31 Mar 2022
Assets16.08
Total Income6.55
Profit After Tax0.70
NET Worth9.25
Reserves and Surplus9.24
Total Borrowing3.46
At a glance
Updated 2026-08-23The shares listed at ₹86.05, a 4.94% move from the issue price. Veefin Solutions is a SME IPO with an issue size of ₹46.73 crore, proposed for listing on BSE SME. The offer opens on 22nd Jun 2023 and closes on 26th Jun 2023. The issue structure includes a fresh issue of ₹21.01 crore and an offer-for-sale component of ₹23.37 crore. The current listing schedule points to 5th Jul 2023.
Issue details
Listing atBSE SME
Issue typeFixed Price Issue
Issue size₹46.73 Cr
Fresh issue₹21.01 Cr
Offer for sale₹23.37 Cr
Face value₹10
Price band—–—
Allotment30th Jun 2023
Listing5th Jul 2023
Listing performance
Full performance ↗Issue price₹82.00
Listing price₹86.05
Current price—
Listing gain4.94%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹3.00
GMP / upper priceNO DATA
Est. listing₹85.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens22nd Jun 2023
Closes26th Jun 2023
Allotment30th Jun 2023
Refund3rd Jul 2023
Demat4th Jul 2023
Listing5th Jul 2023
Subscription demand
Full bidding ↗Total2.46×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 1600 | — |
Company
Incorporated2020
Use of proceeds
| Object | Amount |
|---|---|
| Global – sales and marketing expenditure | ₹4.80 Cr |
| Developing new products or enhancement and maintenance, upgrading or updating existing products; and | ₹15.50 Cr |
| General corporate purposes | ₹2.54 Cr |
Financials
Full financials ↗31 Jan 2023
Assets48.22
Total Income12.62
Profit After Tax3.50
NET Worth42.93
Reserves and Surplus24.59
Total Borrowing0.51
Trend chart₹ crore
KPIs
| KPI |
|---|
| ROE |
| ROCE |
| Debt / Equity |
| RoNW |
| PAT Margin |
Valuation & shareholding
Pre-IPO EPS0.48
Pre-IPO P/E41.41
Promoter holding pre56.26%
Promoter holding post39.84%
Market cap₹173.74 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| Lead manager(s) fees including underwriting commission | ₹0.80 Cr |
| Brokerage, selling commission and upload fees | ₹0.01 Cr |
| Registrar to the Offer | ₹0.02 Cr |
| Legal Advisors | ₹0.02 Cr |
| Advertising and marketing expenses | ₹0.02 Cr |
| Regulators including stock exchanges | ₹0.02 Cr |
| Printing and distribution of Offer stationary | ₹0.01 Cr |
| Others, if any (market making, depositories, marketing fees, secretarial, peer review auditors, etc.) | ₹0.17 Cr |
Registrar & lead managers
Registrar
Bigshare Services Pvt.Ltd.Lead managers
- Shreni Shares Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-23.