
Financial Services · BSE
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).
Price Band
₹40
Issue Size
₹3.00 Cr
Lot Size
3000 shares
GMP
+40.0%
Est. Listing
₹56
at current GMP
Subscribed
49.07x
overall
Open
30 Sep 2022
Close
4 Oct 2022
Allotment
10 Oct 2022
Refund
11 Oct 2022
Demat Credit
12 Oct 2022
Listing
13 Oct 2022
Designated Registrar: Bigshare Services Private Limited
Allotment Date
10 Oct 2022
Basis finalization
Refunds Initiate
11 Oct 2022
Mandate release
Demat Credit
12 Oct 2022
Shares in demat
Listing Debut
13 Oct 2022
Trading begins
Vedant Asset Limited is bringing an initial public offering (IPO) in the Financial Services sector with an aggregate issue size of ₹3 Crores. The shares are offered at a price band of ₹40 to ₹40 per equity share on BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 3000 shares (approx. ₹1,20,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2022-10-12, while un-allotted funds or UPI block mandates will be released on 2022-10-11.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.