Norwest Venture Partners and Kedaara Capital-backed Veritas Finance IPO gets SEBI nod
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Veritas Finance got SEBI approval to launch its initial public offering.
- ✓The Chennai-based NBFC, backed by Norwest Venture Partners and Kedaara Capital, refiled its papers on July 29.
- ✓The company plans to raise Rs 900 crore through a fresh issue, while existing shareholders will sell 1.28 crore equity shares.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Moneycontrol
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
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Veritas Finance, a Chennai-based non-banking financial company (NBFC), has received approval from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering (IPO).
The company, backed by Norwest Venture Partners and Kedaara Capital, refiled its draft IPO papers with the capital markets regulator on July 29, 2026, with a revised offer structure.
According to SEBI's processing status of draft offer documents published on November 9, the regulator issued its observations on Veritas Finance's draft prospectus on October 19, 2026.
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