Simca Advertising IPO allotment: How to check status online on NSE, MUFG Intime India; listing date, time here

Simca Advertising IPO allotment: The basis of allotment of Simca Advertising is expected to be finalised on Wednesday, May 13. The bid finalisation details will be available on the websites of the NSE and registrar, MUFG Intime India.

The initial public offering was subscribed 80.88 times during the three-day bidding period, according to Chittorgarh.

The ₹58.04 crore IPO was a fresh issuance of 31.71 lakh shares, without an offer for sale (OFS) component.

The funds generated will be utilised for the purchase and installation of LED screens, incremental working capital requirements, strategic collaboration with Capital World Media Services for the monetisation of 20 LED digital advertising screens and corporate general purposes.

The price band was set at ₹174 to ₹183 per share. A lot consisted of 600 shares. The least investment for an individual investor was two lots or 1,200 shares.

Simca Advertising Ltd provides advertising services, with emphasis on out-of-home (OOH) media in Maharashtra, especially Mumbai. It provides OOH advertising options, including bus panels, hoardings, gantries, shelters, kiosks and vinyl signage.

It serves a varied client base, including advertising agencies, fashion and lifestyle, entertainment, real estate, insurance, and government organisations.

Simca Advertising IPO allotment date and time

Simca Advertising IPO allotment is likely to be finalised on Wednesday, May 13, by late evening.

Simca Advertising IPO allotment status online on NSE; steps here

• Go to NSE's IPO allotment status website: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Pick 'Equity & SME IPO bid details'
• Select 'Simca Advertising Ltd' under the symbol ‘SIMCA’
• Fill in your application number and PAN details
• Press the 'Submit' button

How to check Simca Advertising IPO allotment status online on MUFG Intime India

• Go to this page: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
• From the IPO names, select ‘Simca Advertising Limited’
• Add any one: DP/Client ID, Application No, PAN or Account No/IFSC
• Click on the ‘Submit’ button

Simca Advertising IPO listing date and time

Shares of Simca Advertising will be listed on the NSE SME platform on Friday, May 15.

Simca Advertising IPO GMP

According to investorgain.com and media reports, unlisted shares of Simca Advertising are trading at ₹190, reflecting a grey market premium (GMP) of 3.83% compared to the upper price band of ₹183.