IPO

Explore our secure online trading, IPO bidding, mutual fund investments, and depository services, all designed to provide seamless transactions, expert insights, and real-time market access for smart investing

Veritaas Advertising Ltd

Registered Office : 38/2A Gariahat South Road,Dhakuria Rash Behari Avenue,Kolkata West Bengal 700029 Phone : +91 334 044 6683
Fax :

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

Opens On

Closes On

13-May-2024

15-May-2024

Money Payable On

Application

Allotment

114.00

0.00

Minimum Application for shares in Nos : 1200.0 Further Multiples of : 1200.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

7.23

8.48

2.82

114.00

Horizon Management Pvt Ltd

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