Veritas Finance
BSE, NSE₹N/A / N/A Shares
IPO Details
Veritas Finance IPO is priced between ₹N/A per equity share, with a face value of ₹10 per share. The company's equity shares will be listed on the BSE, NSE, and Kfin Technologies Limited is managing the issue as the registrar.
The IPO bidding period opened on N/A, and closed on N/A. The allotment results will be announced on N/A, with a tentative listing date set for N/A.
The total issue comprises ₹2800 Crores Approx, amounting to .
Veritas Finance IPO Highlights
| IPO Date | Listing Date | Face Value | Price Band | Lot Size | Fresh Issue | Offer for Sale | Listing At |
|---|---|---|---|---|---|---|---|
| TBA - TBA | Invalid Date | ₹10 Per Equity Share | ₹N/A per equity share | - | Shares | - | BSE, NSE |
Veritas Finance IPO Timeline
Issue Price
₹N/A per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Kfin Technologies LimitedMarket Lot
N/A Shares (₹N/A/-)Lead Manager
ICICI Securities LimitedHdfc Bank LimitedJefferies India Private LimitedKotak Mahindra Capital Company LimitedIssue Size
₹2800 Crores ApproxRetail Portion
35%Subscription
N/A timesIPO Docs
DRHPVeritas 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 |
All values are in ₹ Cr.
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 - |
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 - Issue Objectives
- 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.
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, 600032Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: veritas.ipo@kfintech.com