Veefin Solutions Ltd - IPO

Veefin Solutions Ltd IPO Details

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.

Objective of issue

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

Veefin Solutions Ltd Contact Details

Veefin Solutions Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - investors@veefin.com

Website - www.veefin.com