Samco securities limited

Vertoz Advertising Limited IPO

Add to Calendar 2017-11-14 12:00 AM 2017-11-16 12:00 AM Asia/Kolkata Vertoz Advertising Limited IPO Vertoz Advertising Limited India

Vertoz Advertising Limited is basically a programmatic advertising company. Company offers innovative advertising and monetization solutions that replaces the traditional methods of media buying and selling of advertisement. Company has offices in US, UK and UAE through its subsidiaries and has 115 employees. 

 

Date of establishment: Vertoz Advertisement Limited was incorporated in 2012.

 

Product & Service Offering: They have Ingenious Plex programmatic plan that provides real-time trading of digital advertising inventory between advertisers and publishers.

 

 

Promoters of Vertoz Advertisement ltd.:  Mr Hirenkumar Shah and Mr Ashish Shah are the promoters of Vertoz Advertisement ltd

 

 

Customer segment: In the last 5 years they have served major clients such as HDFC Life , Association of Mutual Funds in India (AMFI), Godrej, MRF Tyres, Air Asia, Kaya Skin, Lenovo, MTR Foods etc.

 

 

Objects of the Issue: The objects of the Offer is to:-
-      To Finance Working Capital requirements of Subsidiaries Vertoz Inc. and Vertoz Limited
-      To Finance Working Capital requirement
-      To Finance General corporate expense
-      To finance issue expenses

 

Company Financials:

 

Vertoz financial performance (in INR crores)

 

FY2013

FY2014

FY2015

FY2016

FY2017

30th June 17

Total revenue

2.49

3.79

4.16

5.86

20.48

9.99

Total Assets

1.64

1.44

1.87

3.38

9.06

11.03

Profit after tax

-0.13

.22

.24

0.14

3.06

1

 

 

Issue Detail

  • Issue Open: Nov 14, 2017
  • Issue Close: Nov 16, 2017
  • Issue Type: Fixed Price Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 108 Per Equity Share
  • Bid Lot:-
  • Minimum Order Quantity:-
  • Listing At: NSE SME
  • Issue Size: Rs 17.11 Cr

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