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Veritaas Advertising Ltd.

Veritaas Advertising Ltd.

NSE SME · SME IPO
Listed NSE SME SME Live Chart
Issue Price
₹114
₹114
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹114
Based on GMP
Min. Investment
₹136,800
1 lot × 1200 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
13 May 2024
Close Date
15 May 2024
Allotment
16 May 2024
Listing Date
21 May 2024
Exchange
NSE SME
Price Band
₹114
Listing Price
See chart
Allotment Status
Price Band
₹114
Per share
Face Value
₹10 per share
 
Lot Size
1,200 Shares
per lot
Issue Size
7,44,000 shares (aggregating up to ₹8.48 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹136,800
1 lot
Pre-IPO Holding
20,79,000 shares
Promoters
Post-IPO Holding
28,23,000 shares
Promoters
P/E (Pre)
54x
 
P/E (Post)
17.1x
 
EPS (Pre)
₹2.11
 
EPS (Post)
₹6.66
 
UPI Deadline
2024-05-15
Mandate
Anchor AllotmentSun, 12 May 2024
Basis of AllotmentThu, 16 May 2024
Refund InitiationFri, 17 May 2024
Demat CreditFri, 17 May 2024
Listing DayTue, 21 May 2024
UPI Mandate Deadline2024-05-15
Sale TypeFresh Capital
Net Offer to Public7,06,800 shares (aggregating up to ₹8.06 Cr)
Market Maker Quota37,200 shares (aggregating up to ₹0.4241 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Veritaas Advertising Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 15 May 2024.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
Market Maker
Awaited
37,200
₹0.42
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
744,000
100% ₹8.48
IPO Shares Offered
Veritaas Advertising Ltd. IPO total issue size: ₹8.48 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Market Maker 37,200 ₹0.42
5.00%
Total 744,000 ₹8.48
100.00%
* Based on upper price band ₹114 per share
Lot Size & Investment
Lot Size
1,200
Shares per Lot
Issue Price
₹114.00
Upper Band
Min Investment
₹136,800
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)22,400₹273,600
Retail (Max — 13 Lots)1315,600₹1,778,400
S-HNI (Min — 14 Lots)1416,800₹1,915,200
B-HNI (Min — 68 Lots)6881,600₹9,302,400
* Issue Price ₹114 × Lot Size 1,200 shares
IPO Schedule
Anchor
12 May 2024
✓ Done
IPO Open
13 May 2024
✓ Done
IPO Close
15 May 2024
✓ Done
Allotment
16 May 2024
✓ Done
Refunds
17 May 2024
✓ Done
Demat Credit
17 May 2024
✓ Done
Listing Day
21 May 2024
✓ Done
Veritaas Advertising Ltd. — Live Price LIVE
₹114.00
INR · NSE
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Issue ₹114.00 Live Price
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 includesCreate brand presence & educate your customers;Increase brand reach & visibility;Create high recall and goodwill for the brand;Engage & interact with your targeted customers; andIncrease 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.
Objects of the Issue
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
Veritaas Advertising Ltd. Financials (Amount in ₹ Lakhs)
Revenue from Operations
₹339.2
31 Mar 2022
₹786.8
31 Mar 2023
₹786.8
10 Feb 2024
Profit After Tax (PAT)
₹12.6
31 Mar 2022
₹43.9
31 Mar 2023
₹156.8
10 Feb 2024
Particulars10 Feb 202431 Mar 202331 Mar 2022
Revenue from Operations 786.75 786.75 339.22
EBITDA N/A N/A N/A
Profit After Tax (PAT) 156.79 43.89 12.58
Net Worth 354.39 89.60 45.71
Total Assets 926.51 530.58 269.00
Reserves & Surplus 146.49 80.60 36.71
Borrowings 228.17 134.03 74.73
EBITDA Margin (%) N/A
PAT Margin (%) 17.36%
P/BV Ratio
6.69
RoE
44.24%
RoCE
39.65%
RoNW
44.23%
PAT Margin
17.36%
Debt/Equity
0.64
Issue Structure & Shareholding
Total Shares Offered7,44,000 (100.00%)
Net Offer to Public7,06,800 shares (aggregating up to ₹8.06 Cr)
Reserved for Market Maker37,200 shares (aggregating up to ₹0.4241 Cr)
Pre-Issue Promoter Holding20,79,000 shares
Post-Issue Promoter Holding28,23,000 shares
P/BV Ratio6.69
RoE44.24%
RoCE39.65%
Debt / Equity0.64
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Horizon Management Pvt.Ltd
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Veritaas Advertising Ltd. IPO subscribed?

Veritaas Advertising Ltd. IPO is subscribed 1.00 times by May 15, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Veritaas Advertising Ltd. IPO retail subscription status?

The Veritaas Advertising Ltd. IPO retail category is subscribed 1.00 times as of 15 May 2024. The retail portion is oversubscribed.

How to subscribe Veritaas Advertising Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 13 May 2024 and closes 15 May 2024. Min investment: ₹136,800 (1 lot = 1,200 shares). UPI mandate: 2024-05-15.

How many times Veritaas Advertising Ltd. IPO subscribed?

The Veritaas Advertising Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Veritaas Advertising Ltd. IPO allotment?

Check allotment on the registrar website (MAS Services Ltd.) at https://www.masserv.com/opt.asp. Enter your PAN, application number or DP/Client ID. Allotment date: 16 May 2024. Refunds: on 17 May 2024.

When Veritaas Advertising Ltd. IPO will be listed?

The Veritaas Advertising Ltd. IPO listing date is 21 May 2024, Tuesday. Listed on: NSE SME. Issue price: ₹114. Estimated listing: ₹114. GMP: NIL.

When Veritaas Advertising Ltd. IPO close?

The Veritaas Advertising Ltd. IPO closes on 15 May 2024, Wednesday. UPI mandate: 2024-05-15. Allotment: 16 May 2024. Listing: 21 May 2024.