Veefin Solutions Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 2,705,600 (47%) | — | ₹2,219 Cr |
| Retail | — | 2,705,600 (47%) | — | ₹2,219 Cr |
| Market Maker | — | 288,000 (5%) | — | ₹24 Cr |
| Σ Total | — | 5,699,200 (100%) | — | ₹46,733 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹131,200 |
| Retail (Max) | 13 | 20,800 | ₹1,705,600 |
| S-HNI (Min) | 14 | 22,400 | ₹1,836,800 |
| B-HNI (Min) | 67 | 107,200 | ₹8,790,400 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31-Jan-23 | 31-Mar-22 |
|---|---|---|
| Revenue | 1,262 | 655 |
| Profit After Tax | 350 | 70 |
| Net Worth | 4,293 | 925 |
| Total Assets | 4,822 | 1,608 |
| Reserves & Surplus | 2,459 | 924 |
| Total Borrowing | 51 | 346 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Global – sales and marketing expenditure – 4.80
- Developing new products or enhancement and maintenance, upgrading or updating existing products; and – 15.50
- General corporate purposes – 2.54
Company Overview
Incorporated in 2020, Veefin Solutions Limited is a Digital Lending and Supply Chain Finance (SCF) technology product solutions company based in Mumbai.
Veefin Solutions has two main segments:
- Supply Chain Finance Technology Solutions; and
- Digital Lending Suite Solutions
The Supply Chain Finance Solutions segment is focused on providing technology-driven financing solutions that can streamline supply chain financing processes and help businesses manage their cash flow more effectively.
The Digital Lending Suite Solutions segment is designed to provide financial institutions with a comprehensive suite of solutions that help them improve their lending operations and deliver a better customer experience.
Veefin Solutions' client list includes Banks, Non-Banking Financial Institutions, FinTech, Marketplaces, and Corporates such as Yes Bank, IndusInd Bank, Indian Bank, Citi Bank, BRAC, VP Bank, Riyadh Bank, Aditya Birla Capital, Mintifi, Ambit Finvest, and others.
The company was awarded the "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.