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Veritaas Advertising Ltd. IPO
NSE SME Bookbuilding IPO Fresh Capital Closed Live Chart
GMP +₹0 +0% Est. Listing ₹114
Issue Price
₹114
Face ₹10
GMP
+₹0
+0% premium
Est. Listing
₹114
GMP based
Lot Size
1,200
shares / lot
Min Amount
₹136,800
1 lot · 1,200 shares
Live Price
tap to chart
Allotment
Important Dates
6/6 completed
Open
Close
Allotment
Refund
Demat
Listing
Done
Open Date
13 May 2024
Mon Completed
Done
Close Date
15 May 2024
Wed Completed
Done
Allotment
16 May 2024
Thu Completed
Done
Refund
17 May 2024
Fri Completed
Done
Demat Credit
17 May 2024
Fri Completed
Done
Listing Date
21 May 2024
Tue Completed
UPI Deadline: 15 May 2024
Issue Details
Pricing & Size
Issue Price
₹114 Face ₹10
Lot Size
1,200 shares
Min Investment
₹136,800
Total Issue Size
7,44,000 shares (aggregating up to ₹8.48 Cr)
IPO Information
Issue Type
Bookbuilding IPO
Sale Type
Fresh Capital
Listing Exchange
NSE SME
Script / Ticker
-
Allocation Breakdown
Market Maker
37,200 (5.00%)
QIB Portion
3,51,600 (47.26%)
NII / HNI
1,06,800 (14.35%)
Retail
2,48,400 (33.39%)
Employee
-
Net Offer to Public
7,06,800 shares (aggregating up to ₹8.06 Cr)
Shareholding Pattern
Pre-Issue Shareholding
20,79,000 shares
Post-Issue Shareholding
28,23,000 shares
Application Size
CategoryMin LotsSharesAmount
Retail (sNII) 1 1,200 ₹1,36,800
HNI / NII 2 2,400 ₹2,73,600
Objects of Issue
3 objectives
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 displays in Kolkata, Mumbai and Pune;
3
General Corporate Purposes
Lead Managers & Market Maker
Book Running Lead Managers
Horizon Management Pvt.Ltd
Market Maker
Horizon Financial Consultants Pvt.Ltd.
IPO Timeline
Open
13 May
✓ Done
Close
15 May
✓ Done
Allotment
16 May
✓ Done
Listing
21 May
✓ Done
Registrar Details
MAS Services Ltd.
SEBI Registered Registrar & Transfer Agent
Phone
(011) 2610 4142
Email
ipo@masserv.com
Company Contact
Email
info@veritaasadvertising.com
Phone
+91 33 4044 6683
Address
38/2A, Gariahat South Road, Dhakuria Dhakuria Rash Behari Avenue Kolkata, West Bengal, 700029
Grey Market Premium
LIVE
Current GMP
+₹0
+0% vs Issue Price
Issue Price
₹114
Est. Listing
₹114
Lot Size
1,200 shares
P&L / Lot
+₹0
GMP is unofficial grey market data. Does not guarantee listing price or returns.
GMP Return Calculator
Estimated Listing
GMP %
Investment (1 Lot)
Total Investment
Expected P&L
ROI
Veritaas Advertising Ltd. LIVE
INR ·
vs Issue
Open
High
Low
Mkt Cap
P/E
52W H
52W L
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| Price
Market Reference
IPO Issue Price
₹114
GMP
+₹0 (+0%)
GMP Est. Listing
₹114
Previous Close
Exchange
Data from Yahoo Finance. May be delayed 15–20 min. GMP is unofficial. Not investment advice.
Category-wise Subscription
Category Sub (×) Offered Bid For Amt (Cr)*
QIB 3,51,600 (47.26%) ₹400.82 Cr
NII / HNI (Total) 1,06,800 (14.35%) ₹121.75 Cr
Retail Investors 2,48,400 (33.39%) ₹283.18 Cr
Total ** 7,44,000 (100.00%) ₹8,481.60 Cr
Market Maker * 37,200 (5.00%) ₹4.24 Cr
* Based on ₹114.00 (upper price band)
NII / HNI Breakdown
Shares Reserved
QIB
3,51,600 (47.26%)
NII
1,06,800 (14.35%)
Retail
2,48,400 (33.39%)
Market Maker
37,200 (5.00%)
* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.
Financial Summary
Amount in ₹ Lakhs
Metric10 Feb 202431 Mar 202331 Mar 2022
Revenue786.75786.75339.22
PAT156.7943.8912.58
EBITDA
Net Worth354.3989.6045.71
Total Assets926.51530.58269.00
Reserves146.4980.6036.71
Borrowings228.17134.0374.73
Key Financial Ratios
44.24%
ROE
Return on Equity
39.65%
ROCE
Return on Capital Employed
44.23%
RONW
Return on Net Worth
17.36%
PAT Margin
PAT / Revenue
0.64
D/E Ratio
Debt to Equity
6.69
P/BV
Price to Book Value
2.11
Pre EPS
EPS Pre-Issue
6.66
Post EPS
EPS Post-Issue
54
Pre P/E
P/E Pre-Issue
17.1
Post P/E
P/E Post-Issue
About Veritaas Advertising Ltd.

Incorporated on July 31, 2018, Veritas 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 it 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

  1. Create brand presence & educate your customers;
  2. Increase brand reach & visibility;
  3. Create high recall and goodwill for the brand;
  4. Engage & interact with your targeted customers; and
  5. 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, Mitsubishi Electrics, ILS Hospitals, ICA, Delhi Public School so on and so forth.

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

Frequently Asked Questions
What is the issue price of Veritaas Advertising Ltd. IPO?
The issue price of Veritaas Advertising Ltd. IPO is ₹114 per share, face value ₹10.
What is the lot size?
Minimum lot size is 1,200 shares, requiring ₹136,800.
What are the IPO dates?
Opens 13 May 2024, closes 15 May 2024.
When is the listing date?
Tentative listing: 21 May 2024 on NSE SME.
What is the current GMP?
Current GMP is +₹0, estimated listing ₹114 (+0%). GMP is unofficial.
How to apply?
Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Veritaas Advertising Ltd. IPO · Expected 16 May 2024

Check on Registrar
Post-IPO Timeline
Allotment Date
16 May 2024
Refund Initiation
17 May 2024
Demat Credit
17 May 2024
Listing Date
21 May 2024
Live Price LIVE
Quick Facts
Closed
GMP Signal
Bullish
+₹0
+0%
Issue Price
₹114
Face ₹10
Lot Size
1,200
shares / lot
Min Amount
₹136,800
1 lot
Est. Listing
₹114
GMP +₹0
Key Dates
Open
13 May Done
Close
15 May Done
Listing
21 May Done
Registrar
MAS Services Ltd.
A
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