Veritas Finance Limited IPO
this company stands out as one of India’s top online higher education and upskilling platforms, excelling in EBIDTA, margins, PAT, and returns on equity and capital. An early entrant in the sector, it boasts a nationwide presence with 22 offices-cum-learning centres and 15 tech studios. By March 31, 2024, it partnered with 34 institutions—24 of which rank among the top 100 in their fields by NIRF—highlighting its strong industry connections and commitment to quality education.
Price Band₹0.00 |
Dates- |
GMP₹0 (-) |
Subscriptions- |
Issue Size₹220.00 Crs |
Veritas Finance IPO Objects
- Marketing, brand building and advertising activities
- Prepayment of a portion of certain outstanding borrowings availed by our Company
- General corporate purposes
Veritas Finance IPO Details
Price Band₹0.00 |
Listing AtNSE & BSE |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹0.00 (0.00 Shares) |
Offer For Sale₹220.00 Cr (600.00 Cr Shares) |
Total Issue₹220.00 Cr (0.00 Shares) |
Face Value₹10 per equity share |
Veritas Finance IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Retail |
Minimum
1
0
0
Maximum
-
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-
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| Small HNI |
Minimum
-
-
-
Maximum
-
-
-
|
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| Big HNI |
Minimum
-
-
-
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Veritas Finance IPO GMP
The estimated Grey Market Premium of Veritas Finance IPO is ₹0 per share (-)
Category Allocation
| Particulars | Allocation |
|---|---|
| QIBs | Not more than 50% of Net Offer |
| Big HNIs (NII) | Not less than 10% of Net Offer |
| Small HNIs (NII) | Not less than 5% of Net Offer |
| Retail | Not less than 35% of Net Offer |
| Employee | TBD |
Veritas Finance IPO Financials
| Particulars | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| Revenue from Operations | 716.85 | 122.15 | 84.61 |
| Profit after Tax | 133.11 | 11.65 | 33.23 |
| Net Worth | 117.43 | 77.85 | 62.60 |
| Total Borrowing | 24.85 | 37.77 | 24.58 |
| Total Assets | 201.76 | 175.75 | 130.71 |
| NAV per share (in ₹) | 58.43 | 41.67 | 34.03 |
| EPS - Basic (in ₹) | 18.90 | 5.78 | 16.49 |
Key Performance Indicators
| KPI | Values |
|---|---|
| EBITDA | 31.93% |
| PAT | 18.75% |
| ROE | 37.82% |
| ROCE | 40.90% |
| Debt to Equity | 0.21 |
- All the data pertains to FY 2023-24.
Veritas Finance IPO Peer Comparision
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Veritas Finance IPO Peer Comparision
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Promoter Details
| Name | Shareholding |
|---|---|
| Sanjay Namdeo Salunkhe | 78.20% |
| Balkrishna Namdeo Salunkhe | 2.26% |
| Other Promter | 4.50% |
| Total | 84.96% |
Management Details
| Name | Designation |
|---|---|
| Sanjay Namdeo Salunkhe | Chairman & MD |
| Ranjita Raman | CEO |
| Sankesh Kashinath Mophe | CFO |
Company Details
Name: Veritas Finance Limited
Address: SKCL Central Square 1, South and North Wing, 7th Floor, Unit # C28 - C35, CIPET Road, Thiru Vi Ka Industrial Estate, Guindy, Chennai 600 032, Tamil Nadu, India
Number: +91 044 4615 0011
Email: cs@jaro.in
Website: www.jaroeducation.com
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Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Veritas Finance IPO is a Mainboard IPO having an issue size of Rs. ₹220.00 Crs. Veritas Finance IPO is priced at ₹0.00 - ₹0.00 per share. The issue opens on 30 Jul 25 and closes on 30 Jul 25.
Veritas Finance IPO opens on 30 Jul 25 and closes on 30 Jul 25.
The estimated Grey Market Premium of Veritas Finance IPO is ₹0 per share (-).
The minimum lot size of Veritas Finance IPO is 0.00 shares & the minimum application amount is Rs. 0.
The allotment date of Veritas Finance IPO is 30 Jul 25.
The listing date of Veritas Finance IPO is 30 Jul 25.
Veritas Finance IPO is subscribed -.
Veritas Finance IPO is priced at ₹0.00 - ₹0.00 per share.
Click the allotment link on Veritas Finance IPO page of IPO360.
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- Enter Qty and Price
- Submit the application
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- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Veritas Finance IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date
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