May 13, 2024 - May 15, 2024

Veritaas Advertising IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to Veritaas Advertising IPO.

Veritaas Advertising IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	0	1	0	0	0
%	0.00	100.00	0.00	0.00	0.00

Veritaas Advertising IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	May Apply

Veritaas Advertising IPO Review by Dilip Davda (May apply)

[Dilip Davda] The company is operating in a highly competitive and fragmented segment. It marked boosted top and bottom lines from FY23 onwards. Based on FY24 super earnings, the issue appears aggressively priced. Tiny paid-up equity capital post-IPO indicates longer gestation period for migration to main board. Investors may park moderate fund for the medium term. Read detail review...

Veritaas Advertising IPO Peer Comparison

Veritaas Advertising Limited peer comparison with similar listed entities. (As on March 31, 2023)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio	Financial statements
Veritaas Advertising Limited	2.27	2.27	99.55		48.99	1.15	Standalone
Crayons Advertising Limited	9.22	9.22	29.91	24.74	30.82	7.63	Standalone
Maagh Advertising And Marketing Services Ltd	1.56	1.56	42.59	11.41	3.67	0.42	Consolidated

Source: All the financial information for listed industry peer mentioned above is sourced from the annual report of the relevant companies for Fiscal 2023, as available on the websites of the NSE and BSE.

Notes for peer group:

Return on Net Worth (%) = Profit for the year ended March 31, 2023 divided by Total Equity of the Company as on March 31, 2023.
NAV is computed as the Total Equity of the Company as on March 31, 2023 divided by the outstanding number of equity shares as on March 31, 2023.

Veritaas Advertising IPO Review by Members

Veritaas Advertising IPO Reviews, analysis and views by popular members. Read Veritaas Advertising Limited IPO reviews by retail investors to find recommended ipo to buy.

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Veritaas Advertising IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	0	0	0	0
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