Veritaas Advertising IPO Details ( Veritaas Advertising Limited IPO Review )
(13 May 2024 – 15 May 2024)
Established in July 2018, Veritas Advertising Limited is a full-service advertising agency that covers all bases, offering a wide range of advertising services.
We have advertising spaces in West Bengal, Guwahati, and Shillong, making us one of the few agencies that both create and manage media spaces. Additionally, we operate in Delhi, Mumbai, and Pune.
Our platform provides everything needed for effective advertising, including Brand Strategy, Events, and Outdoor Media services. This covers a variety of advertising methods such as police booth hoardings, newspaper inserts, brochures, and outdoor hoardings.
Our services focus on:
- Building your brand’s presence and educating your customers.
- Increasing your brand’s reach and visibility.
- Creating strong brand recall and goodwill.
- Engaging and interacting with your target audience.
- Boosting sales and conversions.
Our impressive clientele includes renowned names like TVS, Honda, Ultratech Cement, Star Cement, Greenply, ITC Limited, Raipur Electronics, Mitsubishi Electrics, ILS Hospitals, ICA, and Delhi Public School, among others.
As of January 31, 2024, we have a dedicated team of 71 employees.
Veritaas Advertising IPO Financials Performance ( Results )
Veritaas Advertising Limited Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 152.32 | 234.21 | 19.72 | 25.13 | 24.13 | |
| 31-Mar-21 | 269.00 | 339.22 | 12.58 | 45.71 | 36.71 | 74.73 |
| 31-Mar-21 | 530.58 | 786.75 | 43.89 | 89.60 | 80.60 | 134.03 |
| 10-Feb-24 | 926.51 | 786.75 | 156.79 | 354.39 | 146.49 | 228.17 |
Objective of Veritaas Advertising IPO 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 displays in Kolkata, Mumbai and Pune;
- General Corporate Purposes
Veritaas Advertising IPO Basic Details
| IPO Date | May 13, 2024 to May 15, 2024 |
| Listing Date | Tuesday, May 21, 2024 |
| Face Value | ₹10 per share |
| Price | ₹109 to ₹114 per share |
| Lot Size | 1200 Shares |
| Issue Size | 744,000 shares of ₹10 (aggregating up to ₹8.48 Cr) |
| Fresh Issue | 744,000 shares of ₹10 (aggregating up to ₹8.48 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 2,079,000 |
| Share holding post issue | 2,823,000 |
| Company Promoters | Debojyoti Banerjee, Sangita Debnath and Mina Debnath |
Veritaas Advertising IPO Reservation
| Anchor Investor Shares Offered | 23.39% of the Net Issue |
| Market Maker Shares Offered | 5.00% of the Net Issue |
| QIB Shares Offered | 23.87% of the Net Issue |
| NII (HNI) Shares Offered | 14.35% of the Net Issue |
| Retail Shares Offered | 33.39% of the Net Issue |
| Total Shares Offered | 100.00% of the Net Issue |
Veritaas IPO Timetable
Veritaas IPO will open on May 13, 2024 and close on May 15, 2024. You can join Veritaas IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 13 May 2024 (Monday) |
| Closing Date | 15 May 2024 (Wednesday) |
| Basis of Allotment | 16 May 2024 (Thursday) |
| Initiation of Refunds | 17 May 2024 (Friday) |
| Credit of Shares to Demat | 17 May 2024 (Friday) |
| Listing Date | 21 May 2024 (Tuesday) |
| Deadline for UPI mandate confirmation | 5 PM on 15 May 2024 |
Veritaas Advertising IPO Lot Size
For retail investors in Veritaas Advertising IPO, 1200 shares will come in 1 lot or the minimum investment will be ₹136,800. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹136,800.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1200 | ₹136,800 |
| Retail (Max) | 1 | 1200 | ₹136,800 |
| S-HNI (Min) | 2 | 2400 | ₹273,600 |
Veritaas Advertising IPO Promoter Holding
The company’s promoters include Debojyoti Banerjee, Sangita Debnath and Mina Debnath.
| Pre Issue Share Holding | 88.74% |
| Post Issue Share Holding |
Veritaas Advertising Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 32.18 |
| Earning Per Share (EPS) | ₹2.27 per Equity Share |
| Net Asset Value (NAV) | ₹99.55 per Equity Share |
| P/E Ratio (P/E) (x) | 54 |
| Post P/E Ratio (P/E) (x) | 17.10 |
| Return on Net Worth (RoNW) (%) | 44.23 |
| Return on equity (ROE) (%) | 44.24 |
| Return on Capital Employed (ROCE) (%) | 39.65 |
| Debt/Equity Ratio | 0.64 |
| Price/Book Value Ratio | 6.69 |
Veritaas Advertising IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹110 | – | – |
| 13 May 2024 | ₹100 | – | – |
| 12 May 2024 | ₹90 | – | – |
Veritaas Advertising IPO Detail Video:
link
Veritaas Advertising IPO Subscription Status (Bidding Detail)
The Veritaas Advertising IPO on May 14, 2024 at 7:02:00 PM was subscribed 218.38 times, with the retail category being subscribed 228.43 times, the NII (Non-Institutional Investor) category being subscribed 341.94 times, QIB (Qualified-Institutional Buyers) category being subscribed 107.93 times.
| Category | Subscription |
| QIB | 107.93x |
| NII | 341.94x |
| Retail | 228.43x |
| Total | 218.38x |
Veritaas Advertising IPO Prospectus
| Veritaas Advertising IPO DRHP | Download |
| Veritaas Advertising IPO RHP | Download |
| Veritaas Advertising IPO Anchor Investors Details PDF | Download |
Veritaas Advertising IPO Rating
| Our Rating | 3.0/5.0 |
Veritaas Advertising Company Contact Information
Veritaas Advertising Limited
Registered Office: 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
Facsimile: NA
Website: www.veritaasadvertising.com
Contact Person: Mahima Khandelwal, Company Secretary & Compliance Officer
Corporate Identity Number: U74999WB2018PLC227215
Promoters of Our Company: Debojyoti Banerjee, Sangita Debnath and Mina Debnath
Veritaas Advertising IPO Registrar
Registered Office: 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
Investor grievance: investor@masserv.com
SEBI Registration No.: INR000000049
Contact Person: N. C. Pal
Veritaas Advertising IPO Lead Manager
Horizon Management Private Limited
Registered Office: 19 R N Mukherjee Road, Main Building, 2nd Floor, Kolkata- 700 001,West Bengal, India.
Telephone: +91 334 600 0607
Facsimile: +91 334 600 0607
Email ID: smeipo@horizon.net.co
Website: www.horizonmanagement.in
Investor Grievance ID: investor.relations@horizon.net.co
Contact Person: Manav Goenka
SEBI Registration Number: INM000012926
Veritaas Advertising IPO FAQs
What is the lot size of Veritaas Advertising IPO?
The total size of Veritaas Advertising IPO is ₹8.48 crores and this is a complete fresh Issue.
When will Veritaas Advertising IPO start?
Veritaas Advertising IPO will open from 13 May 2024 and IPO will close on 15 May 2024.
What is the open date of Veritaas Advertising IPO?
Veritaas Advertising IPO will open date from 13 May 2024.
What is the last date ( close date ) of Veritaas Advertising IPO?
Veritaas Advertising IPO will close from 15 May 2024.
What is the price band of Veritaas Advertising IPO?
Veritaas Advertising IPO price band is ₹109 to ₹114. ( Upper Price Band: ₹114, Lower Price Band: ₹109 )
What is the minimum amount required to apply for Veritaas Advertising IPO?
The minimum investment for retailers to apply for Veritaas Advertising IPO is ₹136,800 and the maximum investment is ₹136,800.
What is going on gray market premium of Veritaas Advertising IPO?
View gray market premium of Veritaas Advertising IPO by Clicking Here
How much is the GMP of Veritaas Advertising IPO?
Watch Veritaas Advertising IPO GMP Today: Click Here
What is the allotment date of Veritaas Advertising IPO?
The allotment date of Veritaas Advertising IPO is 16 May 2024.
How to check allotment status in Veritaas Advertising IPO?
To check the allotment status of Veritaas Advertising IPO, first of all go to the registrar website by clicking here, select your bad Veritaas Advertising IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Veritaas Advertising IPO?
The listing date of Veritaas Advertising IPO is 21 May 2024.
How much will be the listing gain in Veritaas Advertising IPO?
View listing gain of Veritaas Advertising IPO by Clicking Here
How much time Veritaas Advertising IPO is subscribed?
Total 218.38 times subscribed in Veritaas Advertising IPO out of which 228.43 times subscription was done in retail quota, 341.94 times subscription in NII quota and 107.93 times subscription in QIB quota.
How to apply for Veritaas Advertising IPO from Upstox?
Click Here to see how to apply for Veritaas Advertising IPO from Upstox. (step by step)
How to apply for Veritaas Advertising PO from Zerodha?
Click Here to see how to apply for Veritaas Advertising IPO from Zerodha. (step by step)
How to apply for Veritaas Advertising IPO from Angle One?
Click Here to see how to apply for Veritaas Advertising IPO from Angle One. (step by step)
