Vedant Asset Ltd - IPO

Vedant Asset Ltd IPO Details

Initial public offer of upto 7,50,000 equity shares of face value of Rs. 10/- each (the Equity Shares) of Vedant Asset Limited (The Company or The Issuer) at an issue price of Rs. 40 per equity share for cash, aggregating up to Rs. 3.00 crores (public issue) out of which 42000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 40 per equity share for cash, aggregating Rs. 0.17 crores will be reserved for subscription by the market maker to the issue (the market maker reservation portion). the public issue less market maker reservation portion i.e. issue of 708000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 40 per equity share for cash, aggregating upto Rs. 2.83 crores is here in after referred to as the Net Issue. The public issue and net issue will constitute 27.16% and 25.64 % respectively of the post- issue paid-up equity share capital of the company.The face value of the equity shares is Rs. 10 each and the issue price is Rs. 40 per equity share. The issue price is 4 times the face value.Minimum application size of 3000 equity shares and in multiples of 3000 equity shares thereafter.

Objective of issue

Financing the expendditure for business expansion. To meet working capital requirements. General corporate purposes.

Vedant Asset Ltd Contact Details

Vedant Asset Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - info@vedantasset.in

Website - www.vedantasset.com