Bright Outdoor Media IPO Details

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.

Bright Outdoor Media IPO

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

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

Bright Outdoor Media Limited Financials:

Summary of financial Information (Restated Consolidated Statement)

ParticularsFor the year ended (₹ in lakh)
 31-Mar-20
Total Assets10,598.07
Total income8,235.29
Total Expenses7,939.10
Profit After Tax220.58

Bright Outdoor Media IPO Price – Details

DescriptionIPO Details
Public IssueInitial Public Issue of upto 38,00,000 Equity Shares of ₹ 10 (aggregating up to ₹ 5,548 Lakhs)
Issue Open Date14-Mar-23
Issue Close Date17-Mar-23
Issue TypeFixed Price
IPO Price Band₹ 146
Face Value₹ 10
Market Lot1000 Equity Shares and in multiples thereof
Minimum Order Quantity1000 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
ListingBSE SME
NSE SymbolBRIGHT
IPO Market Timings10.00 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

ApplicationLotsNo of SharesAmount (Rs)
Minimum11000₹ 146,000
Maximum11000₹ 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

DetailsDate
Bid / Offer Opens on14-Mar-23
Bid / Offer Closes on17-Mar-23
Finalisation of Basis of Allotment22-Mar-23
Initiation of refunds23-Mar-23
Credit of the Equity Shares24-Mar-23
Listing Date27-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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