Veefin Solutions Limited IPO Date,GMP,Review, Price, Form, Lot Size & Allotment Details 2023

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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:

  1. Supply Chain Finance Technology Solutions; and
  2. Digital Lending Suite Solutions

The market for supply chain finance solutions is dedicated to offering technology-driven financing options that can simplify supply chain financing procedures and aid companies in better managing their cash flow.

The goal of the Digital Lending Suite Solutions segment is to offer financial institutions a full range of solutions that will help them enhance their lending processes and provide better customer service.

Banks, non-banking financial institutions, fintech companies, marketplaces, and corporations, including Yes Bank, IndusInd Bank, Indian Bank, Citi Bank, BRAC, VP Bank, Riyadh Bank, Aditya Birla Capital, Mintifi, and Ambit Finvest, are among the clients of Veefin Solutions.

The business received honours for having the “Most Innovative Supply Chain Finance Solution” at the Fintech India Summit & Awards, 2022, and for having the “Solution of the Year 2021; SCF” at the Inflection Web Awards.Conference by Alden Global, CSCMP, SIMM & NASSCOM

Veefin Solutions IPO Details

IPO DateJun 22, 2023 to Jun 26, 2023
Listing Date[.]
Face Value₹10 per share
Price₹82 per share
Lot Size1600 Shares
Total Issue Size5,699,200 shares
(aggregating up to ₹46.73 Cr)
Fresh Issue2,849,600 shares
(aggregating up to ₹23.37 Cr)
Offer for Sale2,849,600 shares of ₹10
(aggregating up to ₹23.37 Cr)
Issue TypeFixed Price Issue IPO
Listing AtBSE SME
Market Maker portion288,000 shares
Shreni Shares

Veefin Solutions IPO Reservation

Retail Shares OfferedNot less than 50.00% of the Offer

Veefin Solutions IPO Timetable (Tentative)

Veefin Solutions IPO opens on Jun 22, 2023, and closes on Jun 26, 2023.

EventTentative Date
Opening DateThursday, 22 June 2023
Closing DateMonday, 26 June 2023
Basis of AllotmentFriday, 30 June 2023
Initiation of RefundsMonday, 3 July 2023
Credit of Shares to DematTuesday, 4 July 2023
Listing DateWednesday, 5 July 2023
Cut-off time for UPI mandate confirmation5 PM on Jun 26, 2023

Veefin Solutions IPO Lot Size

The Veefin Solutions IPO lot size is 1600 shares.

ApplicationLotsSharesAmount
Retail (Min)11600₹131,200
Retail (Max)11600₹131,200
HNI (Min)23,200₹262,400
Lot Size Calculator

Veefin Solutions IPO Promoter Holding

The Promoters of the company are Mr. Raja Debnath and Mr. Gautam Vijay Udani.

Pre Issue Share Holding84.34
Post Issue Share Holding

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-221,607.93655.1970.01925.10923.86346.32
31-Jan-234,821.701,262.36350.024,293.212,459.4350.81
Amount in ₹ Lakhs

Objects of the Issue

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. Global sales and marketing expenditure,
  2. Developing new products or enhancement and maintenance, upgrading or updating existing products, and
  3. General Corporate Purpose.

Veefin Solutions IPO Prospectus

  •   ›  Veefin Solutions IPO DRHP

Veefin Solutions IPO Rating

3

3.7

Rating

Company Contact Information

Veefin Solutions Limited
Off No-601, 602 & 603,
Neelkanth Corporate IT Park,
Kirol Road, Vidhyavihar (West), Mumbai – 400 086
Phone: +91 9004917712
Email: investors@veefin.com
Websitehttps://www.veefin.com/

Veefin Solutions IPO Registrar

Veefin Solutions IPO GMP Today

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Websitehttps://www.bigshareonline.com/

DateConsolidated IPO GMPKostakSubject to Sauda
Coming soon

Veefin Solutions IPO Analysis

Veefin Solutions IPO Recommendation Summary

Review BySubscribeNeutralAvoid
Brokers000
Members000

Veefin Solutions IPO Lead Manager(s)

  1. Shreni Shares Private Limited (Past IPO Performance)

Lead Manager Reports

  • IPO Lead Manager Performance Summary
  • IPO Lead Manager Performance Tracker

Veefin Solutions IPO Allotment Status Online

Veefin Solutions IPO Schedule

Veefin Solutions IPO opens on Jun 22, 2023, and closes on Jun 26, 2023.

EventDate
Opening DateJun 22, 2023
Closing DateJun 26, 2023
Basis of AllotmentJun 30, 2023
Initiation of RefundsJul 3, 2023
Credit of Shares to DematJul 4, 2023
Listing DateJul 5, 2023

Veefin Solutions IPO Review & Recommendations

Veefin Solutions IPO Review Summary

Review BySubscribeNeutralAvoid
Members000

Veefin Solutions IPO Details

IPO OpenJun 22, 2023
IPO CloseJun 26, 2023
IPO Price₹82
Face Value₹10
IPO Size₹46.73 Cr
Listing AtBSE SME
Lot Size1600

Veefin Solutions IPO Shares to Apply By Amount Calculator

Enter the amount you would like to invest in Veefin Solutions IPO and find how many shares you should apply. In an IPO, shares are applied in lots. This calculator helps you to find an exact number of shares to apply for the given amount.

Amount to Invest (Rs)
Lot Size (Shares)1600
Shares Issue Price (Rs)82
Find No. of Shares to Apply
Lots to Apply0
Shares to Apply0
Total Amount (Rs)0

Veefin Solutions IPO Latest News Today

Veefin Solutions IPO Details

IPO OpenJun 22, 2023
IPO CloseJun 26, 2023
IPO Price₹82
Face Value₹10
IPO Size₹46.73 Cr
Listing AtBSE SME
Lot Size1600

When is Veefin Solutions IPO allotment?

The finalization of Basis of Allotment for Veefin Solutions IPO will be done on Friday, 30 June 2023, and the allotted shares will be credited to your demat account by Tuesday, 4 July 2023. 

When is Veefin Solutions IPO listing date?

The Veefin Solutions IPO listing date is not yet announced. The tentative date of Veefin Solutions IPO listing is Wednesday, 5 July 2023.

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