Veritaas Advertising IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
May 13 to May 15 2024
Price Band
₹109 - 114
Current GMP
₹275(121.22%)
Subscription
621.62 times
IPO Details
| IPO Date | May 13, 2024 to May 15, 2024 |
| Listing Date | Tuesday, May 21, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹109 to ₹114 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 744,000 shares (aggregating up to ₹8.48 Cr) |
| Fresh Issue | 744,000 shares (aggregating up to ₹8.48 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 2,079,000 |
| Share holding post issue | 2,823,000 |
| Market Maker portion | 37,200 shares Horizon Financial Consultants |
IPO Date
May 13, 2024 to May 15, 2024
Listing Date
Tuesday, May 21, 2024
Face Value
₹10 per share
Price Band
₹109 to ₹114 per share
Lot Size
1200 Shares
Total Issue Size
744,000 shares (aggregating up to ₹8.48 Cr)
Fresh Issue
744,000 shares (aggregating up to ₹8.48 Cr)
Issue Type
Book Built Issue IPO
Listing At
NSE SME
Share holding pre issue
2,079,000
Share holding post issue
2,823,000
Market Maker portion
37,200 shares Horizon Financial Consultants
IPO Subscription Details
| Anchor Investors | 1 |
| Qualified Institutions | 102.41 |
| Non-Institutional Buyers*** | 629.56 |
| Retail Investors | 989.44 |
| Total ** | 621.62 |
Anchor Investors
1
Qualified Institutions
102.41
Non-Institutional Buyers***
629.56
Retail Investors
989.44
Total **
621.62
Day Wise Sub
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 May 13, 2024 | 0.00 | 17.62 | 42.75 | 23.46 |
| Day 2 May 14, 2024 | 1.10 | 95.17 | 214.04 | 119.23 |
| Day 3 May 15, 2024 | 102.41 | 629.56 | 989.44 | 621.62 |
DayDay 1
May 13, 2024
QIB0.00
NII*17.62
Retail42.75
Total23.46
DayDay 2
May 14, 2024
QIB1.10
NII*95.17
Retail214.04
Total119.23
DayDay 3
May 15, 2024
QIB102.41
NII*629.56
Retail989.44
Total621.62
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 21-05-2024 | 114.00 | 145(127.19%) | 259 |
| 20-05-2024 | 114.00 | 145(127.19%) | 259 |
| 19-05-2024 | 114.00 | 140(122.81%) | 254 |
| 18-05-2024 | 114.00 | 140(122.81%) | 254 |
| 17-05-2024 | 114.00 | 130(114.04%) | 244 |
| 16-05-2024 | 114.00 | 110(96.49%) | 224 |
| 15-05-2024 | 114.00 | 110(96.49%) | 224 |
| 14-05-2024 | 114.00 | 110(96.49%) | 224 |
| 13-05-2024 | 114.00 | 100(87.72%) | 214 |
| 12-05-2024 | 114.00 | 100(87.72%) | 214 |
| 11-05-2024 | 114.00 | 100(87.72%) | 214 |
| 10-05-2024 | 114.00 | 100(87.72%) | 214 |
| 09-05-2024 | 114.00 | 60(52.63%) | 174 |
| 08-05-2024 | 114.00 | 80(70.18%) | 194 |
| 07-05-2024 | 114.00 | 50(43.86%) | 164 |
Date21-05-2024
Price114.00
GMP145(127.19%)
Estimate List Price259
Date20-05-2024
Price114.00
GMP145(127.19%)
Estimate List Price259
Date19-05-2024
Price114.00
GMP140(122.81%)
Estimate List Price254
Date18-05-2024
Price114.00
GMP140(122.81%)
Estimate List Price254
Date17-05-2024
Price114.00
GMP130(114.04%)
Estimate List Price244
Date16-05-2024
Price114.00
GMP110(96.49%)
Estimate List Price224
Date15-05-2024
Price114.00
GMP110(96.49%)
Estimate List Price224
Date14-05-2024
Price114.00
GMP110(96.49%)
Estimate List Price224
Date13-05-2024
Price114.00
GMP100(87.72%)
Estimate List Price214
Date12-05-2024
Price114.00
GMP100(87.72%)
Estimate List Price214
Date11-05-2024
Price114.00
GMP100(87.72%)
Estimate List Price214
Date10-05-2024
Price114.00
GMP100(87.72%)
Estimate List Price214
Date09-05-2024
Price114.00
GMP60(52.63%)
Estimate List Price174
Date08-05-2024
Price114.00
GMP80(70.18%)
Estimate List Price194
Date07-05-2024
Price114.00
GMP50(43.86%)
Estimate List Price164
IPO Important Dates
| IPO Open Date | Monday, May 13, 2024 |
| IPO Close Date | Wednesday, May 15, 2024 |
| Basis of Allotment | Thursday, May 16, 2024 |
| Initiation of Refunds | Friday, May 17, 2024 |
| Credit of Shares to Demat | Friday, May 17, 2024 |
| Listing Date | Tuesday, May 21, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 15, 2024 |
IPO Open Date
Monday, May 13, 2024
IPO Close Date
Wednesday, May 15, 2024
Basis of Allotment
Thursday, May 16, 2024
Initiation of Refunds
Friday, May 17, 2024
Credit of Shares to Demat
Friday, May 17, 2024
Listing Date
Tuesday, May 21, 2024
Cut-off time for UPI mandate confirmation
5 PM on May 15, 2024
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹136,800 |
| Retail (Max) | 1 | 1200 | ₹136,800 |
| HNI (Min) | 2 | 2,400 | ₹273,600 |
ApplicationRetail (Min)
Lots1
Shares1200
Amount₹136,800
ApplicationRetail (Max)
Lots1
Shares1200
Amount₹136,800
ApplicationHNI (Min)
Lots2
Shares2,400
Amount₹273,600
Financial Information
| Period Ended | 10 Feb 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 10 Feb 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 926.51 | 530.58 | 269.00 |
| Revenue | 786.75 | 786.75 | 339.22 |
| Profit After Tax | 156.79 | 43.89 | 12.58 |
| Net Worth | 354.39 | 89.60 | 45.71 |
| Reserves and Surplus | 146.49 | 80.60 | 36.71 |
| Total Borrowing | 228.17 | 134.03 | 74.73 |
Period EndedPeriod Ended
10 Feb 202410 Feb 2024
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
10 Feb 2024926.51
31 Mar 2023530.58
31 Mar 2022269.00
Period EndedRevenue
10 Feb 2024786.75
31 Mar 2023786.75
31 Mar 2022339.22
Period EndedProfit After Tax
10 Feb 2024156.79
31 Mar 202343.89
31 Mar 202212.58
Period EndedNet Worth
10 Feb 2024354.39
31 Mar 202389.60
31 Mar 202245.71
Period EndedReserves and Surplus
10 Feb 2024146.49
31 Mar 202380.60
31 Mar 202236.71
Period EndedTotal Borrowing
10 Feb 2024228.17
31 Mar 2023134.03
31 Mar 202274.73
Key Performance Indicator
| ROE | 44.24% |
| ROCE | 39.65% |
| Debt/Equity | 0.64 |
| RoNW | 44.23% |
| P/BV | 6.69 |
| PAT Margin (%) | 17.36 |
| EPS (Rs) | 2.11 |
ROE
44.24%
ROCE
39.65%
Debt/Equity
0.64
RoNW
44.23%
P/BV
6.69
PAT Margin (%)
17.36
EPS (Rs)
2.11
IPO Reservation
| Anchor Investor Shares Offered | 174,000 (23.39%) |
| Market Maker Shares Offered | 37,200 (5.00%) |
| QIB Shares Offered | 177,600 (23.87%) |
| NII (HNI) Shares Offered | 106,800 (14.35%) |
| Retail Shares Offered | 248,400 (33.39%) |
| Total Shares Offered | 744,000 (100%) |
Anchor Investor Shares Offered
174,000 (23.39%)
Market Maker Shares Offered
37,200 (5.00%)
QIB Shares Offered
177,600 (23.87%)
NII (HNI) Shares Offered
106,800 (14.35%)
Retail Shares Offered
248,400 (33.39%)
Total Shares Offered
744,000 (100%)
Information about company
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
Create brand presence & educate your customers;
Increase brand reach & visibility;
Create high recall and goodwill for the brand;
Engage & interact with your targeted customers; and
Increase sales & boost conversions.
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.
Objectives of IPO
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
Funding the capital expenditure towards setting up of new Police Booths in West Bengal, Assam, Maharashtra and Delhi;
Funding the capital expenditure in Pole Kiosks for setting up of traffic signal point displays in Kolkata, Mumbai and Pune;
General Corporate Purposes
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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