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Vedant Asset Limited IPO (Vedant Asset IPO) Detail

September 30, 2022 - October 4, 2022

Vedant Asset IPO is a fixed price issue of Rs 3.00 crores. The issue is entirely a fresh issue of 7.5 lakh shares.

Vedant Asset IPO bidding started from September 30, 2022 and ended on October 4, 2022. The allotment for Vedant Asset IPO was finalized on Monday, October 10, 2022. The shares got listed on BSE SME on October 12, 2022.

Vedant Asset IPO price is ₹40 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹240,000.

Hem Securities Limited is the book running lead manager of the Vedant Asset IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Vedant Asset IPO RHP for detailed information.

Vedant Asset IPO Details

IPO Date September 30, 2022 to October 4, 2022
Listing Date October 12, 2022
Face Value ₹10 per share
Price ₹40 per share
Lot Size 3000 Shares
Total Issue Size750,000 shares
(aggregating up to ₹3.00 Cr)
Fresh Issue750,000 shares
(aggregating up to ₹3.00 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion42,000 shares

Vedant Asset IPO Reservation

Vedant Asset IPO offers 750,000 shares. 354,000 (47.20%) to NII, 354,000 (47.20%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered42,000 (5.60%)
Other Shares Offered354,000 (47.20%)
Retail Shares Offered354,000 (47.20%)
Total Shares Offered750,000 (100%)

Vedant Asset IPO Timeline (Tentative Schedule)

Vedant Asset IPO opens on September 30, 2022, and closes on October 4, 2022.

IPO Open Date Friday, September 30, 2022
IPO Close Date Tuesday, October 4, 2022
Basis of Allotment Monday, October 10, 2022
Initiation of Refunds Tuesday, October 11, 2022
Credit of Shares to Demat Wednesday, October 12, 2022
Listing Date Wednesday, October 12, 2022
Cut-off time for UPI mandate confirmation 5 PM on October 4, 2022

Vedant Asset IPO Lot Size

Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 3000 ₹120,000
Retail (Max) 1 3000 ₹120,000
HNI (Min) 2 6,000 ₹240,000
Lot Size Calculator

Vedant Asset IPO Promoter Holding

Mr. Lallit Tripathi and Mrs. Priyanka Maheshwari are the company promoters.

Share Holding Pre Issue 99.99%
Share Holding Post Issue 72.83%

About Vedant Asset Limited

Incorporated 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's of AUM and over 500 Clients.

Vedant Mitra offers the following services :

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 company has been recognized by many institutes like the CNBC Hall of Fame Award for the year 2019, CNBC TV18 Best financial advisors award for East 2016, CNBC TV 18 Best financial advisor (IFA Up country East) 2017, One of the largest mobilization of AUM (Asset under management in Jharkhand), Wealth Forum Award for Highest Business Mobilization in Rest of East in 2015 etc.

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

Company Financials

Vedant Asset Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
Amount in ₹ Lakhs

Key Performance Indicator

Vedant Asset IPO Market Cap is Rs 11.05 Cr and P/E (x) is 80.

KPI Values
P/E (x)80
Market Cap (₹ Cr.)11.05

Objects of the Issue (Vedant Asset IPO Objectives)

The company intend to utilize the proceeds of the Issue to meet the following objects:-

1. Financing the expenditure for Business Expansion.

2. To meet working capital requirements.

3. General Corporate Purpose.

4. To meet issue expenses.

Vedant Asset IPO Review (Avoid)

[Dilip Davda]  VAL is providing services as a Corporate Business Correspondent in rural and semi-rural areas. Its financial performance so far has been at a minuscule level. Its future prospects hinge on the success of mATMs initiatives. Based on FY22 earnings, the issue is exorbitantly priced. Low paid-up equity capital post-IPO hints at longer gestation for migration. There is no harm in skipping this pricy IPO. Read detail review...

Vedant Asset IPO Subscription Status (Bidding Detail)

The Vedant Asset IPO is subscribed 49.07 times on October 4, 2022 6:57:00 PM. The public issue subscribed 55.16 times in the retail category, times in the QIB category, and 42.98 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Vedant Asset IPO Prospectus

Vedant Asset IPO Rating

Rating:Rated 4.1 stars
Vote Here ...

Vedant Asset IPO Listing Details

Listing Date October 12, 2022
BSE Script Code 543623
NSE Symbol
Final Issue Price ₹40 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Vedant Asset Limited Contact Details

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

Vedant Asset IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Vedant Asset IPO - Buy or Not

Vedant Asset IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 1 0 0

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Vedant Asset IPO FAQs

Vedant Asset IPO is a SME IPO of 750,000 equity shares of the face value of ₹10 aggregating up to ₹3.00 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000 Shares.

The IPO opens on September 30, 2022, and closes on October 4, 2022.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Vedant Asset IPO using UPI as a payment gateway. Zerodha customers can apply in Vedant Asset IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Vedant Asset IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Vedant Asset IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Vedant Asset IPO opens on September 30, 2022 and closes on October 4, 2022.

Vedant Asset IPO lot size is 3000 Shares, and the minimum amount required is ₹120,000.

You can apply in Vedant Asset IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Vedant Asset IPO will be done on Monday, October 10, 2022, and the allotted shares will be credited to your demat account by Wednesday, October 12, 2022. Check the Vedant Asset IPO allotment status.

The Vedant Asset IPO listing date is on October 12, 2022.
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Vedant Asset IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



71. NaveenK |   Link |November 27, 2022 2:22:03 PM
Vedant CEO gave an interview on Wealth fourm Tv
Date : 23ed Nov 2022
70. NaveenK |   Link |November 11, 2022 8:40:39 PM
Results on 14th
70.1. Takamichi |   Link |November 14, 2022 2:36:36 PM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Good result by vedant..... Let's hope there is buying after this.....
70.2. NaveenK |   Link |November 14, 2022 4:52:13 PM
Only stock in my portfolio which is not red today ( even after good results some of the stocks ( ex : silicon ) are red )

Its a good sign...lets hope it reaches to new high soon :)
69. Ravu |   Link |October 18, 2022 7:28:05 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Is Muhurat Trading day consider for circuit change ?
68. Rohan Bajaj |   Link |October 13, 2022 2:07:33 PM (200+ Posts)
Stuck after buying 1 lot @71.65. Please guide experts what to do now?
68.4. ultrasnow |   Link |October 14, 2022 5:28:51 AM
@ Rohan Bajaj, If you are not in urgent need of funds, be patient and hold. This seems like a decent company in an interesting line of business with no apparent peers for comparison. Zero debt and lead manager Hem (excellent track record) are other positives
68.5. Ravu |   Link |October 18, 2022 7:23:40 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Looks like script found bottom or it is near to that, some buying interest on today .
67. MRavichandran |   Link |October 12, 2022 12:34:53 PM
IPO Guru IPO Guru (2000+ Posts, 2600+ Likes)
Dear all,
I have bought 49 lots (some at pre-open, some at UC). Allotted 5 lots. Total:54 lots. for long term investment purposes.

67.19. MRavichandran |   Link |October 13, 2022 11:22:49 PM
IPO Guru IPO Guru (2000+ Posts, 2600+ Likes)
@Rohan Bajaj,
If you see my first message, I have mentioned clearly for long term purposes. I don’t bother short term dips when I invest.

My investment rationale in this company firstly Hem, secondly small company which has businesses like AMC, banking/ financial services, new initiative like mATM etc. possible to grow multifold over the years. I agree also that there is a high risk involved, possible erosion of investment. personally I have confidence, hence invested here.

It’s up to your risk taking abilities to decide your investment decisions or seek investment expert advise

Disclosure: my opinion could be biased as I have vested interest here. My investment decisions only few were right and this could be one of the few 🤞

67.20. Ravu |   Link |October 18, 2022 7:20:21 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
I believe many of your investment decision looks right.
I sold the Eighty Jewelers after waiting for so long and sold when it bounced back , I could have kept for some more time.

66. Abhisir |   Link |October 16, 2022 3:36:47 PM

Beneficial for vedant 👍
66.1. Ravu |   Link |October 18, 2022 7:15:33 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Thanks @Abhisir
65. Akhil IPO |   Link |October 11, 2022 9:12:15 PM
Allotted one lot after a long time.
@mravi, @noorul @lokes Do you have any update on vedant listing tomorrow? I came to know the listing is being preponed for tomorrow, but no confirmation here on CG.
Is it being done due to weak market sentiments due to recent correction and what effect it will have on its listing?
65.12. K.Atar |   Link |October 15, 2022 10:29:27 PM
IPO Mentor IPO Mentor (1000+ Posts, 700+ Likes)
Hello MK
Sorry for late reply.. things are well.. hope you are fine too.. being a bit busy .. hope I will visit Mumbai very soon and would like to meet (if possible and okay with you)
65.13. M.K. |   Link |October 15, 2022 11:43:28 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
@K Atar

It would be an honour to host you my friend. You don't even need to ask. 😊
64. Amit Surana |   Link |October 13, 2022 12:51:58 PM (400+ Posts)
Hats off to MRavi Sir ....

"tussi great ho tofa kabul karo"

63. Trueinfo |   Link |October 12, 2022 10:52:11 AM
IPO Guru IPO Guru (1800+ Posts, 1700 Likes)
Swastik listed at 66 against issue price 100. Huge loss.
63.1. Trueinfo |   Link |October 12, 2022 11:08:40 AM
IPO Guru IPO Guru (1800+ Posts, 1700 Likes)
Lesson: Do not blindly apply any SME IPO. And imagine, it was showing SBT 23000/-.
62. Justalearner |   Link |October 12, 2022 10:12:58 AM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Looks like another bumper listing..... equilibrium at present 75.90
62.3. Justalearner |   Link |October 12, 2022 10:54:52 AM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Today's both new SME listings indicative price at ₹65.... But emotions completely contrasting....
Gloom on swastik page.... Celebrations here
62.4. Justalearner |   Link |October 12, 2022 11:00:07 AM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
UC coming here
61. Hostpacker |   Link |October 12, 2022 10:48:15 AM
Listed @65 and It will hit UC and continue for next fews days.
MRavi Sir , Have you added or hold this stock ?
60. Trueinfo |   Link |October 12, 2022 10:46:46 AM
IPO Guru IPO Guru (1800+ Posts, 1700 Likes)
Strong listing at 65. UC almost sure, seeing very less sellers and large number of buyers.
59. Trueinfo |   Link |October 10, 2022 7:55:25 PM
IPO Guru IPO Guru (1800+ Posts, 1700 Likes)
Shares already credited in demat account. Looks like listing will be advanced to 12th.
59.1. Trueinfo |   Link |October 12, 2022 6:01:50 AM
IPO Guru IPO Guru (1800+ Posts, 1700 Likes)
Confirmed now.
58. Avenue |   Link |October 12, 2022 12:48:45 AM
@admin.. Vedant Asset listing has been preponded for 12th October 2022.
Please update the listing date so that members are made aware of this preponded listing.

58.1. ultrasnow |   Link |October 12, 2022 2:02:56 AM
@Avenue, Thanks, very timely and informative. Listing getting preponed is like a googly for retail investors. I wonder if it is deliberate so that only a select few can exit and book profit.
57. Varun Singh |   Link |October 11, 2022 6:13:29 AM
Again didnt get allotment.
Mujhe lagata hai kuch toh gadbad hai
Mujhe ek bhi ipo Naukri ipo ke baad mein nah laga.
57.1. Silent lion |   Link |October 11, 2022 2:39:30 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Nhi bhai koi gadbad nhi h... Me b SME me naya naya ghusa ha par... Meko most of recent alloted hua h..... Koi b setting k binA
57.2. Varun Singh |   Link |October 11, 2022 11:36:03 PM
@Silentlion Bro do u know when naukri ipo came from then i am applying for continously in good ipos and not getting it. sometimes 3 to 5 application in shni still not getting it.
56. kml |   Link |October 11, 2022 2:38:55 PM (300+ Posts)
Kisi ka paisa unblock hua upi mandate wale?
56.2. Modi Adani |   Link |October 11, 2022 5:41:02 PM (200+ Posts)
Please update here if you get your amount unblocked.
56.3. Modi Adani |   Link |October 11, 2022 9:06:24 PM (200+ Posts)
@kml did you get your mandate revoked?
55. Ripal mehta |   Link |October 11, 2022 9:03:12 PM
1lot allot of 22 lot
Sb2.....? premium
54. Saloni Cons. |   Link |October 11, 2022 9:00:06 PM
53. kml |   Link |October 11, 2022 11:46:53 AM (300+ Posts)
Kisi ko vedant ka mandate revock hua?
53.1. Modi Adani |   Link |October 11, 2022 1:32:31 PM (200+ Posts)
Not yet. Waiting for same.
52. Amit Jaipur |   Link |October 11, 2022 12:57:59 PM
IPO Guru IPO Guru (1300+ Posts, 1400+ Likes)
Isme bhi kuch haath nahi laga lekin koshish jaari rahegi.