The Bright Outdoor Media date has been confirmed as March 14, ending on March 17. Read the post to learn about Bright Outdoor Media IPO GMP.
Bright Outdoor Media is a certified real estate broker who buys, sells, and rents real estate. Its clientele includes government agencies, insurance firms, financial service providers, the entertainment sector, buildings, jewellery, and the aviation and educational industries.
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Key Details Of Bright Outdoor Media IPO:
Bidding Dates
March 14 – 17
Price Range
₹146 per share
Face Value
₹10 per share
GMP
₹-4
Bright Outdoor Media GMP
The Bright Outdoor Media IPO GMP is ₹[-4].
IPO Overview
The Bright Outdoor Media IPO is a fixed-price offering of Rs 55.48 crore. The issuance is wholly new, totalling 38 lakh shares.
The IPO bidding for Bright Outdoor Media began on March 14, 2023, and concluded on March 17, 2023. The Bright Outdoor Media IPO allotment was completed on Wednesday, March 22, 2023. The shares were listed on March 24, 2023, on BSE SME.
Bright Outdoor Media’s IPO price is ₹146 per share. The minimum lot size for an application is 1000 shares. The lowest possible investment for retail investors is ₹146,000. The minimum investment for HNI is 2 lots (2,000 shares) worth ₹292,000.
Bright Outdoor Media IPO Date & Price Band Details
| 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 |
| Market Maker portion | 194,000 shares |
Bright Outdoor Media IPO Market Lot
A minimum of 1000 shares, as well as multiples of that number, are up for bid. The table below shows the minimum and maximum shares and the amount of investments made by HNIs and retail investors.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1000 | ₹146,000 |
| Retail (Max) | 1 | 1000 | ₹146,000 |
| HNI (Min) | 2 | 2,000 | ₹292,000 |
Bright Outdoor Media IPO Allotment & Listing Dates
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 |
Bright Outdoor Media Company Financial Report
| 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 |
Bright Outdoor Media Company Financials
| Particulars | Period ending on September 30, 2022 (₹ lakh) | Year ending on March 31, 2022 (₹ lakh) | Year ending on March 31, 2021 (₹ lakh) |
| Revenue from Operation | 4496.55 | 5046.12 | 2403.66 |
| Profit After Tax (PAT) | 419.69 | 259.20 | 108.22 |
| EBITDA | 710.32 | 699.50 | 562.96 |
| EPS | 2.56 | 1.07 | 1.69 |
| Period Ended | On March 31, 2022 | On March 31, 2021 | On March 31, 2020 |
| Current Ratio | 2.18 | 2.33 | 2.30 |
Company Profile
Bright began operations in 1980 as an outdoor media company. Today, it is one of India’s significant Out of Home (OOH) media businesses, with a fast-expanding nationwide footprint. Its medium is low-cost, long-lasting, and provides both reach and frequency. Out-of-home is altering rapidly, mirroring the seismic changes we’re seeing in the media, marketing, and communications industries, and it’s bringing many new and exciting opportunities. In this environment, relying on nearly 40 years of experience as India’s premier OOH asset
management firm, BRIGHT offers market-leading technology and customer offerings supported and delivered by a diverse and professional staff. Our platform is the greatest in technology, planning tools, critical data and analytics capabilities, the most expansive and varied perspective on the out-of-home channel, and most importantly, the best personnel. We give brands the tools they need to create dynamic, integrated communications, forge fruitful customer connections, and effortlessly traverse the challenging terrain of location-based marketing.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | https://ipo.bigshareonline.com/ipo_status.html |
Contact Details
| Name | Bright Outdoor Media Limited |
| Phone number | 022 – 6714 0000 |
| Email ID | [email protected] |
| Website | http://www.brightoutdoor.com/ |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- We need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Bright Outdoor Media FAQs
When will Bright Outdoor Media Ltd. IPO allotment available?
The basis of the allotment date is March 22, 2023.
What will be the Bright Outdoor Media Ltd. IPO lot size?
One lot of Bright Outdoor Media Ltd. IPO has 1000 shares.
When will Bright Outdoor Media Ltd. IPO open for subscription?
The IPO will open on March 14, 2023.
What minimum lot size can retail investors subscribe to?
Retail investors can apply for a minimum of one lot.
When will Bright Outdoor Media Ltd. list on exchanges?
The listing date of Bright Outdoor Media Ltd. on BSE SME is March 27, 2023.
What would be the listing gains on the Bright Outdoor Media Ltd. IPO?
Listing gain refers to the difference of the IPO’s opening and offer prices. The listing gain is influenced by changing investors’ interests, global parameters, and short vs long-term outlooks.
I have finished the application process for Bright Outdoor Media Ltd. IPO, but the funds are not yet debited. What is the reason?
The bank initially blocks the amount you bid for an IPO. It will debit the money when the shares are allotted or unblock the amount after the UPI mandate expiry date.
How to approve the UPI mandate request for Bright Outdoor Media Ltd. IPO?
Login to your UPI handle and approve the payment mandate to complete the IPO application process.
Can I submit more than one application for the public issue of Bright Outdoor Media Ltd. using one PAN?
You can submit only one application using one PAN card.
What is the minimum order quantity for Bright Outdoor Media Ltd. IPO?
The minimum size of the application will be one lot of 1000 shares.
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