Veritaas Advertising Limited
listed
₹1.31LMin. investment
Veritaas Advertising Limited IPO Details
Issue size
₹8.48Cr
IPO type
SME
Price range
₹109 – ₹114
Listing date
21 May 2024
Lot size
1200 shares
Price range₹109 – ₹114
IPO type
SME
Lot size1200 shares
Issue size₹8.48Cr
Veritaas Advertising Limited Timeline
- Bid start13 May 2024
- Bid end15 May 2024
- Allotment15 May 2024
- Release of funds17 May 2024
- Demat transfer16 May 2024
- Listing21 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:
- OOH
- Transit Media
- 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:
- 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 display in Kolkata, Mumbai and Pune
- General Corporate Purposes.
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Veritaas Advertising Limited Contact Details
Company NameVeritaas Advertising Limited
How to apply for Veritaas Advertising Limited?
- Step 1
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- Step 2
Specify IPO details. Enter the number of lots and the price you wish to apply for.
- Step 3
Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
- Step 4
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- Step 5
Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.