Veritas Finance Set to Go Public: Files DRHP for Rs 2,800-Cr IPO with Sebi
2025-01-20
Business Standard
Veritas Finance is gearing up for its initial public offering (IPO) with a draft red herring prospectus (DRHP) filing with the Securities and Exchange Board of India (Sebi). The proposed IPO comprises a fresh issue of equity shares worth Rs 600 crore and an offer for sale (OFS) of equity shares worth Rs 2,200 crore, totaling Rs 2,800 crore. This move is expected to provide a significant boost to the company's growth plans, enhancing its market presence and expanding its financial services portfolio. With this IPO, Veritas Finance aims to capitalize on the growing demand for financial services in India, driven by digital payments and fintech innovations.
