Veritaas Advertising IPO GMP, Review, Price, Allotment

Veritaas Advertising IPO description – Founded in 2018, Veritaas Advertising is an integrated advertising agency providing 360-degree services across various platforms. The company offers a high-end ecosystem and comprehensive advertising solutions platform for media services, which includes brand strategy, events, and outdoor (OOH) media services. These cover various advertising methods such as police booth hoardings, newspaper insertions, brochures, and outdoor hoardings, among others.

The company owns advertising spaces in West Bengal, Guwahati, and Shillong, making it one of the select media-owning marketing and advertising agencies. Veritaas also operates in Delhi, Mumbai, and Pune. Veritaas Advertising assists customers in various ways: (i) establishing brand presence and educating customers, (ii) expanding brand reach and visibility, (iii) enhancing brand recall and goodwill, (iv) engaging and interacting with targeted customers, and (v) boosting sales and conversions.

Veritaas Advertising serves a notable clientele, including brands such as Honda, TVS, Ultratech Cement, Star Cement, MP Birla Group, Greenply, ITC Limited, Raipur Electronics, Mitsubishi Electric, ILS Hospitals, ICA, and Delhi Public School, among others. As of 31 January 2024, the company employs 71 people on its payroll.

Promoters of Veritaas Advertising – Debojyoti Banerjee, Sangita Debnath, and Mina Debnath

Veritaas Advertising IPO Details

Veritaas Advertising IPO Dates	13 – 15 May 2024
Veritaas Advertising Issue Price	INR 109 – 114 per share
Fresh issue	744,000 shares (INR 8.11 – 8.48 crore)
Offer For Sale	NIL
Total IPO size	744,000 shares (INR 8.11 – 8.48 crore)
Minimum bid (lot size)	1,200 shares (INR 136,800)
Face Value	INR 10 per share
Retail Allocation	35.14%
Listing On	NSE EMERGE

Veritaas Advertising Financial Performance

	FY 2021	FY 2022	FY 2023	1 Apr 2023 – 10 Feb 2024
Revenue	230.41	336.98	774.84	903.26
Expenses	207.86	322.42	719.73	693.45
Net income	19.72	12.58	43.89	156.79

Figures in INR Lakhs unless specified otherwise

Veritaas Advertising Offer News

Veritaas Advertising Valuations & Margins

	FY 2021	FY 2022	FY 2023
EPS	1.02	0.65	2.27
PE ratio	–	–	48.02 – 50.22
RONW (%)	78.48	27.52	48.99
NAV	251.36	50.78	99.54
ROCE (%)	104.88	15.86	36.07
EBITDA (%)	11.35	7.00	13.34
Debt/Equity	–	1.64	1.50

*Compiled by IPO Central from Prospectus

Veritaas Advertising IPO GMP Today

Veritaas Advertising IPO Subscription – Live Updates

Coming soon

The market maker reservation portion of shares is not included in the above calculations.

Veritaas Advertising IPO Allotment Status

Veritaas Advertising IPO allotment status will be available on Mas Services’ website. Click on Mas Services IPO weblink to get allotment status.

Veritaas Advertising IPO Dates & Listing Performance

IPO Opening Date	13 May 2024
IPO Closing Date	15 May 2024
Finalization of Basis of Allotment	16 May 2024
Initiation of refunds	17 May 2024
Transfer of shares to demat accounts	17 May 2024
Veritaas Advertising IPO Listing Date	21 May 2024
Opening Price on NSE SME	Coming soon
Closing Price on NSE SME	Coming soon

Veritaas Advertising Offer Lead Manager

HORIZON MANAGEMENT PRIVATE LIMITED
19 R N Mukherjee Road, Main Building, 2nd Floor,
Kolkata- 700 001, West Bengal, India
Phone: +91 33 4600 0607
Email: [email protected]
Website: www.horizonmanagement.in

Veritaas Advertising Offer Registrar

MAS SERVICES LIMITED
T-34, 2nd Floor, Okhla Industrial Area,
Phase-II New Delhi- 110 020
Phone: +91 112 638 7281/83
Email: [email protected]
Website: www.masserv.com

VERITAAS ADVERTISING LIMITED
38/2A, Gariahat South Road, Dhakuria,
Rash Behari Avenue, Kolkata – 700 029, West Bengal
Phone: +91 334 044 6683
E-mail: [email protected]
Website: www.veritaasadvertising.com