Veritas Finance ₹2,800 Crore IPO: Key Details and SEBI Filing Update
2025-01-20
Live Mint on MSN.com
Veritas Finance Limited is set to launch its initial public offering (IPO) worth ₹2,800 crore, consisting of equity shares with a face value of ₹10 each. The offer for sale (OFS) will be entirely undertaken by the promoter-selling shareholder, as part of the company's plans to expand its operations and reduce debt. This IPO is expected to attract significant attention from investors, given the growing demand for financial services in India. With the DRHP filed at SEBI, the stage is set for a major public issue. Key highlights of the IPO include the issue size, equity share value, and the objectives of the issue, which will be used for debt repayment and business expansion, driving growth in the financial sector.
