Veritas Finance IPO
Veritas Finance IPO details are yet to be announced. Information on price band, issue size, and IPO dates will be updated once available.
Veritas Finance Limited IPO
- Minimum Investment
- —
- Issue size
- ₹0 Cr
- Listing At
- BSE, NSE
IPO timeline
-
TBA
Open Date
Upcoming
-
TBA
Close Date
Upcoming
-
TBA
Allotment Date
Upcoming
-
TBA
Listing Date
Upcoming
Veritas Finance IPO Essentials
Veritas Finance IPO Details
Veritas Finance IPO has a total issue size of ₹2800 Crores Approx and will be listed on BSE, NSE. Price band & Lot size details are yet to be announced.
- Issue price
- To be announced
- Lot size
- To be announced
- Face value
- ₹10 Per Equity Share
- Issue size
- ₹2800 Crores Approx
- Listing at
- BSE, NSE
- Listing date
- To be announced
- Registrar
- Kfin Technologies Limited
- Lead manager
-
ICICI Securities Limited, Hdfc Bank Limited, Jefferies India Private Limited, Kotak Mahindra Capital Company Limited
Veritas Finance IPO Details
- Retail Portion 35%
Veritas Finance IPO Documents
Veritas Finance IPO Analytics
Veritas Finance Valuations
Veritas Finance Financials( In Crs.)
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 6,421.59 | 4,086.28 | N/A |
| Revenue | 1,117.49 | 680.8 | N/A |
| Profit After Tax | 245.05 | 176.4 | N/A |
| Net Worth | 2,329.55 | 1,591.26 | N/A |
| Reserves & Surplus | 2,187.16 | 1,464.03 | N/A |
| Total Borrowing | 3,995.81 | 2,425.32 | N/A |
Veritas Finance Company & Offer Insights
About Veritas Finance
Established in 2015, Veritas Finance Limited is a Reserve Bank of India registered Non-banking financial company (NBF).
Being a diversified, retail NBFC, the company mainly provides small business loans to MSMEs and self-employed individuals and has diversified further into home loans and second-hand commercial vehicle loans.The company bridges the credit gap of financially underserved MSMEs and individuals by providing products such as working capital loans, housing loans, used commercial vehicle loans, and small business loans. The company procures lead for Rural Business and Working Capital Loans in-house and employs direct selling agents for Affordable Home and Used Commercial Vehicle Loans, where 88.67% of loans are procured in-house.
The company has a distribution network of 424 branches in 10 states and one union territory in India, with high density in Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, and West Bengal.As of September 30, 2024, the company has relationships with 36 lenders and 11 holders of debt securities, comprising banks, mutual funds, NBFCs, and alternate investment funds.
As of September 30, 2024, the company has 7,704 full-time employees on payroll.
Veritas Finance IPO Issue Objectives
- •
- The Company proposes to utilise the Net Proceeds from the Fresh Issue towards augmenting the capital base to meet future business requirements of the Company towards onward lending.
Contact Information
Contact Details
Veritas Finance
+91 044 4615 001
SKCL Central Square 1, South and North Wing, 7th Floor, Unit # C28 - C35, CIPET Road, Thiru Vi, Thiru Vi ka Industrial Estate, Chennai, Tamil Nadu, 600032
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
Frequently Asked Questions
Click any question to reveal the answer
Veritas Finance IPO details are yet to be announced. Information on price band, issue size, and IPO dates will be updated once available.
The price details for Veritas Finance IPO are not available yet.
The lot size of Veritas Finance IPO is not announced yet.
The minimum investment for Veritas Finance IPO is not announced yet .
Veritas Finance IPO opening and closing dates are not announced yet. We will update the Veritas Finance IPO opening and closing dates as soon as they are available.
Veritas Finance IPO allotment date is not announced yet. We will update the Veritas Finance IPO allotment date as soon as it is available.
Veritas Finance IPO listing date is not announced yet. We will update the Veritas Finance IPO listing date as soon as it is available.
The Grey market premium (GMP) for Veritas Finance IPO indicates market sentiment and potential listing expectations based on unofficial trading activity.
Veritas Finance IPO valuation snapshot: P/E N/A, EPS ₹/-, P/B N/A, RoNW %, and market cap N/A.
To apply for Veritas Finance IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Veritas Finance IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Veritas Finance IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Veritas Finance IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Veritas Finance IPO allotment status on IPO Ji for quick and easy access.