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
- NA
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
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