Veritaas Advertising Limited IPO

NSE SME

Listed On: May 21, 2024 at ₹ 275.0

₹ 136800 /1200 Shares

Check Allotment

Veritaas Advertising Limited IPO Details

13 May, 2024

Open Date

15 May, 2024

Close Date

16 May, 2024

Allotment Date

21 May, 2024

Listing Date

Issue Price

₹109-114 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Mas Services Limited

List Price

275.0

Listing Date

2024-05-21

Market Lot

1200 Shares (₹136,800/-)

Lead Manager

Horizon Management Private Limited

Issue Size

744,000 shares(aggregating up to ₹8.48 Cr)

Retail Portion

35%

Subscription

621.69 times

IPO Docs

Veritaas Advertising Limited IPO Subscription Details

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	177,600 / 106,800	248,400	532,800
Day 1 - 13-05-24 06:00 PM	0.00 / 17.62 x	42.75 x	23.46 x
Day 2 - 14-05-24 06:00 PM	1.10 / 95.17 x	214.04 x	119.23 x
Day 3 - 15-05-24 06:00 PM	102.41 / 634.66 x	989.44 x	621.69 x

Total No. of Applications: 204,814 (Approx)

Veritaas Advertising Limited Valuations

EPS Pre IPO

₹2.11/-

EPS Post IPO

₹6.66/-

P/E Pre IPO

P/E Post IPO

17.1

RoNW

44.23%

Veritaas Advertising Limited Company Financials All values are in ₹ Lakh

	31-Mar-23	31-Mar-22	31-Mar-21
Assets	530.58	269.00	152.32
Revenue	786.75	339.22	234.21
Profit After Tax	43.89	12.58	19.72

About The Company

eritas Advertising Limited is a comprehensive advertising agency that provides 360-degree services across various platforms.

The company owns advertising spaces in West Bengal, Guwahati, and Shillong, making us one of the few media owning marketing and advertising agencies.The company also operate in Delhi, Mumbai, and Pune.

The company offers a premium ecosystem and comprehensive advertising solutions platform for advertising media services. This includes Brand Strategy, Events, and Outdoor (OOH) Media services, which cover various advertisement modes like police booth hoardings, newspaper insertions, brochures, and display of outdoor hoardings, among others.

The company's service offering includes:
Create brand presence & educate your customers
Increase brand reach & visibility
Create high recall and goodwill for the brand
Engage & interact with your targeted customers
Increase sales & boost conversions.
The clientele of the company includes some well known names such as TVS, Honda, Ultratech Cement, Star Cement, Greenply, ITC Limited, Raipur Electronics, Mistubishi Electrics, ILS Hospitals, ICA, Delhi Public School so on and so forth.

As of January 31,2024, the Company currently has 71 employees on its payroll.

Veritaas Advertising Limited - Promoter(s)

Pre Issue Share Holding: 88.74%

Post Issue Share Holding: %

Company Promoter(s)

Debojyoti Banerjee
Sangita Debnath
Mina Debnath

Veritaas Advertising Limited IPO - Issue Objectives

Funding the capital expenditure towards setting up of new Police Booths in West Bengal, Assam, Maharashtra and Delhi
Funding the capital expenditure in Pole Kiosks for setting up of traffic signal point displays in Kolkata, Mumbai and Pune
General Corporate Purposes

Veritaas Advertising Limited IPO - FAQs

Ans. Veritaas Advertising Limited IPO is a SME IPO. The issue is priced at ₹109-114 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on May 13, 2024, and closes on May 15, 2024. Mas Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Veritaas Advertising Limited IPO opens on May 13, 2024 and closes on May 15, 2024.

Ans. The size of Veritaas Advertising Limited IPO is 744,000 shares(aggregating up to ₹8.48 Cr).

Ans. The IPO price band is set between ₹109-114 per equity share.

Ans. To apply for Veritaas Advertising Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Veritaas Advertising Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Veritaas Advertising Limited IPO is May 16, 2024.

Ans. The Veritaas Advertising Limited IPO will be listed on May 21, 2024.

Ans. Follow the steps to check the allotment status for Veritaas Advertising Limited IPO here.