Veritaas Advertising IPO Surge on Second Day as Retail Investors Rush In, Leading to Massive Oversubscription

Veritaas Advertising IPO saw robust demand on day 2, with QIBs bidding 1.96 lakh shares, non-institutional investors 1.01 crore shares, and retail investors leading at 5.21 crore shares, totaling 6.24 crore shares subscribed.
Veritaas Advertising IPO Surge on Second Day as Retail Investors Rush In, Leading to Massive Oversubscription

Veritaas Advertising Limited’s IPO witnessed strong demand on day two, with Qualified Institutional Buyers bidding for 1,95,600 shares, Non-Institutional Investors for 1,01,40,000 shares, and Retail Individual Investors leading with bids for 5,20,59,600 shares, totaling 6,23,95,200 shares subscribed.

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How To Check Veritaas Advertising Limited IPO Subscription Status? 

Steps to check the IPO subscription status on NSE

Following are the steps to check it through the NSE website

  • Visit NSE‘s official website.
  • Navigate to the ‘Market Data’ tab.
  • Choose ‘IPO’.
  • Select the Veritaas Advertising Limited IPO to check its subscription status.
  • Opt for either NSE Bid details or Consolidated Bid details.
  • Explore the total number of bids received from various investors. 

Veritaas Advertising Limited IPO Allotment Status

The allotment date for the Veritaas Advertising Limited IPO is set for May 16, 2024, with shares priced at a range of ₹109 to ₹114 per share and a face value of ₹10. The offering consists of lots of 1200 shares, with bids accepted for these lots or their multiples.

Veritaas Advertising Limited IPO Listing Date 

Veritaas Advertising Limited IPO is expected to be listed on the NSE SME on May 21, 2024.

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