Veritaas Advertising Ltd - IPO

Veritaas Advertising Ltd IPO Details

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.

Objective of issue

Funding the capital expenditure towards setting up of new Police Booth in West Bengal, Assam, Maharashtra and Delhi. Funding the capital expenditure in Pole Kiosks for setting up of traffic signal point display in Kolkata, Mumbai and Pune. General Corporate Purposes.

Veritaas Advertising Ltd Contact Details

Veritaas Advertising Ltd, T-34 2nd Floor, Okhla Industrial Are, Phase II, New Delhi - 110020

Phone - 91-011-26387281/83

Fax -

Email - info@veritaasadvertising.com

Website - www.veritaasadvertising.com