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VEDANTASSETSME / BSEListed

Vedant Asset Limited

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).

₹40 - ₹4049.07x sub
Listed Price65.00
Listing Gain+62.50%
TimelineFixed Price IPO
Open30 Sep 2022
Close04 Oct 2022
Allotment10 Oct 2022
Listing13 Oct 2022

Quota Reservation Portions

Market MakerPortion: 42,000 shares
5.6%
Nii (hni)Portion: 3,54,000 shares
47.2%
RetailPortion: 3,54,000 shares
47.2%

Minimum Application Bracket Matrix

Retail1 lots / 3,000 shares
₹1,20,000
HNI2 lots / 6,000 shares
₹2,40,000

About the Company

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).

Company Promoters

Mr. Lallit TripathiMrs. Priyanka Maheshwari

Registrar

Bigshare Services Private Limited