The IPO date for Veefin Solutions has been announced. The IPO will begin on June 22 and end on June 26. Veefin Solutions is a BSE SME IPO that will raise 46.73 crores through the IPO. The IPO price band for Veefin Solutions is set at 82, with a market lot of 1600 shares.
Veefin Solutions Limited has 12 years of experience and is one of the leading financial products and digital solutions provider in India. It is incorporated in 2020. They offer quick-to-market solutions for all of your business’s requirements. Its cutting-edge technology is available to clients of all sizes. Veefin Solutions, based in Mumbai, is a Digital Lending and Supply Chain Finance (SCF) technology product solution for all of your needs. They are growing their operations in India and Bangladesh. Veefin is a global leader in contextual SCF solutions that leverage user-led design,
data, and analytics and are designed by bankers for bankers. It seeks to unite all stakeholders on a single digital platform in order to ensure and establish smooth operations 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
- To be updated soon
Veefin Solutions IPO GMP, 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 |
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 |
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.
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 |
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
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 Lead Managers aka Merchant Bankers
- Shreni Shares Private Limited
Veefin Solutions IPO FAQs:
Q1. What is Veefin Solutions IPO?
Ans. Veefin Solutions IPO is an BSE SME IPO. They are going to raise ₹46.73 Crores via IPO. The issue is priced at ₹82 per equity share. The IPO is to be listed on BSE.
Q2. When Veefin Solutions IPO will open?
Ans. The IPO is to open on June 22, 2023 for NII, and Retail Investors.
Q3. What is Veefin Solutions IPO Investors Portion?
Ans. The investors’ portion for NII is 50%, and Retail is 50%.
Q4. How to Apply the Veefin Solutions IPO?
Ans. 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.
Q5. How to Apply the Veefin Solutions IPO through Zerodha?
Ans. Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Veefin Solutions”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
Q6. How to Apply the Veefin Solutions IPO through Upstox?
Ans. Log in to Upstox 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 Upstox.
Q7. How to Apply the Veefin Solutions IPO through Paytm Money?
Ans. Log in to Paytm Money 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 Paytm Money.
Q8. What is Veefin Solutions IPO Size?
Ans. Veefin Solutions IPO size is ₹46.73 crores.
Q9. What is Veefin Solutions IPO Price Band?
Ans. Veefin Solutions IPO Price Band is ₹82 per equity share.
Q10. What is Veefin Solutions IPO Minimum and Maximum Lot Size?
Ans. The IPO bid is 1600 shares with ₹131,200.
Q11. What is Veefin Solutions IPO Allotment Date?
Ans. Veefin Solutions IPO allotment date is June 30, 2023.
Q12. What is Veefin Solutions IPO Listing Date?
Ans. Veefin Solutions IPO listing date is July 5, 2023. The IPO to list on BSE SME.
