What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of Veefin Solutions Limited IPO?

Veefin Solutions Limited IPO has received a total subscription of 2.46 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

Veefin Solutions Limited

ListedSME

Information Technology · BSE

Veefin Solutions Limited, incorporated in 2020 and based in Mumbai, is a technology company specializing in Digital Lending and Supply Chain Finance (SCF) solutions. The company operates through two main segments: Supply Chain Finance Technology Solutions, which streamlines financing processes and helps businesses manage cash flows efficiently, and Digital Lending Suite Solutions, which provides financial institutions with comprehensive tools to enhance lending operations and customer experience. Veefin Solutions serves a wide range of clients including banks, NBFCs, FinTechs, marketplaces, and corporates, such as Yes Bank, IndusInd Bank, Indian Bank, Citi Bank, BRAC, VP Bank, Riyadh Bank, Aditya Birla Capital, Mintifi, and Ambit Finvest. The company has been recognized for its innovation, receiving awards such as “Most Innovative Supply Chain Finance Solution” at the Fintech India Summit & Awards 2022 and “Solution of the Year 2021; SCF” at the Inflection Web Conference by Alden Global, CSCMP, SIMM & NASSCOM.

Price Band

₹82

Issue Size

₹46.73 Cr

Lot Size

1600 shares

GMP

₹3

+3.7%

Est. Listing

₹85

at current GMP

Subscribed

2.46x

overall

Open

22 Jun 2023

26 Jun 2023

Allotment

1 Jul 2023

Refund

2 Jul 2023

Demat Credit

3 Jul 2023

Listing

5 Jul 2023

Last updated 12 days ago

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

2.46x

Total Demand

QIB Multiplier

0.00x

Institutions & Funds

NII / HNI

0.00x

High Net-Worth

Retail (RII)

0.00x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 2.46x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
Qualified Institutional (QIB)	2,849,390	—	0.00x
Non-Institutional (NII / HNI)	854,817	—	0.00x
Retail Individual (RII)	1,994,573	—	0.00x
Total	5,698,780	0	2.46x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 2.46x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	1,247	3,068	2.46x
HNIs (10L +)	8	20	2.50x
HNIs (2-10L)	38	93	2.45x
Total Applications	1,293	3,181	2.46x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

About Veefin Solutions Limited Public Issue & Market Profile

Veefin Solutions Limited is bringing an initial public offering (IPO) in the Information Technology sector with an aggregate issue size of ₹46.73 Crores. The shares are offered at a price band of ₹82 to ₹82 per equity share on BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.

Bidding & Quota Instructions:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Allotment Reconciliation Schedule:

Following the close of bidding on 2023-06-26, the basis of allotment is scheduled to be finalized on 2023-07-01. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Veefin Solutions Limited IPO GMP today?

The latest Grey Market Premium (GMP) for Veefin Solutions Limited IPO is ₹3 per equity share. Based on the upper price band of ₹82 to ₹82 per equity share, the estimated listing price is ₹85 (+3.7% expected listing gain).

What is the expected profit per lot for Veefin Solutions Limited IPO?

With a lot size of 1600 shares and current GMP of ₹3, the expected profit per application lot is approx ₹4,800 (+3.7% gain). Minimum application cost is approx ₹1,31,200.

What is the issue size and price band for Veefin Solutions Limited IPO?

The Veefin Solutions Limited IPO aggregate issue size is ₹46.73 Crores with an equity price band set at ₹82 to ₹82 per equity share. The retail lot size is 1600 shares requiring a minimum capital outlay of approx. ₹1,31,200.

How can I check Veefin Solutions Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 2.46x (Retail: 0.00x, QIB: 0.00x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.

Where and when will Veefin Solutions Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2023-07-01. Investors can verify status using PAN card or application number.

When is the listing date for Veefin Solutions Limited IPO?

Veefin Solutions Limited shares are scheduled to list on BSE on 2023-07-05.