The Veefin Solutions IPO has begun on 22 June 2023. It will close on 26 June 2023. The Total IPO Size is 46.73 Crore. The company set its IPO price is 82 Rs Per Share. Basically, There are two basic categories in Veefin Solutions IPO Subscription 1) NII 2) Retail Individual Investors (RIIs).
Veefin Solutions is established in 2020.
Veefin Solutions is an Digital Lending and Supply Chain Finance (SCF) technology product solutions company based in Mumbai.
They provide their product solutions to wide range of clients globally, including Banks, Non-Banking Financial Institutions, FinTech, Marketplaces, and Corporates.
Check :- Upcoming SME IPO 2023
Veefin Solutions IPO Promotors
| Name of the Promoter | No. of Shares held | Average cost of Acquisition (in ₹ ) |
| Raja Debnath | 86,77,110 | 0.0085 |
| Gautam Vijay Udani | 16,39,400 | 0.0085 |
| Total Pre Issue | 1,03,16,510 (56.26%) | |
Veefin Solutions IPO Date, Details & Price Band
| IPO Opening Dates | 22 June 2023 |
| IPO Closing Dates | 26 June 2023 |
| Price Band | 82 Rs Per Share |
| Fresh issue | 23.37 Crore |
| OFS issue | 23.37 Crore |
| Total IPO size | 46.73 Crore |
| Minimum bid (lot size) | 1600 Shares |
| Face Value | 10 INR Per Share |
| NII | 50% |
| Retail Allocation | 50% |
| Listing On | BSE SME |
Veefin Solutions IPO Market Lot
The Veefin Solutions IPO minimum market lot is 1600 shares With 1,31,200 ₹ Amount per application.
| Lot | No of Shares | Amount | |
| Minimum | 1 | 1600 | 1,31,200 Rs |
| Maximum | 1 | 1600 | 1,31,200 Rs |
| S-HNI (Min) | 2 | 3200 | 2,62,400 Rs |
Restated Financial Record of the three year (Amt. in Lakhs)
| Total Assets | Total Revenue | Profit After Tax | |
| 31-Mar-22 | 1,607.93 | 655.19 | 70.01 |
| 31-Jan-23 | 4,821.70 | 1,262.36 | 350.02 |
| EPS (₹) | NAV (₹) | RoNW (%) | borrowings (Lakhs) | |
| 31-Mar-22 | 1.91 | 23.41 | 7.57 | 50.81 |
| 31-Jan-23 | 0.48 | 6.36 | 8.15 | 346.32 |
Industry Peers
There are no listed companies in India.
Veefin Solutions IPO GMP Grey Market Premium
Veefin Solutions IPO GMP Grey market premium has been started today. Check Latest Veefin Solutions IPO GMP Grey market premium, Kostak Rates and Subject to Sauda Price here.
Veefin Solutions IPO Prospectus
| DRHP | Download |
| RHP | Download |
Veefin Solutions IPO Reviews (Avoid)
IPOwala – Avoid
Veefin Solutions IPO Form Download
Veefin Solutions IPO is available on BSE Website as well as on our Portal. Please click here Veefin Solutions IPO form Download.
Veefin Solutions IPO Allotment Date & Details
| Allotment Date | 30 June 2023 |
| Initiation of refunds | 3 July 2023 |
| Transfer of shares to Demat accounts | 4 July 2023 |
| Listing Date | 5 July 2023 |
| Check Allotment Status | Click here |
Registrar of Veefin Solutions IPO
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093, Maharashtra, India
Telephone: 022 – 6263 8200
E-mail: [email protected]
Investor grievance e-mail: [email protected]
Website: www.bigshareonline.com
Contact Person: Mr. Babu Rapheal C
SEBI Registration No.: INR000001385
Veefin Solutions Contact Details
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 Lead Managers
SHRENI SHARES PRIVATE LIMITED
Office No. 102, 1st Floor, Sea Lord CHS, Ram Nagar, Borivali (West), Mumbai
– 400 092, Maharashtra, India
Telephone: 022 – 2808 8456
E-mail: [email protected]
Investors Grievance e-mail: [email protected]
Website: www.shreni.in
Contact Person: Mr. Parth Shah/Ms. Kritika Rupda
SEBI Registration Number: INM000012759