Sebi Greenlights IPOs for Veritas Finance, Laxmi India Finance and 3 Other Companies
In a significant development, the Securities and Exchange Board of India (Sebi) has given its approval for the initial public offerings (IPOs) of Veritas Finance, Laxmi India Finance, and three other companies. Veritas Finance, a non-deposit taking non-banking financial company (NBFC), is planning to raise funds through a public offer, which will comprise a fresh issue of ₹600 crore. This move is expected to provide a major boost to the company's growth plans, enabling it to expand its operations and explore new business opportunities. With the IPO market gaining momentum, Veritas Finance is poised to capitalize on the trend, leveraging the growing demand for financial services in India. The company's decision to go public is also likely to attract investors looking for opportunities in the financial sector, particularly in the NBFC space, which has seen significant growth in recent years, driven by key trends such as digital lending and financial inclusion.
