Simca Advertising IPO Opens With ₹58.04 Crore Issue

Mumbai-based Simca Advertising Limited, a leading out-of-home (OOH) advertising company, has opened its IPO for subscription. The funds raised will be used to expand LED digital screen networks, strengthen partnerships, and meet working capital requirements.

Price Band And Issue Details

The IPO comprises 31,71,600 equity shares, with a lot size of 600 shares. Minimum application requires 1,200 shares, amounting to ₹2,19,600 at the upper price band. The anchor portion opened on May 7, and listing is expected on May 15, 2026.

Subscription And GMP Trends

The IPO is open from May 8–12, with allotment scheduled for May 13. Early GMP reports suggest modest premium activity, reflecting investor caution amid recent SME IPO volatility.

Strategic Outlook

Simca Advertising aims to capture growth in the digital out-of-home (DOOH) advertising segment, leveraging high-traffic locations across Mumbai and Maharashtra. The company is also collaborating with Capital World Media Services for monetization of LED screens.

Key Highlights

• IPO size ₹58.04 crore, price band ₹174–₹183
• Opens May 8, closes May 12, allotment May 13
• Minimum bid 1,200 shares, lot size 600
• Listing on NSE Emerge, tentative date May 15
• Funds to expand LED screen network and partnerships
• GMP indicates cautious optimism among investors

Sources: The Tribune, BusinessLine, IPO Watch, Chittorgarh, Value Research