Veritas Finance Ltd.
BSETBA
TBA
1 Shares
TBA
₹10
Financial Summary
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| 1,84,421.04 | 1,55,067.93 | |
| 1,279.73 | 1,564.85 | |
| 1,85,700.77 | 1,56,632.78 | |
| 81,053.93 | 66,596.52 | |
| 43,608.25 | 38,832.32 | |
| 33,039.48 | 29,511.16 |
Subscription Details
IPO Timeline
IPO Offer Start
TBA
IPO Offer Ends
TBA
TBA
Book Running Lead Managers
Promoter Shareholding
Pre-IPO
100.00%
Promoter stake
About the Company
Established in 2015, we are a non-deposit taking non-banking financial company (“NBFC”) registered with the Reserve Bank ofIndia (“RBI”), and under the scale-based regulations of the RBI, are classified as an ‘NBFC-Middle Layer’. As a diversified, retailfocusedNBFC, we primarily provide small business loans to micro, small and medium enterprises (“MSMEs”) and self-employedindividuals, and over the years, have expanded our business to include home loans and used commercial vehicle loans. As ofSeptember 30, 2024, our Loans (AUM) aggregated to ₹65,172.17 million.According to CRISIL MI&A, we are the fastest-growing NBFC in terms of Loans (AUM) growth among compared peers for theperiod between the Financial Years 2022 to 2024, with a compounded annual growth rate (“CAGR”) of 61.76%. As of FinancialYear 2024, the estimated MSME credit demand in India was approximately ₹138 trillion, with only 25% of this demand being metthrough formal financing channels (Source: CRISIL MI&A Report). Moreover, according to the CRISIL MI&A Report, duringFinancial Year 2024, the total addressable credit demand was ₹67.5 trillion, while current formal financing amounted to ₹35 trillion,leaving a potentially addressable MSME credit gap of ₹32.5 trillion to be fulfilled by financial institutions. The MSME credit markethas demonstrated strong growth, with credit outstanding rising at a CAGR of 15.8% from Financial Year 2019 to Financial Year2024 and is expected to grow at a CAGR of 17-19% from Financial Years 2024 to 2027 (Source: CRISIL MI&A Report). Thehousing finance market has also demonstrated strong growth, with credit outstanding rising at a CAGR of 13.6% from FinancialYear 2019 to Financial Year 2024 and is expected to grow at a CAGR of 13-15% from Financial Years 2024 to 2027 (Source:CRISIL MI&A Report).
Use of Proceeds
1.Augmenting our capital base to meet future business requirements of our Companytowards onward lending
Veritas Finance Ltd. Latest News
IPO FAQs
The for the Veritas Finance Ltd. IPO is 1 shares, which is also the minimum order quantity — you have to apply for at least 1 shares, and in multiples of 1 beyond that.
Veritas Finance Ltd. IPO shares are proposed to be listed on BSE.
Each Veritas Finance Ltd. share has a of ₹10.
Face value is the nominal value recorded in the company's books and is separate from the issue price you pay.
held 100.00% of Veritas Finance Ltd. before the IPO.
1.Augmenting our capital base to meet future business requirements of our Companytowards onward lending
IIFL Capital Services Ltd., JM Financial Ltd. and SBI Capital Markets Ltd are the for the Veritas Finance Ltd. IPO.
Pre-apply means placing your Veritas Finance Ltd. application before the subscription window actually opens. The bid is held and forwarded to the exchange on the opening day, so you don't have to submit it in the rush of the first morning.
Applying early doesn't improve your chances — when an issue is oversubscribed, the for investors is decided by a lottery, not by who applied first. Your money is only blocked once the application reaches the exchange.
You can apply in the Veritas Finance Ltd. IPO online using either UPI or ASBA as the payment method. ASBA applications are made through the net banking of a bank account that supports IPO applications — the bank blocks the amount in your account instead of debiting it. UPI applications are offered by brokers that don't provide banking services: you enter your UPI ID and then approve the mandate request in your UPI app.
Either route needs a demat account. You bid for at least one lot, at a price within the or at the cut-off price, and the money stays blocked in your bank account until the is finalised.
Your broker or bank confirms the bid once it has been submitted to the exchange, usually within a few minutes during the bidding window. A UPI application only goes live after you approve the mandate request — ignore it and the bid lapses, even though it looks placed.
You can check the Veritas Finance Ltd. bid independently on the NSE or BSE IPO bid-verification page a day after applying. An ASBA application also shows up as a blocked amount in your bank statement.