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| IPO Listing At | BSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹3.00 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹3.00 Cr |
| Fresh Issue | ₹2.83 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹40.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 543623 |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Hem Securities Ltd. |
| Allotment Status | |
| DRHP |
| RHP |
| Final Prospectus |
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 ₹0 A/C Opening₹0 AMC Trading Account ₹20F&O Trade ₹20Delivery FreeIPO Apply Open Free Account → |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 3,000 shares and in multiples thereof
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 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:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | 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 |
| 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 | |||
| KPI | |
|---|---|
| RoNW | 6.05% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 0.69 | |
| P/E (x) | 80 | |
| Promoter Holding | 99.99% | 72.83% |
| Market Cap | ₹11.05 Cr. | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fee | 0.15 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.03 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.04 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.02 |
| 6 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.03 |
| 7 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees*, Underwriting fees and Miscellaneous Expenses) | 0.15 |
Last Updated on 13-May-2026 10:31:38
