Bright Outdoor Media Limited is engaged in the business of providing advertising services offering advertising media services consisting of Out of Home (OOH) media services.
The company’s array of service hoardings includes 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.
Alongside Out-of-Home (OOH) Advertising and offering novel communication services to clients, the Company also engages in offering services assuring multicultural and ethnic Outdoor Advertising campaigns that engage audiences and achieve impact, for every creative need, idea, and budget.
The client domain of Bright Outdoor mainly revolves around corporate clients operating in various business fields viz. Insurance, Financial service providers, Entertainment Industries, Construction, Jewellery, Aviation, Education, Government Organizations, etc. This allows plenty of exposure to serve clients working in diverse industries and widen their experience.
Bright Outdoor Media IPO – Details
| IPO Opening Date | 14 March 2023 |
| IPO Closing Date | 17 March 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 38,00,000 Shares Worth ₹55.48 Crore Fresh Issue: 38,00,000 Shares Worth ₹55.48 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹146 |
| Market Lot | 1000 Shares |
| Min Order | 1000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Bigshare Services Pvt Ltd |
| Retail Shares Offered | 50% |
| NII (HNI) Shares Offered | 50% |
Bright Outdoor Media IPO – Date Schedule
| IPO Open Date | 14 March 2023 |
| IPO Close Date | 17 March 2023 |
| Basis of Allotment | 22 March 2023 |
| Initiation of Refunds | 23 March 2023 |
| Credit of Shares to Demat Account | 24 March 2023 |
| IPO Listing Date | 27 March 2023 |
Bright Outdoor Media IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 1000 | 1,46,000 |
| Maximum | 1 | 1000 | 1,46,000 |
Competitive Strengths
- Accreditation with various awards.
- Own Inventory of Hoardings.
- Experience of the Promoters and senior management team.
- Customer Satisfaction.
- Repeat Customers.
Company Promoters
- Yogesh Jiwanlal Lakhani
- Jagruti Yogesh Lakhani
Object Of The Issue
- Prepayment/repayment of certain secured borrowings availed by the Company.
- Purchase of LED Hoardings.
- Funding working capital requirements.
- General corporate purposes.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2020 | 71.51 | 69.26 | 1.71 |
| 31 March 2021 | 24.94 | 23.50 | 1.08 |
| 31 March 2022 | 50.89 | 47.27 | 2.59 |
| 30 September 2022 | 45.18 | 39.61 | 4.19 |
Bright Outdoor Media IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 72.72% |
Bright Outdoor Media IPO Prospectus
Company Contact Information
| 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: investor@brightoutdoor.com Website: http://www.brightoutdoor.com/ |
Bright Outdoor Media IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://www.bigshareonline.com/ |
Bright Outdoor Media IPO Lead Manager(s)
| 1. Shreni Shares Private Limited |
Bright Outdoor Media IPO FAQs
| What is Bright Outdoor Media IPO? Bright Outdoor Media IPO is a SME IPO. The issue is priced at ₹146 per equity share. The IPO is to be listed on BSE SME. |
| When Bright Outdoor Media IPO will open? The IPO is to open on 14 March 2023 for NII and Retail Investors. |
| What is Bright Outdoor Media IPO Investors Portion? The investors portion for NII-50%, and Retail-50%. |
| How to 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 5 Paisa? Log in to 5 Paisa 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 5 Paisa. |
| How to Apply the Bright Outdoor Media IPO through Edelweiss? Log in to Angle One 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 Edelweiss. |
| 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. |
| What is Bright Outdoor Media IPO Minimum and Maximum Lot Size? The minimum bid is 1000 Shares with ₹1,46,000 amount while the maximum bid is 1000 shares with ₹1,46,000. |
| What is the Bright Outdoor Media IPO Allotment Date? Bright Outdoor Media IPO allotment date is 22 March 2023. |
| What is the Bright Outdoor Media IPO Listing Date? Bright Outdoor Media IPO listing date is 27 March 2023. The IPO is to list on BSE SME. |
