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IPO

IPO Details


Veritaas Advertising Ltd
Registered Office: 38/2A Gariahat South Road, Dhakuria Rash Behari Avenue, Kolkata - 700029, West Bengal
Phone: +91 334 044 6683
Email: info@veritaasadvertising.com
Website: www.veritaasadvertising.com
Initial public offer of 7,44,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Veritaas Advertising Limited (the Company or Veritaas or Issuer) at an issue price of Rs. 114/- per equity share (including a share premium of Rs. 104/- per equity share) for cash, aggregating to Rs. 8.48 crores (Public Issue) out of which 37,200 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 114/- per equity share for cash, aggregating to Rs. 0.42 crores were reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The public issue less market maker reservation portion i.e. issue of 7,06,800 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 114/- per equity share for cash, aggregating to Rs. 8.06 crores is hereinafter referred to as the Net Issue. The public issue and net issue constituated 26.35 % and 25.04%, respectively of the post-issue paid-up equity share capital of the company. The face value of equity shares is Rs. 10/- each. the offer price is 11.4 times the face value of the equity shares.
Issue Money Payable On
Opens On Closes On Application Allotment
13-May-2024 15-May-2024 ₹ 114.00 ₹ 0.00
Minimum Application for shares in Nos : 1200 Further Multiples of : 1200
(₹)Cr. Lead Managers to the Issue
Project Cost 7.23 Horizon Management Pvt Ltd
Project Financed through Current Offer 8.48
Post Issue Equity Share Capital 2.82
Issue Price ₹114.00
Projects
Funding the capital expenditure towards setting up of new Police Booth in West Bengal, Assam, Maharashtra and Delhi
Funding the capital expenditure in Pole Kiosks for setting up of traffic signal point display in Kolkata, Mumbai and Pune
General Corporate Purposes
Promoted By
Debojyoti Banerjee
Mina Debnath
Sangita Debnath
Listing At
NSE - SME
Registrar to the Issue
Mas Services Limited

INDIAN INDICES

Sensex

83,184.80 236.57 (0.29%)

Nifty

25,415.80 38.25 (0.15%)

GLOBAL INDICES

USD

83.95 -0.07 (-0.08%)

NASDAQ

17,573.30 -54.76 (-0.31%)

HANG SENG

18013.16 353.14(2.00%)