Veritaas Advertising IPO Allotment To Be Out Today; Here's How You Can Check Application Status
Veritaas Advertising IPO was subscribed 621.62 times. The issue was subscribed 989.44 times in the retail category, 102.41 times in QIB, and 629.56 times in the NII category by 6:20 PM on May 15.
On the last day of bidding for Veritaas Advertising IPO, the total subscription reached a staggering 621.62 times, led by retail investors who subscribed to the issue 989.44 times. The Qualified Institutions (QIB) category subscribed 102.41 times and the Non-institutional buyers (NII) category subscribed 629.56 times - as per chittogarh.com.
The subscription/bidding period for the SME IPO concluded on May 15. The book-built issue aims to raise Rs 8.48 crore, offering 7.44 lakh fresh shares. Investors had the chance to buy shares at a price range of Rs 109 to Rs 114 per share. For retail investors, the minimum investment was Rs 136,800.
The allotment for the Veritaas Advertising IPO is expected to be finalised on Thursday, May 16.
Investors can check Veritaas Advertising IPO allotment status on the official website of Mas Services Limited, the registrar for the issue.
How to check Veritaas Advertising IPO allotment status Mas Services
Visit the website of Mas Services here:
Click on the 'IPO Allotment Status' option displayed on the page.
IPO name will be displayed on the screen (name will populated once share allocation is finalised)
Choose one of the following options: Search on Dp_id/Client id or search on PAN No.
Enter the required details.
Click on the 'Search' button.
Your IPO allotment status will be displayed on the screen.
MAS Services IPO Allotment Status tab
Veritaas Advertising IPO Listing Date
Veritaas Advertising IPO will be listed on NSE SME with a tentative listing date fixed as Tuesday, May 21.
Veritaas Advertising IPO Timeline (Tentative Schedule)
IPO Open Date: Monday, May 13
IPO Close Date: Wednesday, May 15
Basis of Allotment: Thursday, May 16
Initiation of Refunds: Friday, May 17
Credit of Shares to Demat: Friday, May 17
Listing Date: Tuesday, May 21
Investors who received shares will have their demat accounts credited on May 17. The refund procedure will begin on the same day, as soon as the allotment is finalised.
About Veritaas Advertising Limited
Veritas Advertising Limited, founded in 2018, is one of the leading outdoor marketing and advertising agencies that specialise in a range of services like media planning, buying and creative services. They operate mainly in West Bengal, Guwahati, and Shillong, with a presence in Delhi, Mumbai, and Pune as well. They provide various advertising services such as brand strategy, events, and outdoor media. Their clientele includes well-known brands like TVS, Honda, and ITC Limited.
