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

March 14, 2023 - March 17, 2023

Bright Outdoor Media IPO is a fixed price issue of Rs 55.48 crores. The issue is entirely a fresh issue of 38 lakh shares.

Bright Outdoor Media IPO bidding started from March 14, 2023 and ended on March 17, 2023. The allotment for Bright Outdoor Media IPO was finalized on Wednesday, March 22, 2023. The shares got listed on BSE SME on March 24, 2023.

Bright Outdoor Media IPO price is ₹146 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹146,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹292,000.

Shreni Shares Limited is the book running lead manager of the Bright Outdoor Media IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Bright Outdoor Media IPO is Shreni Shares.

Refer to Bright Outdoor Media IPO RHP for detailed information.

Bright Outdoor Media IPO Details

IPO Date March 14, 2023 to March 17, 2023
Listing Date March 24, 2023
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
Market Maker portion194,000 shares
Shreni Shares

Bright Outdoor Media IPO Reservation

Bright Outdoor Media IPO offers 3,800,000 shares. 1,803,000 (47.45%) to NII, 1,803,000 (47.45%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered194,000 (5.11%)
Other Shares Offered1,803,000 (47.45%)
Retail Shares Offered1,803,000 (47.45%)
Total Shares Offered3,800,000 (100%)

Bright Outdoor Media IPO Timeline (Tentative Schedule)

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

IPO Open Date Tuesday, March 14, 2023
IPO Close Date Friday, March 17, 2023
Basis of Allotment Wednesday, March 22, 2023
Initiation of Refunds Thursday, March 23, 2023
Credit of Shares to Demat Friday, March 24, 2023
Listing Date Friday, March 24, 2023
Cut-off time for UPI mandate confirmation 5 PM on March 17, 2023

Bright Outdoor Media IPO Lot Size

Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

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.

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

About Bright Outdoor Media Limited

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.

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

Key Performance Indicator

The market capitalization of Bright Outdoor Media IPO is Rs 203.36 Cr.

Pre IPO Post IPO
P/E (x) 24.21

Objects of the Issue (Bright Outdoor Media IPO Objectives)

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 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 March 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
Vote Here ...

Bright Outdoor Media IPO Listing Details

Listing Date March 24, 2023
BSE Script Code 543831
NSE Symbol
ISIN INE0OMI01019
Final Issue Price ₹146 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹146.00
₹150.00
₹150.00
₹157.50
₹157.50

Check IPO Performance…

Bright Outdoor Media Limited 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
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://ipo.bigshareonline.com/ipo_status.html

Bright Outdoor Media IPO - Buy or Not

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 March 14, 2023, and closes on March 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 March 14, 2023 and closes on March 17, 2023.

Bright Outdoor Media IPO lot size is 1000 Shares, and the minimum amount required is ₹146,000.

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 Wednesday, March 22, 2023, and the allotted shares will be credited to your demat account by Friday, March 24, 2023. Check the Bright Outdoor Media IPO allotment status.

The Bright Outdoor Media IPO listing date is on March 24, 2023.
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Bright Outdoor Media IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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121 Comments

64. IPOmentor |   Link |  Bookmark |March 27, 2023 12:20:31 PM
bright ka future Bright hai ya bech du ? Advise
63. Trueinfo |   Link |  Bookmark |March 25, 2023 5:08:01 AM
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
Unexpectedly positive listing under the circumstances. Big issue and grey in discount. Even then about 7-8% positive and never went below issue price.
63.1. Trueinfo |   Link |  Bookmark |March 25, 2023 5:09:38 AM
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
Much much better than Labelkraft.
62. SJogi |   Link |  Bookmark |March 24, 2023 10:31:06 AM
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
manna padega iss LM ko
itne bade ipo ko sambhal liya.
but iska bhi band bajne wala hai DAPS jaise.
62.2. Scorpions |   Link |  Bookmark |March 25, 2023 2:15:53 PM
Yes, Its the time will tell, who knows the future ?? fingers crossed
62.3. SJogi |   Link |  Bookmark |March 27, 2023 9:14:21 PM
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
yeah all the best to u guys.
61. Dinesh Singh |   Link |  Bookmark |March 24, 2023 9:51:13 AM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Sold 1 lot @ 150.
61.1. Scorpions |   Link |  Bookmark |March 24, 2023 10:05:30 AM
LM me dum hai... kya baat, listing in premium in spite of discount in the market.
61.2. IPOmentor |   Link |  Bookmark |March 24, 2023 10:23:08 AM
Fir Se milega 20% discount pe. Cash is king.
60. Gaurav DD dimer |   Link |  Bookmark |March 21, 2023 8:06:22 PM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
Allotment out (early allotment)
60.3. arvindarvind |   Link |  Bookmark |March 21, 2023 9:38:30 PM
Top Contributor Top Contributor (900+ Posts, 200+ Likes)
Early listing means positive listing????
60.4. arvindarvind |   Link |  Bookmark |March 24, 2023 7:47:26 PM
Top Contributor Top Contributor (900+ Posts, 200+ Likes)
Not applied but.
Its good lts listing.
59. IPO LEADER |   Link |  Bookmark |March 18, 2023 9:20:40 AM
IPO Mentor IPO Mentor (800+ Posts, 400+ Likes)
It should not list in discount, because everything managed
59.1. SJogi |   Link |  Bookmark |March 18, 2023 7:55:02 PM
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
Mushkil hai pr LM chahe toh positive list karwa sakta hai.
58. Arjun Rajkot |   Link |  Bookmark |March 18, 2023 12:02:49 AM
IPO Guru IPO Guru (1000+ Posts, 1900+ Likes)
Eagerly Waiting to See
How This is managed by LM Sherni

58.1. SJogi |   Link |  Bookmark |March 18, 2023 2:02:51 AM
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
Yeah! Will wait n watch.
Wont buy .
57. PLAZA |   Link |  Bookmark |March 17, 2023 7:20:16 PM
IPO Guru IPO Guru (1900+ Posts, 1200+ Likes)
Afterall managed to subscribe the issue
56. AMIT IND |   Link |  Bookmark |March 17, 2023 4:35:58 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Skipped completely.
55. Romy HNI |   Link |  Bookmark |March 17, 2023 3:07:53 PM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
Retail not fully subscribed
55.1. Scorpions |   Link |  Bookmark |March 17, 2023 4:13:57 PM
Sir, Its fully subscribed in retail also.
54. arvindarvind |   Link |  Bookmark |March 17, 2023 3:51:12 PM
Top Contributor Top Contributor (900+ Posts, 200+ Likes)
Skipped fully.
Its seems manipulated subscription.
Listing will be green if market will be stable.
But i does not take chance.
53. Scorpions |   Link |  Bookmark |March 17, 2023 3:34:34 PM
IPO over subscribed in both the category
53.1. Santosh IPO Investor |   Link |  Bookmark |March 17, 2023 3:38:55 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
managed ipo
52. IPOswami |   Link |  Bookmark |March 17, 2023 2:58:02 PM (200+ Posts)
Investor Category      Subscription (times)
Non-Institutional Buyers      1.16
Retail Investors      0.89
Total      1.02

Ye bhi bhar gaya..............pura..............................................
51. Amit Jaipur |   Link |  Bookmark |March 17, 2023 2:06:05 PM
IPO Guru IPO Guru (1400+ Posts, 1400+ Likes)
Skipping. Skipping. Best option seems.
50. Sanchit Jain |   Link |  Bookmark |March 17, 2023 12:11:44 PM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Skipping this, not looking convincing.
49. Romy HNI |   Link |  Bookmark |March 17, 2023 12:08:39 PM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
Avoid...Avoid...Avoid...

Paise bache ge toh bahut Mouke Milege
48. KING VINOD |   Link |  Bookmark |March 16, 2023 10:03:58 AM
IPO Guru IPO Guru (2400+ Posts, 5300+ Likes)
Bright Outdoor Fixed Buying happening at 1100/- per Application @ 10am # 16 March.
48.9. tejasa |   Link |  Bookmark |March 17, 2023 3:26:21 PM
@lokesh applied here or not
48.10. lokes |   Link |  Bookmark |March 17, 2023 3:53:13 PM
IPO Guru IPO Guru (4300+ Posts, 5100+ Likes)
@tejasa: no didn't applied here... 1 lot amount is big so even 5-10% loss is also not a small amount so didn't took risk, as per trends of most sme's this year till now...
47. Hope is life |   Link |  Bookmark |March 16, 2023 4:37:02 PM
IPO Mentor IPO Mentor (900+ Posts, 600+ Likes)
Dear Admin

one kind request

if dilip sir gives avoid rating to any ipo

but still any member strongly recommending any ipo to subscribe

then please either ask for clarification for recommendation like reasons for subscribe fundamental etc

or banned that type of member

because that type of members are misleading other members nd root cause for losses ...

NOTE-THIS IS MY SUGGESTIONS

I M NOT SAYING

U DO EXACTLY THIS WAY..

DO SOME THING

so people don't loose hard earned money...
47.6. PeterEngland |   Link |  Bookmark |March 17, 2023 8:09:07 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
@Hope is life, we already have New Member tag to identify the PR agents and if any reputed members starts doing so, they'll lose their credibility over time, that's how public forums works.

I understand your intention is good here but your suggestion is very drastic measure, everyone should be allowed to post their opinion.
47.7. Hope is life |   Link |  Bookmark |March 17, 2023 8:43:08 AM
IPO Mentor IPO Mentor (900+ Posts, 600+ Likes)
ok thanks members for ur views...

my intention is good...

thats why i give that suggestions ,i don't know i m right or wrong...

still i respect views of all of u...

we end this debate here in good note...

thanks again...
46. ipo share |   Link |  Bookmark |March 16, 2023 8:57:35 PM
IPO Guru IPO Guru (1500+ Posts, 700+ Likes)
Very big size of IPO, discount GMP, high valuations, turbulent market conditions world wide. Not getting confidence to apply here. I will most probably Avoid this not so bright looking (although name is Bright) IPO.
46.1. AMIT IND |   Link |  Bookmark |March 16, 2023 9:11:11 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
I think you have covered all the points, High PE & big size would not find many buyers in secondary market. You never know in high price when suddenly turn negative, ( no compulsion to take risk) I will see other options rather than this.
45. Romy HNI |   Link |  Bookmark |March 16, 2023 8:21:48 PM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
Bulaye ga.. Jaane ka nahi...
Duurrr se Namaste🙏 bolne ka
45.1. PeterEngland |   Link |  Bookmark |March 17, 2023 8:16:40 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
ROFL...nice one