Vedant Asset IPO will open for subscription from 30 September 2022. the company aims for an issue size of ₹3 Cr through this IPO.
Vedant Asset Limited
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 offered 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
Basic details about the company
| Full name | Vedant Asset Limited |
| Sector | Finance |
| Industry | Finance-Asset management |
| Company Website | https://vedantasset.com/ |
Major 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.
Objects of the Issue
- For working capital requirements.
- Financing the expenditure for Business Expansion.
- To meet issue expenses.
- General Corporate Purpose.
Dates to remember
| IPO Opening date | 30 September 2022 |
| IPO Closing | 04 October 2022 |
| Basis of Allotment | 10 October 2022 |
| Initiation Refunds | 11 October 2022 |
| Credit to Demat Account | 12 October 2022 |
| Listing Date | 13 October 2022 |
Vedant Asset IPO Details
| Vedant Asset IPO Date | Sep 30, 2022, to Oct 4, 2022 |
| Vedant Asset Face Value | ₹10 per share |
| Vedant Asset IPO Price | ₹40 per share |
| Lot Size | 3000 Shares |
| Issue Size | 750,000 shares of ₹10 (aggregating up to ₹3.00 Cr) |
| Fresh Issue | 750,000 shares of ₹10 (aggregating up to ₹3.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Vedant Asset IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
Vedant Asset IPO Reservation Details
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Vedant Asset Financial Performance
| 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 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 |
Company Promoters
- Mr. Lallit Tripathi
- Mrs. Priyanka Maheshwari
Vedant Asset Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 72.83% |
Lead Manager(s)
- Hem Securities Limited
Vedant Asset IPO 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: ipo@bigshareonline.com
Website: 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: cs@vedantasset.com
Website: www.vedantasset.com
Vedant Asset IPO Allotment Status
Vedant Asset IPO allotment will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Vedant Asset IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
