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Veritaas Advertising Limited

Veritaas Advertising Limited

listed
₹1.31LMin. investment

Veritaas Advertising Limited IPO Details

Price range₹109 – ₹114
IPO type
SME
Lot size1200 shares
Issue size₹8.48Cr

Veritaas Advertising Limited Timeline

  1. Bid start
    13 May 2024
  2. Bid end
    15 May 2024
  3. Allotment
    15 May 2024
  4. Release of funds
    17 May 2024
  5. Demat transfer
    16 May 2024
  6. Listing
    21 May 2024

About Veritaas Advertising Limited

Incorporated on July 31, 2018, Veritaas Advertising is an integrated advertising agency offering 360-degree services across multiple platforms. They own their advertisement spaces in West Bengal, Guwahati and Shillong, thereby making them one of the few media owning marketing and advertising agencies. They also operate in Delhi, Mumbai and Pune. They operate/advertise in police booths and outdoor hoardings, which reduces their dependence on third parties and enables them in offering integrated services. They offer marketing and advertising services through the following platforms:
  1. OOH
  2. Transit Media 
  3. Events
Company builds creative stories around brands to enhance their ROI. Working across various offline platforms, Company’s expertise includes strategizing, building compelling conversations to increase a brand’s influence and reach the desired target audience. They have created and managed successful marketing campaigns for various brands and worked with large budgets to drive the best reach and engagement for their clients. They provide high-end ecosystem and end-to-end advertising solutions platform for advertising media services consisting of Brand Strategy, Events, Outdoor (OOH) Media services which covers advertisement modes such as police booth hoardings, Newspapers insertions, Brochures, and display of Outdoor Hoardings, etc.
They are in the process of setting up an office in Mumbai to expand their reach in all metro cities of India. Some of their major clients are Honda, TVS, Ultratech cement ,greenply, ITC, bosch, greentrends etc.
Veritaas Advertising Prepares for its Initial Public Offering (IPO), the proceeds generated from the Fresh Issue will be allocated towards crucial objectives:
  1. Funding the capital expenditure towards setting up of new Police Booths in  West Bengal, Assam, Maharashtra and Delhi
  2.  Funding the capital expenditure in Pole Kiosks for setting up of traffic signal point display in Kolkata, Mumbai and Pune
  3.  General Corporate Purposes.

Checklist

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Veritaas Advertising Limited Contact Details

Company NameVeritaas Advertising Limited

How to apply for Veritaas Advertising Limited?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Veritaas Advertising IPO FAQs