mitra Kendra acts as Banking – Customer Services Points (CSPs) to fulfill all the necessary banking requirements of the people, Adhaar enabled payment system, Direct Money Transfer (DMT), investment in Mutual Funds – mPOS, PAN related services, Insurance services, Loan services and recharge services along with Air, rail and Bus ticketing, etc.
The services offers by Vedant Mitra:
- Account Opening
- Deposit/Withdrawal Services
- Other Banking Services
- Mutual Fund investment
- Insurance Loan through Banks and NBFCs
- Adhaar enabled payment System
- Direct Money Transfer services Vedantpay (mATM)
- M-POS (PAN & Adhaar)
- Bill Payments & recharge
- Ticketing and Touring
Promoters of Vedant Asset – Mr. Lallit Tripathi and Mrs. Priyanka Maheshwari
Vedant Asset IPO Details
| Vedant Asset IPO Dates | 30 September – 4 October 2022 |
| Vedant Asset IPO Price | INR 40 per share |
| Fresh issue | 7,50,000 shares (INR 3 crore) |
| Offer For Sale | Nil |
| Total IPO size | 7,50,000 shares (INR 3 crore) |
| Minimum bid (lot size) | 3,000 shares (INR 120,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME |
Vedant Asset Financial Performance
| Â | FY 2020 | FY 2021 | FY 2022 |
| Revenue | 61.23 | 113.47 | 167.23 |
| Expenses | 56.63 | 101.98 | 148.86 |
| Net income | 3.40 | 8.68 | 13.81 |
Vedant Asset Offer News
Vedant Asset Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 0.86 | 0.43 | 0.69 |
| PE ratio | – | – | 57.97 |
| RONW (%) | 63.17 | 4.05 | 6.05 |
| NAV | 1.37 | 10.65 | 11.34 |
| EBITDA (%) | 10.33 | 5.82 | 18.72 |
Vedant Asset IPO GMP Daily Trend
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 14 Oct 2022 | 15 | – | – |
| 13 Oct 2022 | 15 | – | 25,000 |
| 12 Oct 2022 | 15 | – | 25,000 |
| 11 Oct 2022 | 15 | – | 25,000 |
| 10 Oct 2022 | 15 | – | 25,000 |
| 8 Oct 2022 | 12 | – | 22,000 |
| 7 Oct 2022 | 10 | – | 22,000 |
| 6 Oct 2022 | 7 | – | 20,000 |
| 4 Oct 2022 | – | – | 15,000 |
| 3 Oct 2022 | – | – | 15,000 |
| 1 Oct 2022 | – | – | 12,000 |
| 30 Sep 2022 | – | – | 8,000 |
Vedant Asset Offer Subscription – Live Updates
| Non-Retail | Retail | Total | |
|---|---|---|---|
| Shares Offered | 354,000 | 354,000 | 708,000 |
| Day 1 | 1.14 | 0.40 | 0.77 |
| Day 2 | 1.96 | 5.86 | 3.91 |
| Day 3 | 42.75 | 55.16 | 49.07 |
| Last updated on 04 Oct 2022 | 06:57:06 PM |
Vedant Asset Offer Lead Manager
HEM SECURITIES LIMITED
904, A Wing, Naman Midtown
Senapati Bapat Marg, Elphinstone Road, Lower Parel
Mumbai – 400013, Maharashtra, India
Phone: +91-022-49060000
Email: [email protected]
Website: www.hemsecurities.com
Vedant Asset Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6 – 2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre,
Mahakali Cave Road, Andheri (East),
Mumbai – 400093, Maharashtra
Phone: +91 22 6263 8200
E-mail:Â [email protected]
Website:Â www.bigshareonline.com
Vedant Asset Contact Details
VEDANT ASSET LIMITED
3rd Floor, Gayways House,
Pee Pee Compound, Ranchi
Jharkhand 834001, India
Phone : +91 0651-3594782
E-mail: [email protected]
Website: www.vedantasset.com
Vedant Asset IPO Allotment Status
Vedant Asset IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Vedant Asset IPO Dates & Listing Performance
| Vedant Asset IPO Opening Date | 30 September 2022 |
| Vedant Asset IPO Closing Date | 4 October 2022 |
| Finalisation of Basis of Allotment | 10 October 2022 |
| Initiation of refunds | 11 October 2022 |
| Transfer of shares to demat accounts | 12 October 2022 |
| Vedant Asset IPO Listing Date | 12 October 2022 |
| Opening Price on BSE SME | INR65 per share (up 62.5%) |
| Closing Price on BSE SME | INR68.25 per share (up 70.62%) |
Vedant Asset IPO FAQs
What is Vedant Asset offer size?
Vedant Asset offer size is INR 3 crore.
What is Vedant Asset IPO Price Band?
Vedant Asset public offer price is INR 40 per share.
What is the lot size of Vedant Asset IPO?
Vedant Asset offer lot size is 3,000 shares.
What is Vedant Asset IPO GMP today?
Vedant Asset IPO GMP today is INR 15 per share.
What is Vedant Asset kostak rate today?
Vedant Asset kostak rate today is NA per application.
What is Vedant Asset Subject to Sauda rate today?
Vedant Asset Subject to Sauda rate today is NA per application.
What are Vedant Asset Offer Dates?
Vedant Asset Offer opens on 30 September 2022 and closes on 4 October 2022.
