Veefin Solutions Limited IPO (Veefin Solutions IPO)

Veefin Solutions Limited IPO
Upcoming Veefin Solutions IPO | New Veefin Solutions IPO

Veefin Solutions Limited is a Digital Lending and Supply Chain Finance (SCF) technology product solutions company based in Mumbai.

The company provide their product solutions to wide range of clients globally, including Banks, Non-Banking Financial Institutions, FinTech, Marketplaces, and Corporates.

The company’s SCF product and platform are highly flexible and can be promptly configured to meet the specific needs of their clients, without relying on third-party execution. Company’s cutting-edge technology products offer unmatched flexibility to their clients, facilitating quick and efficient configuration and implementation of their products.

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.

The company was awarded the “Most Innovative Supply Chain Finance Solution” at the Fintech India Summit & Awards, 2022, and “Solution of the Year 2021; SCF” at the Inflection Web Conference by Alden Global, CSCMP, SIMM & NASSCOM.

Veefin Solutions IPO

Veefin Solutions IPO – Details

IPO Opening Date22 June 2023
IPO Closing Date26 June 2023
Issue TypeFixed Price Issue IPO
Issue Size56,99,200 Shares Worth ₹[] Crore
Fresh Issue: 28,49,600 Shares Worth ₹[] Crore
Offer For Sale: 28,49,600 Shares Worth ₹[] Crore
Face Value₹10 per equity share
IPO Price₹82
Market Lot1600 Shares
Min Order1600 Shares (1 Lot)
Listing AtBSE SME
RegisterBigshare Services Private Limited
Other Shares Offered50%
Retail Shares Offered50%

Veefin Solutions IPO – Date Schedule

IPO Open Date22 June 2023
IPO Close Date26 June 2023
Basis of Allotment03 July 2023
Initiation of Refund04 July 2023
Credit of Shares to Demat Account05 July 2023
IPO Listing Date06 July 2023

Veefin Solutions IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)116001,31,200
Retail (Maximum)116001,31,200
HNI (Minimum)232002,62,400

Competitive Strengths

  • Domain knowledge in, and full spectrum coverage of, the BFSI Industry;
  • Entrenched Global Sales Network;
  • End to End Stack for Supply Chain Finance;
  • Implementation Timelines;
  • Pricing;
  • Deployment Agnostic;
  • Experienced promoters and management team; and
  • Established relationships with customer base.

Company Promoters

  • Mr. Raja Debnath
  • Mr. Gautam Vijay Udani

Object Of The Issue

  • Global – sales and marketing expenditure;
  • Developing new products or enhancement and maintenance, upgrading or updating existing products; and
  • General Corporate Purposes.
Veefin Solutions IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After Tax
31 March 20210.800.690.14
31 March 20226.185.700.29
31 January 202311.767.403.30
Amount in ₹ Crore

Veefin Solutions IPO Promoter Holding

Pre Issue Share Holding56.26%
Post Issue Share Holding

Veefin Solutions IPO Prospectus

Company Contact Information

Veefin Solutions Limited

Off No-601, 602 & 603, Neelkanth
Corporate IT Park, Kirol Road,
Vidhyavihar (West), Mumbai – 400
086, Maharashtra, India

Phone: +91 9004917712

Veefin Solutions IPO Registrar

Bigshare Services Private Limited

Phone: 022 – 6263 8200

Veefin Solutions IPO Lead Manager(s)

1. Shreni Shares Private Limited

Veefin Solutions IPO FAQs

Veefin Solutions IPO FAQs
What is Veefin Solutions IPO?

Veefin Solutions IPO is a SME IPO. The issue is priced at ₹82 per equity share. The IPO is to be listed on BSE SME.
When Veefin Solutions IPO will open?

The IPO is to open on  22 June 2023 for NII and Retail Investors.
How to 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 5 Paisa?

Log in to 5 Paisa 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 5 Paisa.
How to Apply the Veefin Solutions IPO through Edelweiss?

Log in to Angle One 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 Edelweiss.
What is Veefin Solutions IPO Size?

Veefin Solutions IPO size is ₹[] crores.
What is Veefin Solutions IPO Price Band?

Veefin Solutions IPO Price Band is ₹82.
What is Veefin Solutions IPO Minimum and Maximum Lot Size?

The minimum bid is 1600 Shares with ₹1,31,200 amount while the maximum bid is 1600 shares with ₹1,31,200.
What is the Veefin Solutions IPO Allotment Date?

Veefin Solutions IPO allotment date is  03 July 2023.
What is the Veefin Solutions IPO Listing Date?

Veefin Solutions IPO listing date is  06 July 2023. The IPO is to list on BSE SME.
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