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Open
22 Jun 2023
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Close
26 Jun 2023
3
Allotment
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Listing
Wed, Jul 5, 2023
Price Band
₹82 per share
Issue Size
56,99,200 shares (agg. up to ₹47 Cr)
Lot Size
1,600 Shares
Listing Date
Wed, Jul 5, 2023
Latest GMP
₹3
Est. Gain
3.66%
✦ AI Insight
GMP Trend
05-07-2023₹3Est. ₹85+3.66%
04-07-2023₹3Est. ₹85+3.66%
03-07-2023₹1Est. ₹83+1.22%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 2.44x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Jan 2023 | 31 Mar 2022 |
|---|---|---|
| Assets | 48.22 | 16.08 |
| Total Income | 12.62 | 6.55 |
| Profit After Tax | 3.50 | 0.70 |
| NET Worth | 42.93 | 9.25 |
| Reserves and Surplus | 24.59 | 9.24 |
| Total Borrowing | 0.51 | 3.46 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Sahana System Ltd. | SME | ₹32.74 Cr | ₹135 | 16.88 | ₹171.15 | +26.78% | ₹924.45 (+0.05%) |
| Sancode Technologies Ltd. | SME | ₹5.15 Cr | ₹47 | 10.71 | ₹60.80 | +29.36% | ₹376.35 (+1.99%) |
| Vertexplus Technologies Ltd. | SME | ₹14.20 Cr | ₹96 | 28.83 | ₹106.05 | +10.47% | ₹48.30 (+0.00%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Global – sales and marketing expenditure | 4.80 |
| 2 | Developing new products or enhancement and maintenance, upgrading or updating existing products; and | 15.50 |
| 3 | General corporate purposes | 2.54 |
About Veefin Solutions IPO
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 & NASSC
Contact Details
Veefin Solutions Ltd. AddressOff No-601, 602 & 603Neelkanth Corporate IT ParkKirol Road, Vidhyavihar (West)Mumbai, Maharashtra, 400086+91 9004917712investors@veefin.comVisit Website