Veritas Finance Limited IPO DRHP
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.
Veritas Finance IPO Objects
- Augmenting our capital base to meet future business requirements of the Company toward
onward lending
Veritas Finance IPO Details
Price Band₹0.00 |
Listing AtNSE & BSE |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹600.00 Cr ( Shares) |
Offer For Sale₹2,200.00 Cr ( Shares) |
Total Issue₹2,200.00 Cr ( Shares) |
Face Value₹10 per equity share |
Category Allocation
| Particulars | Allocation |
|---|---|
| QIBs | Not more than 50% of Net Offer |
| Big HNIs (NII) | Not less than 10% of Net Offer |
| Small HNIs (NII) | Not less than 5% of Net Offer |
| Retail | Not less than 35% of Net Offer |
| Employee | TBD |
Veritas Finance IPO Financials
| 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 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | Values |
|---|---|
| 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 Details
| Name | Shareholding |
|---|---|
| Sanjay Namdeo Salunkhe | 78.20% |
| Balkrishna Namdeo Salunkhe | 2.26% |
| Other Promter | 4.50% |
| Total | 84.96% |
Management Details
| Name | Designation |
|---|---|
| Sanjay Namdeo Salunkhe | Chairman & MD |
| Ranjita Raman | CEO |
| Sankesh Kashinath Mophe | CFO |
Company Details
Name: Veritas Finance Limited
Address: SKCL Central Square 1, South and North Wing, 7th Floor, Unit # C28 - C35, CIPET Road, Thiru Vi Ka Industrial Estate, Guindy, Chennai 600 032, Tamil Nadu, India
Number: +91 044 4615 0011
Email: cs@veritasfin.in
Website: www.jaroeducation.com
Book Running Lead Managers (BRLMs)
RTAs
KFin Technologies
Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Veritas Finance IPO is a Mainboard IPO having an issue size of Rs. ₹2,200.00 Crs. Veritas Finance IPO is priced at ₹0.00 - ₹0.00 per share. The issue opens on 11 Feb 26 and closes on 11 Feb 26.
Veritas Finance IPO opens on 11 Feb 26 and closes on 11 Feb 26.
The estimated Grey Market Premium of Veritas Finance IPO is ₹0 per share (-).
The minimum lot size of Veritas Finance IPO is 0.00 shares & the minimum application amount is Rs. 0.
The allotment date of Veritas Finance IPO is 11 Feb 26.
The listing date of Veritas Finance IPO is 11 Feb 26.
Veritas Finance IPO is subscribed -.
Veritas Finance IPO is priced at ₹0.00 - ₹0.00 per share.
Click the allotment link on Veritas Finance IPO page of IPO360.
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- Select the IPO you want to apply
- Enter your bid details and price
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- 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
