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Upcoming IPO: Veritas Finance files DRHP at SEBI for ?2,800 crore public issue


Published on 2025-01-20 06:21:06 - MSN
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  • Veritas Finance Limited IPO aggregating up to
  • 2,800 crore through equity shares with a face value of
  • 10 each. The promoter-selling shareholder will entirely undertake the OFS.

Veritas Finance, a non-banking financial company (NBFC) focused on providing loans to micro, small, and medium enterprises (MSMEs), has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) to raise up to ₹2,800 crore. The IPO comprises a fresh issue of equity shares worth ₹1,800 crore and an offer for sale (OFS) of shares amounting to ₹1,000 crore by existing shareholders. The funds raised from the fresh issue are intended for augmenting the company's capital base to meet future business requirements. The promoters and shareholders selling shares in the OFS include entities like True North Fund V LLP, among others. The IPO aims to provide an exit route for some of the early investors while also allowing the company to expand its operations.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/money/markets/upcoming-ipo-veritas-finance-files-drhp-at-sebi-for-2-800-crore-public-issue/ar-AA1xviwf ]
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