Veritas Finance files draft papers with SEBI to mobilise Rs 2,800 Cr via IPO

Veritas Finance filed draft papers with SEBI to raise ₹2,800 crore through an IPO. The company, which provides financial services in rural India, aims to utilize the funds to expand its operations and strengthen its lending portfolio. Veritas specializes in microfinance, offering loans to underserved segments of the population. The IPO is expected to boost the company’s ability to scale its operations and reach more customers in rural and semi-urban areas. The public offering represents a key step in the company’s growth strategy and in meeting the increasing demand for financial services in rural India.