Simca Advertising’s IPO saw robust investor demand, subscribed over 80 times, yet a modest grey market premium suggests a subdued stock market debut. The out-of-home advertising firm, focusing on Mumbai and Maharashtra, plans to use IPO funds for expansion and digital asset monetization. Despite strong financials, market watchers anticipate a muted listing.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets