Veritaas Advertising IPO

Listed Listed stocks

Veritaas Advertising IPO Details

  • Bidding Date

    10-May-2024 to
    15-May-2024

  • Issue Size

    ₹8.48 Cr

  • Price Band

    ₹109 to ₹114

  • Allotment date

    17-May-2024

  • Listing date

    21-May-2024

  • Lot size

    1200

  • No. of shares

    7,44,000

  • Fresh issue/OFS

    ₹8.48 Cr /--

About Veritaas Advertising Company

Veritaas Advertising Ltd, founded as an integrated advertising agency in 2018, has been operational since its inception, offering comprehensive 360-degree advertising services across various platforms. Their core business revolves around providing end-to-end advertising solutions to the clients, leveraging multiple platforms to enhance brand visibility and reach. Their services encompass various offline platforms, including police booth advertisements, outdoor hoardings, newspaper insertions, brochures, and display advertising. The company owns advertisement spaces in key locations, particularly in West Bengal, Guwahati, and Shillong, enabling them to provide integrated services and reduce dependence on third-party vendors. With a market presence in states like West Bengal, Meghalaya, Assam, Delhi, Jharkhand, Mumbai, and Pune, Veritaas Advertising has strategically positioned itself to cater to diverse geographical regions.

Subscription Status

  • Category

    Status

  • QIBs

    --

  • NIIs

    --

  • Retail

    --

  • Others

    --

  • Total

    445.2x

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FAQs for Veritaas Advertising IPO.

The issue size of Veritaas Advertising is ₹8.48 Cr.

Veritaas Advertising falls into Advertising & Marketing industry.

The Veritaas Advertising IPO will be listed on BSE.

The open and close dates for the Veritaas Advertising are 10-May-2024 & 15-May-2024.

The price band for the Veritaas Advertising ipo is ₹109 to ₹114

The listing date of Veritaas Advertising IPO is 21-May-2024.

The purpose of this IPO is to raise fresh capital.

Veritaas Advertising total subscription ratio is 445.2X.

Key financial of the Veritaas Advertising are:


Veritaas Advertising FY-24 FY-23 FY-22 FY-21
Revenue (₹ Cr) 10.35 7.75 3.37 2.3
EBIT (₹ Cr) 2.63 0.69 0.17 0.22
Proft after Tax (₹ Cr) 1.7 0.43 0.13 0.2
Debt (₹ Cr) 2.17 1.34 0.75 0
Net Worth (₹ Cr) 3.66 0.88 0.46 0.25
RoE (%) 46.4 48.7 27.52 80