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Veritas Finance

Veritas Finance Limited, incorporated in 2015, is a non-banking financial company (NBFC) registered with the Reserve Bank of India, focused on serving the credit needs of underserved MSMEs and self-employed individuals. The company provides a range of financial products, including small business loans, affordable home loans, used commercial vehicle loans, and unsecured working capital loans, aiming to bridge the credit gap for rural and urban borrowers. It sources most of its loans in-house, with direct selling agents supporting certain segments, and operates through a network of 424 branches across 10 states and one union territory, with a strong presence in Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, and West Bengal. Veritas Finance collaborates with 36 lenders and 11 debt security holders, including banks, mutual funds, NBFCs, and alternate investment funds. As of September 30, 2024, the company employed 7,704 full-time staff and continues to expand its offerings across rural business, affordable housing, commercial vehicle financing, and working capital loans.

₹0 - ₹0GMP ₹0Open
GMP₹0
Est. Listing PriceTBA

IPO Schedule & Timeline

Bookbuilding IPO
1
OpenAwaiting
2
CloseAwaiting
3
AllotmentAwaiting
4
ListingAwaiting

Company Promoters

NA

Company Background

Veritas Finance Limited, incorporated in 2015, is a non-banking financial company (NBFC) registered with the Reserve Bank of India, focused on serving the credit needs of underserved MSMEs and self-employed individuals. The company provides a range of financial products, including small business loans, affordable home loans, used commercial vehicle loans, an...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Sep-24)₹720.11 Cr
Growth+62.8%
Revenue Trend (₹ in Crores)
0.0428.4856.71.3kMar-22Mar-23Mar-24Sep-24
PeriodRev (Cr)PAT (Cr)AssetsDebt
Sep-24720.11133.117,605.664,889.42
Mar-241,117.49245.056,421.593,995.81
Mar-23680.80176.404,086.282,425.32
Mar-22442.2375.402,642.471,195.65

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Mar-24012.27%0%00

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: Kfin Technologies Limited

Basis of Allotment Scheduled
Allotment Date
To be announced
Official Status
Pending
Registrar
Kfin Technologies Limited
Listing Date
To be announced

Official Allotment Verification Links

Official Registrar Portal
Kfin Technologies Limited

Direct allotment verification on the official registrar portal appointed for Veritas Finance. 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 FinalizationTo be announcedBasis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing DateTo be announcedTrading commences on exchange

How to Check Veritas Finance Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Veritas Finance 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

Allotment FAQs & Help

About Veritas Finance IPO

Complete issue overview for Veritas Finance (VERITASFINANCE) IPO. The issue features an equity share price band of To be announced per share with a minimum retail lot size of To be announced. 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