IPO IPO-Synopsis
Veefin Solutions Ltd

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Registered Office: # 601 602 & 603 Neelkanth,Corporate IT Park Kirol Rd Vid , Mumbai - 400086 , Maharashtra , India.
Phone : +91 9004917712   Fax:
Email :  investors@veefin.com  
Website :  www.veefin.com
Initial public offering of 56,99,200 equity shares of face value of Rs10/- each ("Equity Shares") of Veefin Solutions Limited ("Veefin" or "The Company" or "The Issuer") for cash at a price of Rs82/- per equity share (including a premium of Rs72/- per equity share) ("Offer Price") aggregating to Rs46.73 crores comprising of fresh offer of 28,49,600 equity shares aggregating to Rs23.37 crores ("Fresh Offer") and an offer for sale of 28,49,600 equity shares by Raja Debnath, Gautam Vijay Udani and Ajay Babu Rajendran ("Selling Shareholders") aggregating to Rs23.36 crores ("Offer for Sale") ("The Offer") of which 2,88,000 equity shares aggregating to Rs2.36 crores will be reserved for subscription by market maker ("market Maker Reservation Portion"). The offer less the market maker reservation portion i.e. offer of 54,11,200 equity shares of face value of Rs10/- eachat an offer price of Rs82/- per equity share aggregating to Rs44.37 croress ("Net Offer"). The offer and the net offer will constitute 26.90% and 25.54% of the post-offer paid-up equity share capital of the company. The face value of the equity shares is Rs10/- each and the offer price is 8.2 times of the face value.

Issue Money Payable On
Opens On Closes On Application Allotment
22-Jun-23 26-Jun-23 Rs82.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :1600  Further Multiples of :1600

  Rs Cr Lead Managers to the Issue
Project Cost 22.84
Shreni Shares Pvt Ltd
Project Financed through Current Offer 46.73  
Post Issue Equity Share Capital 21.19  
Issue Price Rs82.00  
Projects
Global Sales & Marketing ExpenditureGeneral corporate purposes
Developing new Products or enhancement & maintenance upgrading or updating existing products
Promoted By
Raja Debnath
Gautam Vijay Udani
Listing At
BSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd