Veritas Finance Gets SEBI Approval for ₹900 Crore IPO to Expand MSME Lending Business
Chennai-based Veritas Finance has received approval from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering (IPO), marking a significant milestone in the company's growth journey. The proposed IPO includes a fresh issue of ₹900 crore and an offer for sale of up to 1.28 crore existing shares. Founded in 2015, the NBFC focuses on providing loans to micro, small and medium enterprises (MSMEs) and self-employed individuals across India.
Led by Founder and Managing Director D. Arulmany, Veritas Finance reported assets under management of ₹9,134 crore and a net profit of ₹330.3 crore in FY26. The company operates through a network of 444 branches across 10 states and one Union Territory. With its proposed public listing, Veritas Finance aims to strengthen its growth plans and expand access to credit for underserved small businesses. Can its IPO help accelerate the next phase of MSME lending in India?
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