| Annual Financials | Mar 2024 | Mar 2025 | Mar 2026 |
| Revenue | 32.03 | 36.65 | 46.43 |
| Expenses | 27.38 | 30.55 | 39.29 |
| Other Income | 0.23 | 0.26 | 0.32 |
| Total Revenue | 32.27 | 36.91 | 46.76 |
| Profit Before Tax | 4.89 | 6.37 | 7.46 |
| Net Profit | 3.69 | 4.71 | 5.56 |
Century Business Media
Century Business Media IPO
₹2,24,000
11.75 xOver-subscribedBidding Dates 11 Sept, 26 -16 Sept, 26
Min Investment ₹2,24,000
Lot Size1,600
Price Range ₹70 – ₹74
Issue Size ₹17.11 Cr.
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IPO Subscription Details
Retail Subscription Details
6.87 x
Non-Institutional Buyers (sHNI)
8.42 x
Non-Institutional Buyers (bHNI)
18.88 x
Qualified Institutional Buyers (QIB)
17.6 x
Total11.75 x
11.75 x IPO Timeline
IPO Offer Start
11 Sept,26
IPO Offer Ends
16 Sept,26
Allotment Finalisation
17 Sept,26
Refund Initiation
18 Sept,26
Listing of Shares
21 Sept,26
IPO Analysis
Strengths
The company serves clients across Bihar, Delhi, Jharkhand, West Bengal, Maharashtra, Uttar Pradesh, Karnataka and other states with ability to offer multiple OOH formats to address market-specific demands.
The company holds exclusive advertising rights at five airports and covers 714 railway stations under Eastern Central Railway zone, with multi-format approach providing flexibility and wider market reach.
The company is led by Shashi Kumar Chaudhary with approximately 26 years of experience including 16 years in outdoor advertising industry, supported by experienced management team.
Risks
The company derives a significant portion of revenues from concession, licensing, and marketing agreements granted by government authorities including AAI, Indian Railways, and Metro authorities. These agreements are typically awarded through competitive bidding for fixed terms of 3-10 years, and renewal is not automatic but subject to re-bidding where competitors may offer more favorable terms.
The company's operations are predominantly concentrated in Bihar (35.56% of revenue), Jharkhand (21.19%), Delhi (15.43%), and West Bengal (9.16%) for FY 2025-26. This geographic concentration exposes the company to region-specific economic, political, regulatory risks, and operational challenges that cannot be offset elsewhere.
Certain concession agreements require the company to pay fixed Minimum Monthly Guarantees (MMG) to granting authorities regardless of actual revenue generated. If actual revenue falls short of MMG, the company must fund shortfalls from internal resources or borrowings, putting pressure on liquidity and profitability.
Objectives
The company proposes to utilize proceeds for acquisition and deployment of static and digital outdoor media assets across railway stations, airports, and city-based locations including hoardings, unipoles, lollypop, LED screens, and other display formats.
The company intends to utilize proceeds towards payment of future tranches of security deposits to the Airports Authority of India in connection with the award of advertising rights at Patna Airport.
The company proposes to utilize proceeds towards full or partial repayment or pre-payment of certain borrowings availed from UCO Bank, which include term loans facility to reduce interest burden and overall indebtedness.
The company intends to utilize proceeds to meet working capital requirements as the business is working capital intensive, with the company funding majority of working capital requirements from internal accruals.
The company's management will have flexibility in utilizing proceeds for general corporate purposes including meeting operating expenses, initial development costs for projects, and strengthening business development and marketing capabilities.
Yearly Financial Results
Balance Sheet
| Balance Sheet | Mar 2024 | Mar 2025 | Mar 2026 |
| Total Assets | 21.24 | 22.37 | 31.28 |
| Current Assets | 13.95 | 14.05 | 19.41 |
| Fixed Assets | 7.29 | 8.32 | 18.87 |
| Total Equity & Liabilities | 21.24 | 22.37 | 31.28 |
| Total Liabilities | 12.85 | 9.90 | 13.25 |
| Current Liabilities | 8.45 | 6.72 | 7.42 |
| Non Current Liabilities | 4.41 | 3.18 | 5.83 |
| Total Equity | 8.38 | 12.47 | 18.02 |
Cash Flow
| Cash Flow | Mar 2024 | Mar 2025 | Mar 2026 |
| Net Cash Flow | 0.29 | -0.20 | 3.35 |
| Investing Activities | -1.52 | -2.35 | -4.31 |
| Operating Activities | 0.16 | 5.40 | 6.05 |
| Financing Activities | 1.65 | -3.25 | 1.62 |
About Century Business Media
The company is an advertising services provider established in 1999, primarily focused on Out-of-Home (OOH) media formats including digital and non-digital solutions. The company operates in Airport Out-of-Home (AOOH), Railway Out-of-Home (ROOH), and Metro Out-of-Home (MOOH) segments, offering advertising spaces within and outside airport terminals, railway stations, and metro stations....more
Website
Managing DirectorShashi Kumar Chaudhary
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