Veritaas Advertising IPO Details Today, GMP Price, Date, Review

Veritaas Advertising IPO Subscription Status, Rate

Veritaas Advertising IPO Details Today : Veritaas Advertising IPO is Open on 13 May 2024 and Close on 15 May 2024. Veritaas Advertising IPO to Raise744,000 shares (Approx ₹8.48 Cr) via IPO. The Fresh Issue of 744,000 shares (Approx ₹8.48 Cr).

 

 

Incorporated on July 2018 We are an integrated advertising agency offering 360-degree services across multiple platforms. We own advertisement spaces in West Bengal, Guwahati and Shillong, thereby making us one of the few media owning marketing and advertisement agencies also operate in Delhi, Mumbai and Pune.

 

We operate/advertise in police booths and outdoor hoardings, which reduces our dependence on third parties and enables us in offering integrated services. We offer marketing and advertising services through the following platforms police booth hoardings, Newspapers insertions, Brochures, and display of Outdoor Hoardings etc.

Veritaas Advertising IPO Date & Price Band Details

IPO Open Date 13 May 2024
IPO Close Date 15 May 2024
IPO Size 744,000 shares (Approx ₹8.48 Cr)
Fresh Issue 744,000 shares (Approx ₹8.48 Cr)
Lot Size 1200 Shares
IPO Face Value ₹10 Per Equity Share"
IPO Price Band ₹109 to ₹114 Per Every Share
IPO Listing On NSE SME
IPO Retail Quota 35.14%
IPO QIB Quota 49.75%
IPO NII Quota 15.11%
DRHP Draft Click Here
Anchor Investor Click Here

 

Veritaas Advertising IPO Market Lot Details

Application Lot Size Shares Amount
Retail Minimum 1 1200 ₹136,800
Retail Maximum 1 1200 ₹136,800
S-HNI Minimum 2 2400 ₹273,600

 

Object of the issue

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

Veritaas Advertising IPO Allotment & Listing Date (Details)

IPO Open Date 13 May 2024
IPO Close Date 15 May 2024
Basis of Allotment 16 May 2024
Refunds 17 May 2024
Credit to Demat Account 17 May 2024
IPO Listing Date 21 May 2024

 

Veritaas Advertising Financial Reports

₹ in Crores
Year Revenue Expense PAT
Feb 2024 ₹9.04 ₹6.93 ₹1.57
2023 ₹7.87 ₹7.20 ₹0.44
2022 ₹3.39 ₹3.22 ₹0.13
2021 ₹9.04 ₹6.93 ₹0.20

 

Our Company Promoters-

  • Debojyoti Banerjee

Qualitative Factors

  •  Fully integrated service portfolio offering result-oriented solutions.
  •  Geographical presence.
  •  Diverse customer base spread across various industries.
  •  Well experienced management team with proven project management and implementation skills .
  •  Infrastructure to support innovative and quality solutions.
  • Meeting expectation of clients and maintaining long term relationship with clients.
  • Marque Clientele .

Veritaas Advertising Comparison Listed Industry Peers Group

Company Name Face Value EPS P/E Ratio Ro NW (%) NAV Per Revenue (₹ in Lakhs)
Veritaas Advertising Limited 10.00 48.77 [.] 48.99% 99.55 774.84
Peer Group
Crayons Advertising Limited 10.00 9.22 24.74 30.82% 29.91 27,568.45
Advertising & Marketing Services Limited 10.00 1.56 11.41 3.67% 42.59 2,003.47

 

Comparison of accounting ratios with listed Industry peers.

  • Veritaas Advertising Limited.
  • Crayons Advertising Limited.
  • Advertising & Marketing Services Limited.

 

Veritaas Advertising Company Contact Details

38/2A, Gariahat South Road,
Dhakuria Rash Behari Avenue,
Kolkata – 700 029,
West Bengal, India.
Telephone: +91 334 044 6683
E-mail: info@veritaasadvertising.com
Investor grievance id: investors@veritaasadvertising.com
Website: www.veritaasadvertising.com

 

Veritaas Advertising IPO Registrar

MAS Services Limited
T-34, 2nd Floor, Okhla Industrial Area,
Phase-II New Delhi- 110 020,
Delhi, India.
Telephone: +91 112 638 7281/83, 114 132 0335
Facsimile: +91 112 638 7384
E-mail: ipo@masserv.com
Website: www.masserv.com
Investor grievance: investor@masserv.com
Contact Person: N. C. Pal

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