ListedSMEVERITAAS

Veritaas Advertising Limited

Veritaas Advertising Limited is an SME IPO raising ₹8 Cr at ₹109 – ₹114 a share. It listed on 21 May 2024 and trades at ₹28 today, −75.9% against its issue price of ₹114. The exchanges never published a subscription figure for it.

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₹114

Issue price

₹28

Price now

−75.9%

Since issue price

21 May 2024

Listed on

Not publishedSubscription

The exchanges never published a subscription figure for this issue.

populated partly populated we hold nothing here — the tab says why

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Price band₹109 – ₹114

Cut-off price₹114

Issue size₹8 Cr

Shares per lot1200

Minimum application₹1,36,800

Minimum quantity1200

Face value₹10

Listing exchanges—

ISININE0SRI01019

Bidding hours10:00 – 17:00 IST

Bidding window13 May 2024 – 15 May 2024

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.