Bright Outdoor Media IPO subscription is to open on Mar 14, 2023 and will close on Mar 17, 2023, the price band of the Bright Outdoor Media IPO is fixed at ₹ 146. Bright Outdoor Media is engaged in the business of providing advertising services offering advertising media services consisting of Out of Home (OOH) media services.
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About Bright Outdoor Media
Bright Outdoor Media is engaged in the business of providing advertising services offering advertising media services consisting of Out of Home (OOH) media services. The array of service hoardings includes 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 Out-of- Home (OOH) Advertising and providing various novel communication solutions to clients, our Company also offers services assuring multicultural and ethnic Outdoor Advertising campaigns that engage audiences and achieve impact, for every creative need, idea and budget. Apart from business of providing advertising services, our 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.
Objects of the Issue
- Prepayment/repayment of certain secured borrowings availed by the Company
- Purchase of LED Hoardings
- Funding working capital requirements; and
- General corporate purposes
Bright Outdoor Media Limited Financials:
Summary of financial Information (Restated Consolidated Statement)
| Particulars | For the year ended (₹ in lakh) |
| 31-Mar-20 | |
| Total Assets | 10,598.07 |
| Total income | 8,235.29 |
| Total Expenses | 7,939.10 |
| Profit After Tax | 220.58 |
Bright Outdoor Media IPO Price – Details
| Description | IPO Details |
|---|---|
| Public Issue | Initial Public Issue of upto 38,00,000 Equity Shares of ₹ 10 (aggregating up to ₹ 5,548 Lakhs) |
| Issue Open Date | 14-Mar-23 |
| Issue Close Date | 17-Mar-23 |
| Issue Type | Fixed Price |
| IPO Price Band | ₹ 146 |
| Face Value | ₹ 10 |
| Market Lot | 1000 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 1000 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | BSE SME |
| NSE Symbol | BRIGHT |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Bright Outdoor Media IPO DRHP & RHP
Bright Outdoor Media IPO DRHP
Bright Outdoor Media IPO RHP
Bright Outdoor Media IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 1000 | ₹ 146,000 |
| Maximum | 1 | 1000 | ₹ 146,000 |
Bright Outdoor Media IPO Lead Managers
- Shreni Shares Private Ltd
Bright Outdoor Media IPO Registrar
Bright Outdoor Media IPO Allotment Date, Listing Date and other Important Dates
| Details | Date |
|---|---|
| Bid / Offer Opens on | 14-Mar-23 |
| Bid / Offer Closes on | 17-Mar-23 |
| Finalisation of Basis of Allotment | 22-Mar-23 |
| Initiation of refunds | 23-Mar-23 |
| Credit of the Equity Shares | 24-Mar-23 |
| Listing Date | 27-Mar-23 |
Company Registered Office
801, 8th Floor, Crescent Tower,
Near Morya House, Fame Infinity Mall,
Off New Link Road, Andheri (West),
Mumbai 400 053,
Maharashtra, India.;
Website: www.brightoutdoor.com
Company Promoters
- Yogesh Jiwanlal Lakhani
- Jagruti Yogesh Lakhani
Bright Outdoor Media IPO – FAQS
When Bright Outdoor Media IPO will open?
The Bright Outdoor Media IPO opens on Mar 14, 2023 and closes on Mar 17, 2023
What is the lot size of Bright Outdoor Media IPO?
The Bright Outdoor Media IPO lot size is 1000 Equity Shares and the minimum order quantity is 1000 Equity Shares
Who is the Registrar for Bright Outdoor Media IPO?
The Registrar for Bright Outdoor Media IPO is Bigshare Services Private Limited
How to apply in Bright Outdoor Media IPO through UPI?
Check the step by step process here – Click here
How to apply in Bright Outdoor Media IPO through Zerodha?
Check the step by step process here – Click here
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