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.
| Event | Date |
|---|---|
| Veritaas Advertising Ltd IPO Opening Date | 13 May 2024 |
| Veritaas Advertising Ltd IPO Closing Date | 15 May 2024 |
| Basis of Allotment | 16 May 2024 |
| Initiation of Refunds | 17 May 2024 |
| Credit of Shares to Demat | 17 May 2024 |
| Veritaas Advertising Ltd IPO Listing Date | 21 May 2024 |
Veritaas Advertising Ltd IPO Details
| Veritaas Advertising Ltd IPO Date | 13 May 2024 to 15 May 2024 |
| Veritaas Advertising Ltd IPO Face Value | ₹10 per share |
| Veritaas Advertising Ltd IPO Price | ₹109 to ₹114 per share |
| Veritaas Advertising Ltd IPO Lot Size | 1,200 |
| Issue Size | Shares of ₹10 (aggregating up to ₹8.48 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹8.48 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Debojyoti 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 | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,200 | ₹1,36,800 |
| Maximum | 1 | 1,200 | ₹1,36,800 |
- Strengths
- 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 Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 9.82 | 10.36 | 1.70 |
| 03-2023 | 5.29 | 7.87 | 0.43 |
| 03-2022 | 2.69 | 3.39 | 0.13 |
| 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 Holding | 88.74% |
| Post Issue Share Holding | 65.36% |
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)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 445.4258 |
Veritaas Advertising Ltd IPO Prospectus
Veritaas Advertising Ltd IPO Listing Date
| Listing Date | 21 May 2024 |
| BSE Script | 92871 |
| NSE Symbol | VERITAAS |
| Listing In | NSE - SME |
| ISIN | INE0SRI01019 |
| IPO Price | ₹114 |
| Face Value | ₹10 |
Company Contact Information
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
Veritaas Advertising Ltd IPO Lead Manager(s)
- Horizon Management Pvt Ltd
FAQ
What is the issue size of Veritaas Advertising Ltd IPO?
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.