Vedant Asset IPO

Vedant Asset IPO

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 nameVedant Asset Limited
IndustryFinance-Asset management
Company Website

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 date30 September 2022
IPO Closing04 October 2022
Basis of Allotment10 October 2022
Initiation Refunds11 October 2022
Credit to Demat Account12 October 2022
Listing Date13 October 2022

Vedant Asset IPO Details

Vedant Asset IPO DateSep 30, 2022, to Oct 4, 2022
Vedant Asset Face Value₹10 per share
Vedant Asset IPO Price₹40 per share
Lot Size3000 Shares
Issue Size750,000 shares of ₹10
(aggregating up to ₹3.00 Cr)
Fresh Issue750,000 shares of ₹10
(aggregating up to ₹3.00 Cr)
Issue TypeFixed Price Issue IPO
Listing AtBSE SME

Vedant Asset IPO Lot Size

Retail (Min)13000₹120,000
Retail (Max)13000₹120,000

Vedant Asset IPO Reservation Details

NII (HNI) Shares Offered50%
Retail Shares Offered50%

Vedant Asset Financial Performance

 FY 2020FY 2021FY 2022
Net income3.408.6813.81
(Figures are in ₹Lakhs)

Vedant Asset Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio57.97
RONW (%)
EBITDA (%)10.335.8218.72

Company Promoters

  • Mr. Lallit Tripathi
  • Mrs. Priyanka Maheshwari

Vedant Asset Promoter Holding

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

Lead Manager(s)

  • Hem Securities Limited

Vedant Asset IPO Registrar

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

Vedant Asset Contact Details

3rd Floor, Gayways House,
Pee Pee Compound, Ranchi
Jharkhand 834001, India
Phone : +91 0651-3594782

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

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