Veritaas IPO

Veritaas Advertising Ltd

₹1,30,800 /1200 sharesMinimum Investment

Veritaas IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹114.00₹275.00₹161.00 (141.23%)

Veritaas IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
13 May ‘24 - 15 May ‘24₹1,30,8001,200₹109 - ₹114
Issue SizeIPO Doc
8.48Cr
RHP PDF

About the company

Veritaas Advertising Ltd is an integrated advertising agency offering 360-degree services across multiple platforms. The company operates in Delhi, Mumbai and Pune and owns advertisement spaces in West Bengal, Guwahati and Shillong. It operates and advertises in police booths and outdoor hoardings. The company’s marketing and advertising services are offered through retail branding, Out-of-Home (OOH), Transit, and event management. As an integrated agency, it offers creative brand marketing strategy, media planning, on ground & virtual activation capabilities, and design solutions to help clients in brand building. These integrated services range from creating a brand strategy, to curating content, designing marketing material, printing banners and other marketing materials and offering advertisement spaces (both owned and leased) to customers. It assists clients in (i) creating brand presence and educating their customers, (ii) increasing brand reach and visibility, (iii) building high recall and goodwill for the brand, (iv) engaging and interacting with targeted customers, and (v) increasing sales and boosting conversions. The company’s main revenue streams include police booths and traffic barriers, billboards, pole kiosk advertising, bus & metro branding, event management, printing and other miscellaneous services.;
Founded in
2018
Managing director
Mr. Debojyoti Banerjee
Parent organisation
Veritaas Advertising Ltd

Strength and risks

Strengths
Risks
Veritaas Advertising’s clientele is spread across industries such as electronics, automobiles, fast moving consumer goods (FMCG), lifestyle, education, real estate, insurance, pharmaceuticals and information technology (IT).
Some of the company’s clients include PC Chandra Jewellers, Mitsubishi Electric India, Honda Motorcycle and Scooter, GPT Healthcare, BSH Household Appliances, Star Cement, ITC Ltd, TVS Motor, Medica Hospital, and JIS Foundation.
The company has a presence across geographies. It has offices in Delhi, Kolkata and Guwahati from where it operates.
The company’s total income has risen consistently over the years. It has risen from Rs 2.30 crore in FY21 to Rs 3.37 crore in FY22, Rs 7.75 crore in FY23, and Rs 9.03 crore for the period ending February 2024.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular109 - 114₹2 Lakh
High Networth Individual109 - 114₹2 - 5 Lakh
For Veritaas IPO, eligible investors can apply as Regular.
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