Registered Office:
38/2A Gariahat South Road,Dhakuria Rash Behari Avenue,
Kolkata
-
700029,
Phone : +91 334 044 6683
Fax : NA
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.
Opens On
Closes On
Application
Allotment
13-May-24
15-May-24
114.00-0.00
0.00-0.00
Minimum Application for shares in Nos :
1200
Further Multiples of :
1200
(Rs.Cr)
Lead Managers to the Issue
Project Cost
7.23
Horizon Management Pvt Ltd
Project Financed through Current Offer
8.48
Post Issue Equity Share Capital
2.82