Open Date
Close Date
Listing Date
Max Investment
-
Price Range
₹-
Lot Size
-
IPO Size
₹2200Cr
Exchange Symbols
Open Date
Close Date
Listing Date
Max Investment
Price Range
Lot Size
IPO Size
Exchange Symbols
According to the CRISIL Report, we are the fastest growing player in the Vehicle & MSME finance segment among the peers analyzed, with a growing presence in the underpenetrated used CVs (excluding M&HCVs) and MSME financing segment based on our AUM CAGR in the respective vertical for the period between Fiscal 2021 and Fiscal 2023.
We have a deep sales network enabling access to a large demography of customers in the rural and semi urban areas of India. Through our branch network spreading across rural and semi-urban areas, we understand the characteristics of the local markets and its customers. This allows us to assist in addressing specific needs and further improving our penetration into such markets.
We have developed comprehensive systems and processes for underwriting, collections and risk management. These systems and processes are customized to assess our target customers' income and evaluate collaterals in a structured manner in order for us to minimize our risk.
We have an experienced and professional management team with extensive industry knowledge.
We are a non-deposit taking non-banking finance company middle layer ("NBFC ML"), operating in vehicle financing vertical and Micro, Small and Medium Enterprises ("MSME") financing vertical. In our vehicle financing vertical, we primarily have a secured, granular and retail loan portfolio for financing used and new commercial vehicles (excluding medium and heavy commercial vehicles) ("CVs (excluding M&HCVs)"), cars and tractors as well as new two-wheelers. In addition, we have identified specific businesses in the MSME sector to which we offer loans fully backed by assets to mid to low-income category of customers that are predominantly self-employed, unbanked or underbanked individuals.
: IPO Dates
The IPO opens for subscription on -, and closes on -. Investors will likely receive their allotment status updates on -. Those who get allotted shares can expect them credited to their Demat accounts by -. The shares will be officially listed on the stock exchange on -.
: IPO Price Band
The IPO consists of a fresh issue and an offer for sale, with a price band set between ₹None and ₹None per share.Investors can apply within this range. This book-building issue includes a fresh issue worth ₹0.0 crore and an offer for sale valued at ₹ - crore. The exact listing price will be revealed on -, which is when the shares start trading on the exchange.
: Lot Size and Issue Size
The minimum application lot size is shares, and investors need to apply for at least one lot. The total IPO size is approximately ₹2200Cr crore.
You will also get notified of your allotment via push notifications and email from Torus Digital.

Get started with us today and
start building your wealth journey
*By clicking, I agree to the T&C and Whatsapp updates.

Congratulations,
Your Digital savings bank account opening journey is complete.