The Veritaas Advertising Limited date has been confirmed from May 13, 2024 to May 15, 2024. Read the post to learn about Veritaas Advertising Limited IPO GMP.
The Veritaas Advertising IPO is a book-built issue of Rs 8.48 crores. The issue is entirely a fresh issue of 7.44 lakh shares. Veritaas Advertising IPO opens for subscription on May 13, 2024, and closes on May 15, 2024. The allotment for the Veritaas Advertising IPO is expected to be finalized on Thursday, May 16, 2024. Veritaas Advertising IPO will be listed on NSE SME with a tentative listing date fixed as Tuesday, May 21, 2024.
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Key Details Of Veritaas Advertising Limited IPO
Bidding Dates
May 13-May 15
Price Range
₹109 to ₹114 per share
Face Value
₹10 per share
GMP
₹145
Veritaas Advertising Limited IPO GMP
The Veritaas Advertising Limited IPO GMP is ₹145.
IPO Overview
Veritaas Advertising Limited was established on July 31, 2018. It is a full-service advertising agency that offers services across multiple platforms. The company has advertising spaces in West Bengal, Guwahati, and Shillong, distinguishing it as one of the few media-owning marketing and advertising agencies.
Veritaas Advertising Limited also operates in Delhi, Mumbai, and Pune. The minimum lot size for an application is 1200 shares. Retail investors need to invest a minimum of ₹136,800, while HNI investors must invest in 2 lots (2,400 shares) amounting to ₹273,600.
Veritaas Advertising Limited IPO Details
| IPO Date | May 13, 2024 to May 15, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹109 to ₹114 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 744,000 shares (aggregating up to ₹8.48 Cr) |
| Fresh Issue | 744,000 shares (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 |
| Market Maker portion | 37,200 shares |
Veritaas Advertising Limited Financial Information
| Period Ended | 10 Feb 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 926.51 | 530.58 | 269.00 | 152.32 |
| Revenue | 786.75 | 786.75 | 339.22 | 234.21 |
| Profit After Tax | 156.79 | 43.89 | 12.58 | 19.72 |
| Net Worth | 354.39 | 89.60 | 45.71 | 25.13 |
| Reserves and Surplus | 146.49 | 80.60 | 36.71 | 24.13 |
| Total Borrowing | 228.17 | 134.03 | 74.73 | |
| Amount in ₹ Lakhs | ||||
Veritaas Advertising Limited IPO Timeline
| IPO Open Date | Monday, May 13, 2024 |
| IPO Close Date | Wednesday, May 15, 2024 |
| Basis of Allotment | Thursday, May 16, 2024 |
| Initiation of Refunds | Friday, May 17, 2024 |
| Credit of Shares to Demat | Friday, May 17, 2024 |
| Listing Date | Tuesday, May 21, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 15, 2024 |
Company Profile
We are Veritaas, a team of passionate marketers who believe that advertising plays a crucial role in ensuring the success of a brand. Our dedicated and creative approach guarantees impactful and unique branding strategies that make you the preferred choice of customers.
With over 30 years of experience, we have learned that in today’s world of social media, outdoor advertising is crucial for reaching customers and making a lasting impression. Unlike online ads that can be compromised, outdoor ads remain
effective in engaging customers without the risk of cyber threats. Outdoor advertising platforms engage audiences with impactful messages while they are on the go.
Registrar Info
| Name | Mas Services Limited |
| Phone number | (011) 2610 4142 |
| Email ID | [email protected] |
| Website | masserv.com |
Contact Details
| Name | Veritaas Advertising Limited |
| Phone number | +91 33 4044 6683 |
| Email ID | [email protected] |
| Website | veritaasadvertising.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Veritaas Advertising Limited IPO FAQs
When Veritaas Advertising IPO will open?
The Veritaas Advertising IPO opens on May 13, 2024 and closes on May 15, 2024.
What is the lot size of Veritaas Advertising IPO?
Veritaas Advertising IPO lot size is 1200 Shares, and the minimum amount required is ₹136,800.
When is Veritaas Advertising IPO listing date?
The Veritaas Advertising IPO listing date is not yet announced. The tentative date of Veritaas Advertising IPO listing is Tuesday, May 21, 2024.
