IPO Synopsis

Veefin Solutions Ltd

Registered Office: # 601 602 & 603 Neelkanth,Corporate IT Park Kirol Rd Vid, Mumbai - 400086, Maharashtra, India. Phone : +91 9004917712   Fax: Email : investors@veefin.com Website :www.veefin.com

Initial public offering of 56,99,200 equity shares of face value of Rs. 10/- each ("Equity Shares") of Veefin Solutions Limited ("Veefin" or "The Company" or "The Issuer") for cash at a price of Rs. 82/- per equity share (including a premium of Rs. 72/- per equity share) ("Offer Price") aggregating to Rs. 46.73 crores comprising of fresh offer of 28,49,600 equity shares aggregating to Rs. 23.37 crores ("Fresh Offer") and an offer for sale of 28,49,600 equity shares by Raja Debnath, Gautam Vijay Udani and Ajay Babu Rajendran ("Selling Shareholders") aggregating to Rs. 23.36 crores ("Offer for Sale") ("The Offer") of which 2,88,000 equity shares aggregating to Rs. 2.36 crores will be reserved for subscription by market maker ("market Maker Reservation Portion"). The offer less the market maker reservation portion i.e. offer of 54,11,200 equity shares of face value of Rs. 10/- eachat an offer price of Rs. 82/- per equity share aggregating to Rs. 44.37 croress ("Net Offer"). The offer and the net offer will constitute 26.90% and 25.54% of the post-offer paid-up equity share capital of the company. The face value of the equity shares is Rs. 10/- each and the offer price is 8.2 times of the face value. Issue Opens On Closes On 22-Jun-23 26-Jun-23 Money Payable On Application Allotment 82.00 0.00 Minimum Application for shares in Nos : 1600 Further Multiples of : 1600 Cr Lead Managers to the Issue Project Cost (.Cr) 22.84 Shreni Shares Pvt Ltd Project Financed through Current Offer (.Cr) 46.73   Post Issue Equity Share Capital (.Cr) 21.19 Issue Price () 82.00

Projects

Global Sales & Marketing Expenditure Developing new Products or enhancement & maintenance upgrading or updating existing products General corporate purposes

Promoted By

Raja Debnath

Gautam Vijay Udani

Listing At

BSE - SME

Registrar to the Issue

No Data Available