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

DRHP RHP

The IPO of Veritaas Advertising Limited is priced at ₹109-114 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Mas Services Limited is the registrar of the issue.

Veritaas Advertising Limited IPO bid opening date is from May 13, 2024 and the bid closing date was May 15, 2024.
Veritaas Advertising Limited IPO allotment result will be available on May 16, 2024. The tentative listing date for Veritaas Advertising Limited is May 21, 2024.

The total issue size is 744,000 shares(aggregating up to ₹8.48 Cr).

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

ROE

44.24%

ROCE

39.65%

Debt/Equity

0.64

RoNW

44.23%

PAT Margin

17.36

Price to Book Value

6.69

Veritaas Advertising Limited Company Financials All values are in ₹ Lakh

	10-Feb-24	31-Mar-23	31-Mar-22
Assets	926.51	530.58	269.00
Revenue	786.75	786.75	339.22
Net Worth	354.39	89.60	45.71
Reserves & Surplus	146.49	80.60	36.71
Total Borrowing	228.17	134.03	74.73

About The Company

Incorporated on July 31, 2018, Veritas Advertising Limited is a full-service advertising agency offering 360-degree services across platforms.

The company owns advertising spaces in West Bengal, Guwahati, and Shillong. Thus, it is one of the few media-owning marketing and advertising agencies. The company also operates in Delhi, Mumbai, and Pune.

It provides a premium ecosystem and comprehensive advertising solutions platform for advertising media services. The company is an owner of the advertising media of West Bengal, Guwahati, and Shillong, which has it as one of the rarest media owners.

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

As of January 31, 2024, the Company 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

Other Details

Company Contact Details

Veritaas Advertising Limited

38/2A, Gariahat South Road, Dhakuria, Rash Behari Avenue, Kolkata - 700 029

Phone: +91 33 4044 6683

Email: info@veritaasadvertising.com

Website: http://www.veritaasadvertising.com/

Registrar Contact Details

Mas Services Limited

Phone: (011) 2610 4142

Email: ipo@masserv.com

Website: https://www.masserv.com/opt.asp

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.