vertoz advertising ipo

vertoz advertising ipo Vertoz Advertising IPO

Vertoz Advertising finally receives the approval of SEBI to come up with its public offering. The company is engaged in the business of programmatic advertising company that provides engaging and innovative advertising. In addition to this, it also provides monetization solutions and replaces the traditional mode of media buying and selling of advertisement. Vertoz advertising IPO is coming on Nov 14 and will last till Nov 16, 2017.

Company Business

Vertoz Advertising company is involved in the business of programmatic advertising company. The company has proprietary technology, advanced capabilities and programmatic platform. It optimizes the marketplace for the real time trading of digital advertising inventory between advertisers and publishers. Vertoz company generate revenue from advertisers and publishers.

Company has offices in various countries in the world including USA, UK and UAE. Vertoz advertising runs business here through its subsidiaries. It has total of 115 employees.

Company Promoters

The promoter of the company are Hirenkumar Shah and Ashish Shah

Objective of the Issue

The objective of the issue are as follows –

  1. To fund the working capital requirements of the company.
  2. To fund the working capital requirements of subsidiaries situated in various parts of the countries.
  3. For meeting the general corporate expenses.
  4. For funding the issue expenses.

Vertoz Advertising – Company Financials

This is the summary of Vertoz Advertising Company’s financial information of the last 5 years in consolidated form:

Summary of financial Information (Consolidated)
Particulars For the year/period ended (in Rs. Crores)
31-Mar-17 31-Mar-16
Total Revenue 20.5 11.9
Total Expenses 16.6 11.5
Profit After Tax (PAT) 3.1 0.4

Valuation of Vertoz Advertising

  • Earnings Per Share (EPS): Rs 1,531.44
  • Price/Earnings (P/E) ratio: 0.07
  • Return on Net Worth (RONW): 81.59%
  • Net Asset Value (NAV): Rs 1,876.91 per share

Vertoz Advertising Company Issue Details

  • Vertoz Advertising IPO Open Date – 14 November 2017
  • IPO Close Date – 16 November 2017
  • Issue Size – 1,584,000 Equity Shares of Rs 10 aggregating up to Rs 17.11 Cr
  • Face Value – Rs 10 per share
  • Issue Price – Rs 108 per equity share
  • Lot size – 
  • Minimum order quantity – 
  • Listing Stock exchanges – NSE and SME

Vertoz Advertising IPO Prospectus

Vertoz Advertising Lead Manager(s)