The Veritaas Advertising IPO is a significant event in the advertising sector. The company, which provides comprehensive advertising services across various platforms and owns advertising spaces in West Bengal, Guwahati, and Shillong, is offering a fresh issue of 7.44 lakh shares, amounting to Rs 8.48 crores.
The subscription period for the Veritaas Advertising IPO begins on May 13, 2024, and concludes on May 15, 2024. The allotment of shares is anticipated to be completed by May 16, 2024. The IPO will be listed on the NSE SME platform, with a tentative listing date of May 21, 2024.
Investors can participate in the Veritaas Advertising IPO at a price band of ₹109 to ₹114 per share. The minimum lot size for retail investors is 1200 shares, requiring an investment of ₹136,800. High Net Worth Individuals (HNIs) can invest a minimum of ₹273,600 for 2 lots, equivalent to 2,400 shares.
Horizon Management Private Limited is the Veritaas Advertising IPO’s lead manager, ensuring the book’s smooth running. Mas Services Limited is the registrar for the issue, handling all administrative aspects. Horizon Financial Consultants is the market maker for the Veritaas Advertising IPO, providing liquidity and stability to the shares post-listing.
Stay tuned for more updates on the Veritaas Advertising IPO and don’t miss the chance to invest in the future of Veritaas Advertising, a key player in the advertising sector.
IPO Details :
| Company Name | Veritaas Advertising |
| Sector | Advertising |
| IPO Type | SME |
| IPO Open date | 13th May 2024 |
| IPO Close date | 15th May 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1200 | 1,36,800 |
| HNI (Min) | 2 | 2400 | 2,73,600 |
IPO Timeline:
| IPO Open Date | 13th May 2024 |
| IPO Close Date | 15th May 2024 |
| Basis of Allotment | 16th May 2024 |
| Refund Initiation Date | 17th May 2024 |
| Shares Credit to Demat | 17th May 2024 |
| Listing Date | 21st May 2024 |
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
