Vedant Asset Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

30 Sep 2022

Close Date

04 Oct 2022

Allotment

10 Oct 2022

Listing Date

12 Oct 2022

Exchange

BSE SME

Price Band

₹40

Listing Price

See chart

Allotment Status

Check Now →

Price Band

₹40

Per share

Face Value

₹10 per share

Lot Size

3,000 Shares

per lot

Issue Size

7,50,000 shares (aggregating up to ₹3.00 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹120,000

1 lot

Pre-IPO Holding

20,11,600 shares

Promoters

Post-IPO Holding

27,61,600 shares

Promoters

P/E (Pre)

80x

UPI Deadline

2022-10-04

Mandate

Anchor AllotmentThu, 29 Sep 2022

Basis of AllotmentMon, 10 Oct 2022

Refund InitiationTue, 11 Oct 2022

Demat CreditWed, 12 Oct 2022

Listing DayWed, 12 Oct 2022

UPI Mandate Deadline2022-10-04

Sale TypeFresh Capital

Net Offer to Public7,08,000 shares (aggregating up to ₹2.83 Cr)

Market Maker Quota42,000 shares (aggregating up to ₹0.1680 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Vedant Asset Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 04 Oct 2022.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	42,000	—	₹0.17
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	750,000	100%	₹3.00

IPO Shares Offered

Vedant Asset Ltd. IPO total issue size: ₹3.00 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	42,000	₹0.17	5.60%
Total	750,000	₹3.00	100.00%

* Based on upper price band ₹40 per share

Lot Size & Investment

Lot Size

3,000

Shares per Lot

Issue Price

₹40.00

Upper Band

Min Investment

₹120,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	6,000	₹240,000
Retail (Max — 13 Lots)	13	39,000	₹1,560,000
S-HNI (Min — 14 Lots)	14	42,000	₹1,680,000
B-HNI (Min — 68 Lots)	68	204,000	₹8,160,000

* Issue Price ₹40 × Lot Size 3,000 shares

IPO Schedule

Anchor

29 Sep 2022

✓ Done

IPO Open

30 Sep 2022

✓ Done

IPO Close

04 Oct 2022

✓ Done

Allotment

10 Oct 2022

✓ Done

Refunds

11 Oct 2022

✓ Done

Demat Credit

12 Oct 2022

✓ Done

Listing Day

12 Oct 2022

✓ Done

₹40.00

INR · BSE

Fetching…

vs Issue Price

—

OPEN

—

HIGH

—

LOW

—

MKT CAP

—

P/E

—

52W HIGH

—

52W LOW

—

VOLUME

—

DIVIDEND

—

DIV YIELD

—

Loading…

Chart Not Available

Try again 2–3 days after listing.

Issue ₹40.00 Live Price

About Vedant Asset Ltd.

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 ExpertiseTeam to support business GrowthExperienced & Qualified Management Team

Objects of the Issue

1 Financing the expenditure for Business Expansion

2 To meet working capital requirements

3 General Corporate Purpose

Vedant Asset Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹167.2

31-Mar-22

₹113.5

31-Mar-21

₹61.2

31-Mar-20

Profit After Tax (PAT)

₹13.8

31-Mar-22

₹8.7

31-Mar-21

₹3.4

31-Mar-20

Particulars	31-Mar-20	31-Mar-21	31-Mar-22
Revenue from Operations	61.23	113.47	167.23
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	3.40	8.68	13.81
Net Worth	5.38	214.22	228.03
Total Assets	83.13	239.16	254.63
Reserves & Surplus	4.38	13.06	26.87
Borrowings	74.32	17.40	0.00
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered7,50,000 (100.00%)

Net Offer to Public7,08,000 shares (aggregating up to ₹2.83 Cr)

Reserved for Market Maker42,000 shares (aggregating up to ₹0.1680 Cr)

Pre-Issue Promoter Holding20,11,600 shares

Post-Issue Promoter Holding27,61,600 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd.

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

Check Allotment

Book Running Lead Managers

Hem Securities Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Vedant Asset Ltd. IPO subscribed? ▲

Vedant Asset Ltd. IPO is subscribed 1.00 times by Oct 04, 2022. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Vedant Asset Ltd. IPO retail subscription status? ▼

The Vedant Asset Ltd. IPO retail category is subscribed 1.00 times as of 04 Oct 2022. The retail portion is oversubscribed.

How to subscribe Vedant Asset Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 30 Sep 2022 and closes 04 Oct 2022. Min investment: ₹120,000 (1 lot = 3,000 shares). UPI mandate: 2022-10-04.

How many times Vedant Asset Ltd. IPO subscribed? ▼

The Vedant Asset Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Vedant Asset Ltd. IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd.) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 10 Oct 2022. Refunds: on 11 Oct 2022.

When Vedant Asset Ltd. IPO will be listed? ▼

The Vedant Asset Ltd. IPO listing date is 12 Oct 2022, Wednesday. Listed on: BSE SME. Issue price: ₹40. Estimated listing: ₹40. GMP: NIL.

When Vedant Asset Ltd. IPO close? ▼

The Vedant Asset Ltd. IPO closes on 04 Oct 2022, Tuesday. UPI mandate: 2022-10-04. Allotment: 10 Oct 2022. Listing: 12 Oct 2022.

Quick Actions

Check Allotment

Live Price LIVE

Last Price₹40.00

Change—

Issue Price₹40.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹40

Face Value₹10

Lot Size3,000 Sh

Min. Amount₹120,000

GMPNIL

Est. Listing₹40

Subscribed1.00x

Open Date30 Sep 2022

Close Date04 Oct 2022

Allotment10 Oct 2022

Listing Date12 Oct 2022

ExchangeBSE SME

UPI Deadline2022-10-04