Bright Outdoor Media Limited IPO (Bright Outdoor Media IPO)

Bright Outdoor Media Limited IPO
Upcoming Bright Outdoor Media IPO | New Bright Outdoor Media IPO

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

Bright Outdoor Media IPO – Details

IPO Opening Date14 March 2023
IPO Closing Date17 March 2023
Issue TypeFixed Price Issue IPO
Issue Size38,00,000 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 Lot1000 Shares
Min Order1000 Shares (1 Lot)
Listing AtBSE SME
RegisterBigshare Services Pvt Ltd
Retail Shares Offered50%
NII (HNI) Shares Offered50%

Bright Outdoor Media IPO – Date Schedule

IPO Open Date14 March 2023
IPO Close Date17 March 2023
Basis of Allotment22 March 2023
Initiation of Refunds23 March 2023
Credit of Shares to Demat Account24 March 2023
IPO Listing Date27 March 2023

Bright Outdoor Media IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Minimum110001,46,000
Maximum110001,46,000

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.
Bright Outdoor Media IPO
Issue Object

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After Tax
31 March 202071.5169.261.71
31 March 202124.9423.501.08
31 March 202250.8947.272.59
30 September 202245.1839.614.19
Amount in ₹ Crore

Bright Outdoor Media IPO Promoter Holding

Pre Issue Share Holding99.99%
Post Issue Share Holding72.72%

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
Websitehttp://www.brightoutdoor.com/

Bright Outdoor Media IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Websitehttps://www.bigshareonline.com/

Bright Outdoor Media IPO Lead Manager(s)

1. Shreni Shares Private Limited

Bright Outdoor Media IPO FAQs

Bright Outdoor Media IPO FAQ
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.
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