Last updated on March 24, 2023
Bright Outdoor Media IPO description – The company is engaged in the business of providing advertising services offering advertising media services consisting of Out of Home (OOH) media services. Its service hoardings include Railway boards, Railway panels, Transfer stickers, Cinema slides, Promos, full train, Bus panels, Full Bus painting, Mobile sign truck, Kiosks, Traffic Booth, Toll Naka, Gantry and Vinyl. Apart from OOH Advertising and providing various novel communication solutions to clients, the company also offers multicultural and ethnic Outdoor Advertising campaigns that engage audiences.
Apart from business of providing advertising services, the company is also engaged in real estate business which mainly includes sale and purchase of properties and also sharing the same on rental/leave and license basis.
The company has purchased the business of M/s. Bright Advertising Agency vide Business Purchase and Takeover Agreement dated 1 April 2007. The seller, M/s. Bright Advertising Agency, has been carrying on the business of Outdoor Publicity and Advertisement.
Promoters of Bright Outdoor Media – Yogesh Jiwanlal Lakhani and Jagruti Yogesh Lakhani
Bright Outdoor Media IPO Details
| Bright Outdoor Media IPO Dates | 14 – 17 March 2023 |
| Bright Outdoor Media IPO Price | INR 146 per share |
| Fresh issue | 38,00,000 shares (INR 55.48 crore) |
| Offer For Sale | Nil |
| Total IPO size | 38,00,000 shares (INR 55.48 crore) |
| Minimum bid (lot size) | 1,000 shares (INR 146,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME |
Bright Outdoor Media Financial Performance
| Â | FY 2020 | FY 2021 | FY 2022 | H1 FY 2023 |
| Revenue | 70.55 | 24.04 | 50.46 | 44.97 |
| Expenses | 69.27 | 23.50 | 47.27 | 39.61 |
| Net income | 1.71 | 1.08 | 2.59 | 4.20 |
Bright Outdoor Media Offer News
- Bright Outdoor Media RHP
- Bright Outdoor Media Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Bright Outdoor Media Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 1.69 | 1.07 | 2.56 |
| PE ratio | – | – | 57.03 |
| RONW (%) | 5.11 | 3.15 | 7.04 |
| NAV | 33.07 | 33.92 | 36.33 |
| ROCE (%) | 20.82 | 15.81 | 18.52 |
| EBITDA (%) | 10.18 | 23.42 | 13.76 |
| Debt/Equity | 1.55 | 1.40 | 1.11 |
Bright Outdoor Media IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 23 Mar 2023 | (5) | – | – |
| 22 Mar 2023 | (5) | – | – |
| 21 Mar 2023 | (5) | – | – |
| 20 Mar 2023 | (8) | – | – |
| 18 Mar 2023 | (10) | – | – |
| 17 Mar 2023 | (10) | – | – |
| 16 Mar 2023 | (10) | – | – |
Bright Outdoor Media IPO Subscription – Live Updates
| Category | NII | Retail | Total |
| Shares Offered | 1,900,000 | 1,900,000 | 3,800,000 |
| 17 Mar 2023 | 1.34 | 1.08 | 1.22 |
| 16 Mar 2023 | 0.91 | 0.19 | 0.55 |
| 15 Mar 2023 | 0.79 | 0.05 | 0.42 |
| 14 Mar 2023 | 0.26 | 0.02 | 0.14 |
Bright Outdoor Media Offer Lead Manager
SHRENI SHARES PRIVATE LIMITED
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
Phone: 22-2808 8456
Email: [email protected]
Website:Â www.shreni.in
Bright Outdoor Media Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Telephone: +91 22 6263 8200
Email: [email protected]
Website:Â www.bigshareonline.com
Bright Outdoor Media Contact Details
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
E-mail: [email protected]
Website: www.brightoutdoor.com
Bright Outdoor Media IPO Allotment Status
Bright Media IPO allotment status is now available on Bigshare Services’ website. Click on Bigshare Services weblink to get allotment status.
Bright Outdoor Media IPO Dates & Listing Performance
| IPO Opening Date | 14 March 2023 |
| IPO Closing Date | 17 March 2023 |
| Finalisation of Basis of Allotment | 22 March 2023 |
| Initiation of refunds | 23 March 2023 |
| Transfer of shares to demat accounts | 23 March 2023 |
| IPO Listing Date | 24 March 2023 |
| Opening Price on BSE SME | INR 150 per share (up 2.74%) |
| Closing Price on BSE SME | INR 157.50 per share (up 7.88%) |
Bright Outdoor Media IPO FAQs
What is Bright Outdoor Media‘s offer size?
Bright Outdoor Media’s offer size is INR 55.48 crore.
What is Bright Outdoor Media IPO Price Band?
Bright Outdoor Media’s public offer price is INR 146 per share.
What is the lot size of Bright Media IPO?
Bright Outdoor Media offer a lot size is 1,000 shares.
What is Bright Media IPO GMP today?
Bright Outdoor Media IPO GMP today is a discount of INR 5 per share.
What is Bright Media kostak rate today?
Bright Outdoor Media kostak rate today is NA per application.
What is Bright Media Subject to Sauda rate today?
Bright Outdoor Media Subject to Sauda rate today is INR NA per application.
