Veritas Finance Limited IPO

Veritas Finance Limited IPO

Mainboard NSE & BSE 100% Book Built Offer
Open

Price Band

₹0.00

Total Issue

₹2,200.00 Cr

Bid Dates

TBA - TBA

Subscription

-

Est. GMP

₹0 (-)

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

  1. Augmenting our capital base to meet future business requirements of the Company toward
    onward lending

Financials

(Rs. in crores)

Financial Performance Metrics for Veritas Finance IPO
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%

Sanjay Namdeo Salunkhe 78.20%
Balkrishna Namdeo Salunkhe 2.26%
Other Promter 4.50%

Management

Sanjay Namdeo Salunkhe Chairman & MD
Ranjita Raman CEO
Sankesh Kashinath Mophe CFO

Frequently Asked Questions

What is Veritas Finance IPO?
Veritas Finance IPO is a Mainboard IPO having an issue size of ₹2,200.00 Crs. Veritas Finance IPO is priced at ₹0.00 - ₹0.00 per share. The issue opens on 22 Apr 26 and closes on 22 Apr 26.
When will Veritas Finance IPO open?
Veritas Finance IPO opens on 22 Apr 26 and closes on 22 Apr 26.
What is the GMP of Veritas Finance IPO?
The estimated Grey Market Premium of Veritas Finance IPO is ₹0 per share (-).
What is the lot size of Veritas Finance IPO?
The minimum lot size of Veritas Finance IPO is 0.00 shares & the minimum application amount is Rs. 0.
When is the allotment of Veritas Finance IPO?
The allotment date of Veritas Finance IPO is 22 Apr 26.
What is the listing date of Veritas Finance IPO?
The listing date of Veritas Finance IPO is 22 Apr 26.
What is the subscription of Veritas Finance IPO?
Veritas Finance IPO is subscribed -.
What is the price band of Veritas Finance IPO?
Veritas Finance IPO is priced at ₹0.00 - ₹0.00 per share.
How to check allotment status of Veritas Finance IPO?
Click the allotment link on Veritas Finance IPO page of IPO360.
How to apply Veritas Finance IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Veritas Finance IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Veritas Finance IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Veritas Finance IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date