Veritas Finance files DRHP for IPO with ₹900 crore fresh issue
Retail-focused NBFC Veritas Finance has filed draft papers for an IPO comprising a fresh issue of up to ₹900 crore and an offer for sale of up to 12.83 million shares. The company plans to use proceeds to strengthen lending capital for MSMEs, self-employed borrowers, home loans and used commercial vehicles.
Retail-focused NBFC Veritas Finance filed its DRHP for an IPO comprising a Rs 900 crore fresh issue and 12.83 million-share OFS. Proceeds will strengthen capital for lending to MSMEs, self-employed borrowers, home-loan customers and used-commercial-vehicle buyers.
Why this matters
The DRHP filing advances Veritas Finance's recent IPO plan, following a signal on its proposed ₹900 crore fresh issue and 12.8 million-share OFS.
Retail-company signals are accelerating, up 313625% QoQ.