Bright Outdoor Media Limited IPO Detail
Incorporated in 2005, 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.
The company has been included in the World Book of Records, 2022 for receiving 2000 felicitations, 5000 awards internationally and owing 1000 clients in the field of entertainment industry, corporate sector and FMCG for 33 years.
Company Promoters
Yogesh Jiwanlal Lakhani and Jagruti Yogesh Lakhani are the Promoters of the Company.IPO Details
| IPO Opening Date | Mar 14, 2023 |
| IPO Closing Date | Mar 17, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹146 per equity share |
| Market Lot | 1000 Shares |
| Min Order Quantity | 1000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹55.48 Cr |
| Fresh Issue | 3,800,000 shares of ₹10 (aggregating up to ₹55.48 Cr) |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.00x | 0.01x | 0.01x | |
| Day 2 | - | - | 0.83x | 0.05x | 0.44x | |
| Day 3 | - | - | 0.96x | 0.19x | 0.58x | |
| Day 4 | - | - | 1.39x | 1.15x | 1.27x |
IPO Tentative Timetable
The Bright Outdoor Media Limited IPO open date is Mar 14, 2023, and the close date is Mar 17, 2023. The issue may list on Mar 27, 2023.
| IPO Open Date | Mar 14, 2023 |
| IPO Close Date | Mar 17, 2023 |
| Basis of Allotment Date | Mar 22, 2023 |
| Initiation of Refunds | Mar 23, 2023 |
| Credit of Shares to Demat Account | Mar 24, 2023 |
| IPO Listing Date | Mar 27, 2023 |
IPO Lot Size
The Bright Outdoor Media Limited IPO market lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹146000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1000 | ₹146000 |
| Maximum | 1 | 1000 | ₹146000 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 72.72% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 9702.12 | 2494.88 | 108.22 |
| 31-Mar-22 | 9450.58 | 5089.71 | 259.20 |
| 30-Sep-22 | 9273.53 | 4518.46 | 419.69 |
Objects of the Issue:
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
- Prepayment/repayment of certain secured borrowings availed by our Company
- Purchase of LED Hoardings
- Funding working capital requirements
- General corporate purposes.
Bright Outdoor Media Limited IPO Registrar:
Bigshare Services Pvt Ltd
Bright Outdoor Media Limited IPO Lead Manager(s):
SHRENI SHARES PRIVATE LIMITED
Company Contact Information:
Bright Outdoor Media Limited
801, 8th Floor, Crescent Tower, Near Morya House, Fame Infinity Mall, Off New Link Road, Andheri
Mumbai
Mumbai
