Veritas Finance Ltd has refiled preliminary documents with the Securities and Exchange Board of India (Sebi) for its initial public offering, seeking to raise ₹900 crore through a fresh issue of equity shares.
The filing marks a renewed attempt by the non-deposit taking non-banking financial company (NBFC) to access public capital markets after a previous effort.
The move underscores the continued appetite for equity fundraising among Indian financial services firms, even as regulatory scrutiny remains high.
Veritas Finance, which operates without taking public deposits, aims to use the proceeds to strengthen its balance sheet and expand its lending book.
The re-filing suggests the company has addressed prior regulatory queries or market conditions that may have delayed the initial attempt.
This development adds to a busy period for Indian IPOs, following recent filings by other prominent names.