247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

Veefin Solutions Limited IPO (Veefin Solutions IPO) Details

Veefin Solutions Limited is an Banking And Finance - FinTech based company, located in Mumbai, Veefin Solutions Limited IPO size was 46.73 Cr. and was issued at 82.00 per share. The share of Veefin Solutions Limited were listed at 86.05 per share and are currently trading at 545.80 per share.

  Mumbai
  Banking And Finance - FinTech
Type :
Sub Sector :
SME IPO
BSE SME

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
15.14 Cr.
PAT :
4.20 Cr.

Pricing Report

Issue Price :
82.00
Listing Price :
86.05
Current Market Price :
545.80
Issue Price vs CMP :
463.8 (565.61%)
listing Price vs CMP :
459.75 (534.28%)

Performance Report (CAGR* wise)

CAGR : 239.53
-ve 0 6 9 12+
Above Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

About Veefin Solutions

Company Information
Veefin Solutions 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. They provide their product solutions to wide range of clients globally, including Banks, Non-Banking Financial Institutions, FinTech, Marketplaces, and Corporates. Their technology product solutions are unique offering, which are designed with user-led approach, data and analytics, and built by experienced bankers for bankers. Their SCF product and platform are highly flexible and can be promptly configured to meet the specific needs of their clients, without relying on third-party execution. Their cutting-edge technology products offer unmatched flexibility to their clients, facilitating quick and efficient configuration and
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Object of Issue
  • Global sales and marketing expenditure
  • Developing new products or enhancement and maintenance, upgrading or updating existing products
  • General Corporate Purpose
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Detailed Review

Veefin Solutions SME IPO Details (at the time of IPO)

IPO Type :
Fixed Price
IPO Date :
Jul, 2023
IPO Size :
46.73 Cr.
Market Cap :
173.74 Cr.   
IPO Subscription :
2.46 X     
PE Multiple :
41.41
Merchant Banker :
Shreni Shares Limited
IPO Registrar:
Bigshare Services Private Limited
Anchor Investors:

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FAQs

Veefin Solutions operates in Banking And Finance - FinTech and . The Issue is listed on BSE SME in Jul, 2023. Veefin Solutions IPO size was 46.73 Cr. with Issue price of 82.00 .

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 545.80.

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