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| IPO Listing At | BSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹46.73 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹46.73 Cr |
| Fresh Issue | ₹21.01 Cr |
| Offer for Sale | ₹23.37 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹82.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 543931 |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Shreni Shares Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,600 shares and in multiples thereof
Incorporated in 2020, Veefin Solutions Limited is a Digital Lending and Supply Chain Finance (SCF) technology product solutions company based in Mumbai.
Veefin Solutions has two main segments:
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.
The Digital Lending Suite Solutions segment is designed to provide financial institutions with a comprehensive suite of solutions that help them improve their lending operations and deliver a better customer experience.
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Global – sales and marketing expenditure | 4.80 |
| 2 | Developing new products or enhancement and maintenance, upgrading or updating existing products; and | 15.50 |
| 3 | General corporate purposes | 2.54 |
| Period Ended | 31 Jan 2023 | 31 Mar 2022 |
|---|---|---|
| Assets | 48.22 | 16.08 |
| Total Income | 12.62 | 6.55 |
| Profit After Tax | 3.50 | 0.70 |
| NET Worth | 42.93 | 9.25 |
| Reserves and Surplus | 24.59 | 9.24 |
| Total Borrowing | 0.51 | 3.46 |
| Amount in ₹ Crore | ||
| KPI | |
|---|---|
| ROE | 13.42% |
| ROCE | 11.32% |
| Debt / Equity | 0.01% |
| RoNW | 7.57% |
| PAT Margin | 4.67% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 0.48 | |
| P/E (x) | 41.41 | |
| Promoter Holding | 56.26% | 39.84% |
| Market Cap | ₹173.74 Cr. | |
