Veritaas Advertising Limited IPO

Veritaas Advertising Limited IPO

  • IPO Date13 May, 2024 to 15 May, 2024
  • Listing Date21 May, 2024
  • Face Value₹10 per share
  • Issue Price₹109 to ₹114 per share
  • Lot Size1200 Shares
  • Minimum Investment₹1,36,800
  • Listing AtNSE SME
  • Total Issue Size7,44,000 Shares
    (aggregating up to ₹8.48 Cr)
  • Fresh Issue7,44,000 Shares
    (aggregating up to ₹8.48 Cr)
  • Offer for Sale-
  • Issue TypeBook Built Issue IPO
  • Share holding pre issue20,79,000
  • Shareholding post issue28,23,000
IPO Dates

Closing Date

15 May, 2024

Initiation of Refunds

17 May, 2024

Listing Date

21 May, 2024

13 May, 2024

Opening Date

16 May, 2024

Basis of Allotment

17 May, 2024

Credit of Shares

UPI Mandate Expiry Date:15 May, 2024

Veritaas Advertising Limited Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (Min)11200₹1,36,800
HNI (Min) 22400₹2,73,600
Retail (Max)11200₹1,36,800

Veritaas Advertising Limited Promoter Holding

The promoters of the Company are Debojyoti Banerjee, Sangita Debnath and Mina Debnath.

Pre Issue Share HoldingPost Issue Share Holding
88.74%88.74%

Veritaas Advertising Limited COMPANY INFORMATION

Veritaas Advertising IPO is a book built issue of Rs 8.48 crores. The issue is entirely a fresh issue of 7.44 lakh shares. Veritaas Advertising IPO opens for subscription on May 13, 2024 and closes on May 15, 2024. The allotment for the Veritaas Advertising IPO is expected to be finalized on Thursday, May 16, 2024. Veritaas Advertising IPO will list on NSE SME with tentative listing date fixed as Tuesday, May 21, 2024. Veritaas Advertising IPO price band is set at ₹109 to ₹114 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹136,800. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹273,600. Horizon Management Private Limited is the book running lead manager of the Veritaas Advertising IPO, while Mas Services Limited is the registrar for the issue. The market maker for Veritaas Advertising IPO is Horizon Financial Consultants. Refer to Veritaas Advertising IPO RHP for detailed information.

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 includes

  1. Create brand presence & educate your customers;
  2. Increase brand reach & visibility;
  3. Create high recall and goodwill for the brand;
  4. Engage & interact with your targeted customers; and
  5. Increase 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.

FAQs About Veritaas Advertising Limited Ipo

Veritaas Advertising Limited IPO will open on 13 May, 2024 and close on 15 May, 2024. Investors must apply within this period to participate.

The Veritaas Advertising Limited IPO price band is set between ₹109.00 and ₹114.00 per share. The minimum lot size is 1200, requiring an investment of at least ₹136800.00.

The Veritaas Advertising Limited IPO shares are expected to be listed on 21 May, 2024, subject to regulatory approvals and final allotment.

You can track your Veritaas Advertising Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID

The Veritaas Advertising Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.