Veritas Finance IPO GMP, Open Date, Price Band, DRHP Filed

Veritas Finance IPO GMP will be available once the IPO is open for subscription. Veritas Finance files DRHP to SEBI for its upcoming IPO. This IPO's open date is expected to be in the first week of May 2025. This upcoming IPO is a book-built issue offering a combination of fresh issue and offers for sale. The company is offering worth up to Rs 600 crore equity shares as a fresh issue and worth up to Rs 2,200 crore equity shares as an offer for sale.

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Veritas Finance IPO GMP

Veritas Finance IPO GMP has not yet started. The IPO GMP today indicates the interest of retail investors in the IPO. You can check the latest IPO Grey Market Premium today online from the first day of subscription.

Veritas Finance IPO GMP Live status will indirectly impact the sentiments of the IPO investors. If the Grey Market Premium is quoting at 10% or above, then the possibility of the oversubscription increases. 

However, if the Live IPO GMP quotes are 10% or below the premium, then most investors tend to lose interest in applying for the IPO and the probability of the under-subscription increases. Here, in the Veritas Finance IPO, GMP is expected to quote the initial ticks at a premium of 12% or above.

Veritas Finance IPO Open Date, Close Date

Veritas Finance IPO's open date and close date are expected to be in the first week of May 2025. However, as of now, the open and close date has not yet been finalised.

Veritas Finance IPO Price Band

Veritas Finance IPO price band will be available soon. The minimum amount of investment for the retail category is to be under Rs 15,000, and for small HNI, the minimum investment will be under Rs 2,10,000.

Veritas Finance IPO Issue Size

Veritas Finance IPO issue size is of worth up to Rs 600 crore equity shares as a fresh issue and worth up to Rs 2,200 crore equity shares as an offer for sale. The total number of equity shares that will be issued in this IPO is not yet disclosed however, the total aggregate size of this IPO in rupees is Rs 2,800 crores.

Veritas Finance IPO Allotment Status

Veritas Finance IPO allotment status will be available once the IPO is available for subscription. The listing will be on the BSE and NSE platforms. The registrar of this IPO is KFin Technologies Limited. Investors can check their allotment status after the subscription of the IPO ends.

Veritas Finance IPO Listing Date

Veritas Finance IPO's listing date will be near second week of May 2025. The listing will be on BSE and NSE platforms. Retail investors can sell the shares after 10 AM on the listing day.

Veritas Finance IPO: Listing Date, Lot Size, Price Band

Veritas Finance Limited: About the Company

Veritas Finance Private Limited, founded on April 30, 2015, is a Chennai-based financial services company dedicated to empowering India's micro, small, and medium enterprises (MSMEs). 

Veritas Finance focuses on bridging the credit gap for small business owners by offering financial solutions such as working capital loans and business expansion funding.

With a strong presence across Tamil Nadu, Puducherry, and other regions, Veritas operates through an extensive branch network to ensure accessibility for underserved communities.

Backed by robust financial expertise and customer-centric services, Veritas Finance is committed to fostering financial inclusion and driving sustainable growth for MSMEs.

Its innovative approach and focus on informal sectors make it a trusted partner for entrepreneurs seeking reliable credit support. 

Veritas Finance IPO Objectives

Veritas Finance IPO's objective is to utilise the net proceeds towards augmenting capital base to meet future business requirements of the company towards onward lending and into general corporate purposes.

Veritas Finance IPO: Key Dates, Allotment, Listing Date

Veritas Finance Financials (Amt in Rs Cr)

Vidya Wires Limited posted revenue of Rs 1,057.06 crore and Profit After Tax reported Rs 245.05 crore for the period ending on March 31, 2024. The company's revenue increased by 62.01% and PAT massively increased by 38.92% for the FY ending 2024 compared to FY ending 2023.

Veritas Finance IPO Subscription Details, IPO Reservation

Veritas Finance IPO subscription details will be available soon. Veritas Finance IPO reservation is as follows: not more than 50% of the offer is reserved for Qualified Institutional Buyers (QIBs), not less than 15% for Non-Institutional Investors (NIIs), and not less than 35% for retail investors is reserved.

Veritas Finance IPO Lot Size Details

Veritas Finance IPO lot size will be revealed soon. The minimum amount of investment for the retail category is to be under 15,000, and for small HNI, the minimum investment will be under 2,10,000.

Veritas Finance IPO Promoter Holdings

As per prospectus filed to the SEBI by company. The company is a professionally managed company and does not have any identifiable promoters.

Veritas Finance IPO Registrar

Veritas Finance IPO registrar is KFin Technologies Limited. On the date of allotment, investors can visit the registrar's website, select the name of the company, and enter their PAN number or application ID to learn their allotment status.

Veritas Finance IPO Lead Managers

Veritas Finance IPO lead managers are ICICI Securities Limited, HDFC Bank Limited, Jefferies India Private Limited, Kotak Mahindra Capital Company Limited and Nuvama Wealth Management Limited.

How to apply to Veritas Finance IPO

Interested investors can apply to the Veritas Finance IPO directly from the Bigul trading app by clicking here. Investors can also check the details of other upcoming IPO on the Bigul app and website.

Veritas Finance IPO FAQ

1. What are the details of the Veritas Finance IPO?

Veritas Finance IPO is a book-built issue offering a fresh issue worth up to 600 crore equity shares and worth up to Rs 2,200 crore equity shares as an offer for sale, aggregating a total issue size of Rs 2,800 crore.

2. When will the Veritas Finance IPO open and close?

Veritas Finance IPO's open date is expected to be in the first week of May 2025. However, as of now, the open and close date has not yet been finalised.

3. What is Veritas Finance IPO GMP?

Veritas Finance IPO GMP quotation is not yet available. You can check the latest GMP price and reliable GMP soon once the subscription starts. If the subscription is oversubscribed, then Veritas Finance IPO GMP will also rise.

4. Write the details of the IPO Allotment Status.

Veritas Finance IPO allotment status will be available once the IPO is available for subscription. The listing will be on the BSE and NSE platforms. The registrar of this IPO is KFin Technologies Limited. Investors can check their allotment status after the subscription of the IPO ends.

5. Who are the registrar and the lead managers for Veritas Finance IPO?

Veritas Finance IPO registrar is KFin Technologies Limited. On the date of allotment, investors can click on the registrar's website, select the name of the company, and enter their PAN number or application ID. The lead managers of Veritas Finance IPO are ICICI Securities Limited, HDFC Bank Limited, Jefferies India Private Limited, Kotak Mahindra Capital Company Limited and Nuvama Wealth Management Limited.

Also Read:

• What is IPO?
• What is IPO GMP?
• Difference between IPO and FPO For Beginners
• Difference between SME IPO and Mainline IPO?