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VEEFINSME / BSEListed
Veefin Solutions

Veefin Solutions Limited, incorporated in 2020 and based in Mumbai, is a technology company specializing in Digital Lending and Supply Chain Finance (SCF) solutions. The company operates through two main segments: Supply Chain Finance Technology Solutions, which streamlines financing processes and helps businesses manage cash flows efficiently, and Digital Lending Suite Solutions, which provides financial institutions with comprehensive tools to enhance lending operations and customer experience. Veefin Solutions serves a wide range of clients including banks, NBFCs, FinTechs, marketplaces, and corporates, such as Yes Bank, IndusInd Bank, Indian Bank, Citi Bank, BRAC, VP Bank, Riyadh Bank, Aditya Birla Capital, Mintifi, and Ambit Finvest. The company has been recognized for its innovation, receiving awards such as “Most Innovative Supply Chain Finance Solution” at the Fintech India Summit & Awards 2022 and “Solution of the Year 2021; SCF” at the Inflection Web Conference by Alden Global, CSCMP, SIMM & NASSCOM.

DRHP
₹82 - ₹822.46x sub
Listed Price₹86.05
Listing Gain+4.94%

IPO Schedule & Timeline

Fixed Price Issue IPO
Open22 Jun 2023
Close26 Jun 2023
Allotment01 Jul 2023
Listing05 Jul 2023

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Market Maker2,88,000 shares
5.05%
Nii (hni)27,05,600 shares
47.47%
Retail27,05,600 shares
47.47%

Minimum Application Lots

Retail1 Lot (1,600 shares)
₹1,31,200
HNI2 Lots (3,200 shares)
₹2,62,400

Company Promoters

Mr. Raja DebnathMr. Gautam Vijay Udani

Company Background

Veefin Solutions Limited, incorporated in 2020 and based in Mumbai, is a technology company specializing in Digital Lending and Supply Chain Finance (SCF) solutions. The company operates through two main segments: Supply Chain Finance Technology Solutions, which streamlines financing processes and helps businesses manage cash flows efficiently, and Digital L...

Lead Managers & Bankers

Shreni Shares Limited

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar 2022)₹655.19 Cr
Growth-48.1%
Revenue Trend (₹ in Crores)
0.0483.9967.81.5kJam 2023Mar 2022
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar 2022655.1970.011,607.93346.32
Jam 20231,262.36350.024,821.7050.81

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Values0.4813.42%11.32%41.410

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Bigshare Services Private Limited

Allotment Finalized
Allotment Date
01 Jul 2023
Official Status
Out / Finalized
Registrar
Bigshare Services Private Limited
Listing Date
05 Jul 2023

Official Allotment Verification Links

Official Registrar Portal
Bigshare Services Private Limited

Direct allotment verification on the official registrar portal appointed for Veefin Solutions. Check with PAN or Application No.

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Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization01 Jul 2023Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date05 Jul 2023Trading commences on exchange

How to Check Veefin Solutions Allotment Online

1Open Portal

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2Select Company

Select Veefin Solutions from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

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Prospectus & Official Filings

Official FilingDRHP

Allotment FAQs & Help

About Veefin Solutions IPO

Complete issue overview for Veefin Solutions (VEEFIN) IPO. The issue features an equity share price band of ₹82 per share with a minimum retail lot size of 1600 Shares (minimum application amount of ₹1,31,200). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions