October 13, 2022
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Vedant Asset IPO Details & Guidance
Vedant Asset IPO Listing information
Listed on 13 October 2022
Issue price Rs. 40
Listed at Rs. 65
High of Rs. 68.25
Closed at Rs. 68.25
Grey Market News for Vedant Asset IPO #
On 13 October 2022, click
Vedant Asset IPO Subscription Status
On 4 October 2022 @ 5.00 pm
NII 50% 3,54,000 Shares: 42.98T
RII 50% 3,54,000 Shares: 55.16T
Total 7,08,000 Shares: 49.07 T
Vedant Asset IPO Details
IPO Dates 30-09-2022 to 04-10-2022
Face Value Rs 10 per share
IPO Price Rs 40 per share
Lot 3000 Shares
Issue Size 7,50,000 shares of Rs 10
Issue Rs 3 Cr)
# Fresh Issue 7,50,000 shares of Rs 10/Rs 3 Cr
# Offer for Sale – shares of Rs 10/ Rs – Cr
Issue Type Book Built IPO
Listing At BSE SME
Objects of the IPO
1. Financing the expenditure for Business Expansion.
2. To meet working capital requirements.
Retail Offer: 50 % / 3,54,000 Shares
RII Min. Application: 3000 Shares, Rs. 1,20,000
RII Max. Application: 3000 Shares, Rs. 1,20,000
Only 118 Applications required for onetime RII-subscriptions.
Vedant Asset IPO Timetable
IPO Opening Date: 30 September
IPO Closing Date: 04 October 2022
Basis of Allotment: 10 October 2022
Initiation of Refunds: 11 October 2022
Credit to Demat A/cs: 12 October 2022
IPO Listing Date: 13 October 2022
Vedant Asset Business:
Vedant Asset 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 its Mutual fund distribution business. Its Vedant Mitra Kendra acts as Banking – Customer services Point (CSPs) to fulfil 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.
It is also looking towards expanding its services in the field of disbursing Government DBT subsidies, Adhaar linked subsidies and providing essential services through its network of Vedant Mitra Kendra. It believes in taking the financial services to the last mile and in creating an aggressive business model both for our partners and Clients.
For more information about the company, Click Website: http://www.vedantasset.com/
Business Summary:
Promoters of Vedant Asset
Mr. Lallit Tripathi, Mrs. Priyanka Maheshwari
Registered office of Vedant Asset
3 rd. Floor, Gayways House, Pee Pee Compound, Ranchi, Jharkhand 834001
Company Secretary and Compliance Officer: Mr. Shobhan Gupta
Lead Manager of Vedant Asset
Hem Securities ltd
Registrar to the IPO of Vedant Asset
Bigshare Services Pvt. Ltd.
SME IPO Financial & Analytical Ratios#
Total Income 2019-20 Rs 0.61 Cr
Total Income 2020-21 Rs 1.13 Cr
Total Income 2021-22 Rs 1.67 Cr
Net Profit 2019-20 Rs 0.03 Cr
Net Profit 2020-21 Rs 0.09 Cr
Net Profit 2021-22 Rs 0.13 Cr
Earnings per Share 2019-20 Rs 0.86
Earnings per Share 2020-21 Rs 0.43
Earnings per Share 2021-22 Rs 0.69
Return on Net Worth: 19-20: 63.17 %
Return on Net Worth: 20-21: 4.05 %
Return on Net Worth: 21-22: 6.05 %
Book Value of the Share as on 31.03.22 Rs 11.34
NAV after the IPO Rs. –
Offer Price Rs. 40
IPO Peer Comparison:
There are no listed companies in India that are engaged in a business similar to that of this company accordingly it is not possible to provide an industry comparison in relation to the company.
Observation by Paresh Gordhandas (Research Analyst)
Will be updated soon
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