Veritaas Advertising Limited IPO
NSE SMEClosed
May 13, 2024Open Date
May 15, 2024Close Date
TBAAllotment Date
May 21, 2024Listing Date
Subscription Details
View Subscription DetailsRetail989.44x
QIB / NII0.00x
Overall Subscription
Total Bids Received
621.69x
Updated: 10 Jul, 06:09 pm
Veritaas Advertising Limited IPO Issue Details
Issue Price₹109-114 Per Equity Share
Face Value₹10 Per Equity Share
Fresh Share7,44,000 shares(aggregating up to ₹8.48 crore)
Listing AtNSE SME
Listing DateMay 21, 2024
RegistrarMas Services Limited
Reservation Details
| Category | Shares Offered | % |
|---|---|---|
| NII | 1,06,800 | 14.35% |
| QIB | 1,77,600 | 23.87% |
| Anchor | 1,74,000 | 23.39% |
| Market Maker | 37,200 | 5% |
Company Information
Incorporated on July 31, 2018, Veritas Advertising Limited is a full-service advertising agency offering 360-degree services across platforms.The company owns advertising spaces in West Bengal, Guwaha...
Valuations
EPS (Pre-IPO)
2.11
EPS (Post-IPO)
6.66
P/E (Pre-IPO)
54
P/E (Post-IPO)
17.1
RoNW
44.23%
PAT Margin
17.36%
P/B Value
6.69
Objectives of the Issue
- 1Funding the capital expenditure towards setting up of new Police Booths in West Bengal, Assam, Maharashtra and Delhi
- 2Funding the capital expenditure in Pole Kiosks for setting up of traffic signal point displays in Kolkata, Mumbai and Pune
- 3General Corporate Purposes
Veritaas Advertising Limited – Promoter(s)
Debojyoti Banerjee
Sangita Debnath
Mina Debnath
Contact Details
Corporate Office
38/2A, Gariahat South Road, Dhakuria, Rash Behari Avenue, Kolkata - 700 029
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