Veritas Finance Limited IPO

BSE, NSE

Offer Date Coming Soon

₹ NaN /N/A Shares

Veritas Finance IPO Details

TBA

Open Date

TBA

Close Date

TBA

Allotment Date

TBA

Listing Date

Issue Price

₹N/A per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Kfin Technologies Limited

Market Lot

N/A Shares (₹N/A/-)

Lead Manager

ICICI Securities Limited
Hdfc Bank Limited
Jefferies India Private Limited
Kotak Mahindra Capital Company Limited

Issue Size

₹2800 Crores Approx

Retail Portion

35%

Subscription

N/A times

IPO Docs

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 , Hdfc Bank Limited , Jefferies India Private Limited , Kotak Mahindra Capital Company Limited , Nuvama Wealth Management Limited are acting as the Book Running Lead Managers for this IPO. , while Kfin Technologies Limited, is the registrar to the issue.

Veritas Finance Valuations

EPS Pre IPO

₹/-

EPS Post IPO

₹/-

P/E Pre IPO

P/E Post IPO

ROE

ROCE

Debt/Equity

RoNW

PAT Margin

Price to Book Value

Veritas Finance Company Financials All values are in ₹ Cr.

	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

About The 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.

Veritas Finance - Promoter(s)

Pre Issue Share Holding: N/A%

Post Issue Share Holding: N/A%

Company Promoter(s)

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.

Other Details

Company 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

Phone: +91 044 4615 001

Email: cs@veritasfin.in

Website: https://www.veritasfin.in/

Registrar Contact Details

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: veritas.ipo@kfintech.com

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

Veritas Finance IPO - FAQs

Ans. Veritas Finance Limited IPO is a Upcoming IPO. The issue is priced at ₹N/A per equity share. The minimum order quantity is N/A Shares. The IPO opens on TBA, and closes on TBA. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Veritas Finance Limited IPO opens on TBA and closes on TBA.

Ans. The size of Veritas Finance Limited IPO is ₹2800 Crores Approx.

Ans. The IPO price band is set between ₹N/A per equity share.

Ans. To apply for Veritas Finance Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Veritas Finance Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Veritas Finance Limited IPO is TBA.

Ans. The Veritas Finance Limited IPO will be listed on TBA.

Ans. Follow the steps to check the allotment status for Veritas Finance Limited IPO here.