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Veefin Solutions IPO is a book build IPO listing on BSE SME exchange. The company is based in Mumbai and caters to Banking And Finance - FinTech sector. Shreni Shares is the merchant banker of Veefin Solutions IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 15th May 2023.
Veefin Solutions IPO open date is 22nd June 2023 and close date is 26th June 2023. IPO Allotment Date is 30th June 2023 and Listing date is 5th July 2023.Veefin Solutions IPO size is Rs 46.73 Cr. crores with IPO price of Rs 82.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Shreni Shares Limited is the book-running lead manager of the Veefin Solutions IPO. Bigshare Services Private Limited is the Registrar and Market Maker is Shreni Shares Limited for Veefin Solutions IPO.
Veefin Solutions IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Veefin Solutions IPO, based in Mumbai, operates in the Banking And Finance - FinTech sector with a focus on Financial service provider. The company is launching its SME IPO on the BSE SME exchange, using the Fixed Price Issue method. Veefin Solutions IPO size is ₹ 46.73 Cr. Crores with fresh issue size of Rs 46.73 Cr. Crores and Offer for sale being 46.73..
The IPO allotment date for Veefin Solutions IPO is expected to be 30th June 2023, after the finalization of basis of allotment. Investors can check Veefin Solutions IPO allotment status on the registrars website, Bigshare Services Private Limited. Veefin Solutions IPO refund dates are 3rd July 2023.
Veefin Solutions IPO is expected to be listed on 5th July 2023.
The upper price band for the Veefin Solutions IPO is set at ₹ 82.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Veefin Solutions IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Veefin Solutions IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 26th June 2023. After submission, funds are blocked until the basis of allotment of Veefin Solutions IPO is finalised.
The merchant banker for Veefin Solutions IPO is Shreni Shares Limited . Shreni Shares Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Veefin Solutions IPO RHP for further details.
The registrar for Veefin Solutions IPO is Bigshare Services Private Limited. Investors can go to Bigshare Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Veefin Solutions IPO through their official website or helpline.
Veefin Solutions IPO was subscribed 2.46 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 46.73 Cr.
Avg IPO Size (Sector Based)
:
₹ 36.74 Cr.
Sector: Banking And Finance - FinTech
SME IPO so far:
10
Merchant Banker:
Shreni Shares
SME IPO by BRLM so far:
47
City:
Mumbai
SME IPO so far:
280
Revenue (annualised):
₹ 14.56 cr.
PE
Ratio:
41.41x
Average Sector PE Ratio: 28.33x
Veefin Solutions IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Veefin Solutions Financial Review Page
Merchant Banker(s) of Veefin Solutions IPO: Shreni Shares Limited
Veefin Solutions IPO subscription was 2.46 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Veefin Solutions IPO listed at a listing price of 86.05 against the offer price of 82.00.
The current market price of Veefin Solutions is 302.20.
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