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Bright Outdoor Media IPO is a fixed price issue of Rs 55.48 crores. The issue is entirely a fresh issue of 38 lakh shares.
Bright Outdoor Media IPO bidding started from March 14, 2023 and ended on March 17, 2023. The allotment for Bright Outdoor Media IPO was finalized on Wednesday, March 22, 2023. The shares got listed on BSE SME on March 24, 2023.
Bright Outdoor Media IPO price is ₹146 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹146,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹292,000.
Shreni Shares Limited is the book running lead manager of the Bright Outdoor Media IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Bright Outdoor Media IPO is Shreni Shares.
Refer to Bright Outdoor Media IPO RHP for detailed information.
| IPO Date | March 14, 2023 to March 17, 2023 |
| Listing Date | March 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 |
| Share holding pre issue | 10,128,780 |
| Share holding post issue | 13,928,780 |
| Market Maker portion | 194,000 shares Shreni Shares |
Bright Outdoor Media IPO offers 3,800,000 shares. 1,803,000 (47.45%) to NII, 1,803,000 (47.45%) to RII.
| Investor Category | Shares Offered |
|---|---|
| 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%) |
Bright Outdoor Media IPO opens on March 14, 2023, and closes on March 17, 2023.
| IPO Open Date | Tuesday, March 14, 2023 |
| IPO Close Date | Friday, March 17, 2023 |
| Basis of Allotment | Wednesday, March 22, 2023 |
| Initiation of Refunds | Thursday, March 23, 2023 |
| Credit of Shares to Demat | Friday, March 24, 2023 |
| Listing Date | Friday, March 24, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 17, 2023 |
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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 | |||
Yogesh Jiwanlal Lakhani and Jagruti Yogesh Lakhani are the Promoters of the Company.
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 72.72% |
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.
The company has been included in the World Book of Records, 2022 for receiving 2000 felicitations, 5000 awards internationally and owing 1000 clients in the field of entertainment industry, corporate sector and FMCG for 33 years.
| 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 | |||||
The market capitalization of Bright Outdoor Media IPO is Rs 203.36 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 24.21 |
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
[Dilip Davda] BOML is in the business of OOH and other modes of advertising. After posting an average performance till FY22, it posted boosted profits for H1 of FY23 that raise eyebrows and concern over its sustainability. Based on the super earnings of FY23, the issue is aggressively priced. There is no harm in skipping this “High-Risk / Low-Return” pricey bet. Read detail review...
The Bright Outdoor Media IPO is subscribed 1.27 times on March 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)
| Listing Date | March 24, 2023 |
| BSE Script Code | 543831 |
| NSE Symbol | |
| ISIN | INE0OMI01019 |
| Final Issue Price | ₹146 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹146.00 |
| ₹150.00 |
| ₹150.00 |
| ₹157.50 |
| ₹157.50 |
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Bright Outdoor Media IPO is a SME IPO of 3,800,000 equity shares of the face value of ₹10 aggregating up to ₹55.48 Crores. The issue is priced at ₹146 per share. The minimum order quantity is 1000 Shares.
The IPO opens on March 14, 2023, and closes on March 17, 2023.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Bright Outdoor Media IPO using UPI as a payment gateway. Zerodha customers can apply in Bright Outdoor Media IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Bright Outdoor Media IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Bright Outdoor Media IPO opens on March 14, 2023 and closes on March 17, 2023.
Bright Outdoor Media IPO lot size is 1000 Shares, and the minimum amount required is ₹146,000.
You can apply in Bright Outdoor Media IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Bright Outdoor Media IPO will be done on Wednesday, March 22, 2023, and the allotted shares will be credited to your demat account by Friday, March 24, 2023. Check the Bright Outdoor Media IPO allotment status.
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