
Advertising & Media Services · NSE
Founded in 2018, Veritas Advertising Limited is a leading advertising agency offering a wide range of services across multiple platforms. With a strong presence in West Bengal, Guwahati, and Shillong, along with operations in Delhi, Mumbai, and Pune, the company is among the few agencies that own media spaces, providing a premium advertising ecosystem. Veritas specializes in brand strategy, events, and outdoor media, delivering impactful advertising solutions like police booth hoardings, newspaper insertions, brochures, and outdoor billboards. Their services help businesses enhance brand presence, boost visibility, engage target audiences, and drive sales. With a prestigious client list that includes TVS, Honda, Ultratech Cement, and ITC Limited, the company has established a strong industry reputation. As of January 31, 2024, a team of 71 dedicated professionals ensures high-quality, tailored advertising solutions to meet diverse client needs.
Price Band
₹109 – ₹114
Issue Size
₹8.48 Cr
Lot Size
1200 shares
GMP
+127.2%
Est. Listing
₹259
at current GMP
Subscribed
621.69x
overall
Open
13 May 2024
Close
15 May 2024
Allotment
16 May 2024
Refund
17 May 2024
Demat Credit
18 May 2024
Listing
21 May 2024
Overall Subscription
621.69x
Total Demand
QIB Multiplier
102.41x
Institutions & Funds
NII / HNI
629.91x
High Net-Worth
Retail (RII)
989.44x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 177,600 | 18,187,200 | 102.41x |
| NIB | 106,800 | 67,274,400 | 629.91x |
| RETAIL | 248,400 | 245,776,800 | 989.44x |
| Total | 532,800 | 331,238,400 | 621.69x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 217 | 214,708 | 989.44x |
| HNIs (10L +) | 1 | 630 | 629.91x |
| HNIs (2-10L) | 7 | 4,409 | 629.91x |
| Total Applications | 225 | 219,747 | 976.65x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Veritaas Advertising Limited is bringing an initial public offering (IPO) in the Advertising & Media Services sector with an aggregate issue size of ₹8.48 Crores. The shares are offered at a price band of ₹109 to ₹114 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2024-05-15, the basis of allotment is scheduled to be finalized on 2024-05-16. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Mas Services Limited) or the BSE allotment checking window.
The latest Grey Market Premium (GMP) for Veritaas Advertising Limited IPO is ₹145 per equity share. Based on the upper price band of ₹109 to ₹114 per equity share, the estimated listing price is ₹259 (+127.2% expected listing gain).
With a lot size of 1200 shares and current GMP of ₹145, the expected profit per application lot is approx ₹1,74,000 (+127.2% gain). Minimum application cost is approx ₹1,36,800.
The Veritaas Advertising Limited IPO aggregate issue size is ₹8.48 Crores with an equity price band set at ₹109 to ₹114 per equity share. The retail lot size is 1200 shares requiring a minimum capital outlay of approx. ₹1,36,800.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 621.69x (Retail: 989.44x, QIB: 102.41x, NII: 629.91x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Mas Services Limited) and the BSE status verification website on or around 2024-05-16. Investors can verify status using PAN card or application number.
Veritaas Advertising Limited shares are scheduled to list on NSE on 2024-05-21.