Veefin Solutions IPO Date, Review, Price, Allotment Details

Vijay Prajapati
July 5, 2023

Vijay Prajapati

Veefin Solutions IPO Details: Veefin Solutions IPO date is fixed, The IPO will open on June 22 and will close on June 26. Veefin Solutions is an BSE SME IPO to raise ₹46.73 crores via IPO. The Veefin Solutions IPO price band is fixed at ₹82 with a market lot of 1600 shares.

Veefin Solutions Limited is one of the best financial products and digital solutions provider companies in India, having 12 years of experience. It is Incorporated in 2020. They are providing speed-to-market solutions for all your business needs. its cutting-edge technology available to clients of all sizes.

This Mumbai-based company Veefin Solutions is a Digital Lending and Supply Chain Finance (SCF) technology product solution for your all need. They are expanding their business in India and Bangladesh. Veefin is known as the world leader in contextual SCF solutions adopting user-led design, data, and analytics, built by bankers for bankers. It aims to integrate all stakeholders in a single digital platform to ensure and set smooth processes and transaction flow.

Objects of the Issue:

Global – sales and marketing expenditure.
Developing new products or enhancement and maintenance, upgrading or updating existing products
General corporate purpose

Veefin Solutions IPO Review

May Apply

Veefin Solutions IPO Date & Price Band Details

IPO Open:	June 22, 2023
IPO Close:	June 26, 2023
IPO Size:	Approx ₹46.73 Crores, 5,699,200 Equity Shares
Face Value:	₹10 Per Equity Share
IPO Price Band:	₹82 Per Equity Share
IPO Listing on:	BSE SME
Retail Quota:	50% of the net offer
NII Quota:	50% of the net offer
DRHP Draft Prospectus:	Click Here
RHP Draft Prospectus:	Click Here
Anchor Investors in IPO:	Click Here

Veefin Solutions IPO Market Lot

The Veefin Solutions IPO minimum market lot is 1600 shares with a ₹131,200 application amount.

Application	Lot Size	Shares	Amount
Retail Minimum	1	1600	₹131,200
Retail Maximum	1	1600	₹131,200
S-HNI Minimum	2	3200	₹262,400

Veefin Solutions IPO Dates

The Veefin Solutions IPO date is June 22 and the IPO close date is June 26. The IPO allotment date is June 30 and the IPO might list on July 5.

IPO Open Date:	June 22, 2023
IPO Close Date:	June 26, 2023
Basis of Allotment:	June 30, 2023
Refunds:	July 3, 2023
Credit to Demat Account:	July 4, 2023
IPO Listing Date:	July 5, 2023

You can check IPO subscription status and IPO allotment status on their respective pages.

Veefin Solutions IPO Form

How to apply Veefin Solutions IPO? You can apply Veefin Solutions IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Veefin Solutions IPO in the Invest section. The other option you can apply Veefin Solutions IPO via IPO forms download via the BSE website. Check out the Veefin Solutions forms – click BSE IPO Forms download, fill and submit in your bank or with your broker.

Veefin Solutions Company Financial Report

₹ in Crores
Year	Revenue	Expense	PAT
2020	₹	₹	₹
2021	₹	₹	₹
2022	₹12.62	₹5.71	₹3.50
2023 10M	₹6.55	₹8.07	₹1.96

Veefin Solutions IPO Valuation – FY2022

Check Veefin Solutions IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS):	₹0.48 per Equity Share
Price/Earning P/E Ratio:	170.83
Return on Net Worth (RoNW):	7.57%%
Net Asset Value (NAV):	₹6.36 per Equity Share

Peer Group

Company Promoters

Mr. Raja Debnath
Mr. Gautam Vijay Udani

Veefin Solutions IPO Registrar

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com

Veefin Solutions IPO Allotment Status

Check Veefin Solutions IPO allotment status on Bigshare website URL. Click Here

Veefin Solutions IPO Lead Managers aka Merchant Bankers

Shreni Shares Private Limited

Company Address

Veefin Solutions Limited
Off No-601, 602 & 603,
Neelkanth Corporate IT Park,
Kirol Road, Vidhyavihar (West), Mumbai – 400 086
Phone: +91 9004917712
Email: [email protected]
Website: https://www.veefin.com/

Veefin Solutions IPO FAQs

What is Veefin Solutions IPO?

Veefin Solutions IPO is an BSE SME IPO. They are going to raise ₹46.73 Crores via IPO. The issue is priced at ₹82 per equity share. The IPO is to be listed on BSE.

When Veefin Solutions IPO will open?

The IPO is to open on June 22, 2023 for NII, and Retail Investors.

What is Veefin Solutions IPO Investors Portion?

The investors’ portion for NII is 50%, and Retail is 50%.

How to Apply the Veefin Solutions IPO?

You can apply Veefin Solutions IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Veefin Solutions IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Veefin Solutions”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Veefin Solutions IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Veefin Solutions”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Veefin Solutions IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Veefin Solutions”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Veefin Solutions IPO Size?

Veefin Solutions IPO size is ₹46.73 crores.

What is Veefin Solutions IPO Price Band?

Veefin Solutions IPO Price Band is ₹82 per equity share.

What is Veefin Solutions IPO Minimum and Maximum Lot Size?

The IPO bid is 1600 shares with ₹131,200.

What is Veefin Solutions IPO Allotment Date?

Veefin Solutions IPO allotment date is June 30, 2023.

What is Veefin Solutions IPO Listing Date?

Veefin Solutions IPO listing date is July 5, 2023. The IPO to list on BSE SME.

Note: The Veefin Solutions IPO details are announced officially. The IPO grey market premium (Veefin Solutions IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.)

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