Veefin Solutions Ltd
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Veefin Solutions Ltd IPO Timeline
Veefin Solutions Limited was formerly incorporated as 'Veefin Solutions Private Limited' by the Registrar of Companies, Manesar on October 14, 2020. Subsequently, Company converted into a Public Limited Company and the name has been changed to 'Veefin Solutions Limited' certified on May 15, 2023 in Mumbai.
| Event | Date |
|---|---|
| Veefin Solutions Ltd IPO Opening Date | 22 June 2023 |
| Veefin Solutions Ltd IPO Closing Date | 26 June 2023 |
| Basis of Allotment | 30 June 2023 |
| Initiation of Refunds | 3 July 2023 |
| Credit of Shares to Demat | 4 July 2023 |
| Veefin Solutions Ltd IPO Listing Date | 5 July 2023 |
Veefin Solutions Ltd IPO Details
| Veefin Solutions Ltd IPO Date | - |
| Veefin Solutions Ltd IPO Face Value | - |
| Veefin Solutions Ltd IPO Price | - |
| Veefin Solutions Ltd IPO Lot Size | - |
| Issue Size | - |
| Fresh Issue | - |
| Offer for Sale | - |
| Issue Type | - |
| Listing At | - |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Raja Debnath, Gautam Vijay Udani |
Veefin Solutions Ltd IPO Lot Size
The Veefin Solutions Ltd IPO lot size is Invalid Number shares. A retail-individual investor can apply for up to NaN lots (NaN shares or ₹NaN).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | - | - |
| Maximum | - | - | - |
- Strengths
- Risks
- Opportunities
- Domain knowledge in, and full spectrum coverage of, the BFSI Industry.
- Entrenched Global Sales Network.
- End to End Stack for Supply Chain Finance.
- Implementation Timelines.
- Pricing.
- Deployment Agnostic.
- Experienced promoters and management team.
- Established relationships with customer base.
Company Financials
Veefin Solutions Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 141.38 | 20.78 | 5.64 |
| 03-2023 | 50.62 | 13.44 | 3.79 |
| 03-2022 | 15.88 | 6.19 | 0.55 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Global Sales & Marketing Expenditure
- Developing new Products or enhancement & maintenance upgrading or updating existing products
- General corporate purposes
Veefin Solutions Ltd IPO Promoter Holding
| Pre Issue Share Holding | 47.32% |
| Post Issue Share Holding | 33.51% |
Veefin Solutions Ltd IPO Subscription Status (Bidding Detail)
The Veefin Solutions Ltd IPO is subscribed 2.3908 times on NaN Invalid undefined 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 2.3908 |
Veefin Solutions Ltd IPO Prospectus
Veefin Solutions Ltd IPO Listing Date
| BSE Script | 543931 |
| NSE Symbol | - |
| Listing In | - |
| ISIN | INE0Q0M01015 |
| IPO Price | ₹82 |
| Face Value | ₹10 |
Company Contact Information
# 601 602 & 603 NeelkanthCorporate IT Park Kirol Rd Vid,Mumbai-400086
Phone: +91 9004917712
Email: investors@veefin.com
Website: www.veefin.com
Veefin Solutions Ltd IPO Registrar
Veefin Solutions Ltd IPO Lead Manager(s)
- Shreni Shares Pvt Ltd
FAQ
What is the issue size of Veefin Solutions Ltd IPO?
I have pre-applied for Veefin Solutions Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.