Veritas Finance IPO
VERIT
Open Date
To be announced
Close Date
To be announced
Price Range
To be announced
Min Investment
To be announced
Lot Size
To be announced
Listing at
NSE/BSE
Issue Size
To be announced
IPO Document
Free Demat with Zero AMC*
About Veritas Finance Ltd IPO
Veritas Finance Limited, incorporated in 2015, is an RBI-registered non-banking financial company (NBFC) focused on serving underserved MSMEs, self-employed individuals, and rural borrowers across India. The company offers a diversified lending portfolio that includes small-business loans, affordable home loans, used commercial-vehicle loans, rural business loans, and unsecured working-capital loans, helping to bridge the credit gap for customers with limited access to formal banking.
The company follows a retail-focused lending model supported by a technology-driven credit assessment and risk management framework. It sources nearly 89% of its loans through its in-house network, enabling better customer engagement and faster loan processing. As of September 30, 2024, Veritas Finance operated 424 branches across 10 states and one union territory, with a strong presence in southern and eastern India. It also maintained relationships with 36 lenders and 11 holders of debt securities, providing diversified funding support for its lending operations.
As of September 30, 2024, the company had 7,704 full-time employees across its branch network and corporate functions.
Veritas Finance Limited, incorporated in 2015, is an RBI-registered non-banking financial company (NBFC) focused on serving underserved MSMEs, self-employed individuals, and rural borrowers across India. The company offers a diversified lending portfolio that includes small-business loans, affordable home loans, used commercial-vehicle loans, rural business loans, and unsecured
Veritas Finance IPO Subscription Breakdown
| Investory Category | Subscription Percentage | Amount Raised (₹ Crores) |
|---|---|---|
| Qualified Institutional Buyers (QIBs) | 50% | -- |
| Non-Institutional Investors (NIIs) | 15% | -- |
| Retail Individual Investors (RIIs) | 35% | -- |
Veritas Finance IPO Strengths & Weaknesses
Diversified retail loan portfolio focused on MSMEs, housing, vehicle finance, and working capital.
Strong branch network with 424 locations serving rural and semi-urban markets.
Technology-driven credit evaluation and robust risk management framework.
Well-diversified funding base supported by banks, NBFCs, mutual funds, and institutional investors.
Experienced management team with strong expertise in retail lending and financial services.
Veritas Finance IPO Important Dates & Issue Details
| Allotment Date | Listing Date | Refund Date |
|---|---|---|
| -- | -- | -- |
| Issue Composition: | |
|---|---|
| Face Value | ₹10 per share |
| Total Issue Size | 0 shares (aggregating up to To be announced) |
| Fresh Issue | 0 shares (aggregating up to To be announced) |
| Offer for Sale | 0 shares of ₹10 (aggregating up to To be announced) |
| Issue Type | Book Building IPO |
| Post-Issue Shareholding Pattern: | |
|---|---|
| Pre-Issue Shareholding | 100 shares |
| Post-Issue Shareholding | 100 shares |
Veritas Finance IPO Lot Size and Investment Details
| Minimum Lot Size | -- |
| Maximum Lot Size (Retail) | -- |
The lot size of Veritas Finance ipo has been designed to ensure broad participation while maintaining optimal price discovery.
How to Apply for Veritas Finance IPO
- Log in to your Choice account
- Select IPO
- Enter the number of lots and your price
- Verify UPI ID
- Complete the transaction on your UPI app
Veritas Finance IPO Contact & Registrar Details
Contact Details
Address
SKCL Central Square 1, South and North Wing, 7th Floor, Unit # C28 - C35, CIPET Road, Thiru Vi Thiru Vi ka Industrial Estate, Chennai
Phone Number
Website
Registrar Details
Registrar Name
Kfin Technologies Ltd.
Phone Number
Veritas Finance Lead Manager(s)
| Book Running Lead Manager(s) |
|---|
| IIFL Capital Services Ltd | JM Financial Ltd | SBI Capital Markets Ltd |