Veritas Finance gets SEBI nod for Rs 900 crore IPO
The Norwest Venture Partners and Kedaara Capital-backed lender has received regulatory clearance to list on Indian stock exchanges.
The Norwest Venture Partners and Kedaara Capital-backed lender has received regulatory clearance to list on Indian stock exchanges. Published 2026-11-09 by Falling Shares.
| By Falling Shares Intelligence, edited by Wung Thomas, Editor-in-Chief
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Veritas Finance received approval from the Securities and Exchange Board of India on Monday to proceed with a Rs 900 crore initial public offering. The lender, backed by Norwest Venture Partners and Kedaara Capital, now has the green light to list shares on Indian stock exchanges.
SEBI clears offering
The Securities and Exchange Board of India (Sebi) issued the nod for the offering, according to reports from Moneycontrol.com and Rediff MoneyWiz. The regulatory body’s approval allows the company to move forward with the listing process after the draft prospectus was reviewed.
Norwest Venture Partners and Kedaara Capital are listed as backers of Veritas Finance in the filings.
Rs 900 crore target
The initial public offering is valued at Rs 900 crore, according to Rediff MoneyWiz. This figure represents the total capital the company aims to raise through the issuance of new shares or the sale of existing holdings by promoters.
Veritas Finance will now proceed with the next steps of the listing process. The company is expected to file final documents with the stock exchanges and begin the book-building or fixed-price offering phase in the coming weeks.