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
- 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 display in Kolkata, Mumbai and Pune.
- 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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