About
Veritaas Advertising Limited is launching its IPO. The IPO opens for subscription on 13th May and will close on 15th May 2024.
Disclaimer: This stock will trade with a lot size of 1200 shares in the SME segment on the listing.
What does Veritaas Advertising Limited do?
Incorporated on July 31, 2018, Veritaas Advertising Limited is an integrated advertising agency that offers services across various platforms. The company owns advertising spaces in West Bengal, Guwahati, and Shillong and operates in major cities including Delhi, Mumbai, and Pune.
The agency’s activities include managing advertising mediums such as police booth hoardings, newspaper insertions, brochures, and outdoor hoardings. Its services encompass Brand Strategy, Events, and Outdoor (OOH) Media services, providing a range of advertising solutions.
Companies from a variety of sectors, including TVS, Honda, and Ultratech Cement, are among the company’s clients. In these collaborations, advertising campaigns are managed and carried out across all of the agency’s service platforms.
Schedule/Timeline of Veritaas Advertising Limited IPO
| Issue Period | 13th May to 15th May 2024 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | May 16, 2024 |
| Initiation of Refunds | May 17, 2024 |
| Credit of Shares | May 17, 2024 |
| Date of Listing | May 21, 2024 |
| Mandate end date | May 30, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | June 15, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | August 15, 2024 |
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
How do I apply to the Veritaas Advertising Limited IPO?
You can apply for the Veritaas Advertising Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
Where do I check the allotment status for Veritaas Advertising Limited IPO?
You can check the allotment status for the Veritaas Advertising Limited IPO on the website of the Registrar and Transfer agent.
Alternatively, you can also check the allotment status on the NSE website.