Bright Outdoor IPO Details ( Bright Outdoor Media IPO Review )
(14 Mar 2023 – 17 Mar 2023)
Bright Outdoor Media Limited, established in 2005, operates in the advertising industry and provides Out of Home (OOH) media services as part of their advertising media offerings.
The company offers a wide range of advertising hoardings such as Transfer stickers, Railway boards, Railway panels, Promos, full train, Bus panels, Full Bus painting, Toll Naka, Mobile sign trucks, Kiosks, Traffic Booths, Cinema slides, Gantry, and Vinyl.
In addition to providing Out-of-Home (OOH) Advertising services, the Company specializes in offering innovative communication solutions to its clients. Their range of services includes multicultural and ethnic Outdoor Advertising campaigns that effectively engage audiences and achieve the desired impact. They cater to a diverse range of creative needs, ideas, and budgets.
Bright Outdoor Media primarily serves corporate clients from various business sectors such as insurance, financial services, entertainment, construction, jewelry, aviation, education, and government organizations. This wide range of clientele provides them with ample opportunities to gain experience and expertise in serving diverse industries.
Bright Outdoor Media IPO Competitive Strength
- Expansion of our existing service portfolio
- Enter into new geographies
- Continue to maintain good relationships with our customers
- Invest in CRM, marketing and analytics to target consumers and drive sales
- Brand Image
Bright Outdoor Media Limited IPO Financials Performance ( Results )
Bright Outdoor Media Limited Financial Information ( Restated Standalone )
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS | Net Worth | NAV | Borrowing |
| 31-Mar-20 | 10,135.25 | 7,151.29 | 171.24 | 1.69 | 3,349.77 | – | 5,185.79 |
| 31-Mar-21 | 9,702.12 | 2,494.88 | 108.22 | 1.07 | 3,435.19 | – | 4,819.56 |
| 31-Mar-22 | 9,450.58 | 5,089.71 | 259.20 | 2.56 | 3,679.47 | 36.33 | 4,082.90 |
| 30-Sep-22 | 9,273.53 | 4,518.46 | 419.69 | 4.14 | 4,091.65 | 40.40 | 2,997.04 |
Objective of IPO 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 Basic Details
| IPO Date | Mar 14, 2023 to Mar 17, 2023 |
| Listing Date | Monday, March 27, 2023 |
| Face Value | ₹10 per share |
| Price | ₹146 per share |
| Lot Size | 1000 Shares |
| Issue Size | 3,800,000 shares of ₹10 (aggregating up to ₹55.48 Cr) |
| Fresh Issue | 3,800,000 shares of ₹10 (aggregating up to ₹55.48 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| NII (HNI) Shares Offered | 50% of the Offer |
| Retail Shares Offered | 50% of the Offer |
| Company Promoters | YOGESH JIWANLAL LAKHANI AND JAGRUTI YOGESH LAKHANI |
Bright Outdoor Media IPO Timetable
Bright Outdoor Media IPO will open on Mar 14, 2023 and close on Mar 17, 2023. You can join Bright Outdoor Media IPO at 10.00 A.M. to 5.00 P.M. Upto which mandate can be applied.
| Event | Date |
| Opening Date | Mar 14, 2023 |
| Closing Date | Mar 17, 2023 |
| Basis of Allotment | Mar 22, 2023 |
| Initiation of Refunds | Mar 23, 2023 |
| Credit of Shares to Demat | Mar 24, 2023 |
| Listing Date | Mar 27, 2023 |
Bright Outdoor Media IPO Lot Size
For retail investors in Bright Outdoor Media IPO, 1000 shares will come in 1 lot or the minimum investment will be ₹146,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹146,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1000 | ₹146,000 |
| Retail (Max) | 1 | 1000 | ₹146,000 |
| S-HNI (Min) | 2 | 2000 | ₹292,000 |
Bright Outdoor Media IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 72.72% |
Bright Outdoor Media IPO Valuation – FY2022
| Earning Per Share (EPS) | ₹2.56 per Equity Share |
| Price/Earning P/E Ratio | – |
| Return on Net Worth (RoNW) | 7.04% |
| Net Asset Value (NAV) | ₹36.33 per Equity Share |
| Upper Price/Book Value (Price/BV) Ratio | – |
Bright Outdoor Media Ltd Peer Comparison
We believe that there are no listed Companies in India which are focused exclusively on the segment in which we operate.
Bright Outdoor IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 17 March 2023 | ₹-10 | – | – |
| 16 March 2023 | ₹-10 | – | – |
| 15 March 2023 | ₹-10 | – | – |
| 14 March 2023 | ₹-11 | – | – |
| 13 March 2023 | ₹-8 | – | – |
| 12 March 2023 | ₹-8 | – | – |
| 11 March 2023 | ₹-8 | – | – |
| 10 March 2023 | ₹-9 | – | – |
| 09 March 2023 | ₹-9 | – | – |
| 08 March 2023 | ₹0 | – | – |
| 07 March 2023 | ₹0 | – | – |
Bright Outdoor Media IPO Detail Video:
Bright Outdoor Media IPO Subscription Status (Bidding Detail)
The Bright Outdoor Media IPO on Mar 17, 2023 at 7:02:00 PM was subscribed 1.27 times, with the retail category being subscribed 1.15 times, the NII (Non-Institutional Investor) category being subscribed 1.39 times.
| Category | Subscription |
| NII | 1.39x |
| Retail | 1.15x |
| Total | 1.27x |
Bright Outdoor Media IPO Prospectus
Bright Outdoor Media IPO Rating
| Our Rating | 1.5/5.0 |
Bright Outdoor Media Compnay Contact Information
BRIGHT OUTDOOR MEDIA LIMITED
Registered Office: 801, 8th Floor, Crescent Tower, Near Morya House, Fame Infinity Mall, Off New Link Road, Andheri (West), Mumbai 400 053, Maharashtra, India.
Tel: 022 – 6714 0000
E-mail: investor@brightoutdoor.com
Website: www.brightoutdoor.com
Contact Person: Khyati Mishra, Company Secretary and Compliance Officer
OUR PROMOTERS: YOGESH JIWANLAL LAKHANI AND JAGRUTI YOGESH LAKHANI
Bright Outdoor Media IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Registered Office: Office No S6-2, 6th floor Pinnacle Business Park, Next to Ahura Centre, Mahakali
Caves Road, Andheri (East) Mumbai – 400 093, Maharashtra, India.
Telephone: 022 – 6263 8200
Fax No.: 022 6263 8280
E-mail: ipo@bigshareonline.com
Investor grievance e-mail: investor@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Babu Rapheal C
SEBI Registration No.: INR000001385
Bright Outdoor Media IPO Lead Manager
SHRENI SHARES PRIVATE LIMITED
Registered Office: Office No. 102, 1st Floor, Sea Lord CHS, Plot No. 1/B, 1/A, Survey No. A-12,
Ram Nagar, Borivali (West), Mumbai- 400 092, Maharashtra, India.
Telephone: +91-22-2808 8456
E-mail: shrenishares@gmail.com
Investors Grievance e-mail: info@shreni.in
Website: www.shreni.in
Contact Person: Krunal Pipalia
SEBI Registration Number: INM000012759
Bright Outdoor Media IPO FAQs
What is the lot size of Bright Outdoor Media IPO?
The total size of Bright Outdoor Media IPO is ₹55.48 crores and this is a complete fresh Issue.
When will Bright Outdoor Media IPO start?
Bright Outdoor Media IPO will Open from 14 March 2023 and IPO will Close on 17 March 2023.
What is the open date of Bright Outdoor Media IPO?
Bright Outdoor Media IPO will start from 14 March 2023.
What is the last date ( close date ) of Bright Outdoor Media IPO?
Bright Outdoor Media IPO will close from 17 March 2023.
What is the price band of Bright Outdoor Media IPO?
Bright Outdoor Media IPO price band is ₹146.
What is the minimum amount required to apply for Bright Outdoor Media IPO?
The minimum investment for retailers to apply for Bright Outdoor Media IPO is ₹146,000 and the maximum investment is ₹146,000.
What is going on gray market premium of Bright Outdoor Media IPO?
View gray market premium of Bright Outdoor Media IPO by Clicking Here
How much is the GMP of Bright Outdoor Media IPO?
Watch Bright Outdoor Media IPO GMP Today: Click Here
What is the allotment date of Bright Outdoor Media IPO?
The allotment date of Bright Outdoor Media IPO is 22 March 2023.
How to check allotment status in Bright Outdoor Media IPO?
To check the allotment status of Bright Outdoor Media IPO, first of all go to the registrar website by clicking here, select your bad Bright Outdoor Media IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Bright Outdoor Media IPO?
The listing date of Bright Outdoor Media IPO is 27 March 2023.
How much will be the listing gain in Bright Outdoor Media IPO?
View listing gain of Bright Outdoor Media IPO by Clicking Here
How much time Bright Outdoor Media IPO is subscribed?
Total 1.27 times subscribed in Bright Outdoor Media IPO out of which 1.15 times subscription was done in retail quota and 1.39 times subscription in NII quota.
How to apply for Bright Outdoor Media IPO from Upstox?
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How to apply for Bright Outdoor Media IPO from Zerodha?
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How to apply for Bright Outdoor Media IPO from Angle One?
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