Vedant Asset Limited IPO Date, Review, and Details (Vedant Asset IPO)
Vedant Asset IPO is a BSE SME IPO. They are going to raise ₹3.0 Crores via IPO. The issue is a price range of ₹40 per equity share. The IPO is to be listed on BSE.
Vedant Asset Limited was established 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 of AUM and over 500 Clients.
The following services are offered by Vedant Mitra:
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 Vedant company has been recognized by many institutes like the CNBC Hall of Fame Award for the year 2019, One of the largest mobilization of AUM (Asset under management in Jharkhand), CNBC TV18 Best financial advisors award for East 2016, CNBC TV 18 Best financial advisor (IFA Up country East) 2017, Wealth Forum Award for Highest Business Mobilization in Rest of East in 2015, etc.
What is the official website of Vedant Asset Limited?
Vedant Asset Limited Official Website is http://www.vedantasset.com/
What is the registered address of Vedant Asset Limited?
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 Limited Financial Report
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 83.13 | 61.23 | 3.4 | 5.38 | 4.38 | |
| 31-Mar-21 | 239.16 | 113.47 | 8.68 | 214.22 | 13.06 | |
| 31-Mar-22 | 254.63 | 167.23 | 13.81 | 228.03 | 26.87 | |
| Amount in ₹ Lakhs | ||||||
Vedant Asset Limited Date & Price Band
| IPO Open: | September 30, 2022 |
| IPO Close: | October 04, 2022 |
| IPO Size: | Approx ₹3.0 Crores |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | Rs.40 per Equity Share, 750,000 shares |
| IPO Listing on: | BSE SME |
| Retail Quota: | 50% |
| QIB Quota: | -% |
| NII Quota: | 50% |
Vedant Asset Limited Market Lot
The Vedant Asset IPO minimum market lot is 3000 shares with a ₹120,000 application amount.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 3000 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
Vedant Asset Limited Allotment & Listing Dates
The IPO date is September 30 and the IPO close date is October 04, 2022. The IPO allotment date is October 10 and the Vedant Asset Limited listing on October 13, 2022.
| Event | Date |
| Opening Date | Sep 30, 2022 |
| Closing Date | Oct 04, 2022 |
| Basis of Allotment | Oct 10, 2022 |
| Initiation of Refunds | Oct 11, 2022 |
| The credit of Shares to Demat | Oct 12, 2022 |
| IPO Listing Date | Oct 13, 2022 |
Vedant Asset Limited Company Promoter
Mr. Lallit Tripathi and Mrs. Priyanka Maheshwari are the company promoters.
Vedant Asset Limited Company Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Vedant Asset Limited Lead Managers
Hem Securities Limited
What is Vedant Asset Limited?
The IPO is a BSE SME IPO. They are going to raise ₹3.0 Crores via IPO. The issue is a price range of ₹40 per equity share. The IPO is to be listed on BSE.
When will IPO open?
The IPO will open for NII and Retail Investors in September 30, 2022.
What is Vedant Asset Limited Investors Portion?
The investors’ portion for NII is 50%, and Retail is 50%.
What is Vedant Asset Limited Size?
The IPO size is ₹3.0 crores.
What is IPO Price Band?
The IPO Price range of ₹40 per equity share.
What is IPO Minimum and Maximum Lot Size?
The IPO bid is 3000 shares with ₹120,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 3000 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
What is Vedant Asset Limited Allotment?
The IPO allotment date is October 10, 2022.
What is Vedant Asset Limited Listing?
The IPO listing date is October 13, 2022. The IPO to list on BSE SME.
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