Bright Outdoor Media IPO GMP, Price, Dates & Allotment Details 2023
The Bright Outdoor Media IPO will open on March 14 and close on March 17, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 55.48 crore through this public offering, consisting of 3,800,000 shares of face value of ₹ 10 each. Which will be issued at a price of ₹ 146 per share.
Established in 2005. Out-of-home (OOH) media services are one of the advertising media services offered by Bright Outdoor Media Ltd. (the company), which is in the business of providing advertising services. The company’s array of service hoardings includes railroad boards, railroad panels, transfer stickers, cinema slides, promos, full trains, bus panels, full bus painting, mobile sign trucks, kiosks, traffic booths, toll booths, gantries, and vinyl. The company offers services guaranteeing multicultural and ethnic outdoor advertising campaigns that engage audiences and create effect for any creative demand, idea, and budget in addition to out-of-home (OOH) advertising and offering a variety of unique communication options to clients.
Apart from the business of providing advertising services, the company is also engaged in the real estate business, which mainly includes the sale and purchase of properties and also sharing the same on a rental, lease, and license basis.
The company has been included in the World Book of Records for 2022 for receiving 2000 felicitations, 5000 awards internationally, and owing 1000 clients in the fields of entertainment industry, corporate sector, and FMCG for 33 years.
The company has been felicitated with many awards, such as “India’s No. 1 Brand Award 2014” in India’s Best Outdoor Publicity Company Category by No. 1 Brand Awards Council, “India’s No. 1 Brand Award 2017” received from International Brand Consulting Corporation (IBC), USA for the year 2017-18, “Asia’s Most Trusted Brand Awards 2019″ received in FY 2019-20, and India’s Best Brand of the Year Awards” in 2022 by Berkshire Corporate Awards, 2022.
Objects of the Issue
The company proposes to utilize the net proceeds of the Fresh 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.
Financial Highlights (Restated)
| Particulars | Period ended on 30th Sep. 2022 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Net Worth | 4,092 | 3,679 | 3,435 | 3,350 |
| Total Assets | 9,274 | 9,451 | 9,702 | 10,135 |
| Total Borrowings | 2,997 | 4,083 | 4,820 | 5,186 |
| Total Revenue | 4,518 | 5,090 | 2,495 | 7,151 |
| Profit After Tax | 420 | 259 | 108 | 171 |
Bright Outdoor Media IPO – Details
As per the DRHP filed with SEBI, a total of 38 lakh shares will be offered as part of the fresh issue on the BSE SME segment. The face value of the shares is ₹ 10. The market maker would receive 194,000 shares of the offering. While Shreni Shares Pvt. Ltd. will be the lead manager for the IPO, Bigshare Services Pvt Ltd will be the registrar. It will be a Fixed Price Issue IPO, so there will be a price at which the securities are offered or allotted is known in advance to the investor.
| Issue Type | Fixed Price Issue IPO |
| IPO Price | ₹ 146 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 1,000 Shares |
| Issue Size | 3,800,000 shares of ₹ 10 (Aggregating up to ₹ 55.48 Crore) |
| Fresh Issue | 3,800,000 shares of ₹ 10 (Aggregating up to ₹ 55.48 Crore) |
| Market Maker Portion | 194,000 shares |
| Market Maker | SHRENI SHARES PRIVATE LIMITED |
| NII (HNI) Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
| Listing At | BSE SME |
| Company Promoters | Yogesh Jiwanlal Lakhani and Jagruti Yogesh Lakhani |
GMP – Bright Outdoor Media IPO
Bright Outdoor Media’ IPO GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilize after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates – Bright Outdoor Media IPO
The issue opens for subscription on March 14, 2023, and closes for subscription on March 17, 2023 (both days inclusive). The basis of allotment will be finalized on March 22th, 2023, and the refunds will be initiated on March 23rd, 2023. In addition, the demat credits are expected to happen on March 24th, 2023, and the stock will list on March 27th, 2023, on the BSE SME segment.
| Opening Date | March 14, 2023 |
| Closing Date | March 17, 2023 |
| Basis of Allotment | March 22, 2023 |
| Initiation of Refunds | March 23, 2023 |
| Credit of shares to Demat A/c | March 24, 2023 |
| Listing Date | March 27, 2023 |
Lot Size – Bright Outdoor Media IPO
The lot size of the Bright Outdoor Media IPO is 1,000 shares. A retail-individual investor can apply for up to lots, i.e. 1,000 shares of ₹ 146,000.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 1,000 | ₹ 146,000 |
| Retail (Maximum) | 1 | 1,000 | ₹ 146,000 |
| HNI (Minimum) | 2 | 2,000 | ₹ 292,000 |
Promoters Holdings – Bright Outdoor Media IPO
| Pre-issue Shares Holdings | 99.99% |
| Post-issue Shares Holdings | 72.72% |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP IPO RHP |
| 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: [email protected] Website: http://www.brightoutdoor.com/ |
| IPO Registrar | Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://www.bigshareonline.com/ |
| IPO Lead Manager(s) | SHRENI SHARES PRIVATE LIMITED |
FAQ’s
What is Bright Outdoor Media Ltd. IPO price?
The Bright Outdoor Media Ltd. IPO price is ₹ 146 per share.
What will be the Bright Outdoor Media Ltd. IPO lot size?
One lot of the Bright Outdoor Media Ltd. IPO contains 1,000 shares of ₹ 146,000.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors.
When will Bright Outdoor Media Ltd. IPO allotment available?
The finalisation of the basis of allotment for the Bright Outdoor Media Ltd. IPO will be done on March 22, 2023, and the allotted shares will be credited to your demat account by March 24, 2023. Check the Bright Outdoor Media Ltd. IPO allotment status.
When will Bright Outdoor Media Ltd. IPO list on exchanges?
The Bright Outdoor Media Ltd. IPO shares listing date is March 27, 2023.
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