Veritaas Advertising IPO

    Veritaas Advertising IPO GMP Guidance & Subscription Status at,
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    Veritaas Advertising IPO Latest updates:
    The company will enter the market on May 13 and listing is expected to be on 21 May 2024.

    What is the latest GMP of Veritaas Advertising IPO?*
    Latest GMP & Subject to rates: Click

    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 @

    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 
    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 Cr 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.


    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.

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