Bright Outdoor Media IPO GMP, Date, Price, Review, Allotment 2023

Bright Outdoor Media IPO

Table of Contents

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.

DateGMPKostakSubject 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.

ApplicationLot SizeSharesAmount
Retail Minimum11000₹146,000
Retail Maximum11000₹146,000
S-HNI Minimum22000₹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
YearRevenueExpensePAT
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/

Bright Outdoor Media IPO FAQs


What is Bright Outdoor Media IPO?

Bright Outdoor Media IPO is an NSE SME IPO. They are going to raise ₹55.48 Crores via IPO. The issue is priced at ₹146 per equity share. The IPO is to be listed on NSE.

When Bright Outdoor Media IPO will open?

The IPO is to open on March 14, 2023 for NII, and Retail Investors.

What is Bright Outdoor Media IPO Investors Portion?

The investors’ portion for NII is 50%, and Retail is 50%.

How to Apply the Bright Outdoor Media IPO?

You can apply Bright Outdoor Media IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Bright Outdoor Media IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Bright Outdoor Media”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Bright Outdoor Media IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Bright Outdoor Media”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Bright Outdoor Media IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Bright Outdoor Media”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Bright Outdoor Media IPO Size?

Bright Outdoor Media IPO size is ₹55.48 crores.

What is Bright Outdoor Media IPO Price Band?

Bright Outdoor Media IPO Price Band is ₹146 per equity share.

What is Bright Outdoor Media IPO Minimum and Maximum Lot Size?

The IPO bid is 1000 shares with ₹146,000.

What is Bright Outdoor Media IPO Allotment Date?

Bright Outdoor Media IPO allotment date is March 22, 2023.

What is Bright Outdoor Media IPO Listing Date?

Bright Outdoor Media IPO listing date is March 24, 2023. The IPO to list on BSE SME.

Note: The Bright Outdoor Media IPO details are announced officially. The IPO grey market premium (Bright Outdoor Media IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.)

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