Veritaas Advertising Limited IPO
₹109 - ₹114
1200
N/A
| Open Date: | 13-May-2024 |
| Close Date: | 15-May-2024 |
| Allotment Date: | 16-May-2024 |
| Listing Date: | 21-May-2024 |
| Listing Price: | N/A |
| Face Value: | ₹10 Per Equity Share |
| Issue Price: | ₹109-114 Per Equity Share |
| Issue Size: | Total Issue Size 744,000 shares (aggregating up to ₹8.48 Cr) : Fresh Issue 744,000 shares (aggregating up to ₹8.48 Cr) |
| Market Lot (Min Amount): | Retail - ₹136,800 : HNI - ₹273,600 |
| Earning Per Share(EPS) | ₹2.11/- |
| P/E Ratio | 54 |
| RoNW | 44.23% |
| Net Asset Value (NAV) - Post Issue: | ₹99.55/- |
| Total Assets | Total Revenue | Profit After Tax | |
|---|---|---|---|
| 31 Mar,2023 | 2,537.71 | 1,417.33 | 3,37.31 |
| 31 Mar,2022 | 1,422.66 | 888.88 | 80.99 |
| 31 Mar,2021 | 1,351.82 | 691.50 | 26.66 |
| Pre Issue Share Holding | 88.74% |
| Post Issue Share Holding | 88.74% |
| 1. Debojyoti Banerjee |
| 2. Sangita Debnath |
| 3. Mina Debnath |
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
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.
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