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Vedant Asset IPO is a Fixed Price IPO listing on BSE SME exchange. The company is based in Ranchi and caters to Banking And Finance sector. Hem Securities is the merchant banker of Vedant Asset IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 10th September 2022.
Vedant Asset IPO open date is 30th September 2022 and close date is 4th October 2022. IPO Allotment Date is 10th October 2022 and Listing date is 12th October 2022.
IPO
Size:
₹ 3.00 Cr.
Avg IPO Size (Sector Based)
: ₹
22.12 cr.
Sector: Banking And Finance
SME
IPO so far:
53
Merchant Banker:
Hem Securities
SME
IPO by BRLM so far:
126
City:
Ranchi
SME
IPO so far:
3
Revenue (annualised):
₹
1.67
cr. 
PE
Ratio:
80.00x
Average Sector PE Ratio: 17.91x
Vedant Asset IPO size is ₹ 3.00 Cr. with IPO price of ₹ 40.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Hem Securities Limited is the book-running lead manager of the Vedant Asset IPO. Bigshare Services Private Limited is the Registrar and Market Maker is Hem Securities Limited for Vedant Asset IPO.
Vedant Asset IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Vedant Asset IPO, based in Ranchi, operates in the Banking And Finance sector with a focus on Provides Banking Services. The company is launching its SME IPO on the BSE SME exchange, using the Fixed Price Issue method. Vedant Asset IPO size is ₹ 3.00 Cr. with fresh issue size of ₹ 3.00 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for Vedant Asset IPO is expected to be 10th October 2022, after the finalization of basis of allotment. Investors can check Vedant Asset IPO allotment status on the registrars website, Bigshare Services Private Limited. Vedant Asset IPO refund dates are 11th October 2022.
Vedant Asset IPO is expected to be listed on 12th October 2022.
The upper price band for the Vedant Asset IPO is set at ₹ 40.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Vedant Asset IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Vedant Asset IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 4th October 2022. After submission, funds are blocked until the basis of allotment of Vedant Asset IPO is finalised.
The merchant banker for Vedant Asset IPO is Hem Securities Limited . Hem Securities Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Vedant Asset IPO RHP for further details.
The registrar for Vedant Asset IPO is Bigshare Services Private Limited. Investors can go to Bigshare Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Vedant Asset IPO through their official website or helpline.
Vedant Asset IPO was subscribed 49.07 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 3.00 Cr.
Avg IPO Size (Sector Based)
:
₹ 22.12 Cr.
Sector: Banking And Finance
SME
IPO so far:
53
Merchant Banker:
Hem Securities
SME
IPO by BRLM so far:
126
City:
Ranchi
SME
IPO so far:
3
Revenue (annualised):
₹ 1.59 cr.
PE
Ratio:
80.00x
Average Sector PE Ratio: 17.91x
Vedant Asset IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Vedant Asset Financial Review Page
Merchant Banker(s) of Vedant Asset IPO: Hem Securities Limited
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 48.95.
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