Bright Outdoor Media IPO GMP, Review, Price, Allotment


Last updated on March 24, 2023

Bright Outdoor Media IPO GMP 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.

Bright Outdoor Media 2023

Promoters of Bright Outdoor Media – Yogesh Jiwanlal Lakhani and Jagruti Yogesh Lakhani

Bright Outdoor Media IPO Details

Bright Outdoor Media IPO Dates14 – 17 March 2023
Bright Outdoor Media IPO PriceINR 146 per share
Fresh issue38,00,000 shares (INR 55.48 crore)
Offer For SaleNil
Total IPO size38,00,000 shares (INR 55.48 crore)
Minimum bid (lot size)1,000 shares (INR 146,000)
Face Value INR 10 per share
Retail Allocation50%
Listing OnBSE SME

Bright Outdoor Media Financial Performance

 FY 2020FY 2021FY 2022H1 FY 2023
Net income1.711.082.594.20
Figures in INR crores unless specified otherwise

Bright Outdoor Media Offer News

Bright Outdoor Media Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio57.03
RONW (%)
ROCE (%)20.8215.8118.52
EBITDA (%)10.1823.4213.76
*Compiled by IPO Central from Prospectus

Bright Outdoor Media IPO GMP Today

DateConsolidated IPO GMPKostakSubject 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

Shares Offered1,900,0001,900,0003,800,000
17 Mar 20231.341.081.22
16 Mar 20230.910.190.55
15 Mar 20230.790.050.42
14 Mar 20230.260.020.14

Bright Outdoor Media Offer Lead Manager

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]

Bright Outdoor Media Offer Registrar

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]

Bright Outdoor Media Contact Details

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]

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 Date14 March 2023
IPO Closing Date17 March 2023
Finalisation of Basis of Allotment22 March 2023
Initiation of refunds23 March 2023
Transfer of shares to demat accounts23 March 2023
IPO Listing Date24 March 2023
Opening Price on BSE SMEINR 150 per share (up 2.74%)
Closing Price on BSE SMEINR 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.


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