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Veritaas Advertising IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Kolkata and caters to Corporate Solutions sector. Horizon Management Private is the merchant banker of Veritaas Advertising IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 19th February 2024.
Veritaas Advertising IPO open date is 13th May 2024 and close date is 15th May 2024. IPO Allotment Date is 16th May 2024 and Listing date is 21st May 2024.Veritaas Advertising IPO size is Rs 8.48 Cr. crores with IPO price of Rs 114.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Horizon Management Private Limited is the book-running lead manager of the Veritaas Advertising IPO. Mas Services Limited is the Registrar and Market Maker is Horizon Financial Consultants Private Limited for Veritaas Advertising IPO.
Veritaas Advertising IPO anchor investors are the below investors. The number of anchor investors in this IPO is 2.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in Rs.) | Amount Invested (in Rs.) |
|---|---|---|---|
| Astrone capital VCC | 102,000.00 | ₹114.00 | ₹11,628,000.00 |
| Chanakya Opportunities Fund | 72,000.00 | ₹114.00 | ₹8,208,000.00 |
Veritaas Advertising IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Veritaas Advertising IPO, based in Kolkata, operates in the Corporate Solutions sector with a focus on advertising agency. The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. Veritaas Advertising IPO size is ₹ 8.48 Cr. Crores with fresh issue size of Rs 8.48 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Veritaas Advertising IPO is expected to be 16th May 2024, after the finalization of basis of allotment. Investors can check Veritaas Advertising IPO allotment status on the registrars website, Mas Services Limited. Veritaas Advertising IPO refund dates are 17th May 2024.
Veritaas Advertising IPO is expected to be listed on 21st May 2024.
The upper price band for the Veritaas Advertising IPO is set at ₹ 114.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Veritaas Advertising IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Veritaas Advertising IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 15th May 2024. After submission, funds are blocked until the basis of allotment of Veritaas Advertising IPO is finalised.
The merchant banker for Veritaas Advertising IPO is Horizon Management Private Limited . Horizon Management Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Veritaas Advertising IPO RHP for further details.
The registrar for Veritaas Advertising IPO is Mas Services Limited. Investors can go to Mas Services Limited registrar website for IPO allotment status, refund processing, and other queries related to Veritaas Advertising IPO through their official website or helpline.
Veritaas Advertising IPO was subscribed 621.62 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 8.48 Cr.
Avg IPO Size (Sector Based)
:
₹ 16.48 Cr.
Sector: Corporate Solutions
SME IPO so far:
27
Merchant Banker:
Horizon Management
SME IPO by BRLM so far:
47
City:
Kolkata
SME IPO so far:
69
Revenue (annualised):
₹ 10.84 cr.
PE
Ratio:
17.10x
Average Sector PE Ratio: 18.22x
Veritaas Advertising IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Veritaas Advertising Financial Review Page
Merchant Banker(s) of Veritaas Advertising IPO: Horizon Management Private Limited
Veritaas Advertising IPO subscription was 621.62 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Veritaas Advertising IPO listed at a listing price of 261.25 against the offer price of 114.00.
The current market price of Veritaas Advertising is 79.30.
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