Veritaas Advertising IPO GMP, Review, Price, Allotment

0

Last updated on May 21, 2024

Veritaas Advertising IPO GMP

Veritaas Advertising IPO description – Founded in 2018, Veritaas Advertising is an integrated advertising agency providing 360-degree services across various platforms. The company offers a high-end ecosystem and comprehensive advertising solutions platform for media services, which includes brand strategy, events, and outdoor (OOH) media services. These cover various advertising methods such as police booth hoardings, newspaper insertions, brochures, and outdoor hoardings, among others.

The company owns advertising spaces in West Bengal, Guwahati, and Shillong, making it one of the select media-owning marketing and advertising agencies. Veritaas also operates in Delhi, Mumbai, and Pune. Veritaas Advertising assists customers in various ways: (i) establishing brand presence and educating customers, (ii) expanding brand reach and visibility, (iii) enhancing brand recall and goodwill, (iv) engaging and interacting with targeted customers, and (v) boosting sales and conversions.

Veritaas Advertising serves a notable clientele, including brands such as Honda, TVS, Ultratech Cement, Star Cement, MP Birla Group, Greenply, ITC Limited, Raipur Electronics, Mitsubishi Electric, ILS Hospitals, ICA, and Delhi Public School, among others. As of 31 January 2024, the company employs 71 people on its payroll.

Veritaas Advertising

Promoters of Veritaas Advertising – Debojyoti Banerjee, Sangita Debnath, and Mina Debnath


Veritaas Advertising IPO Details

Veritaas Advertising IPO Dates13 – 15 May 2024
Veritaas Advertising Issue PriceINR 109 – 114 per share
Fresh issue744,000 shares (INR 8.11 – 8.48 crore)
Offer For SaleNIL
Total IPO size744,000 shares (INR 8.11 – 8.48 crore)
Minimum bid (lot size)1,200 shares (INR 136,800)
Face Value INR 10 per share
Retail Allocation35.14%
Listing OnNSE EMERGE

Veritaas Advertising Financial Performance

 FY 2021FY 2022FY 20231 Apr 2023 – 10 Feb 2024
Revenue230.41336.98774.84903.26
Expenses207.86322.42719.73693.45
Net income19.7212.5843.89156.79
Figures in INR Lakhs unless specified otherwise

Veritaas Advertising Offer News


Veritaas Advertising Valuations & Margins

FY 2021FY 2022FY 2023
EPS1.020.652.27
PE ratio48.02 – 50.22
RONW (%)78.4827.5248.99
NAV251.3650.7899.54
ROCE (%)104.8815.8636.07
EBITDA (%)11.357.0013.34
Debt/Equity 1.641.50
*Compiled by IPO Central from Prospectus

Veritaas Advertising IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
20 May 20241251,18,000
18 May 202410598,700
17 May 202410598,700
16 May 202410095,000
15 May 202410095,000
14 May 202410090,000
13 May 202410090,000
11 May 20248586,500
10 May 20247565,000
9 May 20248070,000
8 May 20246055,000

Veritaas Advertising IPO Subscription – Live Updates

CategoryQIBNIIRetailTotal
Shares Offered1,77,6001,06,8002,48,4005,32,800
15 May 2024102.41629.91989.44621.69
14 May 20241.1094.94209.58117.11
13 May 20240.0017.4541.6822.93

The market maker reservation portion of 37,200 shares is not included in the above calculations.


Veritaas Advertising IPO Allotment Status

Veritaas Advertising IPO allotment status is now available on Mas Services’ website. Click on Mas Services IPO weblink to get allotment status.


Veritaas Advertising IPO Dates & Listing Performance

IPO Opening Date13 May 2024
IPO Closing Date15 May 2024
Finalization of Basis of Allotment16 May 2024
Initiation of refunds17 May 2024
Transfer of shares to demat accounts17 May 2024
Veritaas Advertising IPO Listing Date21 May 2024
Opening Price on NSE SMEINR 275 per share (up 141.23%)
Closing Price on NSE SMEINR 261.25 per share (up 129.17%)

Veritaas Advertising Offer Lead Manager

HORIZON MANAGEMENT PRIVATE LIMITED
19 R N Mukherjee Road, Main Building, 2nd Floor,
Kolkata- 700 001, West Bengal, India
Phone: +91 33 4600 0607
Email: [email protected]
Website: www.horizonmanagement.in


Veritaas Advertising Offer Registrar

MAS SERVICES LIMITED
T-34, 2nd Floor, Okhla Industrial Area,
Phase-II New Delhi- 110 020
Phone: +91 112 638 7281/83
Email: [email protected]
Website: www.masserv.com


Veritaas IPO Contact Details

VERITAAS ADVERTISING LIMITED
38/2A, Gariahat South Road, Dhakuria,
Rash Behari Avenue, Kolkata – 700 029, West Bengal
Phone: +91 334 044 6683
E-mail: [email protected]
Website: www.veritaasadvertising.com


IPO FAQs

What is the Veritaas Advertising offer size?

Veritaas Advertising’s offer size is INR 8.11 – 8.48 crores.

What is the Veritaas Advertising offer price band?

Veritaas Advertising’s public offer price is INR 109 – 114 per share.

What is the lot size of the Veritaas Advertising IPO?

Veritaas Advertising’s offer lot size is 1,200 shares.

What is Veritaas Advertising IPO GMP today?

Veritaas Advertising IPO GMP today is INR 125 per share.

What is the Veritaas Advertising kostak rate today?

Veritaas Advertising kostak rate today is INR NA per application.

What is Veritaas Advertising Subject to the Sauda rate today?

Veritaas Advertising is Subject to the Sauda rate today is INR 1,18,000 per application.

LEAVE A REPLY

Please enter your comment!
Please enter your name here