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Bright Outdoor Media IPO GMP, Price, Dates & Allotment Details 2023

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:

  1. Prepayment/repayment of certain secured borrowings availed by our Company
  2. Purchase of LED Hoardings
  3. Funding working capital requirements
  4. General corporate purposes.

Financial Highlights (Restated)

ParticularsPeriod ended on 30th Sep. 2022FY 2021-22FY 2020-21FY 2019-20
Net Worth4,0923,6793,4353,350
Total Assets9,2749,4519,70210,135
Total Borrowings2,9974,0834,8205,186
Total Revenue4,5185,0902,4957,151
Profit After Tax420259108171
(Amount in ₹ Lakhs)

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 TypeFixed Price Issue IPO
IPO Price₹ 146 per share
Face Value₹ 10 per share
Market Lot1,000 Shares
Issue Size3,800,000 shares of ₹ 10  (Aggregating up to ₹ 55.48 Crore)
Fresh Issue3,800,000 shares of ₹ 10  (Aggregating up to ₹ 55.48 Crore)
Market Maker Portion194,000 shares
Market Maker SHRENI SHARES PRIVATE LIMITED
NII (HNI) Shares Offered50% of the Net Issue
Retail Shares Offered50% of the Net Issue
Listing AtBSE SME
Company PromotersYogesh 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 DateMarch 14, 2023
Closing DateMarch 17, 2023
Basis of AllotmentMarch 22, 2023
Initiation of RefundsMarch 23, 2023
Credit of shares to Demat A/cMarch 24, 2023
Listing DateMarch 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.

ApplicationsLotsSharesAmount 
Retail (Minimum)11,000₹ 146,000
Retail (Maximum)11,000₹ 146,000
HNI (Minimum)22,000₹ 292,000

Promoters Holdings – Bright Outdoor Media IPO

Pre-issue Shares Holdings99.99%
Post-issue Shares Holdings72.72%

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
IPO RHP
Company Contact InformationBright 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 RegistrarBigshare 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

The Bright Outdoor Media Ltd. IPO price is ₹ 146 per share.

One lot of the Bright Outdoor Media Ltd. IPO contains 1,000 shares of ₹ 146,000.

The minimum investment size is one lot for retail investors.

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.

The Bright Outdoor Media Ltd. IPO shares listing date is March 27, 2023.

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