Veefin Solutions Limited IPO Message Board (Page 4)

INVEST FOR LONG TERM

LM with good track record (although after Spectrum Talent listing today, it has limited value)
Company has reputed customers like IndusInd Bank, Riyad Bank, although value and tenure of individual contracts is not known
Promoter diluting stake through OFS within 2 years of business, indicates about promoters confidence in future of company
Crowded space, many companies offering software for Loan Management System and supply chain financing
98% of fixed assets are intangible assets (basically software developed and maintained)
For a Mumbai based company, the statutory auditor is based in Ahmedabad which doesn’t smell good
Other income consists of Rs 38 lacs of accounting w/off which is unexplained
Annexure A.9 of non-current assets (fixed and intangible assets) shows that company has a gross block of Rs 46 lacs for laptops and computers which the 2nd largest item after intangible assets / software.
Company has granted ESOP to employees @ Rs 10 (fair value Rs 71,862.48 - 116,598.55) in FY-22-23. Cost to company of Esops is Rs 192 lacs.

@K.Atar Probably YBPK wants to say, after Spectrum tragedy, what remains the importance or advantage of good LM, whether Sarthi for spectrum or Shermi for veefin!!!

@SamJos Yes, It looks more probable explanation.

I'm going to skip, anyways never had luck in SME so far... luck shouldn't affect other ways too.. so better to skip on this one. Essen and Greenchef looks promising.

Can someone let me know What is GMP of Veefin Solutions ??

Watch it!!!!!!!

+Ve
Sherni
almost debt free
Unique buisness
Good financial background

-ve
50%ofs
Clash with others
New company
Big size ipo

Due to big ofs

Expensive valuation is one more negative

As per review by DD - Greedily Pricing & May apply rating 🙄

@Dilip Davda sir, May I humbly submit with due regards to your experience and expertise in analysing IPOs that here @Gaurav DD dimer and @SANJEEV SOOD have raised valid points regarding your review. And in reply, you have just repeated verbatim your conclusion. Wish you could you have elaborated little more, if someone had doubt about your conclusion.

I also many times find difficult to understand weightage of words used in DD review. I think better will be a scoring system, like 25, 35, 45, 55 outof 100.

New company. Limited period financial available. Difficult to believe. Very high priced and big size issue. Now the companies have understood the intention of the investors and taking full advantage. Beware of such promoters. Can manage any GMP. For charging such a premium can spend any amount.
Better not to discuss such issues.

Can't understand this co.
Aurionpro Sol. Is a Peer.

At Rs. 82, diluted valuation is very high. Do not deserve even Rs.1 grey market premium.

Actually gmp is zero (means no grey activity is there).

Good Company iam applying this ipo

Based on the financials in the DRHP, its consolidated EPS for 10 months during 2022-2023 financial year is Rs. 1.91. This means its PE ratio is 42.9, which seems to be very high for the SME IPO. Any views from the members considering high IPO price?

Yes thats why subx is not great right now. moreover many better IPOs coming.

Veefin is the world leader in contextual SCF and digital lending solution adopting user led design ,data and analytics built by bankers for bankers.
Supply chain finance Co Veefin already Raised Pre IPO $3 million in funding from Dubai based HNI ,RAJESH RAJENDRAN ( SHOBHA DEVELOPERS - DUBAI).

Veefin Solutions Ltd IPO
HOS Sub2 - 5000/- (Only Heared) No trades happening so far @ 6pm # 18 June.

Bhahut hi jyada mehanga hai. Investor ke liye kuch bhi nahi hai. SELL n APPLY

Koi simple language mai samjha sakta hai, kya karti hai yeh company.

😂

To explain this with an example. lets say Ms. ABC a supplier of printer cartridges to Maurti. Martuti will give them 60 days payment terms to pay the invoice of 100 Rs. however ABC needs to pay HP in 30 days. since they need to pay before they get payment, they will go to bank or NBFC for supply chain financing or Invoice discounting where banks of NBFC will take few % from 100 rs and give back lets say 95 rs to ABC in few days instead of 60 days and will recieve 100 rs from Maruti after 60 days.
Veefin provides these type of software to Banks and NBFCs to do 3 party falicitiations for such solution. hope this is clear.

Ofs size large and nearly 50%.

Clashing with Essen/GYR is very bad.
Even Jupiter refund will not be available :(

@ svh... Thank you sir

@Plaza I hope my advice helpful in Cell Point. Flat listing and then LC. Seems LC tomorrow as well.

Appears to be a good company to invest. Price also seems to be attractive