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Veefin Solutions Starts BSE Mainboard Migration, Plans NSE Listing
Veefin Solutions wants to move its shares from a smaller stock-market platform to the main BSE platform.
It also wants its shares to be listed directly on the NSE mainboard.
The company submitted a document to BSE on 8 September 2026.
It announced the process on 9 September.
The document covers more than 25 million fully paid shares.
Veefin is not offering or selling shares through this process.
The move still needs approval from regulators and the stock exchanges.
The company says it has grown its products, customers and international presence since 2023.
Its profit and revenue were higher in FY26 than in FY25.
Veefin Solutions has begun the process of moving its shares from the BSE SME platform to the BSE mainboard.
The company plans to apply for direct listing on the NSE mainboard after receiving BSE approval.
The information memorandum covers 2,55,39,417 fully paid-up shares with a face value of ₹10 each, with no proposed share sale.
The proposed migration and listing remain subject to regulatory, statutory and exchange approvals.
Veefin reported FY26 standalone profit of ₹18.20 crore and consolidated net profit of ₹31.96 crore.
- Who
- Veefin Solutions, led by Co-founder and Managing Director Raja Debnath.
- What
- The company has started the process of migrating from the BSE SME platform to the BSE mainboard and plans to seek direct listing on the NSE mainboard.
- Where
- The proposed listings involve the BSE mainboard and NSE mainboard.
- When
- The announcement was made on 9 September 2026; the information memorandum was dated 8 September 2026.
- Why
- Veefin described the move as an important milestone reflecting its expansion as an enterprise banking technology company.
Key facts
- Shares covered
- 2,55,39,417 fully paid-up shares
- Face value
- ₹10 per share
- BSE SME listing date
- 5 July 2023
- FY26 standalone revenue
- ₹74.32 crore
- FY26 standalone profit after tax
- ₹18.20 crore
- FY26 consolidated revenue
- ₹352.3 crore
- FY26 consolidated net profit
- ₹31.96 crore
Quotes
Raja Debnath
Co-founder and Managing Director of Veefin Solutions
“The proposed migration to the mainboard is an important milestone in Veefin’s journey. Since our listing on the SME platform in 2023, we have significantly expanded our product portfolio, customer ecosystem and international presence. This step reflects the evolution of Veefin as an enterprise banking technology company and marks an important phase in our journey as we continue to build scalable technology platforms for financial institutions globally.”
livemint.com
Sources
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