Veritaas Advertising IPO Date, Review, Price, Allotment Details

Veritaas Advertising IPO Details: Veritaas Advertising IPO date is fixed, The IPO will open on May 13 and will close on May 15. Veritaas Advertising is a NSE SME IPO to raise ₹8.48 crores via IPO. The Veritaas Advertising IPO price band is fixed at ₹109 to ₹114 with a market lot of 1200 shares.

Veritaas Advertising IPO

Table of Contents


Veritaas Advertising is an integrated advertising agency offering 360-degree services across multiple platforms. They own advertisement spaces in West Bengal, Guwahati, and Shillong, thereby making them one of the few media-owning marketing and advertisement agencies. They also operate in Delhi, Mumbai and Pune. They operate/advertise in police booths and outdoor hoardings, which reduces their dependence on third parties and enables them to offer integrated services.


The Company’s advertising services enable its clients to monetize their marketing collaterals generate revenues and act as a differentiator compared to other players in respective markets. With content at its heart, the Company builds creative stories around brands to enhance their ROI. Working across various offline platforms, their Company’s expertise includes strategizing and building compelling conversations to increase a brand’s influence and reach the desired target audience.

They have created and managed successful marketing campaigns for various brands and worked with large budgets to drive the best reach and engagement for their clients. They provide high-end ecosystem and end-to-end advertising solutions platform for advertising media services consisting of Brand Strategy, Events, and Outdoor (OOH) Media services which cover advertisement modes such as police booth hoardings, Newspapers insertions, Brochures, and display of Outdoor Hoardings, etc. In all such mediums of advertising “Creative” exists i.e. all the services are given keeping in mind the necessity of being creative, so They can deliver the most compelling ideations, creations, and communications to grab the attention of the public at large. They are dependent on third parties for space, such as pole kiosks, newspaper insertion, third-party outdoor hoardings, etc. for catering to the needs of their clients. While they have long-term relationships with such parties, they typically do not enter into long-term agreements with such intermediaries.


Objects of the Issue:

  • 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.

Veritaas Advertising IPO Review

  • May Apply

Veritaas Advertising IPO Date & Price Band Details

IPO Open:May 13, 2024
IPO Close:May 15, 2024
IPO Size:Approx ₹8.48 Crores, 744,000 Equity Shares
Face Value:₹10 Per Equity Share
IPO Price Band:₹109 to ₹114 Per Equity Share
IPO Listing on:NSE SME
Retail Quota:35.14% of the net offer
QIB Quota:49.75% of the net offer
NII Quota:15.11% of the net offer
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors in IPO:Click Here

Veritaas Advertising IPO Market Lot

The Veritaas Advertising IPO minimum market lot is 1200 shares with a ₹136,800 application amount.

ApplicationLot SizeSharesAmount
Retail Minimum11200₹136,800
Retail Maximum11200₹136,800
S-HNI Minimum22400₹273,600

Veritaas Advertising IPO Dates

The Veritaas Advertising IPO date is May 13 and the IPO close date is May 15. The IPO allotment date is May 16 and the IPO might list on May 21.

IPO Open Date:May 13, 2024
IPO Close Date:May 15, 2024
Basis of Allotment:May 16, 2024
Refunds:May 17, 2024
Credit to Demat Account:May 17, 2024
IPO Listing Date:May 21, 2024

You can check IPO subscription status and IPO allotment status on their respective pages.

Veritaas Advertising IPO Form

How to apply Veritaas Advertising IPO? You can apply Veritaas Advertising IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Veritaas Advertising IPO in the Invest section. The other option you can apply Veritaas Advertising IPO via IPO forms download via the NSE website. Check out the Veritaas Advertising forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.


Veritaas Advertising Company Financial Report

₹ in Crores
YearRevenueExpensePAT
2021₹2.34₹2.08₹0.20
2022₹3.39₹3.22₹0.13
2023₹7.87₹7.20₹0.44
February 2024₹9.04₹6.93₹1.57

Veritaas Advertising IPO Valuation – FY2023

Check Veritaas Advertising IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS):₹48.77 per Equity Share
Price/Earning P/E Ratio:[.]
Return on Net Worth (RoNW):48.99%
Net Asset Value (NAV):₹99.55 per Equity Share

Peer Group

  • Crayons Advertising Limited
  • Maagh Advertising & Marketing Services Limited

Company Promoters

  • Debojyoti Banerjee
  • Sangita Debnath
  • Mina Debnath

Veritaas Advertising IPO Registrar

Mas Services Limited
Phone: (011) 2610 4142
Email: [email protected]
Website: https://www.masserv.com/opt.asp

Veritaas Advertising IPO Allotment Status

Check Veritaas Advertising IPO allotment status on Mas Services website URL. Click Here

Veritaas Advertising IPO Lead Managers aka Merchant Bankers

  • Horizon Management Private Limited

Company Address

Veritaas Advertising Limited
38/2A, Gariahat South Road, Dhakuria
Rash Behari Avenue
Kolkata – 700 029,
Phone: +91 33 4044 6683
Email: [email protected]
Website: http://www.veritaasadvertising.com/

Veritaas Advertising IPO FAQs


What is Veritaas Advertising IPO?

Veritaas Advertising IPO is an NSE SME IPO. They are going to raise ₹8.48 Crores via IPO. The issue is priced at ₹109 to ₹114 per equity share. The IPO is to be listed on NSE.

When Veritaas Advertising IPO will open?

The IPO is to open on May 13, 2024 for QIB, NII, and Retail Investors.

What is Veritaas Advertising IPO Investors Portion?

The investors’ portion for QIB is 49.75%, NII is 15.11%, and Retail is 35.14%.

How to Apply the Veritaas Advertising IPO?

You can apply Veritaas Advertising IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Veritaas Advertising IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Veritaas Advertising”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Veritaas Advertising IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Veritaas Advertising”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Veritaas Advertising IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Veritaas Advertising”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Veritaas Advertising IPO Size?

Veritaas Advertising IPO size is ₹8.48 crores.

What is Veritaas Advertising IPO Price Band?

Veritaas Advertising IPO Price Band is ₹109 to ₹114 per equity share.

What is Veritaas Advertising IPO Minimum and Maximum Lot Size?

The IPO bid is 1200 shares with ₹136,800.

What is Veritaas Advertising IPO Allotment Date?

Veritaas Advertising IPO allotment date is May 16, 2024.

What is Veritaas Advertising IPO Listing Date?

Veritaas Advertising IPO listing date is May 21, 2024. The IPO to list on NSE SME.

Note: The Veritaas Advertising IPO details are announced officially. The IPO grey market premium (Veritaas Advertising IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.

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