m.Stock by Mirae AssetOpen Demat Account
m.Stock by Mirae Asset

IPO Veritaas Advertising Ltd

  • Price Range

    ₹109 - ₹114

  • Min. Quantity

    1,200

  • Closes on

    15 May 2024

  • Min. investment

    ₹1,36,800/1,200 Shares

Veritaas Advertising Ltd IPO Timeline

Veritaas Advertising Limited was incorporated on July 31, 2018 with the name Veritaas Advertising Private Limited' dated August 1, 2018 issued by the Registrar of Companies, Central Registration Centre. Subsequently, Company got converted into a Public Limited Company as Veritaas Advertising Limited' and a fresh Certificate of Incorporation dated February 1, 2024 was issued by the Registrar of Companies, West Bengal at Kolkata.

EventDate
Veritaas Advertising Ltd IPO Opening Date13 May 2024
Veritaas Advertising Ltd IPO Closing Date 15 May 2024
Basis of Allotment16 May 2024
Initiation of Refunds17 May 2024
Credit of Shares to Demat17 May 2024
Veritaas Advertising Ltd IPO Listing Date21 May 2024

Veritaas Advertising Ltd IPO Details

Veritaas Advertising Ltd IPO Date13 May 2024 to 15 May 2024
Veritaas Advertising Ltd IPO Face Value10 per share
Veritaas Advertising Ltd IPO Price109 to ₹114 per share
Veritaas Advertising Ltd IPO Lot Size1,200
Issue SizeShares of ₹10 (aggregating up to ₹8.48 Cr)
Fresh IssueShares of ₹10 (aggregating up to ₹8.48 Cr)
Offer for Sale-
Issue TypeBook Building - SME
Listing At NSE - SME
QIB Shares Offered-
Retail Shares Offered-
NII (HNI) Shares Offered-
Company PromotersDebojyoti Banerjee, Mina Debnath, Sangita Debnath

Veritaas Advertising Ltd IPO Lot Size

The Veritaas Advertising Ltd IPO lot size is 1,200 shares. A retail-individual investor can apply for up to 1 lots (1,200 shares or ₹1,36,800).

Application LotsSharesAmount
Minimum11,200₹1,36,800
Maximum11,200₹1,36,800
  • Risks
  • Opportunities
  • Fully integrated service portfolio offering result-oriented solutions.
  • Geographical presence.
  • Diverse customer base spread across various industries.
  • Well experienced management team with proven project management and implementation skills.
  • Infrastructure to support innovative and quality solutions.
  • Meeting expectation of clients and maintaining long term relationship with clients.
  • Marque Clientele.

Company Financials

Veritaas Advertising Ltd Financial Information (Restated)

Period Ended Total AssetsTotal RevenueProfit After Tax
03-20249.8210.361.70
03-20235.297.870.43
03-20222.693.390.13
Amount in ₹ Crore

Objects of the Issue

The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:

  • Funding the capital expenditure towards setting up of new Police Booth in West Bengal, Assam, Maharashtra and Delhi
  • Funding the capital expenditure in Pole Kiosks for setting up of traffic signal point display in Kolkata, Mumbai and Pune
  • General Corporate Purposes

Veritaas Advertising Ltd IPO Promoter Holding

Pre Issue Share Holding88.74%
Post Issue Share Holding65.36%

Veritaas Advertising Ltd IPO Subscription Status (Bidding Detail)

The Veritaas Advertising Ltd IPO is subscribed 445.4258 times on 15 May 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryQIBNIIRetailEmployeeTotal
Subscription (times)----445.4258

Veritaas Advertising Ltd IPO Prospectus

Veritaas Advertising Ltd IPO Listing Date

Listing Date21 May 2024
BSE Script 92871
NSE SymbolVERITAAS
Listing In NSE - SME
ISININE0SRI01019
IPO Price114
Face Value10

Company Contact Information

Veritaas Advertising Ltd
38/2A Gariahat South RoadDhakuria Rash Behari Avenue,Kolkata-700029
Phone: +91 334 044 6683
Email: info@veritaasadvertising.com
Website: www.veritaasadvertising.com

Veritaas Advertising Ltd IPO Registrar

Phone:+91 112 6387281/83,1141 320335
Email: ipo@masserv.com
Website: www.masserv.com

Veritaas Advertising Ltd IPO Lead Manager(s)

  1. Horizon Management Pvt Ltd

FAQ

What is the issue size of Veritaas Advertising Ltd IPO?

Veritaas Advertising Ltd IPO, which opens for subscription from to 15 May 2024 has an issue size of ₹8.48 crore. The issue type is book building issue.

I have pre-applied for Veritaas Advertising Ltd IPO. When will my order get placed?

In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.

What are the open and close dates for Veritaas Advertising Ltd IPO?

Veritaas Advertising Ltd IPO Opens for subscription from 13 May 2024 to 15 May 2024

What is the lot size and minimum order quantity of the Veritaas Advertising Ltd IPO?

The lot size of Veritaas Advertising Ltd is 1,200 shares. Retail investors can subscribe to minimum 1 lot and maximum 1 lots. The minimum and maximum application value is ₹1,36,800 and ₹1,36,800 respectively.

What are the allotment dates for the Veritaas Advertising Ltd IPO?

Allotment date for Veritaas Advertising Ltd is 16 May 2024 and refund of application amount (in case allotment is not received) will begin from 17 May 2024. If your allotment goes through, then shares will be credited in your Demat account by 17 May 2024.

Who is the registrar of Veritaas Advertising Ltd IPO?

The registrar for Veritaas Advertising Ltd IPO is Mas Services Limited. You can check your IPO allotment status on the registrar's website.

Where is the Veritaas Advertising Ltd IPO getting listed?

The shares of Veritaas Advertising Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)