Simca Advertising IPO Day 3: Check subscription status, allotment date and steps

Simca Advertising IPO: The initial public offering of advertising services provider Simca Advertising has been subscribed 13.42 times so far on Tuesday, May 12.

It secured bids for 3,66,73,800 shares as against 27,32,400 shares on offer, according to the NSE data until 11:31 am.

The ₹58.04 crore initial share sale is a fresh issuance of 31.71 lakh shares, with no offer for sale (OFS) component.

The fresh issue proceeds will be used for the purchase and installation of LED screens, funding for strategic collaboration with Capital World Media Services Pvt Ltd for monetisation of 20 LED digital advertising screens, incremental working capital needs and general corporate purposes.

With a price band of ₹174 to ₹183 per share, a lot consists of 600 shares. The minimum investment for an individual investor is two lots or 1,200 shares.

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

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

Simca Advertising IPO: Allotment and listing date

Simca Advertising IPO allotment status is expected to be finalised on Wednesday, May 13. The listing on the SME platform of NSE will occur on Friday, May 15.

How to check Simca Advertising IPO allotment status on NSE

• Visit NSE’s allotment status page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Choose ‘Equity & SME IPO bid details’
• Choose ‘Simca Advertising’ under the symbol ‘SIMCA’
• Enter your PAN details and application number
• Hit the 'Submit' button

Steps to check Simca Advertising IPO allotment status on MUFG Intime India

• Visit this page: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
• Select ‘Simca Advertising Limited’ from the drop down list for issue names
• Type in any of the following details: DP/Client ID, PAN, Application No or Account No/IFSC
• Press the ‘Submit’ button

Simca Advertising IPO GMP

According to investorgain.com and media reports, Simca Advertising's unlisted shares are trading at ₹213, reflecting a grey market premium (GMP) of 16.39% compared to the upper price band of ₹183.