Last updated on July 5, 2023
Veefin Solutions IPO description – Incorporated in 2020, Veefin Solutions is a Digital Lending and Supply Chain Finance (SCF) technology product solutions company based in Mumbai. Supply Chain Finance is a financial tool that is used to help businesses manage their cash flow and improve their working capital.
The company provides product solutions to a wide range of clients globally, including Banks, Non-Banking Financial Institutions, FinTech, Marketplaces, and Corporates. Its technology product solutions are unique offerings, which are designed with a user-led approach, data, and analytics, and built by experienced bankers for bankers.
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 operate the business in the following two segments:
- Supply Chain Finance Technology Solutions – This segment is primarily focused on enabling financial institutions to efficiently and effectively manage their supply chain financing activities. By leveraging technology, financial institutions can offer their clients faster and more cost-effective financing solutions that are tailored to their specific needs. 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.
- Digital Lending Suite Solutions – The Digital Lending Suite Solutions segment is a comprehensive suite of products and services that cater to the lending needs of financial institutions. This segment includes various technology solutions that help financial institutions streamline their lending operations and improve their customer experience.
Promoters of Veefin Solutions – Mr. Raja Debnath and Mr. Gautam Vijay Udani
Table of Contents
Veefin Solutions IPO Details
| Veefin Solutions IPO Dates | 22 – 26 Jun 2023 |
| Veefin Solutions IPO Price | INR 82 per share |
| Fresh issue | 28,49,600 shares (INR 23.37 crores) |
| Offer For Sale | 28,49,600 shares (INR 23.37 crores) |
| Total IPO size | 56,99,200 shares (INR 46.73 crores) |
| Minimum bid (lot size) | 1,600 shares (INR 131,200) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME |
Veefin Solutions Financial Performance
| Â | FY 2022 | 10M FY 2023 |
| Revenue | 654.95 | 1,213.79 |
| Expenses | 570.46 | 807.38 |
| Net income | 70.01 | 350.02 |
Veefin Solutions Offer News
- Veefin Solutions RHP
- Veefin Solutions Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Veefin Solutions Valuations & Margins
| FY 2022 | |
| EPS | 0.48 |
| PE ratio | 170.83 |
| RONW (%) | 7.57 |
| NAV | 6.36 |
| ROCE (%) | 11.24 |
| EBITDA (%) | 15.88 |
| Debt/Equity | 0.37 |
Veefin Solutions IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 1 July 2023 | 2 | – | – |
| 30 June 2023 | 2 | – | – |
| 26 June 2023 | 4 | – | – |
| 24 June 2023 | 8 | – | – |
| 23 June 2023 | 10 | – | – |
Veefin Solutions IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
| Shares Offered | 2,849,600 | 2,849,600 | 5,699,200 |
| 26 Jun 2023 | 3.36 | 1.61 | 2.41 |
| 23 Jun 2023 | 1.53 | 0.56 | 1.05 |
| 22 Jun 2023 | 0.86 | 0.19 | 0.53 |
Veefin Solutions IPO Allotment Status
Veefin Solutions IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Veefin Solutions IPO Dates & Listing Performance
| IPO Opening Date | 22 June 2023 |
| IPO Closing Date | 26 June 2023 |
| Finalization of Basis of Allotment | 30 June 2023 |
| Initiation of refunds | 3 July 2023 |
| Transfer of shares to demat accounts | 4 July 2023 |
| IPO Listing Date | 5 July 2023 |
| Opening Price on BSE SME | INR 86.05 per share (up 4.94%) |
| Closing Price on BSE SME | INR 90.22 per share (up 10.02%) |
Veefin Solutions Offer Lead Manager
SHRENI SHARES PRIVATE LIMITED
Office No. 102, 1st Floor, Sea Lord CHS,
Ram Nagar, Borivali (West), Mumbai – 400 092, Maharashtra
Phone: 022 – 2808 8456
Email:Â [email protected]
Website:Â www.shreni.in
Veefin Solutions Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Phone:Â +91 22 6263 8200
Email:Â Â [email protected]
Website:Â www.bigshareonline.com
Veefin Solutions Contact Details
VEEFIN SOLUTIONS LIMITED
Off No-601, 602 & 603, Neelkanth Corporate IT Park,
Kirol Road, Vidhya Vihar (West), Mumbai – 400 086, Maharashtra
Phone: +91 9004917712
E-mail: [email protected]
Website: www.veefin.com
IPO FAQs
What is Veefin Solutions IPO offer size?
Veefin Solutions offer size is INR 46.73 crores.
What is the Veefin Solutions offer price band?
Veefin Solutions public offer price is INR 82 per share.
What is the lot size of Veefin Solutions public offer?
Veefin Solutions offer lot size is 1,600 shares.
What is Veefin Solutions IPO GMP today?
Veefin Solutions IPO GMP today is INR 2 per share.
What is Veefin Solutions kostak rate today?
Veefin Solutions kostak rate today is INR NA per application.
What is Veefin Solutions Subject to Sauda rate today?
Veefin Solutions Subject to Sauda rate today is INR NA per application.
