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News Details

( As on 16/05/2026 07:00)

Simca Advertising Ltd. debuts with 14.75% discount at Rs 156.00

Simca Advertising Ltd. makes a weak debut on the bourses with scrip got listed at Rs 156.00 on the Bombay Stock Exchange, a 14.75 per cent discount to its issue price of Rs 183.00. On the National Stock Exchange, the stock was listed at Rs 156.00.

The company, which raised 0.32 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 31.72 lakhs shares.

The company, listed under ST Group Securities post its IPO, opened for subscription from May 08 to May 12.

Following a weak opening, the scrip touched an intraday high of Rs 163.80 and a low of Rs 148.20, before closing the session up by 10.49 per cent to its listing price at Rs 163.80 on the NSE.

The company anticipates using the proceeds of the issue for .

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

Meanwhile, the broader benchmark NSE Nifty closed trade at 23,643.50, down 46.10 points, or 0.19 per cent.