Veefin Solutions Completes Preferential Allotment Worth ₹34.91 Crores
Veefin Solutions Limited successfully completed its preferential allotment on December 24, 2025, raising ₹34.91 crores through the issuance of 6,14,731 equity shares at ₹391 per share and 11,12,820 convertible warrants at ₹97.75 per warrant. The allotment increased the company's paid-up capital from ₹24.92 crores to ₹25.54 crores, with warrants convertible within 18 months.
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Veefin Solutions Limited has successfully completed its preferential allotment following the board meeting held on December 24, 2025. The company, listed on the BSE SME platform, allotted equity shares and convertible warrants after receiving necessary approvals from shareholders and BSE Limited.
Preferential Allotment Details
The board of directors approved the allotment of securities on preferential basis following the EGM approval received on October 13, 2025, and in-principle approval from BSE Limited on December 10, 2025.
| Security Type | Quantity Allotted | Issue Price (₹) | Amount Raised (₹ Crores) |
|---|---|---|---|
| Equity Shares | 6,14,731 | 391.00 | 24.04 |
| Convertible Warrants | 11,12,820 | 97.75 | 10.88 |
| Total | 17,27,551 | - | 34.92 |
Equity Shares Allotment
The company allotted 6,14,731 fully paid-up equity shares with a face value of ₹10.00 each at a price of ₹391.00 per share, including a premium of ₹381.00 per share. The total amount raised through equity shares stands at ₹24,03,59,821, allocated exclusively to non-promoter investors on preferential basis.
Convertible Warrants Details
Veefin Solutions allotted 11,12,820 convertible warrants at ₹97.75 per warrant, representing 25% of the total issue price of ₹391.00 per warrant. The company received ₹10,87,78,155 as upfront payment for the warrants from specified promoters and non-promoter shareholders.
| Warrant Parameters | Details |
|---|---|
| Total Warrants | 11,12,820 |
| Warrant Price | ₹97.75 (25% upfront) |
| Balance Payment | ₹293.25 (75% on conversion) |
| Conversion Period | Within 18 months |
| Total Warrant Size | ₹43.51 crores |
Each warrant is convertible into one fully paid-up equity share of face value ₹10.00 upon payment of the balance consideration of ₹293.25 per warrant within 18 months from the allotment date.
Impact on Share Capital
Following the preferential allotment, the company's issued, subscribed and paid-up equity share capital has increased significantly.
| Capital Structure | Before Allotment | After Allotment |
|---|---|---|
| Paid-up Capital | ₹24.92 crores | ₹25.54 crores |
| Number of Shares | 2,49,24,686 | 2,55,39,417 |
| Face Value per Share | ₹10.00 | ₹10.00 |
Board Meeting Proceedings
The board meeting commenced at 6:20 PM and concluded at 8:40 PM on December 24, 2025. The board authorized key management personnel including Chairman & Managing Director Raja Debnath, Whole Time Director Gautam Vijay Udani, and Company Secretary Urja Harsh Thakkar to execute necessary documentation for the dematerialization of equity shares with NSDL, CDSL, and RTA.
The successful completion of this preferential allotment marks a significant milestone for Veefin Solutions Limited, strengthening its capital base for future growth initiatives and strategic expansion plans.
Historical Stock Returns for Veefin Solutions
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.13% | -7.55% | -11.45% | -23.10% | -39.22% | +147.73% |
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