Bright Outdoor Media Limited, incorporated in 2005, specializes in providing advertising services with a focus on Out of Home (OOH) media. Their extensive array of advertising media services includes a wide range of hoardings such as 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.
In addition to offering innovative communication services through OOH Advertising, the company excels in delivering multicultural and ethnic Outdoor Advertising campaigns that effectively engage audiences and create a significant impact, tailored to meet the diverse creative needs, ideas, and budgets of their clients.
Bright Outdoor serves a diverse clientele primarily comprising corporate clients from various industries, including Insurance, Financial service providers, Entertainment Industries, Construction, Jewellery, Aviation, Education, Government Organizations, and more.
The company’s outstanding achievements have garnered them prestigious accolades. They have been included in the World Book of Records, 2022, for receiving a remarkable 2000 felicitations and 5000 awards internationally. With an impressive client base in the entertainment industry, corporate sector, and FMCG, Bright Outdoor has maintained a successful track record for 33 years.
Through their expertise in OOH Advertising and a focus on meeting clients’ specific needs, Bright Outdoor Media Limited continues to excel in the advertising industry, delivering impactful campaigns that leave a lasting impression on audiences and drive results for their valued clients.
Bright Outdoor Media Ltd Stock Quote #
- Open: ₹328.85
- High – Low: ₹341.90 – ₹325.20
- Previous Close: ₹319.70
- Total Traded Value: 53,000
- 52 Weeks High: ₹341.90 (Jul 21, 2023)
- 52 Weeks Low: ₹150.00 (Mar 24, 2023)
- Updated On: Jul 21, 2023 4:00 PM
IPO Details #
| IPO Date | Mar 14, 2023 to Mar 17, 2023 |
| Listing Date | Mar 24, 2023 |
| Face Value | ₹10 per share |
| Price | ₹146 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 3,800,000 shares (aggregating up to ₹55.48 Cr) |
| Fresh Issue | 3,800,000 shares (aggregating up to ₹55.48 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 194,000 shares Shreni Shares |
IPO Reservation #
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 194,000 (5.11%) |
| Other Shares Offered | 1,803,000 (47.45%) |
| Retail Shares Offered | 1,803,000 (47.45%) |
| Total Shares Offered | 3,800,000 (100%) |
IPO Timetable (Tentative) #
Bright Outdoor Media Limited IPO opens on Mar 14, 2023, and closes on Mar 17, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Tuesday, 14 March 2023 |
| Closing Date | Friday, 17 March 2023 |
| Basis of Allotment | Wednesday, 22 March 2023 |
| Initiation of Refunds | Thursday, 23 March 2023 |
| Credit of Shares to Demat | Friday, 24 March 2023 |
| Listing Date | Friday, 24 March 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mar 17, 2023 |
IPO Lot Size #
Bright Outdoor Media Limited 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 | |||
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 #
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 10,135.25 | 7,151.29 | 171.24 | 3,349.77 | 5,185.79 |
| 31-Mar-21 | 9,702.12 | 2,494.88 | 108.22 | 3,435.19 | 4,819.56 |
| 31-Mar-22 | 9,450.58 | 5,089.71 | 259.20 | 3,679.47 | 4,082.90 |
| 30-Sep-22 | 9,273.53 | 4,518.46 | 419.69 | 4,091.65 | 2,997.04 |
| Amount in ₹ Lakhs | |||||
Key Performance Indicator #
| KPI | Values |
|---|---|
| P/E (x) | 24.21 |
| Market Cap (₹ Cr.) | 203.36 |
Objects of the Issue #
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
- Prepayment/repayment of certain secured borrowings availed by our Company
- Purchase of LED Hoardings
- Funding working capital requirements
- General corporate purposes.
IPO Subscription Status (Bidding Detail) #
The Bright Outdoor Media Limited 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)
| Category | Subscription (times) |
|---|---|
| Other | 1.39 |
| Retail | 1.15 |
| Total | 1.27 |
Total Application : 2,139 (1.19 times)
IPO Prospectus #
- › Bright Outdoor Media IPO DRHP
- › Bright Outdoor Media IPO RHP
IPO Listing Details #
| Listing Date | Mar 24, 2023 |
| BSE Script Code | 543831 |
| NSE Symbol | |
| ISIN | INE0OMI01019 |
| Final Issue Price | ₹146 per share |
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…
Company Contact Information #
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/
IPO Registrar #
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
IPO Lead Manager(s) #
Frequently Asked Questions #
What is the IPO Date and Price for Bright Outdoor Media Limited? #
The Bright Outdoor Media Limited IPO opened on March 14, 2023, and closed on March 17, 2023. The IPO price was set at ₹146 per equity share.
When will Bright Outdoor Media Limited IPO be listed on the stock exchange? #
The Bright Outdoor Media Limited IPO is scheduled to be listed on the BSE SME on March 24, 2023.
What is the lot size for the Bright Outdoor Media IPO? #
The lot size for the Bright Outdoor Media IPO is 1000 shares.
What is the total issue size of the Bright Outdoor Media IPO? #
The Bright Outdoor Media IPO had a total issue size of 3,800,000 equity shares, aggregating up to ₹55.48 Crores.
How can retail investors apply for Bright Outdoor Media IPO shares? #
Retail investors could apply online for Bright Outdoor Media IPO shares through banks using the ASBA facility or through a broker using UPI.
What is the subscription status of the Bright Outdoor Media IPO? #
The Bright Outdoor Media IPO was oversubscribed by 1.27 times for the total issue size.
What is the basis of allotment for Bright Outdoor Media IPO? #
The basis of allotment for the Bright Outdoor Media IPO was finalized on March 22, 2023.
Can I check the Bright Outdoor Media IPO Allotment Status? #
The Bright Outdoor Media IPO Allotment Status can be checked by visiting the official website.
Who are the promoters of Bright Outdoor Media Limited? #
The promoters of Bright Outdoor Media Limited are Mr. Yogesh Jiwanlal Lakhani and Ms. Jagruti Yogesh Lakhani.
What are the objects of the Bright Outdoor Media IPO? #
The company proposes to utilize the net proceeds from the IPO for repayment/prepayment of certain borrowings, the purchase of LED hoardings, working capital, and general corporate purposes.
Please note that the information provided above is based on the data available as of today’s date, July 24, 2023. For the latest and most accurate information, please refer to the official sources and websites.
