Veefin Solutions Limited is digital lending and supply chain finance(SCF) technology product solutions company which is located in Mumbai. The company offers its unique technology products to a wide range of clients globally which includes banks, non-banking financial institutions, FinTech companies, marketplaces, and corporates. Veefin Solutions Limited’s products are created with a user-led approach, using data and analytics, and developed by experienced bankers for bankers.
Veefin Solutions Limited’s supply chain finance (SCF) tool is instrumental in assisting businesses with cash flow management and optimizing working capital. This tool offers many advantages, such as fostering stronger buyer-supplier relationships through the facilitation of upfront payments and addressing operating capital requirements. Additionally, SCF enables buyers and suppliers to reduce their capital costs, enhancing profitability and improving competitiveness.
Supply chain finance (SCF) serves as a financial instrument that supports businesses in effectively managing their operating cash flow and optimizing working capital. SCF yields various benefits, including strengthening buyer-supplier relationships, mitigating the risk of non-payment, and decreasing capital costs for all parties involved. Moreover, SCF plays a pivotal role in stabilizing the supply base and driving growth for small and medium-sized enterprises (SMEs) by providing vital funding, bridging financial gaps, and boosting liquidity.
Veefin Solutions Limited has a strong management team with extensive industry experience and established customer relationships. Led by Mr. Raja Debnath, Chairman, and Managing Director, and Mr. Gautam Vijay Udani, Wholetime Director, the team has successfully identified new opportunities and implemented business strategies, positioning Veefin Solutions Limited as a leader in providing innovative digital technology solutions.
Veefin Solutions Limited IPO Complete Details:
| IPO Date | 22 June 2023 to 26 June 2023 |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Face Value | 10 Rs. Per Share |
| Price | 82 |
| Lot Size | 1600 |
| Issue Size | 5,699,200 shares (Rs.46.73 Cr) |
| Fresh Issue | 2,849,600 shares (Rs.23.73 Cr) |
| Offer For Sale | 2,849,600 shares (Rs.23.73 Cr) |
| Listing Date | 05 July 2023 |
Veefin Solutions Limited IPO Timetable:
| Activity | Date* |
|---|---|
| Opening Date | 22 June 2023 |
| Closing Date | 26 June 2023 |
| Allotment | 30 June 2023 |
| Initiation of Refunds | 03 July 2023 |
| Credit of Shares to Demat Account | 04 July 2023 |
| Listing Date | 05 July 2023 |
Company Financial Details:
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Borrowings |
|---|---|---|---|---|---|
| 31 March 2022 | 1,607.93 | 655.19 | 70.01 | 925.10 | 346.32 |
| 31 January 2023 | 4,821.70 | 1,262.36 | 350.02 | 4,293.21 | 50.81 |
AS OF NOW, the GMP OF Veefin Solutions Limited is Around 01 Rs.