1.Augmenting our capital base to meet future business requirements of our Companytowards onward lending
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d under the scale-based regulations of the RBI, are classified as an ‘NBFC-Middle Layer’. As a diversified, retailfocusedNBFC, we primarily provide small business loans to micro, small and medium enterprises (“MSMEs”) and self-employedindividuals, and over the years, have expanded our business to include home loans and used commercial vehicle loans. As ofSeptember 30, 2024, our Loans (AUM) aggregated to ?65,172.17 million.According to CRISIL MI&A, we are the fastest-growing NBFC in terms of Loans (AUM) growth among compared peers for theperiod between the Financial Years 2022 to 2024, with a compounded annual growth rate (“CAGR”) of 61.76%. As of FinancialYear 2024, the estimated MSME credit demand in India was approximately ?138 trillion, with only 25% of this demand being metthrough formal financing channels (Source: CRISIL MI&A Report). Moreover, according to the CRISIL MI&A Report, duringFinancial Year 2024, the total addressable credit demand was ?67.5 trillion, while current formal financing amounted to ?35 trillion,leaving a potentially addressable MSME credit gap of ?32.5 trillion to be fulfilled by financial institutions. The MSME credit markethas demonstrated strong growth, with credit outstanding rising at a CAGR of 15.8% from Financial Year 2019 to Financial Year2024 and is expected to grow at a CAGR of 17-19% from Financial Years 2024 to 2027 (Source: CRISIL MI&A Report). Thehousing finance market has also demonstrated strong growth, with credit outstanding rising at a CAGR of 13.6% from FinancialYear 2019 to Financial Year 2024 and is expected to grow at a CAGR of 13-15% from Financial Years 2024 to 2027 (Source:CRISIL MI&A Report). Read MoreK FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
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The issue size of Veritas Finance Ltd. IPO is ₹0.00 - 0.00 crore.
The Veritas Finance Ltd. IPO opens for subscription on and closes on .
The price range of Veritas Finance Ltd. IPO is ₹0.00 to ₹0.00.
The lot size of Veritas Finance Ltd. IPO is shares.
The registrar of Veritas Finance Ltd. IPO is K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.).
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