Presentation–
1)Vedant Asset IPo Review
2)Promoters of Vedant Asset
3)Vedant Asset IPO Details
4)Strengths:
5)Vedant Asset Financial Performance
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.
Its Vedant Mitra Kendra acts as Banking – Customer Services Points (CSPs) to fulfill all the necessary banking requirements of the people, Adhaar enabled payment system, Direct Money Transfer (DMT), investment in Mutual Funds – mPOS, PAN related services, Insurance services, Loan services and recharge services along with Air, rail and Bus ticketing, etc.
Vedant Asset Limited is a leading financial services network. They handle more than 100 Crore’s of AUM and over 500 Clients. We offer an array of services ranging from Mutual Funds to Investments, Insurance, Loans, Payments, etc.https://allideass.com
The services offers by Vedant Mitra:–
- Account Opening
- Deposit/Withdrawal Services
- Other Banking Services
- Mutual Fund investment
- Insurance Loan through Banks and NBFCs
- Adhaar enabled payment System
- Direct Money Transfer services Vedantpay (mATM)
- M-POS (PAN & Adhaar)
- Bill Payments & recharge
- Ticketing and Touring
Promoters of Vedant Asset –
Mr. Lallit Tripathi and Mrs. Priyanka Maheshwari
Competitive Strengths:–
- Strong product tie-ups and Multi-product support.
- Single point solution.
- Technology & Integration Expertise
- Team to support business Growth
- Experienced & Qualified Management Team
Objects of the Issue:–
- Financing the expenditure for Business Expansion.
- To meet working capital requirements.
- To meet issue expenses.
- General Corporate Purposes
Vedant Asset Financial Performance—
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 83.13 | 61.23 | 3.4 | 5.38 | 4.38 | 74.32 |
| 31-Mar-21 | 239.16 | 113.47 | 8.68 | 214.22 | 13.06 | 17.4 |
| 31-Mar-22 | 254.63 | 167.23 | 13.81 | 228.03 | 26.87 | 0 |
| Amount in ₹ Lakhs |
Vedant Asset IPO Timetable–
| Event | Date |
|---|---|
| Vedant Asset IPO Opening Date | Sep 30, 2022 |
| Vedant Asset IPO Closing Date | Oct 4, 2022 |
| Basis of Allotment | Oct 10, 2022 |
| Initiation of Refunds | Oct 11, 2022 |
| Credit of Shares to Demat | Oct 12, 2022 |
| Vedant Asset IPO Listing Date | Oct 13, 2022 |
Vedant Asset IPO Details–
| Vedant Asset IPO Open: | September 30, 2022 |
| Vedant Asset IPO Close: | October 4, 2022 |
| Vedant Asset IPO Size: | Approx ₹3.00 Crores, 750,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| Vedant Asset IPO Price Band: | ₹40 Per Equity Share |
| Vedant Asset IPO Listing on: | BSE SME |
| Retail Quota: | 50% of the net offer |
| NII Quota: | 50% of the net offer |
Valuations & Margins—
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 0.86 | 0.43 | 0.69 |
| PE ratio | – | – | 57.97 |
| RONW (%) | 63.17 | 4.05 | 6.05 |
| NAV | 1.37 | 10.65 | 11.34 |
IPO Market Lot—
| Minimum IPO Lot Size: | Minimum 3000 shares for 1 lot |
| Minimum Amount: | ₹120,000 for 1 lot |
Promoter Holding–
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 72.83% |
Company Address–
Vedant Asset Limited—
3 rd Floor, Gayways House,
Pee Pee Compound,
Ranchi, Jharkhand 834001
Phone: +91 0651-3594782
Email: [email protected]
Website: http://www.vedantasset.com
Vedant Asset IPO FAQs–
What is Vedant Asset IPO ?
Vedant Asset IPO is a SME IPO of 750,000 equity shares of the face value of ₹10 up to ₹3.00 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000 Shares.
What is Vedant Asset IPO?
Vedant Asset IPO is a BSE SME IPO. They are going to raise ₹3.00 Crores via IPO. The issue is priced at ₹40 per equity share. The IPO is to be listed on BSE.
What is Vedant Asset IPO Investors Portion?
The investors’ portion for NII is 50%, and Retail is 50%.