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IPOs, NCDs, OFS, Rights Issues, Buyback and Stock Brokers

IPO Open

Fri, May 8, 2026

IPO Close

Tue, May 12, 2026

Price Band

₹174 to ₹183

Market Cap (Pre-IPO)

₹219.08 Cr

IPO Details

  • IPO Date
    8 to 12 May, 2026
  • Listing Date
    Fri, May 15, 2026T
  • Face Value
    ₹10 per share
  • Price Band
    ₹174 to ₹183
  • Lot Size
    600 Shares
  • Sale Type
    Fresh capital only
  • Issue Type
    Bookbuilding IPO
  • Listing At
    NSE SME
  • Total Issue Size
    31,71,600 shares (agg. up to ₹58 Cr)
  • Reserved for Market Maker
    1,59,000 shares (agg. up to ₹3 Cr) Giriraj Stock Broking Pvt.Ltd.
  • Fresh Issue (Ex Market Maker)
    30,12,600 shares (agg. up to ₹55 Cr)
  • Net Offered to Public
    30,12,600 shares (agg. up to ₹55 Cr)
  • Share Holding Pre Issue
    88,00,000 shares
  • Share Holding Post Issue
    1,19,71,600 shares

IPO Timetable (Tentative)

  • IPO Open
    Fri, May 8, 2026
  • Allotment
    Wed, May 13, 2026
  • Credit of Shares
    Thu, May 14, 2026
  • IPO Close
    Tue, May 12, 2026
  • Refund
    Thu, May 14, 2026
  • Listing
    Fri, May 15, 2026

Recode Studios SME IPO Day-wise GMP Trend

  • GMP Date
    IPO Price
    GMP
    Subscription
    Est. Listing Price
    Est. Profit*
    Last Updated

  • 06-05-2026

    ₹183.00

    ₹0 ─

    ₹183 (0.00%)

    ₹0

    6-May-2026 9:55

  • 05-05-2026

    ₹183.00

    ₹0 ─

    ₹183 (0.00%)

    ₹0

    5-May-2026 15:57

  • 04-05-2026

    ₹183.00

    ₹0 ─

    ₹183 (0.00%)

    ₹198 (25.32%)

    4-May-2026 23:32

Issue Reservation

Simca Advertising IPO comprises a total issue size of 1,59,000 shares. The net offer to the public is 0 shares, after excluding 1,59,000 shares allotted on a firm basis. Of the Net offer .

Investor Category Shares Offered
Firm Reservations
Market Maker Shares Offered 1,59,000
Total Shares Offered 1,59,000

IPO Lot Size

Investors can bid for a minimum of 1,600 shares and in multiples of 800 shares thereof.

Application Lots Shares Amount
Individual investors (Retail) (Min) 2 1,600 ₹2,52,800
Individual investors (Retail) (Max) 2 1,600 ₹2,52,800
S-HNI (Min) 3 2,400 ₹3,79,200
S-HNI (Max) 7 5,600 ₹8,84,800
B-HNI (Min) 8 6,400 ₹10,11,200

IPO Subscription Details

About Simca Advertising Ltd.

Incorporated in June 2022, Simca Advertising Limited provides advertising services, with a focus on Out-of-Home (“ OOH”) media in Mumbai and Maharashtra.

The company provides a range of OOH advertising options, including hoardings, gantries, bus panels, shelters, kiosks, utilities, and vinyl signage, to help brands connect with audiences in public spaces.

The company serves a diversified client base across multiple sectors, including advertising agencies, entertainment, real estate, fashion and lifestyle, insurance, and government organisations.

The company is ISO 9001:2015 certified, focusing on maintaining consistent quality across all services.

They customise campaigns based on audience behaviours and objectives, selecting locations and designing media plans to maximise reach and value.

Their comprehensive services help clients utilise public space to increase awareness and visibility.

The company manages over 100 Out-of-Home (OOH) media assets in Mumbai, including arterial roads, major junctions, commercial hubs, and markets.

The company serves a diverse client base across sectors like advertising, entertainment, real estate, fashion, lifestyle, insurance, and government.

As of December 31, 2025, the Company had 31 permanent employees.

Competitive Strength:

  • High Visibility: OOH advertising ensures strong brand exposure by capturing attention in high-traffic areas.
  • Technological Advancements: The adoption of digital technologies, including Digital OOH, has improved engagement by delivering dynamic, interactive content.
  • Cost-effectiveness, ROI for advertisers along with brand awareness and consumer recall.
  • Strong partnerships, industry collaborations and competitive market advantage
  • Experienced management team with managerial, creative and technical expertise and industry relationships

Company Financials (Restated)

Period Ended 31 Dec 2025 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 57.96 36.67 19.80 6.07
Total Income 78.16 75.09 49.31 11.96
Profit After Tax 10.68 9.98 5.78 1.57
EBITDA 14.37 13.49 7.72 2.11
NET Worth 28.05 17.37 7.39 1.62
Reserves and Surplus 19.25 17.32 7.34 1.57
Total Borrowing 0.28
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • # Issue Objects
    Est Amt (₹ Cr.)
  • 1 Purchase and installation of LED (“Light-emitting diode”) screens
    12.72
  • 2 Funding for strategic collaboration with Capital World Media Services Private Limited (“CWM”) for monetization of 20 LED digital advertising screens
    5.00
  • 3 Funding the incremental working capital requirements; and
    23.00
  • 4 General corporate purposes

Key Performance Indicator (KPI)

KPI Dec 31, 2025 Mar 31, 2025
ROE 38.08% 57.44%
ROCE 50.89% 76.57%
Debt/Equity 0.02
RoNW 38.08% 57.44%
PAT Margin 13.73% 13.31%
EBITDA Margin 18.48% 18.00%
Price to Book Value 5.74 9.27
Check IPO Peer Comparison here.
Pre IPO Post IPO
EPS (₹) 11.34 11.89
P/E (x) 16.14 15.39
Promoter Holding 99.99%
Market Cap ₹219.08 Cr.
The Promoters of the Company are Fahim Batliwala and Ashma Fahim Batliwala.
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of December 31, 2025 available in RHP.

IPO Review

[Dilip Davda]

SAL is engaged in providing OOH advertising services in Maharashtra. The company marked constant growth in its top and bottom lines for the reported periods. It is operating in a highly competitive and fragmented segments. Based on its recent financial data, the issue appears fully priced. Well-informed investors may park moderate funds for long term.

Read detail review…

Simca Advertising IPO Recommendations

Review By Subscribe May Apply Neutral Avoid
Brokers 0 0 0 0
Members 0 0 0 0

IPO Registrar

MUFG Intime India Pvt.Ltd.

  • +91-22-4918 6270
  • simca.smeipo@in.mpms.mufg.com
  • Visit Website

IPO Lead Manager(s)

  1. Socradamus Capital Pvt.Ltd.  (Past IPO Performance)

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Simca Advertising Ltd. Address
Bungalow No C-6,
Swami Samarth Nagar, Roshanlal Nagar,
3rd Cross Lane, Andheri (W),
Mumbai, Maharashtra, 400053

IPO FAQs

Simca Advertising IPO is a SME IPO of 31,71,600 equity shares of the face value of ₹10 aggregating up to ₹58 Crores. The issue is priced at ₹174 to ₹183. The minimum order quantity is 600.

The IPO opens on Fri, May 8, 2026, and closes on Tue, May 12, 2026.

MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Angel one customers can apply online in Simca Advertising IPO using UPI as a payment gateway. Angel one customers can apply in Simca Advertising IPO by login into Angel one Console (back office) and submitting an IPO application form.

Steps to apply in Simca Advertising IPO through Angel one

Visit the Angel one website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Simca Advertising IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel one IPO Application Process Review for more detail.

The Simca Advertising IPO opens on Fri, May 8, 2026 and closes on Tue, May 12, 2026.

Simca Advertising IPO lot size is 600, and the minimum amount required for application is ₹2,19,600, with 2 lots being the minimum application size.

You can apply in Simca Advertising IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Simca Advertising IPO will be done on Wednesday, May 13, 2026, and the allotted shares will be credited to your demat account by Thu, May 14, 2026. Check the Simca Advertising IPO allotment status.

The Simca Advertising IPO listing date is not yet announced. The tentative date of listing is Fri, May 15, 2026.

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