Veritas Finance Refiles DRHP With SEBI; Plans ₹900 Crore Fresh Issue Alongside OFS
Veritas Finance Limited, a retail-focused NBFC catering primarily to MSMEs and self-employed borrowers, has refiled its Draft Red Herring Prospectus (DRHP) with SEBI after its initial filing in January 2025. The updated draft, submitted on July 29, 2026, proposes an IPO comprising a fresh issue and an Offer for Sale (OFS).
As per the DRHP, the IPO includes a fresh issue of equity shares worth up to ₹900 crore, along with an Offer for Sale (OFS) of up to 1.28 crore equity shares by certain existing shareholders.
Veritas Finance IPO - Issue Details
- Issue Type: Book-built Issue (Fresh Issue + OFS)
- Total Issue Size: To be announced
- Fresh Issue: Up to ₹900 crore
- Offer for Sale (OFS): Up to 1.28 crore equity shares
- Face Value: ₹10 per equity share
- Listing: BSE, NSE
- Book Building Lead Managers: ICICI Securities Limited, IIFL Capital Services Limited, JM Financial Limited and SBI Capital Markets Limited
- Registrar: KFin Technologies Limited
Explore other Upcoming IPOs on BSE and NSE.
Utilisation of Veritas Finance IPO Proceeds
The company proposes to utilise the net proceeds from the fresh issue towards:
- Augmenting its capital base to meet future business requirements of the company towards onward lending
About Veritas Finance Limited
Established in 2015, Veritas Finance Limited is a non-deposit-taking NBFC registered with the Reserve Bank of India (RBI). The company primarily provides credit to underserved and underbanked borrowers, with a focus on micro, small, and medium enterprises (MSMEs) and self-employed individuals who have limited access to formal financing.
Its lending portfolio includes rural business loans, affordable home loans, used commercial vehicle loans, and unsecured working capital loans, catering to customers across rural, semi-urban, and urban markets. As of March 31, 2026, the company’s loan assets under management (AUM) stood at ₹9,134.29 crore.
Key Financial Information
|
Particulars |
FY26 (in ₹ Cr.) |
FY25 (in ₹ Cr.) |
FY24 (in ₹ Cr.) |
|
Revenue from Operations |
1,844.21 |
1,550.68 |
1,111.20 |
|
Profit After Tax (PAT) |
330.39 |
295.11 |
245.05 |
|
EBITDA |
1,046.45 |
900.31 |
660.94 |
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