Veritas Finance Receives Sebi Approval To Launch Rs 2,800 Crore Ipo

Veritas Finance, a non-banking financial institution (NBFC) focusing connected unit finance, has received nan greenish ray from nan Securities and Exchange Board of India (SEBI) for its first nationalist offering (IPO). The nationalist offering consists of a caller rumor of equity shares worthy Rs 600 crore and an connection for waste of equity shares up to Rs 2,200 crore, each pinch a look worth of Rs 10. The IPO besides includes a preservation of shares for eligible employees. The proceeds are intended to boost Veritas's superior base, support early business needs, and facilitate onward lending.

Established successful 2015, Veritas Finance caters to nan financial needs of micro, small, and mean enterprises (MSMEs) and self-employed individuals. The institution offers various financial products, including mini business loans, location loans, and utilized commercialized conveyance loans. Veritas is recognized arsenic nan fastest-growing NBFC successful its category, boasting a compounded yearly maturation complaint (CAGR) of 61.76% from financial years 2022 to 2024, according to a CRISIL MI&A report.

The institution has strategically targeted underserved segments, focusing connected facilitating entree to in installments for MSMEs and individuals who are often overlooked by accepted finance providers. As of September 2024, nan mean indebtedness summons size was noted to beryllium ₹5 lakhs, indicating its committedness to small-scale lending, which remains a cardinal maturation area. This attack has allowed Veritas to importantly outpace marketplace maturation successful its MSME indebtedness book, covering some agrarian and municipality sectors.

Veritas Finance reported its audited financial results for FY25, wherever its full income accrued 39.5 per cent YoY to Rs 1,550.67 crore, while its nett profit accrued 20.47 per cent YoY to Rs 295.11 crore. The institution saw a 19.47 per cent YoY emergence successful nett profit astatine Rs 2,783.17 crore for nan twelvemonth reported.

Veritas Financeis classified arsenic an 'NBFC-Middle Layer' by nan Reserve Bank of India. The company's operational strategy is heavy focused connected addressing gaps successful in installments availability, thereby empowering MSMEs and self-employed individuals crossed India. The projected IPO intends to further solidify nan company's financial foundations and grow its lending capabilities.

The lead managers for nan IPO are ICICI Securities, HDFC Bank, Jefferies India, Kotak Mahindra Capital Company, and Nuvama Wealth Management. These institutions are expected to guideline nan IPO process, aiding Veritas successful navigating nan nationalist offering scenery effectively. KFin Technologies is nan registrar for nan issue.

The IPO schedule, including unfastened and adjacent dates, allotment details, and listing timelines, is anticipated to beryllium announced shortly. Veritas's attraction connected underserved niches and its accelerated maturation trajectory make it an charismatic opportunity for investors looking to put successful a institution pinch a beardown grounds of maturation and profitability.

Published on: May 6, 2025 12:46 PM IST