Veefin Solutions Limited
Fixed Price Issue IPO · BSE
- Price band
- ₹82 - ₹82
- Lot size
- 1,600 shares
- Issue amount
- ₹46.73 cr
- Total subscription
- 2.46×
- Opens
- 22 Jun 2023
- Closes
- 26 Jun 2023
- Allotment
- 1 Jul 2023
- Listing
- 5 Jul 2023
Offer at a glance
Issue overview
- Issue size
- 56,99,200 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,31,200
- Fresh issue
- ₹23.37 cr
- Offer for sale
- ₹23.37 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,31,200
- Issue type
- Fixed Price Issue IPO
- Shares before issue
- 1,83,37,860
- Shares after issue
- 2,11,87,460
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,600 | ₹1,31,200 |
| HNI | 2 | 3,200 | ₹2,62,400 |
Share reservation
Subscription & GMP
Subscription by category
Subscription figures are awaiting publication.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Values |
|---|---|
| EPS | 0.48 |
| ROE | 13.42 |
| ROCE | 11.32 |
| RONW | 7.57 |
| PRE IPO(PE) | 41.41 |
| POST IPO(PE) | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Veefin Solutions Limited, incorporated in 2020 and based in Mumbai, is a technology company specializing in Digital Lending and Supply Chain Finance (SCF) solutions. The company operates through two main segments: Supply Chain Finance Technology Solutions, which streamlines financing processes and helps businesses manage cash flows efficiently, and Digital Lending Suite Solutions, which provides financial institutions with comprehensive tools to enhance lending operations and customer experience. Veefin Solutions serves a wide range of clients including banks, NBFCs, FinTechs, marketplaces, and corporates, such as Yes Bank, IndusInd Bank, Indian Bank, Citi Bank, BRAC, VP Bank, Riyadh Bank, Aditya Birla Capital, Mintifi, and Ambit Finvest. The company has been recognized for its innovation, receiving awards such as “Most Innovative Supply Chain Finance Solution” at the Fintech India Summit & Awards 2022 and “Solution of the Year 2021; SCF” at the Inflection Web Conference by Alden Global, CSCMP, SIMM & NASSCOM.
Promoters
Mr. Raja Debnath
Mr. Gautam Vijay Udani
Registrar & documents
Lead manager
Shreni Shares Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Off No-601, 602 & 603, Neelkanth Corporate IT Park, Kirol Road, Vidhyavihar (West), Mumbai – 400 086
+91 9004917712
[email protected]Company website ↗Understanding VEEFIN IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.