IPO Trending
VERITASFINANCEEQ / NSE, BSEUpcoming
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

Grey Market Premium (GMP)

₹0Latest GMP

Interactive 5-Day GMP Trend Curve

No GMP trend data currently available

GMP Milestone Daily Ledger

DateGMPEst. ListingLot Profit

Veritas Finance IPO Grey Market Premium (GMP) Today & Listing Gain Estimation (2026)

The Grey Market Premium (GMP) for Veritas Finance (VERITASFINANCE) IPO represents the unofficial premium at which equity shares are traded in the grey market prior to their official exchange listing. Today, Veritas Finance IPO GMP is recorded at ₹0. The official price band is to be announced. Compare this with all other upcoming issues on our Live IPO GMP Today Master Table.

Retail Application Investment & Estimated Returns Breakdown

ParameterValue / CalculationDescription
Price BandTo be announcedOfficial bidding range announced in RHP
Current GMP Rate₹0Unofficial premium traded in the grey market
Estimated Listing PriceTo be announcedCalculated once price band is announced
Retail Lot SizeTo be announcedMinimum bid quantity for Retail Individual Investors (RII)
Minimum OutlayTo be announcedCalculated once lot size is announced
Estimated Profit per LotTo be announcedCalculated once lot size is announced

Key Grey Market Terms: GMP, Kostak & Subject to Sauda

  • 1. Grey Market Premium (GMP): The additional price per share buyers are willing to pay over the official IPO price band before shares hit stock exchanges.
  • 2. Kostak Rate: A fixed monetary deal where a buyer pays an investor a set cash amount to buy their entire IPO application upfront, ensuring fixed profit regardless of allotment outcomes.
  • 3. Subject to Sauda: An agreement where the buyer pays a predetermined profit amount to the applicant ONLY if the application successfully receives IPO share allotment.

Frequently Asked Questions

Disclaimer: Grey Market Premium (GMP) rates are unorganized, unofficial prices based on dealer speculation. They are provided strictly for educational purposes and should not be considered investment advice.