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IPO · Enterprise Software & IT

Veefin Solutions plans main board listing

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Date
Company
Veefin Solutions
What it does
Supply chain finance software provider
Kind
IPO
Sector
Enterprise Software & IT

What they do

Veefin develops supply chain finance and digital lending software for banks and NBFCs

What happened

Its board approved migrating from BSE SME to the main board and listing on NSE

Why it matters

The company reported FY26 operating revenue of ₹345.1 Cr, up 339% year-on-year

The details

  • Veefin Solutions' board approved migrating the company's shares from the BSE SME platform to the main board of BSE and listing on the NSE.
  • The company will seek shareholder approval through a postal ballot and obtain necessary regulatory clearances.
  • Veefin has been listed on the BSE SME since 2023.
  • Last year, the board approved a ₹94 Cr fundraise via preferential issue of equity shares and convertible warrants.
  • The company has acquired stakes in White Rivers Media, Walnut AI, and EpikInDiFi.
  • For FY26, Veefin reported operating revenue of ₹345.1 Cr, up 339% year-on-year.
  • Net profit for FY26 was ₹32 Cr, nearly doubled from the previous year.
  • In Q4 FY26, net profit was ₹16 Cr on operating revenue of ₹131.3 Cr.

The bigger picture

  • Migrating to the main board gives Veefin access to a larger pool of institutional and retail investors.
  • A main board listing typically increases a company's visibility and credibility in the market.
  • The move follows strong financial growth, with revenue more than quadrupling in FY26.

About the business

  • Veefin Solutions develops supply chain finance and digital lending software.
  • Its customers include banks, NBFCs (non-banking financial companies), fintech startups, and enterprises.
  • The company helps clients digitise and automate their lending and working capital processes.
  • Veefin has expanded through acquisitions, buying stakes in White Rivers Media, Walnut AI, and EpikInDiFi.

What happens next

  • Seek shareholder approval via postal ballot.
  • Obtain regulatory clearances for the migration and listing.

The deal

Type
ipo

Founders

  • Gautam Udani, Co-founder
  • Raja Debnath, Co-founder

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