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Bright Outdoor Media Limited IPO (Bright Outdoor Media IPO) Detail

Mar 14, 2023 - Mar 17, 2023

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.

Objects of the Issue

The company proposes to utilize the Net Proceeds from the 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.

Bright Outdoor Media IPO Details

IPO Date Mar 14, 2023 to Mar 17, 2023
Listing Date [.]
Face Value ₹10 per share
Price ₹146 per share
Lot Size 1000 Shares
Total Issue Size3,800,000 shares
(aggregating up to ₹55.48 Cr)
Fresh Issue3,800,000 shares
(aggregating up to ₹55.48 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME

Bright Outdoor Media IPO Reservation

NII (HNI) Shares Offered1,803,000 (50% of the Net Issue)
Retail Shares Offered1,803,000 (50% of the Net Issue)
Market Maker portion194,000 shares (SHRENI SHARES PRIVATE LIMITED)
Total Shares Offered3,606,000

KPIs

KPI Values
P/E (x)24.21
Market Cap (₹ Cr.)203.36

Bright Outdoor Media IPO Tentative Timetable

Bright Outdoor Media IPO opens on Mar 14, 2023, and closes on Mar 17, 2023.

Event Tentative Date
Opening Date Mar 14, 2023
Closing Date Mar 17, 2023
Basis of Allotment Mar 22, 2023
Initiation of Refunds Mar 23, 2023
Credit of Shares to Demat Mar 24, 2023
Listing Date Mar 27, 2023
UPI Mandate Confirmation Cut-Off Time 5.00 PM on the issue closing day

Bright Outdoor Media IPO Lot Size

The Bright Outdoor Media IPO lot size is 1000 shares.

Application Lots Shares Amount
Retail (Min) 1 1000 ₹146,000
Retail (Max) 1 1000 ₹146,000
HNI (Min) 2 2,000 ₹292,000
Lot Size Calculator

Bright Outdoor Media IPO Promoter Holding

Yogesh Jiwanlal Lakhani and Jagruti Yogesh Lakhani are the Promoters of the Company.

Pre Issue Share Holding 99.99%
Post Issue Share Holding 72.72%

Company Financials

Bright Outdoor Media Limited Financial Information (Restated Standalone)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-2010,135.257,151.29171.243,349.775,185.79
31-Mar-219,702.122,494.88108.223,435.194,819.56
31-Mar-229,450.585,089.71259.203,679.474,082.90
30-Sep-229,273.534,518.46419.694,091.652,997.04
Amount in ₹ Lakhs

Bright Outdoor Media IPO Review (Avoid)

[Dilip Davda]  BOML is in the business of OOH and other modes of advertising. After posting an average performance till FY22, it posted boosted profits for H1 of FY23 that raise eyebrows and concern over its sustainability. Based on the super earnings of FY23, the issue is aggressively priced. There is no harm in skipping this “High-Risk / Low-Return” pricey bet. Read detail review...


Bright Outdoor Media IPO Subscription Status (Bidding Detail)

The Bright Outdoor Media IPO is subscribed 1.27 times on Mar 17, 2023 7:02:00 PM. The public issue subscribed 1.15 times in the retail category, times in the QIB category, and 1.39 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other1.39
Retail1.15
Total1.27

Total Application : 2,139 (1.19 times)

Bright Outdoor Media IPO Prospectus

Bright Outdoor Media IPO Rating

6
3.7
Rating:Rated 3.7 stars
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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: investor@brightoutdoor.com
Website: http://www.brightoutdoor.com/

Bright Outdoor Media IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/

Bright Outdoor Media IPO Analysis

Bright Outdoor Media IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 1

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Bright Outdoor Media IPO FAQs

Bright Outdoor Media IPO is a SME IPO of 3,800,000 equity shares of the face value of ₹10 aggregating up to ₹55.48 Crores. The issue is priced at ₹146 per share. The minimum order quantity is 1000 Shares.

The IPO opens on Mar 14, 2023, and closes on Mar 17, 2023.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Bright Outdoor Media IPO using UPI as a payment gateway. Zerodha customers can apply in Bright Outdoor Media IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Bright Outdoor Media IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Bright Outdoor Media IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Bright Outdoor Media IPO opens on Mar 14, 2023 and closes on Mar 17, 2023.

Bright Outdoor Media IPO lot size is 1000 Shares and the minimum order quantity is .

You can apply in Bright Outdoor Media IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Bright Outdoor Media IPO will be done on Mar 22, 2023, and the allotted shares will be credited to your demat account by Mar 24, 2023. Check the Bright Outdoor Media IPO allotment status.

The Bright Outdoor Media IPO listing date is not yet announced. The tentative date of Bright Outdoor Media IPO listing is Mar 27, 2023.
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Bright Outdoor Media IPO Message Board

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