Simca Advertising IPO to Open on May 8, Targets ₹58.04 Crore on NSE Emerge

Outdoor advertising firm Simca Advertising Ltd is gearing up to enter the public markets, with its IPO scheduled to open on May 8, 2026, and close on May 12.

The company plans to raise approximately ₹58.04 crore through the offering, which will be listed on the NSE Emerge platform. The price band for the issue has been set between ₹174 and ₹183 per share. Ahead of the public launch, the anchor investor portion will open on May 7. The IPO comprises a total of 31.71 lakh equity shares. Investors will be required to apply for a minimum of 1,200 shares, with bids accepted in multiples of 600 shares thereafter.

Socradamus Capital has been appointed as the book-running lead manager for the issue.

Operating within the out-of-home (OOH) advertising space, Simca Advertising focuses on billboards and transit media formats across multiple locations. The funds raised are expected to support the company’s growth strategy, including expanding its media assets and strengthening its presence in the competitive outdoor advertising market.