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Veefin Solutions Ltd's Board has approved the allotment of 5,31,279 equity shares to non-promoter investors on a preferential basis at Rs. 391 per share (face value Rs. 10, premium Rs. 381). The company has received Rs. 20.77 crores from this tranche. This is part of a larger preferential issue of 12,99,857 shares approved by shareholders in October 2025, with the remaining 7,68,578 shares to be allotted within 15 days. Key investors include Sr Global Fund L.P. (PAN-Asia Select Portfolio) with 1,50,000 shares, along with various HNIs and corporate entities. Post-allotment, the company's equity capital has risen from Rs. 24.39 crores to Rs. 24.92 crores.
The preferential allotment brings in fresh equity capital and reflects investor willingness to pay a significant premium over face value, suggesting confidence in the company's valuation. Existing shareholders will see moderate equity dilution once the full 12,99,857-share issue is completed.