Veritaas Advertising
Veritaas Advertising Info
Details about the Veritaas Advertising IPO. Opening Date of Veritaas Advertising is 13 May 24 and Closing Date is 15 May 24 . Face Value of Each share of Veritaas Advertising is ₹10 per share. Price band of Veritaas Advertising is ₹109 to ₹114. The Lot size of Veritaas Advertising is 1,200 shares. Total issue size of Veritaas Advertising IPO is ₹8.48 cr. Fresh Issue of Veritaas Advertising IPO is 8.48 cr. This is a Book Building IPO. Expected to list on NSE SME. Share Holding Pre Issue of Veritaas Advertising is 2,079,000. Share Holding Post Issue of Veritaas Advertising is 2,823,000.
Business Summary
Veritaas Advertising is an integrated advertising agency having its own media, offering 360-degree services across multiple platforms.
The company owns advertisement spaces in West Bengal, Guwahati, and Shillong. Veritaas Advertising also operates in Delhi, Mumbai, and Pune.
The company operates/advertises in police booths and outdoor hoardings, which reduces its dependence on third parties and enables it to offer integrated services.
Veritaas Advertising IPO Details
| Open Date | 13 May 24 |
|---|---|
| Close Date | 15 May 24 |
| Face Value | ₹10 per shares |
| Price Band | ₹109 - ₹114 |
| Lot Size | 1,200 Shares |
| Total issue Size | 744,000 Shares ₹8.48 cr |
| Fresh Issue | 744,000 Shares ₹8.48 cr |
| Issue Type | Book Building |
| Listing At | NSE SME |
| Share Holding Pre Issue | 2,079,000 |
| Share Holding Post Issue | 2,823,000 |
| Market Maker | Horizon Financial Consultants |
| Market Maker Portion | 37,200 Shares |
| RHP , DHRP | View RHP, View DRHP |
Veritaas Advertising IPO Timeline
The Veritaas Advertising Initial Public Offering (IPO) is set to open on 13 May 24 and will end its subscription phase on 15 May 24. You can check your allotment status for Veritaas Advertising on 16 May 24. The refund process for your funds will start promptly on 17 May 24. Veritaas Advertising IPO credit of shares will be on 17 May 24. The listing date for Veritaas Advertising is on 21 May 24.
Open Date
Close Date
Basis Of Allotment
Initialization of Refund
Credit of Share
Listing Date
Veritaas Advertising IPO Reservation
The Veritaas Advertising IPO reserves shares for different investor categories. Approximately Not more than 50.00% of the Net offer will be available for QIB, Not Less than 15% of the Net Issue will be available for NII, Not Less than 35% of the Net Issue will be available for Retail,
37,200 Shares will be reserved for subscription by Horizon Financial Consultants
| Investor Category | Shares Offered |
|---|---|
| QIB | Not more than 50.00% of the Net offer |
| NII | Not Less than 15% of the Net Issue |
| Retail | Not Less than 35% of the Net Issue |
Veritaas Advertising IPO Lot Size
Bids can be made for minimum of 1200 shares and in multiple of 1200 equity shares thereafter
| Application | Lot | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | 136,800 |
| Retail (Max) | 1 | 1,200 | 136,800 |
| HNI (Min) | 2 | 2,400 | 273,600 |
Veritaas Advertising IPO Promoters Holding
Promoters holding details for Veritaas Advertising in the current issue is as follows: The share holding of promoters before the issue stands at 88.74%, and after the issue, it has been adjusted to 88.74%.
Promoters of Veritaas Advertising are Debojyoti Banerjee, Sangita Debnath, Mina Debnath,
| Share Holding Pre Issue | 88.74% |
|---|---|
| Share Holding Post Issue | 88.74% |
Veritaas Advertising Financial Information
Financial performance details for Veritaas Advertising over the years are as follows: The table below presents key financial indicators, including Assets, Revenue, and Profit After Tax (PAT).
| Period | 10 Feb 24 | 31 Mar 23 | 31 Mar 22 | 31 Mar 21 |
|---|---|---|---|---|
| Assets | 926.51 | 530.58 | 269 | 152.32 |
| Revenue | 786.75 | 786.75 | 339.22 | 234.21 |
| Profit After Tax | 156.79 | 43.89 | 12.58 | 19.72 |
Veritaas Advertising IPO Key Performance Indicator
Key Performance Indicators (KPIs) for Veritaas Advertising are outlined below. Monitoring these KPIs provides insights into the company's operational and strategic performance. The table presents various performance indicators along with their corresponding values.
| KPI | Value |
|---|---|
| P/E (x) | 54 |
| ROCE | 39.65% |
| ROE | 44.24% |
| EPS (Rs) | 2.11 |
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 displays in Kolkata, Mumbai and Pune
- • General Corporate Purposes
Contact Details for Veritaas Advertising
Phone
Office
38/2A, Gariahat South Road, Dhakuria Rash Behari Avenue Kolkata - 700 029
Registrar Details for Veritaas Advertising
Mas Services Limited
Phone
Office
Unit No. 9, Ground Floor, Shiv Shakti Ind. Estt, J. R. Boricha Marg, Lower Parel East, Mumbai, Maharashtra 400011
Lead Manager
- • Horizon Management Private Limited