Veefin Solutions Limited
IPO Details
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₹3(3.66%)
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Following its successful public offering, Veefin Solutions Limited's made its market debut on Jul 05, 2023 and is now actively traded on the BSEplatform. The IPO mobilized 56,99,200 Shares in total capital, including 28,49,600 Shares in primary equity infusion and ₹23.37 Cr in secondary share sales.
The offering was structured with a price band of ₹82 to ₹82 and minimum investment lots of 1600 shares. Investor participation during the subscription window from Jun 22, 2023 to Jun 26, 2023 demonstrated market confidence in the company's prospects.
The allotment process concluded on Jul 01, 2023, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Mr. Raja Debnath
- Mr. Gautam Vijay Udani
Veefin Solutions Limited
Bigshare Services Private Limited