Veefin Solutions Limited

Company Profile
Company Name Veefin Solutions Limited
Open Date 22-06-2023
Close Date 26-06-2023
Exchange BSE SME
Lot Size 1600 Shares
Issue Price ₹82 per share
Issue Size 56,99,200 Equity Shares
Application Amount ₹ 1,44,000
Recommendation Avoid
Company is a Digital Lending and Supply Chain Finance (SCF) technology product solutions company based in Mumbai. Supply Chain finance is a financial tool that is used to help businesses manage their cash flow and improve their working capital. Company provides product solutions to wide range of clients globally, including Banks, Non-Banking Financial Institutions, FinTech, Marketplaces, and Corporates. Technology product solutions are unique offering, which are designed with user-led approach, data and analytics, and built by experienced bankers for bankers. This empowers bankers and financial institutions to offer highly customised solutions to their clients, tailoring loan products both regular and transaction-based on their clients’ unique requirements.
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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-21 Mar-22 Jan-23
Total Assets 879.66 1,565.21 4,739.90
Net Assets 104.39 887.47 4,235.98
Total Borrowings 473.61 346.32 36.28
Total Revenue 80.78 618.89 1,131.63
Profit After Tax 14.37 28.93 330.42

Tentative Timeline

Opening Date 22-06-2023
Closing Date 26-06-2023
Basis of Allotment 30-06-2023
Initiation of Refunds 03-07-2023
Credit of Shares to Demat 04-07-2023
Listing Date 05-07-2023

Objects of the Issue

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

Contact Information

Registered Office Veefin Solutions Limited Off No-601, 602 & 603, Neelkanth Corporate IT Park, Kirol Road, Vidhyavihar (West), Mumbai – 400 086
Phone +91 9004917712

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200

IPO Reservation

Market Maker Shares Offered 288,000 (5.05%)
Other Shares Offered 27,05,600 (47.47%)
Retail Shares Offered 27,05,600 (47.47%)
Total Shares Offered 56,99,200 (100%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 56.26%
Share Holding Post Issue (Promoters) 39.84%

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