Veritaas Advertising IPO Date, Details, Allotment, Review

Veritaas Advertising Limited is set to launch its IPO, aiming to raise Rs 8.48 crores through the issuance of 7.44 lakh fresh shares. The subscription of Veritaas Advertising IPO Date period for the IPO will run from May 13 to May 15, 2024, with the finalization of allotments expected on May 16. The company plans to list on NSE SME by May 21, 2024.

Investors can bid for shares within the price band of ₹109 to ₹114 per share, with a minimum lot size of 1200 shares, requiring an investment of at least ₹136,800 for retail investors. High Net Worth Individuals (HNI) need to apply for a minimum of 2 lots (2,400 shares), amounting to ₹273,600.

Refer to Veritaas Advertising IPO RHP for more information.

Veritaas Advertising IPO Date
Veritaas Advertising IPO Date

Veritaas Advertising IPO Details

Open DateMay 13, 2024
Close DateMay 15, 2024
Listing DateMay 21, 2024
IPO Size7.44 lakh equity shares aggregating up to ₹8.48 Cr.
Fresh IssueAggregating up to ₹8.48 Cr with 744000 Share fresh Issue
Face Value₹10 per share
IPO Price Band₹109 to ₹114
IPO Listing onNSE SME
Lot Size1200
Share Offered to RetailNot Less Than 35.14% of the total issue share
Share Offered to QBINot Less Than 49.75% of the total issue share
Share Offered to HNINot Less Than 15.11% of the total issue share

Veritaas Advertising IPO Date

IPO Open DateMay 13, 2024
IPO Close DateMay 15, 2024
Basis of AllotmentMay 16, 2024
Initiation of RefundsMay 17, 2024
The credit of SharesMay 17, 2024
Listing DateMay 21, 2024

Veritaas Advertising IPO Allotment Status

You can check the allotment status for the Veritaas Advertising IPO by following these steps. First, click the link Mas Services Limited Then, select the IPO Name from the options provided. After that, enter either your Application Number or PAN Number or Demat.

After entering the required information, click submit and view the allotment status of the IPO. This process should be done around the expected date of May 16, 2024.

Know About Veritaas Advertising Limited

  • Veritaas Advertising Limited, founded on July 31, 2018, is a versatile advertising agency providing comprehensive services.
  • The company owns advertising spaces in key locations such as West Bengal, Guwahati, Shillong, Delhi, Mumbai, and Pune.
  • Its service portfolio covers Brand Strategy, Events, and Outdoor (OOH) Media, offering diverse advertising modes like hoardings and newspaper inserts.
  • Veritaas Advertising Limited aims to establish a brand presence, enhance visibility, and foster goodwill among consumers.
  • Their services facilitate customer engagement, interaction, and ultimately drive sales growth for clients.
  • The company boasts an impressive clientele including TVS, Honda, Ultratech Cement, and ITC Limited.
  • They focus on creating high recall value for brands, ensuring they remain top-of-mind for consumers.
  • Veritaas Advertising’s strategic approach helps clients educate their target audience about products or services.
  • The agency emphasizes increasing brand reach across different demographics to maximize impact.
  • With a track record of success and a commitment to excellence, Veritaas Advertising stands as a trusted partner for advertising needs.

Veritaas Advertising Limited Promoters Holding

Debojyoti Banerjee, Sangita Debnath, and Mina Debnath are the promoters of the company, collectively holding 88.74% of the shares both pre and post-issue.

Objects of the Issue IPO

The company plans to use the funds raised from the issue for specific purposes, including:

  • Investing in capital expenditure to establish new Police Booths in West Bengal, Assam, Maharashtra, and Delhi.
  • Allocating capital expenditure for setting up traffic signal point displays in Kolkata, Mumbai, and Pune through Pole Kiosks.
  • Meeting general corporate needs.

Veritaas Advertising Limited Financial Report (Restated)

ParticularsFor the Period / Year ended on (₹ in Lakh)
10th February, 202431st March, 202331st March, 202231st March, 2021
PAT (Profit After Tax)156.7943.8912.5819.72
Net Worth354.3989.6045.7125.13

Key Performance Indicator (KPI) of Veritaas Advertising Limited

As of September 30, 2023, Premier Veritaas Advertising Limited’s reported revenue of ₹786.75 lakhs, PAT of ₹156.79 lakhs, and a Net Worth of ₹354.39 lakhs. Key performance indicators include EBITDA of ₹258.68 lakhs, RoCE of 39.65%, RoE of 44.24%, and RoNW of 44.23%.

ParticularsAs of 10 February 2024
EBITDA258.68 Lakh, 28.64%
PAT Margin (in %)17.36%
RoCE (%)39.65%
RoE (%)44.24%
RoNW (%)44.23%
EPS2.11 in pre-issue and post-issue EPS is 6.66
PE Ratio54 Pre-issue and post-issue is 17.1

Peer Group Comparison with Veritaas Advertising Limited

Key Performance IndicatorsVeritaas Advertising LimitedCrayons Advertising LimitedMaagh Advertising & Marketing Services Limited
Revenue from Operations₹903.26 million₹27,568.45 million₹2,003.47 million
EBITDA₹258.68 million₹2,441.01 million₹146.58 million
EBITDA Margin28.64%8.85%7.32%
Profit After Tax₹156.79 million₹1,659.27 million₹51.23 million
PAT Margin17.36%6.02%2.56%
Return on Equity (ROE)44.24%30.82%3.67%
Return on Capital Employed (ROCE)39.65%40.87%5.52%
Net Debt/EBITDA0.80

Veritaas Advertising Limited IPO Registrar

MAS Services Limited
T-34, 2nd Floor, Okhla Industrial Area,
Phase-II New Delhi- 110 020,
Delhi, India.
Telephone: +91 112 638 7281/83, 114 132 0335
Facsimile: +91 112 638 7384
Investor grievance:

Veritaas Advertising Limited IPO Book Running Lead Manager

Horizon Management Private Limited
19 R N Mukherjee Road, Main Building,
2nd Floor, Kolkata- 700 001,West Bengal, India.
Telephone: +91 334 600 0607
Facsimile: +91 334 600 0607
Email ID:
Investor Grievance ID:

Veritaas Advertising Limited Contact

Veritaas Advertising Limited
38/2A, Gariahat South Road, Dhakuria
Rash Behari Avenue
Kolkata – 700 029,
Phone: +91 33 4044 6683

Veritaas Advertising IPO Application Form PDF

To download the Veritaas Advertising IPO application form click on Application Form Download ASBA IPO Forms PDF.

Broker Review

Veritaas Advertising IPO shows strong financial result on previous. May Apply

FAQs of Veritaas Advertising IPO

When is the Veritaas Advertising Limited IPO open for subscription?

The Veritaas Advertising IPO subscription period is from May 13, 2024, to May 15, 2024.

What is the price band for the Veritaas Advertising IPO?

The price band for the Veritaas Advertising IPO is set at ₹109 to ₹114 per share.

How can I check the allotment status of the Veritaas Advertising IPO?

You can check the allotment status through the registrar’s website, MAS Services Limited, by providing your Application Number, PAN Number, or Demat details.

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