Veritas Finance Ltd IPO
Pre Issue Shares
13,12,81,209
No. of Shares Issued
-
Pre Issue Equity Amt.
₹131.28 Cr
DP Filling Date
18 January 2025
Veritas Finance Ltd IPO Timeline
Veritas Finance Ltd IPO Details
| Veritas Finance Ltd IPO Date | - |
| Veritas Finance Ltd IPO Face Value | - |
| Veritas Finance Ltd IPO Price | - |
| Veritas Finance Ltd IPO Lot Size | - |
| Issue Size | - |
| Fresh Issue | - |
| Offer for Sale | - |
| Issue Type | - |
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| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters |
- Strengths
- Risks
- Opportunities
- We have a diversified, granular and self- residential property backed secured portfolio with the fastest growth in terms of AUM among compared listed peers.
- We have widespread, deep and largely in-house distribution network serving unserved and under-served borrowers in rural and semi-urban markets giving us the ability to launch multiple new businesses using existing distribution footprint.
- We possess a robust risk management and credit assessment framework supported by on-ground collections infrastructure.
- Ours is a technology-enabled scalable operating model resulting in short turnaround and improved controls on sourcing, disbursement and collections.
- We have access to diversified and cost-effective sources of funding backed by a broad lender base.
- We have an experienced Senior Management team backed by marquee investors and guided by a distinguished Board.
Company Financials
Veritas Finance Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2025 | 8,515.63 | 1,557.4 | 295.11 |
| 03-2024 | 6,421.59 | 1,117.49 | 245.05 |
| 03-2023 | 4,086.28 | 680.8 | 176.40 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Augmenting its capital base to meet future business requirement of the company towards onwords lending
Veritas Finance Ltd IPO Prospectus
Veritas Finance Ltd IPO Listing Date
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| IPO Price | ₹- |
| Face Value | ₹- |
Company Contact Information
Veritas Finance Ltd
SKCL Central Square 1 South &Nor. Wing 7th Flr Unit#C28-C35,Chennai-600032
Phone: +91 044 4615 0011
Email: cs@veritasfin.in
Website: www.veritasfin.in
SKCL Central Square 1 South &Nor. Wing 7th Flr Unit#C28-C35,Chennai-600032
Phone: +91 044 4615 0011
Email: cs@veritasfin.in
Website: www.veritasfin.in
Veritas Finance Ltd IPO Registrar
Veritas Finance Ltd IPO Lead Manager(s)
- ICICI Securities Ltd
- HDFC Bank Ltd
- Jefferies India Pvt Ltd
- Kotak Mahindra Capital Company Ltd
- Nuvama Wealth Management Ltd
How to Check the Allotment Status of Veritas Finance Ltd IPO?
To check the IPO allotment status, follow these steps:
- Visit the official website of the IPO registrar.
- Navigate to the IPO Allotment Status page.
- Select “Veritas Finance Ltd” from the list of available IPOs.
- Enter any one of these - PAN Number, Application Number, DP/Client ID.
- Click on Submit to view your allotment status.
About Veritas Finance Ltd IPO
Veritas Finance Limited was incorporated as Veritas Finance Private Limited' at Chennai, Tamil Nadu as a Private Limited Company dated April 30, 2015, with the RoC. Subsequently, Company was converted to a Public Limited Company and the name of the Company changed to Veritas Finance Limited' and a fresh Certificate of Icorporation dated October 23, 2024 was issued by the RoC.