Bright Outdoor Media Limited

Offer PeriodMar 14, 2023 – Mar 17, 2023

Mar 14, 2023 – Mar 17, 2023

BSE - SMEListed

Listed Price:

₹150.00

(+2.74%)

Price Band₹146 - ₹146

Lot Size1,000 Shares

Allotment DateMar 22, 2023

Listing DateMar 24, 2023

Subscription1.27 Times

Issue Size₹55.48 Cr

Check Allotment

Share IPO Trend

IPO Details

Subscription

Lot Distribution

Reservation

Company Fin.

₹2
(1.37%)

Premium (ELP)

Bright Outdoor Media Limited's successfully transitioned to public market status with its listing on BSE on Mar 24, 2023. The IPO mobilized 38,00,000 Shares in cumulative capital, including 38,00,000 Shares for corporate expansion.

The public offering was conducted within the price parameters of ₹146 to ₹146, with minimum investment lots of 1000 shares. subscription activity between Mar 14, 2023 and Mar 17, 2023 demonstrated market reception to the company's valuation and growth narrative.

The allotment process concluded on Mar 22, 2023, finalizing share distribution to successful bidders. The listing represents a transformational event, providing the company with enhanced market visibility, regulatory compliance framework, and access to diversified investor capital.

Bright Outdoor IPO Details

IPO Date

Mar 14, 2023 to Mar 17, 2023

Allotment Date

Mar 22, 2023

List Date

Mar 24, 2023

Lot Size

1,000 share

Issue Price

₹146 - ₹146

Issue Size

38,00,000 (aggregating up to 55.48 Cr)

Fresh Issue

38,00,000 (aggregating up to 55.48 Cr)

Offer For Sale

Listing At

BSE

Share Holding Pre-Issue

1,01,28,780

Share Holding Post-Issue

1,39,28,780

Market Marker Portion

1,94,000

First time applying for an IPO? Read our guide on How to Apply for an IPO & Bidding Timings.

Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

Category	Lot(s)	Qty	Amount

Category	Lot(s)	Qty	Amount
Retail (Min)	1	1000	1,46,000
HNI	2	2000	2,92,000

IPO Reservation

Shares38,00,000

Market Maker

5.11%(1,94,000)

NII (HNI)

47.45%(18,03,000)

RETAIL

47.45%(18,03,000)

Total

100.00%(38,00,000)

Bright Outdoor IPO Key Performance Indicators

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KPI

KPI
No data

Want to understand how to evaluate these metrics? Read our guide on IPO Key Performance Indicators (KPIs).

Company Financials (in Lakhs)

Period Ended	Mar 2020	Mar 2021	Mar 2022	Sep 2022

Period Ended	Mar 2020	Mar 2021	Mar 2022	Sep 2022
Assets	10,135.25	9,702.12	9,450.58	9,273.53
Revenue	7,151.29	2,494.88	5,089.71	4,518.46
Net Worth	3,349.77	3,435.19	3,679.47	4,091.65
profit After Tax	171.24	108.22	259.20	419.69
Reserves And Surpluse	0	0	0	0
Total Borrowing	5,185.79	4,819.56	4,082.90	2,997.04

Bright Outdoor IPO About Company

Incorporated in 2005, Bright Outdoor Media Limited provides advertising and media solutions, primarily focusing on Out-of-Home (OOH) advertising services. The company offers a wide range of media options including transfer stickers, railway boards and panels, promos, full train and bus branding, toll naka ads, mobile sign trucks, kiosks, traffic booths, cinema slides, gantries, and vinyl displays. Along with OOH advertising, Bright Outdoor also specializes in multicultural and ethnic outdoor campaigns tailored to diverse audiences and budgets. Its clientele spans various sectors such as insurance, finance, entertainment, construction, jewellery, aviation, education, and government organizations, enabling the company to serve a wide range of industries with impactful communication strategies.

Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."

✅Bright Outdoor IPO Strength Factors

⚠️Bright Outdoor IPO Risk Factors

🏦Bright Outdoor IPO Lead Manager(s)

Shreni Shares Limited

👤Bright Outdoor IPO Promoter(s)

Yogesh Jiwanlal Lakhani
Jagruti Yogesh Lakhan

🏢Bright Outdoor IPO Company Details

Bright Outdoor Media Limited

Email:investor@brightoutdoor.com

Phone:022 – 6714 0000

Website:http://www.brightoutdoor.com/

address:801, 8th Floor, Crescent Tower, Near Morya House, Fame Infinity Mall, Off New Link Road, Andheri (West), Mumbai 400 053

📋Bright Outdoor IPO Registrar

Bigshare Services Private Limited

Name:Bigshare Services Private Limited

Phone:+91-22-6263 8200

Email:ipo@bigshareonline.com

Website:https://ipo.bigshareonline.com/IPO_Status.html

❓Bright Outdoor IPO FAQs

Bright Outdoor IPO is a main-board IPO of 38,00,000 equity shares of the face value of ₹10 per share aggregating up to ₹0.00 crore shares. The issue is priced at ₹146 - ₹146 per share. The minimum order quantity is .The IPO opens on Mar 14, 2023, and closes on Mar 17, 2023. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE.

Zerodha customers can apply online in Bright Outdoor IPO using UPI as a payment gateway. Zerodha customers can apply in Bright Outdoor IPO by login into Zerodha Console (back office) and submitting an IPO application form. Steps to apply in Bright Outdoor IPO through Zerodha (1) Visit the Zerodha website and login to Console. (2) Go to Portfolio and click the IPOs link. (3) Go to the 'Bright Outdoor IPO' row and click the 'Bid' button. (4) Enter your UPI ID, Quantity, and Price. (5) Submit IPO application form. (6) Visit the UPI App (net banking or BHIM) to approve the mandate. Visit Zerodha IPO Application Process Review for more detail.

The Bright Outdoor IPO opens on Mar 14, 2023 and closes on Mar 17, 2023.

You can apply in Bright Outdoor IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Bright Outdoor IPO will be done on Mar 22, 2023, and the allotted shares will be credited to your demat account by Mar 22, 2023

Bright Outdoor IPO's listing date is Mar 24, 2023.

Bright Outdoor Media Limited

IPO Details

Subscription

Lot Distribution

Reservation

Company Fin.

₹2(1.37%)

Premium (ELP)

₹2
(1.37%)