Aarish Outdoors Ltd. has filed its Draft Red Herring Prospectus (DRHP) with the NSE SME on Jul 23, 2026 for its upcoming Initial Public Offering (IPO). The company plans to offer 0.47 crore shares to the public through the IPO.
Breaking Down the Aarish Outdoors IPO Details
- IPO Type: Book Built Issue
- IPO Sale Type: Fresh Issue and Offer for Sale (OFS)
- Fresh Issue: Up to 0.39 crore equity shares
- Offer for Sale (OFS): Up to 0.09 crore equity shares
- Face Value: ₹2 per equity share
- Lead Manager: Turnaround Corporate Advisors Pvt.Ltd.
- Registrar: Bigshare Services Pvt.Ltd.
The equity shares are proposed to be listed on the NSE SME.
IPO Issue Reservation
According to the DRHP, the issue comprises Not more than 50% of the Offer for Qualified Institutional Buyers (QIBs), Not less than 15% of the Offer for Non-Institutional Investors and Not less than 35% of the Offer for Retail Individual Bidders.
About the company
Incorporated in September 2022, Aarish Outdoors Limited is an Out-of-Home (OOH) advertising company engaged in providing outdoor advertising solutions through a network of strategically located hoardings across Ahmedabad, Gandhinagar, and adjoining cities in Gujarat. The company offers advertising space on static hoardings positioned at key arterial roads, highways, commercial hubs, and high-traffic locations, enabling advertisers to enhance brand visibility and effectively reach their target audience.Financial Performance Highlights:
Aarish Outdoors Ltd.’s total income grew by 173%, reached ₹12.00 crore in Mar 31, 2026, compared to ₹4.39 crore in Mar 31, 2025.
Profit after tax jumped 207% to ₹3.02 crore, compared to ₹0.9822 crore.
