31 Mar 2021
Assets1.52
Total Income2.34
Profit After Tax0.20
NET Worth0.25
Reserves and Surplus0.24
At a glance
Updated 2026-08-24The shares listed at ₹275.00, a 141.23% move from the issue price. Veritaas Advertising is a SME IPO with an issue size of ₹8.48 crore, proposed for listing on NSE SME. The offer opens on 13th May 2024 and closes on 15th May 2024. The issue structure includes a fresh issue of ₹8.06 crore. The current listing schedule points to 21st May 2024.
Issue details
Listing atNSE SME
Issue typeBook Build Issue
Issue size₹8.48 Cr
Fresh issue₹8.06 Cr
Face value₹10
Price band₹109.00–₹114.00
Allotment16th May 2024
Listing21st May 2024
Listing performance
Full performance ↗Issue price₹114.00
Listing price₹275.00
Current price—
Listing gain141.23%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹145.00
GMP / upper price127.19%
Est. listing₹259.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens13th May 2024
Closes15th May 2024
Allotment16th May 2024
Refund17th May 2024
Demat17th May 2024
Listing21st May 2024
Subscription demand
Full bidding ↗Total621.62×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 1200 | ₹136,800 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Funding the capital expenditure towards setting up of new Police Booths in West Bengal, Assam, Maharashtra and Delhi | ₹5.27 Cr |
| Funding the capital expenditure in Pole Kiosks for setting up of traffic signal point display in Kolkata, Mumbai and Pune | ₹0.60 Cr |
| General corporate purposes | ₹1.36 Cr |
Financials
Full financials ↗31 Mar 2022
Assets2.69
Total Income3.39
Profit After Tax0.13
NET Worth0.46
Reserves and Surplus0.37
Total Borrowing0.75
31 Mar 2023
Assets5.31
Total Income7.87
Profit After Tax0.44
NET Worth0.90
Reserves and Surplus0.81
Total Borrowing1.34
10 Feb 2024
Assets9.27
Total Income7.87
Profit After Tax1.57
NET Worth3.54
Reserves and Surplus1.46
Total Borrowing2.28
Trend chart₹ crore
KPIs
| KPI | Feb 10, 2024 |
|---|---|
| ROE | 44.24% |
| ROCE | 39.65% |
| Debt / Equity | 0.64% |
| RoNW | 44.23% |
| PAT Margin | 17.36% |
| Price to Book Value | 6.69 |
Valuation & shareholding
Pre-IPO EPS2.11
Post-IPO EPS6.66
Pre-IPO P/E54
Post-IPO P/E17.1
Promoter holding pre88.74%
Promoter holding post65.36%
Market cap₹32.18 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| Issue management fees including fees and reimbursements of Market Making fees and payment to other Intermediaries such as Legal Advisors to the IPO, Registrars and other out of pocket expenses. | ₹0.43 Cr |
| Marketing and Selling Commission and expenses | ₹0.47 Cr |
| Advertising expenses | ₹0.08 Cr |
| Printing and distribution of Issue Stationary | ₹0.01 Cr |
| Listing fees | ₹0.00 Cr |
| SEBI, and NSE processing fees | ₹0.01 Cr |
| Book Building software fees | ₹0.03 Cr |
| Other regulatory expenses | ₹0.10 Cr |
| Miscellaneous | ₹0.13 Cr |
Registrar & lead managers
Registrar
MAS Services Ltd.Lead managers
- Horizon Management Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-24.