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SME IPO Status: Closed [13th May 2024 to 15th May 2024]
Veritaas Advertising IPO, a SME IPO of ₹8.48 Cr opens for subscription from 13-05-2024 to 15-05-2024. The IPO consists of ₹8.48 Cr fresh issue.
The face value is Rs 10 and the price band is fixed at 109.00-114.00 per share. You can apply to the Veritaas Advertising SME IPO for a minimum lot of 1200 shares amounting of Rs 136800.
The tentative listing date on the exchange (NSE SME) is 21-05-2024.Stay tuned with us to get more details about Veritaas Advertising SME IPO including business overview, financial performance, live subscription status, allotment details, daily grey market premium (GMP), listing date, and listing price.
| SME IPO Issue Opening Date: | 13th May 2024 |
| SME IPO Issue Closing Date: | 15th May 2024 |
| SME IPO Issue Price: | ₹109.00-114.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35.14% |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹8.48 Cr |
| Fresh Issue: | ₹8.48 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 88.74% |
| Promoter Holding Post IPO: | 88.74% |
| NSE Code: | VERITAAS |
Get important updates regarding Veritaas Advertising SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 16th May 2024 |
| Refunds Initiation* | 17th May 2024 |
| Credit of Shares to Demat* | 17th May 2024 |
| SME IPO Listing Date* | 21st May 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹109.00-114.00 |
| Market Lot: | 1200 Shares |
| 1 Lot Amount: | ₹136800 |
| Min HNI Lots: | 2400 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 19-05-2024 | 114.00 | 140 | 127700 | ₹254 (122.81%) | 20-May-2024 0:25 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Founded in August 2018, Veritaas Advertising Limited is an integrated advertising agency offering 360-degree services across multiple platforms. It owns advertising spaces in west Bengal, Guwahati and Shillong, making it one of the few media-owned marketing and advertising agencies. It also operates in Delhi, Mumbai and Pune. The company offers marketing and advertising services through the following platforms.
The company’s advertising services enable its clients to monetize their marketing materials, generate revenue and differentiate themselves from other players in their respective markets. With content at its core, the company develops creative stories around brands to increase their ROI. Working across various offline platforms, the company has the expertise to develop strategies and build compelling conversations to increase a brand’s influence and reach the desired audience.
The company offers a premium ecosystem and end-to-end advertising solution platform for advertising services that consist of brand strategy, events and OOH media services that include advertising methods such as billboards at police booths, newspaper inserts, brochures and outdoor advertising, etc.
They rely on third parties to satisfy their customers' needs, such as kiosk stands, newspaper inserts, third-party outdoor advertising, etc. Although they have long-term relationships with these parties, they generally do not enter into long-term contracts with such intermediaries.
| Incorporation | Sector | IPO Issue Size | Website |
| 2018 | Advertising & Media Agencies | ₹8.48 Cr | http://www.veritaasadvertising.com/ |
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 177,600 (33.33%) | 106,800 (20.05%) | 248,400 (46.62%) | 532,800 | |
| 1 | 13th May 2024 19:31 | 0.00x | 17.62x | 42.75x | 23.46x |
| 2 | 14th May 2024 19:31 | 1.10x | 95.17x | 214.04x | 119.23x |
| 3 | 15th May 2024 18:21 | 102.41x | 629.56x | 989.44x | 621.62x |
| Period Ended | 10 Feb 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 926.51 | 530.58 | 269.00 | 152.32 |
| Revenue | 786.75 | 786.75 | 339.22 | 234.21 |
| Profit After Tax | 156.79 | 43.89 | 12.58 | 19.72 |
| Net Worth | 354.39 | 89.60 | 45.71 | 25.13 |
| Reserves and Surplus | 146.49 | 80.60 | 36.71 | 24.13 |
| Total Borrowing | 228.17 | 134.03 | 74.73 | |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Veritaas Advertising Limited | 2.27 | 2.27 | 99.55 | 48.99 | Standalone | |
| Crayons Advertising Limited | 9.22 | 9.22 | 29.91 | 24.74 | 30.82 | Standalone |
| Maagh Advertising And Marketing Services Ltd | 1.56 | 1.56 | 42.59 | 11.41 | 3.67 | Consolidated |
Last Updated on 20-May-2024 00:32:51
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Veritaas Advertising SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Veritaas Advertising SME IPO with Zerodha.
Alternate approch to apply in Veritaas Advertising SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Veritaas Advertising SME IPO Review and Important Updates
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To subscribe or apply in Veritaas Advertising SME IPO, you can use the following methods:
| Veritaas Advertising SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Veritaas Advertising SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Veritaas Advertising SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Veritaas Advertising SME IPO. Most of the Syndicate Banks provide access to apply in Veritaas Advertising IPO via ASBA process. You must have your net banking access, DP ID information to apply in Veritaas Advertising SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Veritaas Advertising SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Veritaas Advertising SME IPO Review and Important Updates
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Veritaas Advertising SME IPO is going to be list on 21-05-2024. NSE Code for Veritaas Advertising is VERITAAS.
Other relevant questions:
When Veritaas Advertising SME IPO will be listing? Veritaas Advertising SME IPO NSE listing date?Veritaas Advertising SME IPO date of listing
Veritaas Advertising SME IPO Allotment Date is 16-05-2024.
Other relevant questions:
Veritaas Advertising SME IPO share allotment date?Veritaas Advertising SME IPO allotment date?
