Bright Outdoor Media IPO

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 nameBright Outdoor Media Limited
Company Website

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 date14 March 2023
IPO Closing17 March 2023
Basis of Allotment22 March 2023
Initiation Refund23 March 2023
Credit to Demat Account24 March 2023
Listing Date27 March 2023

IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹55.48 Cr – 3,800,000 shares
Fresh Issue₹55.48 Cr – 3,800,000 shares
Offer for saleNil
Face value₹10 per share
Offer price₹146 per share
Lot size1000 Shares
Retail Allocation50% of the Net Issue
Listing ExchangeBSE SME

IPO Lot Size

Retail (Min)11000₹146,000
Retail (Max)11000₹146,000
HNI (Min)22,000₹292,000

Reservation Details

QIB Shares OfferedNil
NII (HNI) Shares Offered50%
Retail Shares Offered50%

Financial Performance

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
(Amount in ₹ Lakhs)

Company Promoters

  • Yogesh Jiwanlal Lakhani
  • Jagruti Yogesh Lakhani

Promoter Holding

Pre Issue Share Holding99.99%
Post Issue Share Holding72.72%

Lead Manager(s)

  • Shreni Shres Pvt Ltd

IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

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

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

Leave a Comment

Your email address will not be published. Required fields are marked *