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IPO Snapshot    
Veefin Solutions Ltd.
Issue Open Date 22-Jun-23  
Issue Closing Date 26-Jun-23  
Application Money 100  
Allotment Money  
Price Band 82 -  
Minimium Application No. 1600  
Issue Size (Shares) 5699200  
Market Lot 1.00  
Objective
1. Global – sales and marketing expenditure.2. Developing new products or enhancement and maintenance, upgrading or updating existing products.3. General corporate purposes.
Category No. of Shares No. of Shares Subscription Ratio
  Offered / Reserved Bid For  
Non-Institutional Investors     9096000   NA  
Qualified Institutional Buyers     56000   NA  
Retail Individual Investors     4473600   NA  
Business Description
Our Company is a Digital Lending and Supply Chain Finance (SCF) technology product solutions company based in Mumbai. Supply Chain finance is a financial tool that is used to help businesses manage their cash flow and improve their working capital. We provide
more...
Promoter's Holding
Total Share Capital   10316510  
Offered to Public   5699200  
Promoter's Holding (Pre-Issue)   56.26  
Promoter's Holding (Post-Issue)   39.84  
Address
Global One
2nd Floor
252
Lal Bahadur Shastri Marg
Kurla (West)
Mumbai ,
Maharashtra ,
400070
Phone: 09004917712
Email: investors@veefin.com
Website: www.veefin.com
Registrar
Bigshare Services Pvt Ltd
Office No S6-2
6th Floor
Pinnacle Business Park
Next to Ahura Centre
Mahakali Caves Road
Andheri (E)
Mumbai
Listed at
BSE
Lead Manager
Shreni Shares Pvt Ltd.
Promoters
Gautam Vijay Udani
Raja Debnath
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RISK DISCLOSURES ON DERIVATIVES

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to ₹ 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
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