Vedant Asset Limited
IPO Details
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Lot Distribution
Reservation
Company Fin.
₹16(40.00%)
Premium (ELP)
Vedant Asset Limited's successfully completed its Initial Public Offering and commenced trading on Oct 13, 2022 at the BSE exchange. The company raised 7,50,000 Shares through this public offering, comprising 7,50,000 Shares in fresh capital.
The IPO was priced within the band of ₹40 to ₹40, with minimum application lots of 3000 shares. The offering attracted significant investor interest during its subscription period from Sep 30, 2022 to Oct 04, 2022.
Share allotment was finalized on Oct 10, 2022, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
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).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- 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.
NA
- Mr. Lallit Tripathi
- Mrs. Priyanka Maheshwari
Vedant Asset Limited
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