Veritas Finance Aims to Raise ₹2,800 Crore via IPO: Draft Papers Filed with SEBI
Veritas Finance has taken a significant step towards its initial public offering (IPO) by filing draft papers with the Securities and Exchange Board of India (SEBI). The proposed IPO is set to mobilize ₹2,800 crore, comprising a fresh issue of equity shares worth ₹600 crore and an Offer-for-Sale (OFS) of equity shares worth ₹2,200 crore. This move is expected to boost the company's growth and expansion plans, making it an attractive opportunity for investors in the financial sector. With the draft red herring prospectus (DRHP) filed, Veritas Finance is poised to make a significant impact in the market, leveraging the IPO to further its business goals and steer future growth. Key terms like IPO news and SEBI filings are being closely watched.
