Veefin Solutions Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

22 Jun 2023

Close Date

26 Jun 2023

Allotment

30 Jun 2023

Listing Date

05 Jul 2023

Exchange

BSE SME

Price Band

₹82

Listing Price

See chart

Allotment Status

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Price Band

₹82

Per share

Face Value

₹10 per share

Lot Size

1,600 Shares

per lot

Issue Size

56,99,200 shares (aggregating up to ₹46.73 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹131,200

1 lot

Pre-IPO Holding

1,83,37,860 shares

Promoters

Post-IPO Holding

2,11,87,460 shares

Promoters

P/E (Pre)

41.41x

EPS (Pre)

₹0.48

UPI Deadline

2023-06-26

Mandate

Anchor AllotmentWed, 21 Jun 2023

Basis of AllotmentFri, 30 Jun 2023

Refund InitiationMon, 03 Jul 2023

Demat CreditTue, 04 Jul 2023

Listing DayWed, 05 Jul 2023

UPI Mandate Deadline2023-06-26

Sale TypeFresh Capital-cum-Offer for Sale

Net Offer to Public54,11,200 shares (aggregating up to ₹44.37 Cr)

Market Maker Quota2,88,000 shares (aggregating up to ₹2.36 Cr)

Fresh Issue Shares25,61,600 shares (aggregating up to ₹21.01 Cr)

Offer for Sale28,49,600 shares of ₹10 (aggregating up to ₹23.37 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Veefin Solutions Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 26 Jun 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	288,000	—	₹2.36
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	5,699,200	100%	₹46.73

IPO Shares Offered

Veefin Solutions Ltd IPO total issue size: ₹46.73 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	288,000	₹2.36	5.05%
Total	5,699,200	₹46.73	100.00%

* Based on upper price band ₹82 per share

Lot Size & Investment

Lot Size

1,600

Shares per Lot

Issue Price

₹82.00

Upper Band

Min Investment

₹131,200

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	3,200	₹262,400
Retail (Max — 13 Lots)	13	20,800	₹1,705,600
S-HNI (Min — 14 Lots)	14	22,400	₹1,836,800
B-HNI (Min — 68 Lots)	68	108,800	₹8,921,600

* Issue Price ₹82 × Lot Size 1,600 shares

IPO Schedule

Anchor

21 Jun 2023

✓ Done

IPO Open

22 Jun 2023

✓ Done

IPO Close

26 Jun 2023

✓ Done

Allotment

30 Jun 2023

✓ Done

Refunds

03 Jul 2023

✓ Done

Demat Credit

04 Jul 2023

✓ Done

Listing Day

05 Jul 2023

✓ Done

₹82.00

INR · BSE

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Issue ₹82.00 Live Price

About Veefin Solutions Ltd

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; andDigital Lending Suite SolutionsThe 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.

Objects of the Issue

Global – sales and marketing expenditure

Developing new products or enhancement and maintenance, upgrading or updating existing products; and

General corporate purposes

Veefin Solutions Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

N/A

FY 2022-23

₹655.2

31-Mar-22

₹1,262.4

31-Jan-23

Profit After Tax (PAT)

N/A

FY 2022-23

₹70.0

31-Mar-22

₹350.0

31-Jan-23

Particulars	31-Jan-23	31-Mar-22	FY 2022-23
Revenue from Operations	1262.36	655.19	N/A
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	350.02	70.01	N/A
Net Worth	4293.21	925.10	N/A
Total Assets	4821.70	1607.93	N/A
Reserves & Surplus	2459.43	923.86	N/A
Borrowings	50.81	346.32	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

RoE

13.42%

RoCE

11.32%

RoNW

7.57%

Debt/Equity

0.01

Issue Structure & Shareholding

Total Shares Offered56,99,200 (100.00%)

Net Offer to Public54,11,200 shares (aggregating up to ₹44.37 Cr)

Reserved for Market Maker2,88,000 shares (aggregating up to ₹2.36 Cr)

Pre-Issue Promoter Holding1,83,37,860 shares

Post-Issue Promoter Holding2,11,87,460 shares

P/BV RatioN/A

RoE13.42%

RoCE11.32%

Debt / Equity0.01

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

Check Allotment

Book Running Lead Managers

Shreni Shares Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Veefin Solutions Ltd IPO subscribed? ▲

Veefin Solutions Ltd IPO is subscribed 1.00 times by Jun 26, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Veefin Solutions Ltd IPO retail subscription status? ▼

The Veefin Solutions Ltd IPO retail category is subscribed 1.00 times as of 26 Jun 2023. The retail portion is oversubscribed.

How to subscribe Veefin Solutions Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 22 Jun 2023 and closes 26 Jun 2023. Min investment: ₹131,200 (1 lot = 1,600 shares). UPI mandate: 2023-06-26.

How many times Veefin Solutions Ltd IPO subscribed? ▼

The Veefin Solutions Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Veefin Solutions Ltd IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 30 Jun 2023. Refunds: on 03 Jul 2023.

When Veefin Solutions Ltd IPO will be listed? ▼

The Veefin Solutions Ltd IPO listing date is 05 Jul 2023, Wednesday. Listed on: BSE SME. Issue price: ₹82. Estimated listing: ₹82. GMP: NIL.

When Veefin Solutions Ltd IPO close? ▼

The Veefin Solutions Ltd IPO closes on 26 Jun 2023, Monday. UPI mandate: 2023-06-26. Allotment: 30 Jun 2023. Listing: 05 Jul 2023.

Quick Actions

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Live Price LIVE

Last Price₹82.00

Change—

Issue Price₹82.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹82

Face Value₹10

Lot Size1,600 Sh

Min. Amount₹131,200

GMPNIL

Est. Listing₹82

Subscribed1.00x

Open Date22 Jun 2023

Close Date26 Jun 2023

Allotment30 Jun 2023

Listing Date05 Jul 2023

ExchangeBSE SME

UPI Deadline2023-06-26