Vedant Asset Limited
Fixed Price IPO · BSE
- Price band
- ₹40 - ₹40
- Lot size
- 3,000 shares
- Issue amount
- ₹3 cr
- Total subscription
- 49.07×
- Opens
- 30 Sept 2022
- Closes
- 4 Oct 2022
- Allotment
- 10 Oct 2022
- Listing
- 13 Oct 2022
Offer at a glance
Issue overview
- Issue size
- 7,50,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,20,000
- Fresh issue
- ₹3 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,20,000
- Issue type
- Fixed Price IPO
- Shares before issue
- 20,11,600
- Shares after issue
- 27,61,600
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 3,000 | ₹1,20,000 |
| HNI | 2 | 6,000 | ₹2,40,000 |
Share reservation
Subscription & GMP
Subscription by category
Subscription figures are awaiting publication.
GMP history
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Company information
Company profile
Incorporated in 2015, Vedant Asset Limited operates as a Corporate Business Correspondent (BC) for Bank of India, Jharkhand Rajya Gramin Bank, and Madhya Pradesh Gramin Bank, and also engages in mutual fund distribution through a network of over 350 Vedant Mitra partners across rural and semi-urban locations. The company manages more than ₹100 crore in assets under management (AUM) and serves over 500 clients. Vedant Mitra provides a range of services, including banking (account opening, deposits/withdrawals, and other banking services), financial services (mutual fund investments, insurance, and loans through banks and NBFCs), remittance services (Aadhaar-enabled payment systems, direct money transfers, Vedantpay), and other value-added services such as M-POS, bill payments, recharge, ticketing, and touring. The company has received multiple recognitions, including the CNBC Hall of Fame Award (2019), CNBC TV18 Best Financial Advisors Award for East (2016), CNBC TV18 Best Financial Advisor (IFA Up Country East, 2017), and the Wealth Forum Award for highest business mobilization in the Rest of East (2015).
Strengths
- Strong Product Tie-Ups & Multi-Product Support: Offers multiple products through reliable partnerships.
- Single-Point Solution: Provides end-to-end solutions under one roof.
- Technology & Integration Expertise: Skilled in leveraging technology for seamless operations.
- Team Supporting Growth: Dedicated staff focused on driving business expansion.
- Experienced & Qualified Management: Led by knowledgeable and capable leaders.
Promoters
Mr. Lallit Tripathi
Mrs. Priyanka Maheshwari
Registrar & documents
Lead manager
Hem Securities Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
3 rd Floor, Gayways House, Pee Pee Compound, Ranchi, Jharkhand 834001
+91 0651-3594782
[email protected]Company website ↗Understanding VEDANTASSET IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.