Mining conglomerate Vedanta recently underwent a mega demerger, with its share price now reflecting the value excluding the four new companies which spun out of it. While investors continue to trade Vedanta shares, they await the listing of the four new companies.In April, Vedanta announced that each of its eligible shareholders will get one share each of Vedanta Aluminium Metal (VAML), Talwandi Sabo Power (to be renamed Vedanta Power), Malco Energy (to be renamed Vedanta Oil and Gas) and Vedanta Iron and Steel for every share held in the parent company. This marked one of the biggest corporate restructurings in India’s metals and mining sector.Vedanta set May 1 as the record date for the demerger. Since it was a market holiday on account of Maharashtra Day, the shares of the company adjusted to the demerger on April 30, appearing to have crashed more than 63% in one single day.Eligible shareholders saw the Vedanta shares in their demat accounts significantly reduce in value as a result of the adjustment. While the four new unlisted stocks were added to their demat accounts, they cannot begin trading in them as they are yet to make their market debut. They currently appear under the “temporary ISIN” or “unlisted” section with no live market price.When will the four new stocks list on BSE and NSE?During an investor call late in April, Vedanta Resources CEO Deshnee Naidoo said that the company will file with stock exchanges soon for listing approval of its demerged entities, with shares expected to list and commence trading by mid-June. "In the next week, we will be filing with the exchanges for listing approval. The shares of the resulting companies are expected to list and commence trading by mid-June," she said.Nuvama Institutional Equities in a recent report said that while the exact dates for four listings are unknown so far, the recent large demergers like Tata Motors CV, Siemens Energy, ITC Hotels, Jio Financial Services, Piramal Pharma and NMDC Steel can indicate that listing timelines can range from 3 weeks to several months, depending on regulatory and operational factors.Nuvama set target prices for the soon-to-be-listed demerged entities. “We value Vedanta (zinc and copper) at Rs 336/share, aluminium at Rs 477/share, oil & gas at Rs 47/share, steel & iron ore at Rs 30/share and power at Rs 47/share,” it said.Vedanta share priceWhile investors await the four new listings, the share price of the now-demerged Vedanta continues to rise. The stock has now gained nearly 12% since adjusting to the demerger, closing at Rs 323.35 apiece on NSE on Wednesday.The company currently has a market capitalisation of nearly Rs 1.27 lakh crore.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)