Vertoz Advertising Limited IPO

Vertoz Advertising Limited

Issue Open

Nov 14, 2017

Price Band

₹ 108

Issue Size

₹ 17.11 Cr

Credit of Shares to Demat

-

Issue Close

Nov 16, 2017

Bid Lot

Listing Exchange

NSE SME

Cut off time for UPI Mandate Confirmation

-

Issue Type

Fixed Price Issue IPO

Minimum Order Quantity

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Nov 24, 2017

Refunds

-

About the company:
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

 

 

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