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Open
30 Sep to 4 Oct, 2022
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Close
30 Sep to 4 Oct, 2022
3
Allotment
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Listing
Wed, Oct 12, 2022
Price Band
₹40 per share
Issue Size
7,50,000 shares (agg. up to ₹3 Cr)
Lot Size
3,000 Shares
Listing Date
Wed, Oct 12, 2022
Latest GMP
₹16
Est. Gain
40%
✦ AI Insight
GMP Trend
12-10-2022₹16Est. ₹56+40%
11-10-2022₹16Est. ₹56+40%
10-10-2022₹16Est. ₹56+40%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 49.16x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|
| Assets | 2.55 | 2.39 | 0.83 |
| Total Income | 1.67 | 1.13 | 0.61 |
| Profit After Tax | 0.14 | 0.09 | 0.03 |
| NET Worth | 2.28 | 2.14 | 0.05 |
| Reserves and Surplus | 0.27 | 0.13 | 0.04 |
| Total Borrowing | 0.00 | 0.17 | 0.74 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Prudent Corporate Advisory Services Ltd. | Mainboard | ₹428.28 Cr | ₹630 | 33.94 | ₹561.75 | -10.83% | ₹2,863.70 (-2.40%) |
| Anand Rathi Wealth Ltd. | Mainboard | ₹659.38 Cr | ₹550 | null | ₹583.55 | +6.10% | ₹2,079.60 (-0.11%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Financing the expenditure for Business Expansion | 1.07 |
| 2 | To meet working capital requirements | 1.30 |
| 3 | General Corporate Purpose | 0.22 |
About Vedant Asset IPO
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
Contact Details
Vedant Asset Ltd. Address3 rd FloorGayways HousePee Pee CompoundRanchi, Jharkhand, 834001+91 0651-3594782cs@vedantasset.comVisit Website