Bright Outdoor Media IPO will open for subscription from 14 March 2023. the company aims for an issue size of ₹55.48 Cr through this IPO.
About Company
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. This allows plenty of exposure to serve clients working in diverse industries and widen their experience.
Basic details about the company
| Full name | Bright Outdoor Media Limited |
| Sector | Miscellaneous |
| Industry | Miscellaneous |
| Company Website | https://brightoutdoor.com/ |
The objective of the Issue
- Prepayment/repayment of certain secured borrowings availed by our Company
- Purchase of LED Hoardings
- Funding working capital requirements
- General corporate purposes.
IPO Timetable
| IPO Opening date | 14 March 2023 |
| IPO Closing | 17 March 2023 |
| Basis of Allotment | 22 March 2023 |
| Initiation Refund | 23 March 2023 |
| Credit to Demat Account | 24 March 2023 |
| Listing Date | 27 March 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹55.48 Cr – 3,800,000 shares |
| Fresh Issue | ₹55.48 Cr – 3,800,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer price | ₹146 per share |
| Lot size | 1000 Shares |
| Retail Allocation | 50% of the Net Issue |
| Listing Exchange | BSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹146,000 |
| Retail (Max) | 1 | 1000 | ₹146,000 |
| HNI (Min) | 2 | 2,000 | ₹292,000 |
Reservation Details
| QIB Shares Offered | Nil |
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Financial Performance
| 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 |
Company Promoters
- Yogesh Jiwanlal Lakhani
- Jagruti Yogesh Lakhani
Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 72.72% |
Lead Manager(s)
- Shreni Shres Pvt Ltd
IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
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/
Allotment Status
Final thoughts
Bright Outdoor Media IPO is going to hit Dalal street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
