May 21, 2024
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Veritaas Advertising IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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Veritaas Advertising IPO Post Listing Review:
Listed at Rs. 275, premium of 141.23% over the issue price of Rs. 114. The listing has been very much above the expectations of the grey market players.
What was the last GMP of Veritaas Advertising IPO?*
Premium: Rs.140
Subject to Rs. 127700
Check Subscription status of Veritaas Advertising IPO
On 15 May 2024 @ 5.00 (Day 3) (Closed)
Review: Good response on Day 3
QIB: 102.41 T
NII: 629.56 T
RII: 989.44 T
Total: 621.62 T
Application: 204814
Amount wise Subscription: Rs. 5010 Crore
What is the business of Veritaas Advertising?
Veritaas Advertising is an integrated advertising agency offering 360-degree services across multiple platforms. It owns advertisement spaces in West Bengal, Guwahati and Shillong, thereby making it one of the few media owning marketing and advertisement agencies. It also operates in Delhi, Mumbai and Pune. It operates/advertises in police booths and outdoor hoardings, which reduces its dependence on third parties and enables it in offering integrated services. It offers marketing and advertising services through the various platforms.
Get more information about the company @ http://www.veritaasadvertising.com/
| Veritaas Advertising IPO Details | |
| IPO opens on | 13 May 2024 |
| IPO closes on | 15 May 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 744000 Shares / Rs 8.48 Crore |
| * Fresh Issue | 744000 Shares / Rs 8.48 Crore |
| * Offer for Sale | – Sh /Rs – Cr |
| Market Maker Portion | 37200 Shares |
| Net offer to Public | 706800 Shares/ Rs.8.06 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.109-114 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1200 Shares |
| Listing will at | NSE SME |
| Shares offered in Veritaas Advertising IPO | ||
| Shares | Rs. (Crore) | |
| QIB (50%) | – | – |
| NII (15%) | – | |
| RII (35%) | – | |
| Total Shares | 706800 | 8.06 |
| Retail portion will be oversubscribed by | – | |
| Forms | ||
| How much Shares to Apply in Veritaas Advertising IPO? | ||
| Min Retail Application | 1200 Shares | Rs. 136800 |
| Min HNI Application | 2400 Shares | Rs.273600 |
Who are the Promoters of Veritaas Advertising IPO?
The promoters of the Company are Debojyoti Banerjee, Sangita Debnath and Mina Debnath.
What are the Objects of Veritaas Advertising IPO?
The Offer comprises only of a Fresh Issue of Equity shares.
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
1.Funding the capital expenditure towards setting up of new Police Booths in West Bengal, Assam, Maharashtra and Delhi;
2.Funding the capital expenditure in Pole Kiosks for setting up of traffic signal point displays in Kolkata, Mumbai and Pune;
3.General Corporate Purposes
| Veritaas Advertising IPO Tentative timetable | |
| IPO opens on | 13 May 2024 |
| IPO Closes on | 15 May 2024 |
| IPO Allotment on | 16 May 2024 |
| Refund Initiation | 17 May 2024 |
| Credit of Shares | 17 May 2024 |
| Listing on | 21 May 2024 |
| Registered Office of the Company Veritaas Advertising Limited 38/2A, Gariahat South Road, Dhakuria Rash Behari Avenue Kolkata – 700 029, |
| Who is the Lead Manager of Veritaas Advertising IPO? Horizon Management Private Limited |
| Who is the Registrar to IPO? Mas Services Limited |
| Veritaas Advertising IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Crore | Rs. | % | |
| 2020-21 | 2.34 | 0.20 | 1.02 | 78.48 |
| 2021-22 | 3.39 | 0.13 | 0.65 | 27.52 |
| 2022-23 | 7.87 | 0.44 | 2.27 | 48.99 |
| Book Value of the Share on | 10.02.2024 | Rs 17.05 | ||
| BV of the Share at cap price | after the IPO | Rs. | ||
| Offer Price/upper band | Rs. 114 | |||
| Veritaas Advertising IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 50.22 |
| Price/BV Ratio | 6.70 |
| Upper price/BV after IPO | – |
How Veritaas Advertising IPO compares with the Peers?
| As per DRHP | FV | Total Income | PE Ratio |
| Rs. | In Cr. | @ | |
| Veritaas Advertising | 10 | 7 50.22 | |
| Crayons Advertising | 10 | 276 | 24.74 |
| Maagh Advertising | 10 | 20 | 11.41 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Veritaas Advertising IPO To the point Guidance
Veritaas Advertising is an integrated advertising agency offering 360-degree services across multiple platforms.
Size: The net offer is of Rs. 8.06 Crore/706800 shares. The size of the IPO is very small and over subscription may not be an issue.
Financial Snapshot: Compared to peer companies, the shares are offered at higher valuation, yet the small size of the IPO may fetch huge oversubscription. Listing gains are expected. May Apply.
Quicklinks
Veritaas Advertising IPO GMP today details?
Veritaas Advertising IPO
Veritaas Advertising IPO FAQs
What is Veritaas Advertising IPO?
Veritaas Advertising is a SME IPO of 3211000 equity shares of the face value of Rs. 10 aggregating up to Rs.42.39 Crores. The issue is priced at Rs.125-132 per share. The minimum order quantity is 1000 Shares.
When will Veritaas Advertising IPO open?
Veritaas Advertising IPO opens on May 13, 2024, and closes on May 16, 2024.
What is the lot size of Veritaas Advertising IPO?
Veritaas Advertising IPO lot size is 1000 Shares, and the minimum amount required is Rs.132000.
How to apply for Veritaas Advertising IPO?
You can apply in Veritaas Advertising IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Veritaas Advertising IPO allotment?
The finalization of Basis of Allotment for Veritaas Advertising IPO will be done on May 17, 2024, and the allotted shares will be credited to your demat account by May 20, 2024.
When is Veritaas Advertising IPO listing date?
Veritaas Advertising IPO listing date is May 22, 2024.
