Bright Outdoor Media IPO Details: Bright Outdoor Media IPO date is fixed, The IPO will open on March 14 and will close on March 17, 2023. Bright Outdoor Media is a BSE SME IPO to raise ₹55.48 crores via IPO. The Bright Outdoor Media IPO price band is fixed at ₹146 with a market lot of 1000 shares.
Bright Outdoor Media Limited is a provider of advertising services and one of the leading Out of Home (OOH) media organizations in India. They have nearly 40 years of experience as the leading OOH asset management company in India. They have market-leading technology and customer offering that is supported and delivered by a diverse, and expert team.
Bright Outdoor Media services include Transfer stickers, Railway boards, Railway panels, Promos, full trains, Bus panels, Full Bus painting, Toll Naka, Mobile sign trucks, Kiosks, Traffic Booths, Cinema slides, Gantry, and Vinyl. They have the leading technology platform, planning tools, strongest data, and analytics capabilities, broadest, and the most diversified view of the out-of-home channel. They have 4 Offices in India with over 100 people working with them. They command over 1500 Billboards, an 8000 sq. ft head office in Mumbai, an industry-leading specialist team, unparalleled knowledge of the OOH environment and media, 1500+ corporate and other clients, and more than 8000+ movies OOH launches.
Objects of the Issue:
- Prepayment/repayment of certain secured borrowings availed by our Company.
- Purchase of LED Hoardings.
- Funding working capital requirements.
- General corporate purposes.
Bright Outdoor Media IPO Review
- Avoid / Risky
Bright Outdoor Media IPO GMP Live Rates day by day with Kotak rates.
| Date | GMP | Kostak | Subject to |
| 22 March | +-₹5 | ₹- | ₹- |
Bright Outdoor Media IPO Date & Price Band Details
| IPO Open: | March 14, 2023 |
| IPO Close: | March 17, 2023 |
| IPO Size: | Approx ₹55.48 Crores, 3,800,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹146 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 50% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Bright Outdoor Media IPO Market Lot
The Bright Outdoor Media IPO minimum market lot is 1000 shares with a ₹146,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1000 | ₹146,000 |
| Retail Maximum | 1 | 1000 | ₹146,000 |
| S-HNI Minimum | 2 | 2000 | ₹292,000 |
Bright Outdoor Media IPO Dates
The Bright Outdoor Media IPO date is March 14 and the IPO close date is March 17. The IPO allotment date is March 22 and the IPO might list on March 24.
| IPO Open Date: | March 14, 2023 |
| IPO Close Date: | March 17, 2023 |
| Basis of Allotment: | March 22, 2023 |
| Refunds: | March 23, 2023 |
| Credit to Demat Account: | March 24, 2023 |
| IPO Listing Date: | March 24, 2023 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Bright Outdoor Media IPO Form
How to apply Bright Outdoor Media IPO? You can apply Bright Outdoor Media IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Bright Outdoor Media IPO in the Invest section. The other option you can apply Bright Outdoor Media IPO via IPO forms download via the BSE website. Check out the Bright Outdoor Media forms – click BSE IPO Forms download, fill and submit in your bank or with your broker.
Bright Outdoor Media Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2020 | ₹71.51 | ₹69.27 | ₹1.71 |
| 2021 | ₹24.04 | ₹23.50 | ₹1.08 |
| 2022 | ₹50.46 | ₹47.27 | ₹2.59 |
| 2023 6M | ₹44.97 | ₹36.61 | ₹4.20 |
Bright Outdoor Media IPO Valuation – FY2022
Check Bright Outdoor Media IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹2.56 per Equity Share |
| Price/Earning P/E Ratio: | 57.03 |
| Return on Net Worth (RoNW): | 7.04% |
| Net Asset Value (NAV): | ₹36.33 per Equity Share |
Peer Group
- NA
Company Promoters
- Yogesh Jiwanlal Lakhani
- Jagruti Yogesh Lakhani
Bright Outdoor Media IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com
Bright Outdoor Media IPO Allotment Status
Check Bright Outdoor Media IPO allotment status on Bigshare website URL. Click Here
Bright Outdoor Media IPO Lead Managers
- SHRENI SHARES PRIVATE LIMITED
Company Address
Bright Outdoor Media Limited
801, 8th Floor, Crescent Tower, Near Morya House,
Fame Infinity Mall, Off New Link Road,
Andheri (West), Mumbai 400 053
Phone: 022 – 6714 0000
Email: [email protected]
Website: http://www.brightoutdoor.com/
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