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(04/05/2026 17:00)

Simca Advertising announces launch of initial public offering

Simca Advertising Ltd. has announced public offering of 3171600 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 173.00 per share. The gross proceeds of the issue are expected to be Rs 5,804.03 lakhs.

The company's initial public offer (IPO) will open on 08 May 2026 and is expected to close on 12 May 2026, subject to customary closing conditions. The price band of the issue has been fixed at Rs 174.00-183.00 per share.

The IPO includes a fresh Issue of 3171600 Equity Shares of the Company at an price of Rs 183.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 600 shares with bids in multiples of 600.

Simca Advertising Ltd. anticipates using the proceeds of the issue for .

Socradamus Capital Pvt. Ltd. as lead manager & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.
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