Mumbai (Maharashtra) [India], May 4: Simca Advertising Limited,a Mumbaiand Maharashtra-based OOH (Out-of-Home) advertising player,iscoming up with its IPO. The company isopeningits Initial Public Offering onMay 08, 2026, aiming to raise₹58.04Crores with shares to be listed on theNSE Emerge platform.
The issue size is₹58.04 Crorewith a fresh issue size of31,71,600equity shares with a face value of₹10eachwitha price band of₹174–₹183Per Share.
Equity Share Allocation
- QIB (Including Anchor Portion)–9,27,000EquityShares
- Non-InstitutionalBidders–10,29,600EquityShares
- IndividualBidders–10,56,000EquityShares
- Market Maker–1,59,000Equity Shares
The net proceeds from the IPO will be utilized forthe purchase and installation of LED (“Light-emitting diode”) screens,funding for strategic collaboration with Capital World Media Services Private Limited(“CWM”) for monetization of 20 LED digital advertising screens,funding incremental working capital requirements,general corporate purposes,and issue-related expenses.Theanchorbiddingwill open onThursday,May 07, 2026. The issuewillopen onFriday,May08,2026,and close onTuesday,May 12, 2026.
The Book Running Lead Manager to the Issue isSocradamus Capital Private Limited, and the Registrarto the issueisMUFG Intime India Private Limited.
Mr. Fahim Batliwala,Chairman,Managing Director,and PromoterofSimca Advertising Limited,expressed,“At Simca Advertising, our focus has always been on delivering high-impact outdoor advertising solutions backed by strong execution capabilities. The IPO is a strategic step towards scaling our digital footprint and capitalizing on the growing shift towards DOOH advertising.
We intend to utilize the proceeds to expand our LED screen network, strengthen partnerships, and support working capital requirements. With rising urbanization and demand for premium outdoor media, we are well-positioned to capture the next phase of growth in the OOH industry.”
Mr. Priyesh Jain,Director ofSocradamusCapitalPrivate Limited,expressed,“Simca Advertising Limited operates in a niche segment of the Out-of-Home (OOH) advertising industry, which is witnessing steady growth supported by urbanization and increasing adoption of organized media formats. The company has built a strong presence in key high-traffic locations and demonstrated consistent growth in its operations.
With increasing traction in Digital Out-of-Home (DOOH) advertising and focus on expanding digital infrastructure, we believe the company is well-positioned to leverage emerging opportunities in the sector. We are pleased to partner with the company in this IPO and support its growth journey.”
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