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IPO Synopsis
Veritaas Advertising Ltd
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-24 15-May-24
Money Payable On
Application Allotment
114.00 0.00
Minimum Application for shares in Nos : 1200 Further Multiples of : 1200
Cr Lead Managers to the Issue
Project Cost (.Cr) 7.23 Horizon Management Pvt Ltd
Project Financed through Current Offer (.Cr) 8.48  
Post Issue Equity Share Capital (.Cr) 2.82
Issue Price () 114.00
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
No Data Available

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