IPO Details

Veefin Solutions Ltd
Registered Office: # 601 602 & 603 Neelkanth, Corporate IT Park Kirol Rd Vid, Mumbai - 400086, Maharashtra
Phone: +91 9004917712
Email: investors@veefin.com
Website: www.veefin.com
Initial public offering of 56,99,200 equity shares of face value of Rs. 10/- each ("Equity Shares") of Veefin Solutions Limited ("Veefin" or "The Company" or "The Issuer") for cash at a price of Rs. 82/- per equity share (including a premium of Rs. 72/- per equity share) ("Offer Price") aggregating to Rs. 46.73 crores comprising of fresh offer of 28,49,600 equity shares aggregating to Rs. 23.37 crores ("Fresh Offer") and an offer for sale of 28,49,600 equity shares by Raja Debnath, Gautam Vijay Udani and Ajay Babu Rajendran ("Selling Shareholders") aggregating to Rs. 23.36 crores ("Offer for Sale") ("The Offer") of which 2,88,000 equity shares aggregating to Rs. 2.36 crores will be reserved for subscription by market maker ("market Maker Reservation Portion"). The offer less the market maker reservation portion i.e. offer of 54,11,200 equity shares of face value of Rs. 10/- eachat an offer price of Rs. 82/- per equity share aggregating to Rs. 44.37 croress ("Net Offer"). The offer and the net offer will constitute 26.90% and 25.54% of the post-offer paid-up equity share capital of the company. The face value of the equity shares is Rs. 10/- each and the offer price is 8.2 times of the face value.

Issue		Money Payable On
Opens On	Closes On	Application	Allotment
22-Jun-2023	26-Jun-2023	₹ 82.00	₹ 0.00

Projects
Global Sales & Marketing Expenditure
Developing new Products or enhancement & maintenance upgrading or updating existing products
General corporate purposes

Promoted By
Raja Debnath
Gautam Vijay Udani

Listing At
BSE - SME

Registrar to the Issue