{"id":342676,"date":"2026-11-10T09:04:06","date_gmt":"2026-11-10T03:34:06","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=342676"},"modified":"2026-11-10T09:04:06","modified_gmt":"2026-11-10T03:34:06","slug":"veritas-finance-ipo-gets-sebi-nod-veritas-finance-ipo-size-fresh-issue-ofs-risks-10-november-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/veritas-finance-ipo-gets-sebi-nod-veritas-finance-ipo-size-fresh-issue-ofs-risks-10-november-2026\/","title":{"rendered":"Veritas Finance IPO Receives Sebi Nod: What the Rs 900 Crore Fresh Issue, the Offer for Sale and the FY26 Numbers Show"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Veritas Finance IPO gets a Sebi nod, per Mint. Refiled draft: fresh issue up to Rs 900 crore plus OFS of up to 1.28 crore shares. FY26 profit Rs 330.39 crore. No price band or date yet.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The Veritas Finance IPO has received a Sebi nod to launch its public issue, per Mint. The refiled draft proposes a fresh issue of up to Rs 900 crore plus an offer for sale of up to 1.28 crore shares; no price band or date has been announced.<\/p>\n<\/p><\/div>\n<p>The <strong>Veritas Finance IPO<\/strong> has received a <strong>Sebi nod<\/strong> to launch its public issue, Mint reports, which is the regulator&#8217;s observation letter that lets the Chennai-based NBFC open its offer. The company lends to small businesses and self-employed borrowers. This article sets out the issue structure, the FY26 numbers, the listed peers, the risks and a checklist for the application stage. No price band, dates or lot size have been announced, and I could not find the date of the latest Sebi letter, so I flag that gap.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=discover\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/veritas-finance-ipo-gets-sebi-nod-veritas-finance-ipo-size-fresh-issue-ofs-risks-10-november-2026\/#Veritas_Finance_IPO_Issue_Structure_on_Record\" title=\"Veritas Finance IPO: Issue Structure on Record\">Veritas Finance IPO: Issue Structure on Record<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/veritas-finance-ipo-gets-sebi-nod-veritas-finance-ipo-size-fresh-issue-ofs-risks-10-november-2026\/#Sebi_Nod_What_It_Means_and_What_It_Does_Not\" title=\"Sebi Nod: What It Means and What It Does Not\">Sebi Nod: What It Means and What It Does Not<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/veritas-finance-ipo-gets-sebi-nod-veritas-finance-ipo-size-fresh-issue-ofs-risks-10-november-2026\/#Veritas_Finance_IPO_Business_and_FY26_Numbers\" title=\"Veritas Finance IPO: Business and FY26 Numbers\">Veritas Finance IPO: Business and FY26 Numbers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/veritas-finance-ipo-gets-sebi-nod-veritas-finance-ipo-size-fresh-issue-ofs-risks-10-november-2026\/#Veritas_Finance_IPO_Risks_to_Read_in_the_Prospectus\" title=\"Veritas Finance IPO: Risks to Read in the Prospectus\">Veritas Finance IPO: Risks to Read in the Prospectus<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/veritas-finance-ipo-gets-sebi-nod-veritas-finance-ipo-size-fresh-issue-ofs-risks-10-november-2026\/#Veritas_Finance_IPO_Checklist\" title=\"Veritas Finance IPO Checklist\">Veritas Finance IPO Checklist<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/veritas-finance-ipo-gets-sebi-nod-veritas-finance-ipo-size-fresh-issue-ofs-risks-10-november-2026\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/veritas-finance-ipo-gets-sebi-nod-veritas-finance-ipo-size-fresh-issue-ofs-risks-10-november-2026\/#Frequently_Asked_Questions_on_the_Veritas_Finance_IPO\" title=\"Frequently Asked Questions on the Veritas Finance IPO\">Frequently Asked Questions on the Veritas Finance IPO<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/veritas-finance-ipo-gets-sebi-nod-veritas-finance-ipo-size-fresh-issue-ofs-risks-10-november-2026\/#Has_the_Veritas_Finance_IPO_got_a_Sebi_nod\" title=\"Has the Veritas Finance IPO got a Sebi nod?\">Has the Veritas Finance IPO got a Sebi nod?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/veritas-finance-ipo-gets-sebi-nod-veritas-finance-ipo-size-fresh-issue-ofs-risks-10-november-2026\/#What_is_the_size_of_the_Veritas_Finance_IPO\" title=\"What is the size of the Veritas Finance IPO?\">What is the size of the Veritas Finance IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/veritas-finance-ipo-gets-sebi-nod-veritas-finance-ipo-size-fresh-issue-ofs-risks-10-november-2026\/#When_will_the_Veritas_Finance_IPO_open_and_what_is_the_price_band\" title=\"When will the Veritas Finance IPO open and what is the price band?\">When will the Veritas Finance IPO open and what is the price band?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/veritas-finance-ipo-gets-sebi-nod-veritas-finance-ipo-size-fresh-issue-ofs-risks-10-november-2026\/#What_does_Veritas_Finance_do\" title=\"What does Veritas Finance do?\">What does Veritas Finance do?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/veritas-finance-ipo-gets-sebi-nod-veritas-finance-ipo-size-fresh-issue-ofs-risks-10-november-2026\/#How_did_Veritas_Finance_perform_in_FY26\" title=\"How did Veritas Finance perform in FY26?\">How did Veritas Finance perform in FY26?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/veritas-finance-ipo-gets-sebi-nod-veritas-finance-ipo-size-fresh-issue-ofs-risks-10-november-2026\/#Which_listed_companies_are_peers_of_Veritas_Finance\" title=\"Which listed companies are peers of Veritas Finance?\">Which listed companies are peers of Veritas Finance?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/veritas-finance-ipo-gets-sebi-nod-veritas-finance-ipo-size-fresh-issue-ofs-risks-10-november-2026\/#Does_a_Sebi_nod_mean_the_Veritas_Finance_IPO_is_a_good_investment\" title=\"Does a Sebi nod mean the Veritas Finance IPO is a good investment?\">Does a Sebi nod mean the Veritas Finance IPO is a good investment?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/veritas-finance-ipo-gets-sebi-nod-veritas-finance-ipo-size-fresh-issue-ofs-risks-10-november-2026\/#Should_I_apply_for_the_Veritas_Finance_IPO\" title=\"Should I apply for the Veritas Finance IPO?\">Should I apply for the Veritas Finance IPO?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Veritas_Finance_IPO_Issue_Structure_on_Record\"><\/span><strong>Veritas Finance IPO: Issue Structure on Record<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Veritas Finance IPO: item<\/th>\n<th>Reading<\/th>\n<th>Source and note<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Sebi nod: draft filed again with Sebi<\/td>\n<td>29 July 2026<\/td>\n<td>Refiled draft red herring prospectus, reported 30 July 2026<\/td>\n<\/tr>\n<tr>\n<td>Sebi nod: fresh issue<\/td>\n<td>Up to Rs 900 crore<\/td>\n<td>Up from Rs 600 crore in the January 2025 draft<\/td>\n<\/tr>\n<tr>\n<td>Sebi nod: offer for sale (OFS)<\/td>\n<td>Up to 1.28 crore equity shares<\/td>\n<td>Replaces the earlier Rs 2,200 crore OFS<\/td>\n<\/tr>\n<tr>\n<td>Sebi nod: pre-IPO placement<\/td>\n<td>Up to Rs 180 crore, if done<\/td>\n<td>Would reduce the fresh issue by the same amount<\/td>\n<\/tr>\n<tr>\n<td>Sebi nod: total offer size<\/td>\n<td>About Rs 1,500 crore<\/td>\n<td>Outlook Money; earlier plan was Rs 2,800 crore<\/td>\n<\/tr>\n<tr>\n<td>Sebi nod: face value<\/td>\n<td>Rs 10 per share<\/td>\n<td>Listing planned on BSE and NSE<\/td>\n<\/tr>\n<tr>\n<td>Sebi nod: price band, lot size, dates<\/td>\n<td>Not announced<\/td>\n<td>Expected in the red herring prospectus<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The <strong>Veritas Finance IPO<\/strong> is smaller than the first plan: the January 2025 filing sought Rs 2,800 crore, with a Rs 600 crore fresh issue and a Rs 2,200 crore OFS. The Rs 1,500 crore total with a Rs 900 crore fresh issue implies an OFS of roughly Rs 600 crore by my arithmetic, but the real figure depends on the price band. Sebi gave an observation in April 2025 on the original draft, and I could not confirm whether the Mint report refers to a new letter after the July 2026 refiling.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Sebi_Nod_What_It_Means_and_What_It_Does_Not\"><\/span><strong>Sebi Nod: What It Means and What It Does Not<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Sebi nod: point<\/th>\n<th>Meaning for the Veritas Finance IPO<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Sebi nod: observation letter<\/td>\n<td>Sebi has reviewed the draft and allows the company to proceed to the final prospectus<\/td>\n<\/tr>\n<tr>\n<td>Sebi nod: not a recommendation<\/td>\n<td>A Sebi nod does not assess the quality of the issue or the price<\/td>\n<\/tr>\n<tr>\n<td>Sebi nod: validity period<\/td>\n<td>An observation is time-limited, so a company must launch within the allowed window<\/td>\n<\/tr>\n<tr>\n<td>Next filings<\/td>\n<td>A red herring prospectus with the price band, dates and final terms<\/td>\n<\/tr>\n<tr>\n<td>Market timing<\/td>\n<td>The company can choose when to open the issue within the window<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>A Sebi nod only clears the paperwork. It is a step in the IPO process, not a verdict on whether the <strong>Veritas Finance IPO<\/strong> is attractive, and many approved issues are launched months later or not at all. The <a href=\"https:\/\/univest.in\/indices\/nifty-50\/nifty-50-share-price-today\">Nifty 50<\/a> and the <a href=\"https:\/\/univest.in\/indices\/sensex\/sensex-share-price-today\">Sensex<\/a> show the market backdrop that an issuer watches before choosing a launch window.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Compare NBFC stocks on the Univest Screener<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Veritas_Finance_IPO_Business_and_FY26_Numbers\"><\/span><strong>Veritas Finance IPO: Business and FY26 Numbers<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Veritas Finance IPO: financial item<\/th>\n<th>Reading<\/th>\n<th>Note<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Net profit, FY26<\/td>\n<td>Rs 330.39 crore<\/td>\n<td>Up from Rs 295.11 crore in FY25<\/td>\n<\/tr>\n<tr>\n<td>Profit growth<\/td>\n<td>About 12%<\/td>\n<td>My arithmetic: 330.39 divided by 295.11<\/td>\n<\/tr>\n<tr>\n<td>Loan assets under management<\/td>\n<td>Rs 9,134.29 crore<\/td>\n<td>As reported in the draft<\/td>\n<\/tr>\n<tr>\n<td>Business<\/td>\n<td>Retail finance for MSMEs and self-employed borrowers<\/td>\n<td>Non-deposit taking NBFC<\/td>\n<\/tr>\n<tr>\n<td>Use of fresh issue proceeds<\/td>\n<td>Augment the capital base for onward lending<\/td>\n<td>Draft red herring prospectus<\/td>\n<\/tr>\n<tr>\n<td>Listed peers named<\/td>\n<td>Five-Star Business Finance and SBFC Finance<\/td>\n<td>Outlook Money<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>A profit of Rs 330.39 crore on a Rs 9,134 crore book is a return on assets near 3.6% by my arithmetic, though the draft&#8217;s own ratios use average balances and may differ. Growth of about 12% is steady, not fast, which matters when the OFS lets existing investors sell. The selling shareholders named in the draft are Lok Capital Growth Fund, British International Investment, D Arulmany, Growth Catalyst Partners and Vidya Arulmany.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to get IPO alerts and track upcoming issues.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Veritas_Finance_IPO_Risks_to_Read_in_the_Prospectus\"><\/span><strong>Veritas Finance IPO: Risks to Read in the Prospectus<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Risk for the Veritas Finance IPO<\/th>\n<th>Why it matters<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Asset quality<\/td>\n<td>MSME and self-employed borrowers can be sensitive to a downturn; check gross and net NPA<\/td>\n<\/tr>\n<tr>\n<td>Funding cost and access<\/td>\n<td>An NBFC depends on bank and market borrowing, so a rate rise can squeeze margins<\/td>\n<\/tr>\n<tr>\n<td>OFS component<\/td>\n<td>Part of the money goes to selling investors, not to the company<\/td>\n<\/tr>\n<tr>\n<td>Valuation<\/td>\n<td>The price band decides what multiple of book value or earnings you pay<\/td>\n<\/tr>\n<tr>\n<td>Regulation<\/td>\n<td>NBFC rules on lending and collections can change<\/td>\n<\/tr>\n<tr>\n<td>Listing performance<\/td>\n<td>An IPO can list above or below the issue price; neither outcome is certain<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Read the sections on risk factors, asset quality, borrowing mix and promoter holding before deciding on an application. Compare the price band with listed lenders such as the peers in the draft, and check the <a href=\"https:\/\/univest.in\/indices\/nifty-bank\/nifty-bank-share-price-today\">Nifty Bank<\/a> for the wider lending mood. A grey market premium is an informal quote, not a guide to listing.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Veritas_Finance_IPO_Checklist\"><\/span><strong>Veritas Finance IPO Checklist<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Investor situation<\/th>\n<th>Questions to consider<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>First-time IPO applicant<\/td>\n<td>Have I read the red herring prospectus and understood the OFS and fresh issue split?<\/td>\n<\/tr>\n<tr>\n<td>Existing NBFC investor<\/td>\n<td>How would the Veritas Finance IPO fit with the lending stocks I already hold?<\/td>\n<\/tr>\n<tr>\n<td>Short-term applicant<\/td>\n<td>Am I applying only for a listing gain, and can I accept a flat or lower listing?<\/td>\n<\/tr>\n<tr>\n<td>Long-term investor<\/td>\n<td>Do the asset quality, growth and valuation justify a multi-year holding?<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <strong>Veritas Finance IPO<\/strong> has a Sebi nod to launch, per Mint, with a refiled draft of up to Rs 900 crore fresh issue and an OFS of up to 1.28 crore shares. The company reported FY26 profit of Rs 330.39 crore, but the price band and dates are not out. Read the prospectus when it is filed and consult a SEBI-registered adviser before applying.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_on_the_Veritas_Finance_IPO\"><\/span><strong>Frequently Asked Questions on the Veritas Finance IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Has_the_Veritas_Finance_IPO_got_a_Sebi_nod\"><\/span><strong>Has the Veritas Finance IPO got a Sebi nod?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Mint reports that Veritas Finance has received Sebi&#x27;s nod to launch its public issue. Sebi also gave an observation on the original draft in April 2025, and I could not find the date of the latest letter, so check the Sebi website for the exact date.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_size_of_the_Veritas_Finance_IPO\"><\/span><strong>What is the size of the Veritas Finance IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The refiled draft proposes a fresh issue of up to Rs 900 crore and an offer for sale of up to 1.28 crore equity shares. Outlook Money puts the total at about Rs 1,500 crore, down from the Rs 2,800 crore plan filed in January 2025.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_will_the_Veritas_Finance_IPO_open_and_what_is_the_price_band\"><\/span><strong>When will the Veritas Finance IPO open and what is the price band?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Neither has been announced. The date, price band and lot size come in the red herring prospectus, which is filed with the Registrar of Companies shortly before the issue opens.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_Veritas_Finance_do\"><\/span><strong>What does Veritas Finance do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> It is a Chennai-based, non-deposit taking NBFC that lends to MSMEs and self-employed borrowers. The draft shows loan assets under management of Rs 9,134.29 crore, and the company plans to use the fresh issue to raise its capital base for onward lending.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_did_Veritas_Finance_perform_in_FY26\"><\/span><strong>How did Veritas Finance perform in FY26?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Net profit was Rs 330.39 crore against Rs 295.11 crore in FY25, about 12% higher by my arithmetic. Check the prospectus for asset quality, margins and return ratios, which are the main tests for a lender.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_listed_companies_are_peers_of_Veritas_Finance\"><\/span><strong>Which listed companies are peers of Veritas Finance?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Outlook Money names Five-Star Business Finance and SBFC Finance as listed competitors. A fair comparison needs the same measures for each, such as price to book, return on equity and gross NPA, taken from the latest filings.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Does_a_Sebi_nod_mean_the_Veritas_Finance_IPO_is_a_good_investment\"><\/span><strong>Does a Sebi nod mean the Veritas Finance IPO is a good investment?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. A Sebi nod means the regulator has completed its review of the draft and the company can proceed. It does not judge the business, the price or the likely listing gain, so each applicant must read the prospectus.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Should_I_apply_for_the_Veritas_Finance_IPO\"><\/span><strong>Should I apply for the Veritas Finance IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Univest does not recommend any security or application. Wait for the price band, read the prospectus and compare the valuation with listed lenders. A SEBI-registered adviser can help with a decision suited to personal goals and risk.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Has the Veritas Finance IPO got a Sebi nod?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Mint reports that Veritas Finance has received Sebi's nod to launch its public issue. 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See fresh issue, OFS, FY26 profit, peers and risks, with no price band or date yet.<\/p>\n","protected":false},"author":34,"featured_media":342675,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1281],"tags":[11412,11336,21412,12139,21411,1385,21410],"class_list":["post-342676","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-fresh-issue","tag-msme-lending","tag-nbfc-ipo","tag-offer-for-sale","tag-sebi-nod","tag-upcoming-ipo","tag-veritas-finance-ipo"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["342675"],"rank_math_title":["Veritas Finance IPO Gets Sebi Nod: Size, Risks, Peers"],"rank_math_description":["Veritas Finance IPO gets Sebi nod to launch its public issue. 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