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Open
13 May 2024
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Close
15 May 2024
3
Allotment
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Listing
Tue, May 21, 2024
Price Band
₹109 to ₹114
Issue Size
7,44,000 shares (agg. up to ₹8 Cr)
Lot Size
1,200 Shares
Listing Date
Tue, May 21, 2024
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 463.03x |
Restated Financials (₹ Cr.)
| Period Ended | 10 Feb 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 9.27 | 5.31 | 2.69 | 1.52 |
| Total Income | 7.87 | 7.87 | 3.39 | 2.34 |
| Profit After Tax | 1.57 | 0.44 | 0.13 | 0.20 |
| NET Worth | 3.54 | 0.90 | 0.46 | 0.25 |
| Reserves and Surplus | 1.46 | 0.81 | 0.37 | 0.24 |
| Total Borrowing | 2.28 | 1.34 | 0.75 | |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Graphisads Ltd. | SME | ₹53.41 Cr | ₹111 | 26.88 | ₹105.95 | -4.55% | ₹27.65 (-1.07%) |
| Pramara Promotions Ltd. | SME | ₹15.27 Cr | ₹63 | null | ₹116.55 | +85.00% | ₹137.35 (-0.97%) |
| Crayons Advertising Ltd. | SME | ₹41.80 Cr | ₹65 | 9.39 | ₹94.50 | +45.38% | ₹28.00 (-2.44%) |
| R K SWAMY Ltd. | Mainboard | ₹423.56 Cr | ₹288 | 40.96 | ₹262.60 | -8.82% | ₹102.97 (+0.98%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the capital expenditure towards setting up of new Police Booths in West Bengal, Assam, Maharashtra and Delhi | 5.27 |
| 2 | Funding the capital expenditure in Pole Kiosks for setting up of traffic signal point display in Kolkata, Mumbai and Pune | 0.60 |
| 3 | General corporate purposes | 1.36 |
About Veritaas Advertising IPO
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 Create brand presence & educate your customers; Increase brand reach & visibility; Create high recall and goodwill for the brand; Engage & interact with your targeted customers; and 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 o
Contact Details
Veritaas Advertising Ltd. Address38/2A, Gariahat South Road, DhakuriaDhakuriaRash Behari AvenueKolkata, West Bengal, 700029+91 33 4044 6683info@veritaasadvertising.comVisit Website