IPO

Veritas Finance Limited IPO

BSE, NSE

Offer Date Coming Soon

₹ NaN /N/A Shares

TBA

Open Date

TBA

Close Date

TBA

Allotment Date

TBA

Listing Date
Veritas Finance IPO Issue Details
  • Issue Price ₹N/A per equity share
  • Face Value ₹10 Per Equity Share
  • Listing at BSE, NSE
  • Lead Manager ICICI Securities Limited
    Hdfc Bank Limited
    Jefferies India Private Limited
    Kotak Mahindra Capital Company Limited
  • Registrar Kfin Technologies Limited
Veritas Finance IPO Details
  • Retail Portion 35%
Veritas Finance IPO Documents
DRHP
Veritas Finance IPO Details


Veritas Finance Limited IPO is an upcoming book-building Mainboard IPO with a total issue size of ₹N/A crores. and a face value of ₹10 Per Equity Share each

The IPO dates, including opening and closing, are yet to be announced. The price band for the issue is also awaited

The allotment date and listing timeline will be updated once officially declared

ICICI Securities Limited are acting as the Book Running Lead Managers for this IPO. , while Kfin Technologies Limited, is the registrar to the issue.

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Veritas Finance Valuations
EPS Pre IPO ₹/-
EPS Post IPO ₹/-
Veritas Finance Company Financials
In Crs.
In Cr.
31-Mar-2431-Mar-2331-Mar-22
Assets6,421.594,086.28N/A
Revenue1,117.49680.8N/A
Profit After Tax245.05176.4N/A
Net Worth2,329.551,591.26N/A
Reserves & Surplus2,187.161,464.03N/A
Total Borrowing3,995.812,425.32N/A
About Veritas Finance Company

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.

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Veritas Finance - Promoter(s)

Pre Issue Share Holding : N/A%

Post Issue Share Holding : N/A%

Veritas Finance IPO - Issue Objectives
1

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 Details

Veritas Finance

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

+91 044 4615 001

cs@veritasfin.in

https://www.veritasfin.in/

Registrar Contact Details

Kfin Technologies Limited

04067162222, 04079611000

veritas.ipo@kfintech.com

https://kosmic.kfintech.com/ipostatus/