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VERITAASSME / NSEListed
Veritaas Advertising

Founded in 2018, Veritas Advertising Limited is a leading advertising agency offering a wide range of services across multiple platforms. With a strong presence in West Bengal, Guwahati, and Shillong, along with operations in Delhi, Mumbai, and Pune, the company is among the few agencies that own media spaces, providing a premium advertising ecosystem. Veritas specializes in brand strategy, events, and outdoor media, delivering impactful advertising solutions like police booth hoardings, newspaper insertions, brochures, and outdoor billboards. Their services help businesses enhance brand presence, boost visibility, engage target audiences, and drive sales. With a prestigious client list that includes TVS, Honda, Ultratech Cement, and ITC Limited, the company has established a strong industry reputation. As of January 31, 2024, a team of 71 dedicated professionals ensures high-quality, tailored advertising solutions to meet diverse client needs.

₹109 - ₹114621.69x sub
Listed Price₹275.00
Listing Gain+141.23%

IPO Schedule & Timeline

Book Built Issue IPO
Open13 May 2024
Close15 May 2024
Allotment16 May 2024
Listing21 May 2024

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Retail2,48,400 shares
33.39%
Nii (hni)1,06,800 shares
14.35%
Anchor1,74,000 shares
23.39%
QIB1,77,600 shares
23.87%
Market Maker37,200 shares
5%

Minimum Application Lots

Retail1 Lot (1,200 shares)
₹1,36,800
HNI2 Lots (2,400 shares)
₹2,73,600

Company Promoters

Debojyoti BanerjeeSangita DebnathMina Debnath

Company Background

Founded in 2018, Veritas Advertising Limited is a leading advertising agency offering a wide range of services across multiple platforms. With a strong presence in West Bengal, Guwahati, and Shillong, along with operations in Delhi, Mumbai, and Pune, the company is among the few agencies that own media spaces, providing a premium advertising ecosystem. Verit...

Lead Managers & Bankers

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Feb-24)₹786.75 Cr
Growth+235.9%
Revenue Trend (₹ in Crores)
0.0301.6603.2904.8Mar-21Mar-22Mar-23Feb-24
PeriodRev (Cr)PAT (Cr)AssetsDebt
Feb-24786.75156.79926.51228.17
Mar-23786.7543.89530.58134.03
Mar-22339.2212.58269.0074.73
Mar-21234.2119.72152.320

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Feb-248.1144.24%39.65%6.6954
Mar-232.2748.99%36.06%00
Mar-220.6527.52%15.87%00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Mas Services Limited

Allotment Finalized
Allotment Date
16 May 2024
Official Status
Out / Finalized
Registrar
Mas Services Limited
Listing Date
21 May 2024

Official Allotment Verification Links

Official Registrar Portal
Mas Services Limited

Direct allotment verification on the official registrar portal appointed for Veritaas Advertising. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization16 May 2024Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date21 May 2024Trading commences on exchange

How to Check Veritaas Advertising Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Veritaas Advertising from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Allotment FAQs & Help

About Veritaas Advertising IPO

Complete issue overview for Veritaas Advertising (VERITAAS) IPO. The issue features an equity share price band of ₹109 – ₹114 per share with a minimum retail lot size of 1200 Shares (minimum application amount of ₹1,36,800). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions