Allotment of Equity shares on Preferential basis
Price
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Veefin Solutions has allotted 6,14,731 equity shares at Rs. 391 per share (face value Rs. 10, premium of Rs. 381) to 26 non-promoter investors, raising around Rs. 24.04 crore. Additionally, the company allotted 11,12,820 convertible warrants at Rs. 391 per warrant to 4 investors (including promoters Raja Debnath and Gautam Vijay Udani), with 25% upfront payment already received (~Rs. 10.88 crore) and the remaining 75% due within 18 months upon conversion. The total warrants issue size aggregates to about Rs. 43.51 crore. Following this allotment, the company's paid-up equity share capital has increased from Rs. 24.92 crore to Rs. 25.54 crore (2,55,39,417 equity shares). The approvals were secured via an EGM held on October 13, 2025, and BSE's in-principle approval dated December 10, 2025.
The preferential allotment will dilute existing shareholders and increase the company's equity base, but it also strengthens capital reserves for business growth. Promoters participating via warrants signals insider confidence, though the share price may see short-term pressure due to dilution and the steep issue price of Rs. 391 reflecting a significant premium over face value.