Century Business Media IPO
Century Business Media IPO is a BSE SME book-built issue of approximately ₹17.11 crore, consisting entirely of a Fresh Issue of 23,12,000 equity shares with no Offer for Sale. The price band is ₹70 to ₹74 per share, with a lot size of 1,600 shares. The IP
Century Business Media IPO Details
Century Business Media Limited is a Patna-based out-of-home advertising company operating across airport, railway and metro advertising segments. The company provides advertising solutions through exclusive and long-term media rights at transport hubs and other high-traffic locations. Its railway advertising rights cover 714 stations across East Central Railway divisions, while it also operates advertising rights at selected airport and metro locations. Century Business Media IPO bidding is scheduled to start on September 11, 2026 and close on September 16, 2026. The basis of allotment is expected to be finalized on September 17, refunds are scheduled to begin on September 18, and shares are expected to be credited to successful applicants' Demat accounts on September 18. Century Business Media shares are scheduled to list on the BSE SME platform on September 21, 2026. Century Business Media Limited is an integrated Out-of-Home (OOH) advertising services company established in 1999. The company operates across Airport OOH, Railway OOH, Metro OOH and City OOH advertising formats and provides both digital and non-digital advertising solutions. Its business model is focused on acquiring and managing advertising rights at strategic, high-footfall locations and monetising those rights through advertising campaigns. The company has a significant presence in eastern and northeastern India, with exclusive advertising rights at Patna, Ranchi, Deoghar, Darbhanga and Jorhat airports. It also has non-exclusive rights at Dimapur and Itanagar airports and marketing rights at Gaya, Agartala and Silchar airports. In railway advertising, the company has exclusive rights outside station campuses across 714 stations in the East Central Railway zone. The IPO is entirely a fresh issue. The company intends to use the proceeds for purchasing media assets, paying security deposits for selected airport advertising rights, repayment of certain borrowings and general corporate purposes.
Century Business Media IPO GMP
Century Business Media IPO GMP is currently reported at ₹0 as of September 7, 2026. Other market sources have indicated that meaningful grey-market trading had not yet started, so the current GMP should be treated only as an unofficial market indication. GMP is not regulated or guaranteed and should not be used as the sole basis for an IPO investment decision.
Century Business Media IPO Timeline (Tentative)
Century Business Media IPO is scheduled to open on September 11, 2026 and remain open until September 16, 2026. The basis of allotment is expected on September 17, followed by refund initiation and credit of shares to Demat accounts on September 18. The proposed listing date on BSE SME is September 21, 2026. These dates are subject to final exchange and regulatory confirmation.
| Event | Tentative Date |
|---|---|
| IPO Open Date | Fri, Sep 11, 2026 |
| IPO Close Date | Wed, Sep 16, 2026 |
| Basis of Allotment | Thu, Sep 17, 2026 |
| Initiation of Refunds | Fri, Sep 18, 2026 |
| Credit of Shares to Demat | Fri, Sep 18, 2026 |
| Listing Date | Mon, Sep 21, 2026 |
| DRHP Filing Date | September 5, 2025 |
| DRHP Approval | November 27, 2025 |
| IPO Opens | September 11, 2026 |
| IPO Closes | September 16, 2026 |
| Basis of Allotment | September 17, 2026 |
| Refund Initiation | September 18, 2026 |
| Credit of Shares to Demat | September 18, 2026 |
| Listing Date | September 21, 2026 |
Century Business Media IPO Lot Size
Century Business Media IPO has a lot size of 1,600 shares. Since SME IPO applications require a larger minimum application than a standard mainboard retail application, individual investors are required to apply for at least 2 lots, or 3,200 shares. At the upper price band of ₹74, the minimum application amount is ₹2,36,800. Retail investors can apply for a maximum of 2 lots within the ₹2 lakh retail threshold, while applications above the retail limit fall under the applicable NII categories.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | 2,36,800 |
| Retail (Max) | 2 | 3,200 | 2,36,800 |
| S-HNI (Min) | 3 | 4,800 | 3,55,200 |
| S-HNI (Max) | 8 | 12,800 | 9,47,200 |
| B-HNI (Min) | 9 | 14,400 | 10,65,600 |
Century Business Media IPO Reservation
Century Business Media IPO has reserved not more than 50% of the net issue for Qualified Institutional Buyers, not less than 15% for Non-Institutional Investors and not less than 35% for Individual Bidders. The company may allocate up to 60% of the QIB portion to Anchor Investors, subject to applicable regulations. The final category-wise share allocation will depend on valid bids received during the issue.
Century Business Media IPO Subscription
Century Business Media IPO has not yet opened for subscription as of September 7, 2026. Therefore, the QIB, NII, RII and total subscription figures will be updated after bidding begins on September 11, 2026.
| Category | Subscription (times) |
|---|---|
| QIB | 0.00x |
| NII | 0.00x |
| RII | 0.00x |
| Total | 0.00x |
About Century Business Media
Century Business Media Limited was incorporated in 1999 and is engaged in providing Out-of-Home advertising services through a combination of digital and traditional advertising formats. Its principal business segments include Airport Out-of-Home (AOOH), Railway Out-of-Home (ROOH), Metro Out-of-Home (MOOH) and City Out-of-Home (COOH) advertising. The company provides advertising inventory such as hoardings, billboards, unipoles, multipoles, gantries, wall wraps, pole kiosks, lollipops, water tank branding and platform screen door advertising.
The company has developed its operations around transport and high-footfall locations where advertising visibility can be monetised through exclusive, non-exclusive and marketing rights. In the airport segment, Century Business Media holds exclusive advertising rights at Patna, Ranchi, Deoghar, Darbhanga and Jorhat airports. It also operates through non-exclusive rights at Dimapur and Itanagar and marketing rights at Gaya, Agartala and Silchar airports.
The railway advertising business is another important part of the company's operations. Century Business Media holds exclusive advertising rights outside station campuses in the East Central Railway zone, covering Danapur, Dhanbad, Mughalsarai, Samastipur and Sonepur divisions and a total of 714 railway stations. The company also has platform screen door advertising rights at Howrah and Esplanade metro stations.
The company has established its operational presence across Bihar, Jharkhand, West Bengal and the northeastern states, while also undertaking OOH advertising campaigns across other parts of India through a combination of exclusive and non-exclusive media rights. As of June 30, 2025, the company had 59 employees, including key managerial personnel.
Strengths
- Presence across airport, railway and metro out-of-home advertising.
- Exclusive advertising rights at a large number of railway stations.
- Established operations in eastern and northeastern Indian markets.
- Revenue and profitability have increased across the reported financial periods.
- Dedicated focus on transport and high-footfall advertising assets.
Risks to Consider
- The company depends significantly on obtaining and renewing advertising rights.
- Advertising expenditure can be affected by economic conditions and changes in customer spending.
- A substantial part of the business depends on third-party authorities and contracts for media rights.
- The company operates in a competitive advertising industry.
- The final IPO valuation and issue terms are not yet available.
Century Business Media Financials (₹ Cr)
Century Business Media has reported a consistent improvement in revenue and profitability over the last three reported financial years. Revenue from operations increased from ₹22.57 crore in FY2023 to ₹32.03 crore in FY2024 and ₹36.65 crore in FY2025. Profit after tax increased from ₹1.08 crore in FY2023 to ₹3.68 crore in FY2024 and ₹4.70 crore in FY2025. Total assets also increased from ₹14.97 crore in FY2023 to ₹22.37 crore in FY2025, while net worth rose from ₹4.07 crore to ₹12.47 crore over the same period.
| Period | Revenue | PAT | Total Assets | Net Worth |
|---|---|---|---|---|
| FY2025 | ₹36.65 Cr | ₹4.70 Cr | ₹22.37 Cr | ₹12.47 Cr |
| FY2024 | ₹32.03 Cr | ₹3.68 Cr | ₹21.24 Cr | ₹7.76 Cr |
| FY2023 | ₹22.57 Cr | ₹1.08 Cr | ₹14.97 Cr | ₹4.07 Cr |
KPIs & Valuation
Century Business Media's FY2025 financial indicators show an improvement in operating profitability and returns compared with earlier years. FY2025 EBITDA was ₹7.18 crore, corresponding to an EBITDA margin of 19.58%, while PAT margin stood at 12.84%. The company reported RoNW of 37.74%, ROCE of 36.65% and NAV of ₹19.33 per share. At the IPO price band of ₹70–₹74, the implied P/E works out to approximately 9.59x–10.14x on FY2025 pre-issue EPS of ₹7.30.
Objects of the Issue
Century Business Media IPO is a 100% fresh issue. The company intends to use the net proceeds to strengthen its advertising infrastructure, secure additional advertising rights, reduce selected borrowings and meet general corporate requirements. The stated objects are focused on expanding the company's media asset base and supporting its operating requirements.
- The company proposes to utilise the IPO proceeds for:
- Funding capital expenditure towards purchase of media assets – approximately ₹2.94 Cr.
- Payment of security deposits for advertising rights at Patna, Deoghar and Darbhanga airports – approximately ₹3.10 Cr.
- Repayment of certain borrowings availed by the company – approximately ₹1.50 Cr.
- General corporate purposes – approximately ₹3.00 Cr.
- The balance of the issue proceeds will be applied towards issue-related expenses and other permitted requirements in accordance with the offer documents.
Promoters, Lead Managers & Registrar
Century Business Media Limited is promoted by Shashi Kumar Chaudhary and Seema Chaudhary. Hem Securities Limited is the Book Running Lead Manager for the IPO, while KFin Technologies Limited is appointed as the Registrar to the Issue. The company's promoter holding is expected to reduce from 100% before the issue to approximately 73.61% after the IPO.
Promoters
Lead Managers (BRLM)
Registrar
| Name | KFin Technologies Limited |
|---|---|
| Phone | +91 40 6716 2222 |
| ssl.ipo@kfintech.com | |
| Website | https://www.kfintech.com/ |
Century Business Media IPO Review
Century Business Media has built a specialised OOH advertising business around transport and public-location media assets. Its exposure to airports, railways, metro stations and city advertising gives it multiple formats through which it can serve advertisers. The company's exclusive rights at several airports and across 714 East Central Railway stations provide an operating base that can support recurring advertising activity.
The financial performance has also improved considerably over the reported three-year period. Revenue increased from ₹22.57 crore in FY2023 to ₹32.03 crore in FY2024 and ₹36.65 crore in FY2025, while PAT increased from ₹1.08 crore to ₹3.68 crore and then ₹4.70 crore. EBITDA increased from ₹2.07 crore in FY2023 to ₹7.18 crore in FY2025, showing improvement in operating profitability.
The proposed use of IPO proceeds is another positive factor because the funds are being directed toward media assets, airport advertising rights, debt repayment and corporate requirements rather than an OFS. At the same time, investors should consider the company's relatively small scale, regional concentration, dependence on advertising rights and competitive industry environment. The IPO also carries a sizeable SME minimum application amount of ₹2,36,800 at the upper price band.
At ₹70–₹74 per share, the IPO implies approximately 9.59x–10.14x FY2025 earnings on a pre-issue basis and around 13.06x–13.81x on a post-issue basis. Investors should evaluate the valuation alongside the company's growth prospects, media-rights portfolio, financial performance and SME-market liquidity rather than relying only on the GMP.
How to Apply
Century Business Media IPO applications can be made through the ASBA facility of eligible banks or through UPI-enabled IPO applications offered by participating brokers and intermediaries. Investors should select Century Business Media IPO, enter the required number of lots, choose a bid price within the ₹70–₹74 price band and authorise the payment mandate before the issue closes on September 16, 2026.
Through UPI
- Log in to your stockbroker app or website.
- Go to the IPO section.
- Select Century Business Media IPO.
- Enter the number of lots you want to apply for.
- Select a bid price between ₹70 and ₹74 per share or use the cut-off option where permitted.
- Enter your valid UPI ID.
- Submit the IPO application.
- Open your UPI application when the mandate request arrives.
- Approve the UPI mandate using your UPI PIN.
- The application amount will remain blocked until the allotment process is completed. If shares are allotted, the required amount will be debited; otherwise, the blocked amount will be released.
Prospectus & Documents
Investors can refer to the company's DRHP and the offer documents made available through the Book Running Lead Manager for detailed information on the business, financial performance, risk factors, IPO structure and utilisation of the issue proceeds. The DRHP was dated September 5, 2025. The latest IPO timetable and price band have subsequently been announced for the September 2026 issue.
Last updated Sep 7, 2026.