IPO

Veefin Solutions Limited IPO

BSE SME

Listed On: Jul 5, 2023 at ₹ 86.05

₹ 262400 /3200 Shares
*Min Investment

Check Allotment

22 Jun, 2023

Open Date

26 Jun, 2023

Close Date

30 Jun, 2023

Allotment Date

05 Jul, 2023

Listing Date
Veefin Solutions Limited IPO Issue Details
  • Issue Price ₹82 per equity share
  • Face Value ₹10 Per Equity Share
  • Issue Price Total Issue Size: 5,699,200 shares(aggregating up to ₹46.73 Cr)

    #Fresh Issue: 2,849,600 shares(aggregating up to ₹23.37 Cr)

    #Offer for Sale: 2,849,600 shares of ₹10(aggregating up to ₹23.37 Cr)
  • Listing at BSE SME
  • List Price 86.05
  • Listing Date 2023-07-05
  • Lead Manager Shreni Shares Private Limited
  • Registrar Bigshare Services Pvt Ltd
Veefin Solutions Limited IPO Details
  • Retail Portion N/A
Veefin Solutions Limited IPO Documents
Veefin Solutions Limited IPO Details


Veefin Solutions Limited IPO is an SME IPO, priced at ₹82 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform.

The IPO bidding window is open from Jun 22, 2023 to Jun 26, 2023. The allotment is expected to be finalized on Jun 30, 2023, and the tentative listing date is Jul 5, 2023.


The registrar of the IPO is Bigshare Services Pvt Ltd, and

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Veefin Solutions Limited IPO Subscription Analysis And Details
Retail
1.65x
Total
2.52x
As on QIB / NII Retail Total
Shares Offered / Reserved 2,705,600 2,705,600 5,411,200
Day 1 22-06-23 06:00 PM
0.80 x 0.20 x 0.50 x
Day 2 23-06-23 06:00 PM
1.48 x 0.59 x 1.05 x
Day 3 26-06-23 06:00 PM
3.38 x 1.65 x 2.52 x
Veefin Solutions Limited Valuations
Earnings Per Share (EPS) ₹N/A/-
P/E Ratio N/A
RoNW N/A%
Net Asset Value (NAV) - Post Issue ₹N/A/-
Veefin Solutions Limited Company Financials
In Lakhs
In Lakh
31-Jan-23 31-Mar-22
Assets 4,821.70 1,607.93
Revenue 1,262.36 655.19
Profit After Tax 350.02 70.01
About Veefin Solutions Limited Company

Veefin Solutions Limited is a Digital Lending and Supply Chain Finance (SCF) technology product solutions company based in Mumbai.

Veefin Solutions has two main segments:
Supply Chain Finance Technology Solutions
Digital Lending Suite Solutions

The Supply Chain Finance Solutions segment is focused on providing technology-driven financing solutions that can streamline supply chain financing processes and help businesses manage their cash flow more effectively.

The Digital Lending Suite Solutions segment is designed to provide financial institutions with a comprehensive suite of solutions that help them improve their lending operations and deliver a better customer experience.

Veefin Solutions' client list includes Banks, Non-Banking Financial Institutions, FinTech, Marketplaces, and Corporates such as Yes Bank, IndusInd Bank, Indian Bank, Citi Bank, BRAC, VP Bank, Riyadh Bank, Aditya Birla Capital, Mintifi, Ambit Finvest, and others.

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Veefin Solutions Limited - Promoter(s)

Mr. Raja Debnath

Mr. Gautam Vijay Udani

Pre Issue Share Holding : 84.34%

Post Issue Share Holding : %

Veefin Solutions Limited IPO - Issue Objectives
1

Global sales and marketing expenditure

2

Developing new products or enhancement and maintenance, upgrading or updating existing products

3

General Corporate Purpose.