Ad www.AngelOne.in
FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Ad www.AngelOne.in
SME IPO Status: Listed [22nd Jun 2023 to 26th Jun 2023]
Veefin Solutions Ltd IPO worth Rs 46.73 crore through 50% fresh issue and 50% offer for sale is coming soon. The IPO opens for subscription from 22 Jun 2023 to 26 Jun 2023.The face value is Rs 10 per share and the issue price is 8.2 times equals to Rs 82/share. One can apply for the lot size of 1600 shares and in multiples.
Stay tuned for more on Veefin Solutions BSE SME IPO Review, including company overview, financials, live subscription, allocation, GMP and more.
| SME IPO Issue Opening Date: | 22nd Jun 2023 |
| SME IPO Issue Closing Date: | 26th Jun 2023 |
| SME IPO Issue Price: | ₹82.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | BSE SME |
| Retail Quota: | Not less than 50.00% of the Offer |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹46.73 Cr |
| Offer for Sale: | ₹23.37 Cr |
| Fresh Issue: | ₹23.37 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 56.26% |
| Promoter Holding Post IPO: | 39.84% |
| Allotment Status: | Allotment Status |
| BSE Code: | 543931 |
Get important updates regarding Veefin Solutions SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 30th Jun 2023 |
| Refunds Initiation* | 3rd Jul 2023 |
| Credit of Shares to Demat* | 4th Jul 2023 |
| SME IPO Listing Date* | 5th Jul 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹82.00 |
| Market Lot: | 1600 Shares |
| 1 Lot Amount: | ₹131200 |
| Min HNI Lots: | 3200 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 05-07-2023 | 82 | 3 | -- | ₹85 (3.66%) | 5-Jul-2023 9:00 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Veefin Solutions is a Mumbai-based Digital lending and Supply Chain Finance (SCF) technology solution provider company. SCF is a financial tool that helps businesses to manage their cash flows and working capital as well. Its all-in-one cutting-edge technology platform offers end-to-end integrated omni-channel solutions to cater to the diverse needs of customers.
The company offers products to different types of customers including Banks, NBFCs, Marketplaces, Corporates, and Fintechs. It has been associated with many leading global banks like Citi Bank, BRAC, VP Bank, and Bahrain Development Bank while the Indian banking clientele base includes IndusInd Bank, Ujjavan Small Finance, Indian Bank, Yes Bank, and others. It also collaborates with NBFCs and Fintech like Aditya Birla Capital, Mintifi, and Ambit Finvest.
| Incorporation | Sector | IPO Issue Size | Website |
| 2020 | Supply Chain Finance | ₹46.73 Cr | https://www.veefin.com/ |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 2,705,600 (50%) | 2,705,600 (50%) | 5,411,200 | |
| 1 | 22nd Jun 2023 19:04 | 0.80x | 0.20x | 0.50x |
| 2 | 23rd Jun 2023 19:04 | 1.48x | 0.59x | 1.05x |
| 3 | 26th Jun 2023 19:04 | 3.26x | 1.65x | 2.46x |
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-22 | 1,607.93 | 655.19 | 70.01 | 925.10 | 923.86 | 346.32 |
| 31-Jan-23 | 4,821.70 | 1,262.36 | 350.02 | 4,293.21 | 2,459.43 | 50.81 |
| Amount in ₹ Lakhs | ||||||
Last Updated on 08-Jul-2023 19:55:43
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Veefin Solutions SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Veefin Solutions SME IPO with Zerodha.
Alternate approch to apply in Veefin Solutions SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Veefin Solutions SME IPO Review and Important Updates
Other relevant questions :
How to subscribe Veefin Solutions SME IPO Zerodha? How to purchase Veefin Solutions SME IPO on Zerodha? Veefin Solutions SME IPO how to buy Zerodha? Veefin Solutions SME IPO Zerodha apply. Veefin Solutions SME IPO purchase Zerodha. Veefin Solutions SME IPO with Zerodha. Veefin Solutions SME IPO at Zerodha. Veefin Solutions SME IPO kite Zerodha. Veefin Solutions SME IPO using Zerodha. Veefin Solutions SME IPO via Zerodha.
To subscribe or apply in Veefin Solutions SME IPO, you can use the following methods:
| Veefin Solutions SME IPO Applying Mode | Method | Details |
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Veefin Solutions SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Veefin Solutions SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Veefin Solutions SME IPO. Most of the Syndicate Banks provide access to apply in Veefin Solutions IPO via ASBA process. You must have your net banking access, DP ID information to apply in Veefin Solutions SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Veefin Solutions SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Veefin Solutions SME IPO Review and Important Updates
Other relevant question on same topics are:
Where to subscribe Veefin Solutions SME IPO? Where to apply for Veefin Solutions SME IPO? How to subscribe Veefin Solutions SME IPO online? Veefin Solutions SME IPO where to apply? Where to buy Veefin Solutions SME IPO online? How to buy Veefin Solutions SME IPO online? How to purchase Veefin Solutions SME IPO? How to get Veefin Solutions SME IPO? How to book Veefin Solutions SME IPO? How to invest Veefin Solutions SME IPO? Veefin Solutions SME IPO kaise buy kare?
Veefin Solutions SME IPO is going to be list on 05-07-2023. BSE Code for Veefin Solutions is 543931.
Other relevant questions:
When Veefin Solutions SME IPO will be listing? Veefin Solutions SME IPO BSE listing date?Veefin Solutions SME IPO date of listing
Veefin Solutions SME IPO Allotment Date is 30-06-2023.
Other relevant questions:
Veefin Solutions SME IPO share allotment date?Veefin Solutions SME IPO allotment date?
Supply chain finance Co Veefin already Raised Pre IPO $3 million in funding from Dubai based HNI ,RAJESH RAJENDRAN ( SHOBHA DEVELOPERS - DUBAI).