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Fintech SaaS Company Veefin Migrates To NSE, BSE Mainboard

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Fintech SaaS Company Veefin Migrates To NSE, BSE Mainboard

BSE SME listed Veefin Solutions has migrated to the main board of the National Stock Exchange (NSE) and the BSE, more than three years after its SME IPO. Veefin’s shares opened for trade on the BSE mainboard at ₹249.75 (2.5% higher than previous close) and at ₹250.84 on the NSE.

Veefin’s market capitalisation as of 13:20 IST stood at ₹633.76 Cr ($67.61 Mn). Shares of Veefin were trading 1.2% higher at ₹249 apiece on the BSE and 1.2% higher at ₹246.65 apiece on the NSE around 13:30 IST.

Veefin listed on the BSE SME platform in July 2023 at ₹86.05, a near 5% premium from its IPO price. The company’s ₹46.73 Cr IPO comprised about 57 Lakh shares, with equal parts of fresh issue and offer for sale shares. 

Its mainboard debut comes on the heels of the company solidifying its financial position over the recent quarter. Its operating revenue for the first half of the ongoing fiscal year (H1 FY27) doubled to ₹238.8 Cr while its consolidated net profit zoomed 127% YoY to ₹24.9 Cr.

Veefin reported a 127% year-on-year (YoY) increase in consolidated net profit to ₹24.9 Cr in H1 FY27 from ₹11 Cr in the corresponding period last year. Net profit was also up 9% from ₹22.8 Cr in H2 FY26.

5 Cr in the preceding quarter. 7 Cr.



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