Veritas Finance
BSE, NSE₹ NaN / N/A Shares
Veritas Finance IPO Details
The Veritas Finance IPO price band is set between ₹N/A per equity share, with a face value of ₹10 per share. The issue is managed by Kfin Technologies Limited, and the equity shares are proposed to be listed on the BSE, NSE.
The IPO date for subscription opens on N/A and closes on N/A. Investors can check the allotment status on N/A, while the listing date is tentatively scheduled for N/A.
The total issue size is , aggregating up to . Stay tuned for the latest Veritas Finance IPO review and GMP updates.
Veritas Finance IPO Review, Rating & Analysis
Veritas Finance IPO Review
NO REVIEWVeritas Finance IPO Rating
Veritas Finance IPO Highlights
IPO Date
TBA - TBA
Listing Date
Invalid Date
Face Value
₹10 Per Equity Share
Price Band
₹N/A per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
Veritas Finance IPO Timeline
Issue Price
₹N/A per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Kfin Technologies LimitedLead Manager
ICICI Securities LimitedHdfc Bank LimitedJefferies India Private LimitedKotak Mahindra Capital Company LimitedIssue Size
Veritas Finance IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-24 | 6421.59 | 1117.49 | 245.05 | 2329.55 | 2187.16 | 3995.81 |
| 31-Mar-23 | 4086.28 | 680.8 | 176.4 | 1591.26 | 1464.03 | 2425.32 |
| 31-Mar-22 | N/A | N/A | N/A | N/A | N/A | N/A |
In Cr.
Veritas Finance IPO Documents
Veritas Finance IPO Valuations
EPS Pre IPO
₹/-EPS Post IPO
₹/-PE Pre IPO
-PE Post IPO
-ROE
-ROCE
-Debt Equity
-RoNW
-PAT Margin
-Price to Book Value
-Promoters & Share Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| N/A% | N/A% |
About Company
Established in 2015, Veritas Finance Limited is a Reserve Bank of India registered Non-banking financial company (NBF).
Being a diversified, retail NBFC, the company mainly provides small business loans to MSMEs and self-employed individuals and has diversified further into home loans and second-hand commercial vehicle loans.The company bridges the credit gap of financially underserved MSMEs and individuals by providing products such as working capital loans, housing loans, used commercial vehicle loans, and small business loans. The company procures lead for Rural Business and Working Capital Loans in-house and employs direct selling agents for Affordable Home and Used Commercial Vehicle Loans, where 88.67% of loans are procured in-house.
The company has a distribution network of 424 branches in 10 states and one union territory in India, with high density in Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, and West Bengal.As of September 30, 2024, the company has relationships with 36 lenders and 11 holders of debt securities, comprising banks, mutual funds, NBFCs, and alternate investment funds.
As of September 30, 2024, the company has 7,704 full-time employees on payroll.
Veritas Finance IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|---|---|---|
| Assets | 6,421.59 | 4,086.28 | N/A |
| Revenue | 1,117.49 | 680.8 | N/A |
| Profit After Tax | 245.05 | 176.4 | N/A |
| Net Worth | 2,329.55 | 1,591.26 | N/A |
| Reserves & Surplus | 2,187.16 | 1,464.03 | N/A |
| Total Borrowing | 3,995.81 | 2,425.32 | N/A |
Veritas Finance IPO - Issue Objectives & Utilisation of proceeds
| Objectives | Amount |
|---|---|
| The Company proposes to utilise the Net Proceeds from the Fresh Issue towards augmenting the capital base to meet future business requirements of the Company towards onward lending. | - |
Company Contact Details
Veritas Finance
SKCL Central Square 1, South and North Wing, 7th Floor, Unit # C28 - C35, CIPET Road, Thiru Vi, Thiru Vi ka Industrial Estate, Chennai, Tamil Nadu, 600032Registrar Contact Details
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: veritas.ipo@kfintech.com
Frequently Asked Questions about Veritas Finance IPO
When will Veritas Finance IPO open for subscription?
The Veritas Finance IPO opens on announced soon and closes on announced soon.
What is the investors portion for Veritas Finance IPO?
The investors' portion for QIB is , NII is N/A, and Retail is 4086.28.
How to apply for Veritas Finance IPO?
You can apply for Veritas Finance IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Veritas Finance IPO?
The issue size of Veritas Finance IPO is approx ₹N/A crores.
What is the price band of Veritas Finance IPO?
The price band for Veritas Finance IPO is ₹N/A per equity share to ₹undefined.
What is the lot size of Veritas Finance IPO?
The minimum bid (lot size) for Veritas Finance IPO is N/A shares with an investment of approx ₹ NaN .
What is the allotment date of Veritas Finance IPO?
The allotment date for Veritas Finance IPO is announced soon.
What is the listing date of Veritas Finance IPO?
The listing date for Veritas Finance IPO is expected to be announced soon.
What is the GMP of Veritas Finance IPO?
The latest Grey Market Premium (GMP) for Veritas Finance IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.