The Bright Outdoor Media date has been confirmed from March 14 and ended on March 17
Bright Outdoor Media is also a licensed real estate broker, buying, selling, and renting out properties. Insurance companies, financial service providers, the entertainment industry, construction, jewellery, aviation, education, and government organizations are among their clients.
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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
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.
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
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 |
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 commenced business in 1980 as an outdoor media company. Today, it is one of the leading Out of Home (OOH) media organizations in India, spreading its footprint rapidly across the country. Its medium is cost-effective and long-lasting and delivers the reach and the frequency. In unison with the seismic changes we’re witnessing across the media, marketing and communications world, out-of-home is also transforming at pace and is presenting many new and exciting opportunities. In this context and building on nearly 40 years of experience as the leading OOH asset management company in India, BRIGHT has market-leading technology and customer offerings supported and delivered by a diverse and expert team.
We have the leading technology platform, the best planning tools, the most vital data and analytics capabilities, the broadest and most diversified view of the out-of-home channel and, most importantly, the best people. We enable brands to easily navigate the complex, location-based marketing landscape, develop dynamic and integrated communications, and build rewarding customer relationships.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | https://ipo.bigshareonline.com/ipo_status.html |
Contact Details
| Name | Bright Outdoor Media Limited |
| Phone number | 022 – 6714 0000 |
| Email ID | investor@brightoutdoor.com |
| Website | http://www.brightoutdoor.com/ |
IPO Strenghts
- 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.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
