| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹8.48 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹8.48 Cr |
| Fresh Issue | ₹8.06 Cr |
| Face Value | โน10 Per Equity Share |
| Price Band | โน109.00-114.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | VERITAAS |
| Registrar | MAS Services Ltd. |
| Lead Managers | Horizon Management Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,200 shares and in multiples thereof
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
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 of January 31, 2024, the Company has 71 employees on its payroll.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน 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 |
| 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 | ||||
| KPI | Feb 10, 2024 |
|---|---|
| ROE | 44.24% |
| ROCE | 39.65% |
| Debt / Equity | 0.64% |
| RoNW | 44.23% |
| PAT Margin | 17.36% |
| Price to Book Value | 6.69 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (โน) | 2.11 | 6.66 |
| P/E (x) | 54 | 17.1 |
| Promoter Holding | 88.74% | 88.74% |
| Market Cap | โน32.18 Cr. | |