Veefin’s Board Approves Main Board Listing Plans
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BSE SME listed Veefin Solutions is set to move its stock from the SME platform to the main board of the exchange and is also planning to list its shares on the NSE.
The fintech SaaS company’s board approved both proposals at a meeting held today (June 16), according to its stock exchange filing.
Now, Veefin will seek shareholder approval through a postal ballot as well as approach regulators and stock exchanges to get the necessary clearances.
The migration, if it materialises, would mark a key milestone for the company, which has been listed on the BSE SME platform since 2023. SME platforms are designed for smaller companies, while a migration to the main board typically reflects a company’s growth in scale, financial performance and market presence.
Founded in 2020 by Gautam Udani and Raja Debnath, Veefin develops supply chain finance and digital lending software for banks, NBFCs, fintech startups and enterprises.
The proposed shift comes at a time when the company has reported strong growth. Veefin’s revenue from operations surged 339% YoY to ₹345.1 Cr in FY26, while net profit nearly doubled to ₹32 Cr. In the March quarter alone, the company posted a net profit of ₹16 Cr on operating revenue of ₹131.3 Cr.
Over the past year, Veefin has also expanded beyond its core business through acquisitions and strategic investments. The company has picked up stakes in digital marketing firm White Rivers Media, GenAI startup Walnut AI and lending enablement platform EpikInDiFi as it seeks to broaden its fintech software offerings.
Last year, Veefin’s board also approved a ₹94 Cr fundraise through a preferential issue of equity shares and convertible warrants, marking the company’s second capital raise since its SME listing.
Veefin’s shares will continue to trade on the BSE SME platform until it receives the required approvals for the migration and NSE listing.
Its shares ended today’s trading 0.92% lower at ₹295.75 on BSE today.
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