Registered Office:
38/2A Gariahat South Road,Dhakuria Rash Behari Avenue,
Kolkata
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700029,
West Bengal, India.
Phone :
+91 334 044 6683 Fax:
Email : info@veritaasadvertising.com
Website : www.veritaasadvertising.com
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Initial public offer of 7,44,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Veritaas Advertising Limited (the "Company" or "Veritaas" or "Issuer") at an issue price of Rs. 114/- per equity share (including a share premium of Rs. 104/- per equity share) for cash, aggregating to Rs. 8.48 crores ("Public Issue") out of which 37,200 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 114/- per equity share for cash, aggregating to Rs. 0.42 crores were reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 7,06,800 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 114/- per equity share for cash, aggregating to Rs. 8.06 crores is hereinafter referred to as the "Net Issue". The public issue and net issue constituated 26.35 % and 25.04%, respectively of the post-issue paid-up equity share capital of the company.
The face value of equity shares is Rs. 10/- each. the offer price is 11.4 times the face value of the equity shares.
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Issue
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Money Payable On
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Opens On
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Closes On
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Application
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Allotment
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13-May-24
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15-May-24
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(Rs) 114.00
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(Rs) 0.00
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Minimum Application for shares in Nos :
1200
Further Multiples of :
1200
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Lead Managers to the Issue
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Project Cost (Rs.Cr)
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7.23
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Horizon Management Pvt Ltd
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Project Financed through Current Offer (Rs.Cr)
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8.48
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Post Issue Equity Share Capital (Rs.Cr)
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2.82
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Issue Price (Rs)
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114.00
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