247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

Vedant Asset Limited IPO (Vedant Asset IPO) Details

Vedant Asset Limited is an Banking And Finance based company, located in Ranchi, Vedant Asset Limited IPO size was 3.00 Cr. and was issued at 40.00 per share. The share of Vedant Asset Limited were listed at 68.25 per share and are currently trading at 78.33 per share.

Type :
Sub Sector :
SME IPO
BSE SME

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
1.67 Cr.

PAT :
0.14 Cr.

Pricing Report

Issue Price :
40.00

Listing Price :
68.25

Current Market Price :
78.33

Issue Price vs CMP :
38.33 (95.83%)

listing Price vs CMP :
10.08 (14.77%)

Performance Report (CAGR* wise)

CAGR : 34.29
-ve 0 6 9 12+
Above Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

About Vedant Asset

Company Information
Vedant Asset 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 their Mutual fund distribution business. Their Vedant Mitra Kendra acts as Banking - Customer services Point (CSPs) to fulfil 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. They are also looking towards expanding
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Object of Issue
  • Financing the expenditure for Business Expansion
  • To meet working capital requirements
  • General Corporate Purpose
  • To meet issue expenses

Vedant Asset SME IPO Details (at the time of IPO)

IPO Type :
Fixed Price
IPO Date :
Oct, 2022
IPO Size :
3.00 Cr.
Market Cap :
11.05 Cr.   
IPO Subscription :
49.07 X     
PE Multiple :
80.00
Merchant Banker :
Hem Securities Limited
IPO Registrar:
Bigshare Services Private Limited
Anchor Investors:

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FAQs

Vedant Asset operates in Banking And Finance and . The Issue is listed on BSE SME in Oct, 2022. Vedant Asset IPO size was 3.00 Cr. with Issue price of 40.00 .

Vedant Asset IPO subscription was 49.07 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Vedant Asset IPO listed at a listing price of 68.25 against the offer price of 40.00.

The current market price of Vedant Asset is 78.33.

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