Veefin Solutions Limited IPO

BSE SME

Listed On: Jul 5, 2023 at ₹ 86.05

₹ 131200 /1600 Shares

Check Allotment

Veefin Solutions Limited IPO Details

22 Jun, 2023

Open Date

26 Jun, 2023

Close Date

30 Jun, 2023

Allotment Date

05 Jul, 2023

Listing Date

Issue Price

₹82 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE SME

Registrar

Bigshare Services Pvt Ltd

List Price

86.05

Listing Date

2023-07-05

Market Lot

1600 Shares (₹131,200/-)

Lead Manager

Shreni Shares Private Limited

Issue Size

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)

Retail Portion

N/A

Subscription

2.52 times

IPO Docs

Veefin Solutions Limited IPO Subscription Details

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 All values are 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 The 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.

Veefin Solutions Limited - Promoter(s)

Pre Issue Share Holding: 84.34%

Post Issue Share Holding: %

Company Promoter(s)

Mr. Raja Debnath
Mr. Gautam Vijay Udani

Veefin Solutions Limited IPO - Issue Objectives

Global sales and marketing expenditure
Developing new products or enhancement and maintenance, upgrading or updating existing products
General Corporate Purpose.

Veefin Solutions Limited IPO - FAQs

Ans. Veefin Solutions Limited IPO is a SME IPO. The issue is priced at ₹82 per equity share. The minimum order quantity is 1600 Shares. The IPO opens on Jun 22, 2023, and closes on Jun 26, 2023. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Ans. The Veefin Solutions Limited IPO opens on Jun 22, 2023 and closes on Jun 26, 2023.

Ans. The size of Veefin Solutions Limited IPO is 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).

Ans. The IPO price band is set between ₹82 per equity share.

Ans. To apply for Veefin Solutions Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Veefin Solutions 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 Veefin Solutions Limited IPO is Jun 30, 2023.

Ans. The Veefin Solutions Limited IPO will be listed on Jul 5, 2023.

Ans. Follow the steps to check the allotment status for Veefin Solutions Limited IPO here.