Century Business Media Limited IPO

Founded in 1999, Century Business Media Limited operates in the Airport Out-of-Home and Railway Out-of-Home advertising segments, with additional presence in city media and digital outdoor advertising. Its media portfolio includes billboards, unipoles, gantries, pole kiosks, bridge wraps and digital LED screens. The company holds advertising rights at airports including Patna, Ranchi, Darbhanga and Deoghar and has railway advertising rights across multiple East Central Railway divisions. Its customers include corporate and government organisations across banking and financial services, education, healthcare, retail, jewellery, FMCG, infrastructure and other sectors. The company operates primarily across Bihar, Jharkhand, West Bengal, Delhi and other markets. As of June 30, 2025, it had 59 employees. The promoters are Shashi Kumar Chaudhary, Seema Chaudhary, Sangita Dokania and Shreya Chaudhary.

Century Business Media IPO is a ₹17.11 crore book-built BSE SME issue comprising an entirely fresh issue of 23.12 lakh shares at ₹70-74 per share. The proceeds are proposed to fund purchase of media assets, security deposits for advertising rights at Patna Airport, repayment of borrowings, working capital and general corporate purposes. At the ₹74 upper band, the reported pre-issue P/E is 8.59x and post-issue P/E is 11.67x, with FY2026 NAV of ₹27.94 and price-to-book of 2.65x. FY2026 revenue grew to ₹46.76 crore from ₹36.91 crore and PAT increased to ₹5.56 crore from ₹4.70 crore. Key strengths include access to strategic airport and railway advertising rights, recurring media assets and improving profitability, while key risks include dependence on advertising demand, concession and licensing arrangements, concentration in certain geographic markets and SME-market liquidity. The valuation appears moderate on earnings and reasonable relative to the disclosed peer set, although investors should assess the sustainability of growth and the company's reliance on media-rights renewals.