Veritaas Advertising Limited issues 7,44,000 shares worth INR 8.48 Cr to finance police booths, traffic signal displays & general corporate needs.
Open Date : May 10, 2024 Close Date : May 14, 2024 Allotment Date: May 15, 2024 Listing Date: May 17, 2024
IPO Price: INR 63-67 per share Lot Size: 2000 shares Total Issue Size: INR 24.12 cr
Veritaas Advertising Technologies: 1. Steady revenue growth. 2. Improved profitability. 3. Decline in diluted EPS. 4. Rising RoNW, enhancing shareholder returns.
Veritaas Advertising Limited: Modest financial performance. Crayons Advertising Limited: Robust figures. Maagh Advertising & Marketing Services Limited: Moderate performance with growth potential.
Veritaas Advertising Limited: 1. Objective: Fund capital for police booths (West Bengal, Assam, Maharashtra, Delhi) 2. Pole kiosks (Kolkata, Mumbai, Pune).
Veritaas Advertising Limited risks: 1. Strict timelines for police booth installation. 2. Dependence on third parties without formal agreements. 3. Uncertainties in renewal impacting financials and operations.