Business Overview
Veritas Finance is a retail-focused non-banking financial company (NBFC) that primarily provides loans to MSMEs and self-employed individuals. The company operates through a network of 424 branches (excluding service centres) across 10 states and one union territory in India, offering a range of financial products, including small business loans, home loans, and used commercial vehicle loans. As of September 30, 2024, its total Loans under Management (AUM) amounted to ₹65,172.17 million across multiple lending segments. Veritas Finance focuses on extending retail credit to underserved borrowers in rural and semi-urban areas who have limited access to formal financial institutions and traditional documentation. Its growth is driven by a diversified product portfolio, broad geographic presence, and a proprietary credit assessment model designed to evaluate borrower risk effectively.
Objects of Issue
- Augmenting our capital base to meet future business requirements of the Company toward
onward lending
Financials
(Rs. in crores)
| Particulars | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| Revenue from Operations | 716.85 | 122.15 | 84.61 |
| Profit after Tax | 133.11 | 11.65 | 33.23 |
| Net Worth | 117.43 | 77.85 | 62.60 |
| Total Borrowing | 24.85 | 37.77 | 24.58 |
| Total Assets | 201.76 | 175.75 | 130.71 |
| NAV per share (in ₹) | 58.43 | 41.67 | 34.03 |
| EPS - Basic (in ₹) | 18.90 | 5.78 | 16.49 |
KPIs
EBITDA
31.93%
PAT
18.75%
ROE
37.82%
ROCE
40.90%
Debt to Equity
0.21
- All the data pertains to FY 2023-24.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
Promoter Holding
Promoter
84.96%
Public
15.04%
Management
Frequently Asked Questions
What is Veritas Finance IPO?
When will Veritas Finance IPO open?
What is the GMP of Veritas Finance IPO?
What is the lot size of Veritas Finance IPO?
When is the allotment of Veritas Finance IPO?
What is the listing date of Veritas Finance IPO?
What is the subscription of Veritas Finance IPO?
What is the price band of Veritas Finance IPO?
How to check allotment status of Veritas Finance IPO?
How to apply Veritas Finance IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply Veritas Finance IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply Veritas Finance IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Veritas Finance IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date