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, jewelry, aviation, education, and government organizations are among their clients.
Bright Outdoor is a media company that specialises in advertising services such as Out of Home (OOH) media. Railway boards, railway panels, transfer stickers, cinema slides, full train and bus paints, bus panels, mobile sign trucks, kiosks, traffic booths, and other OOH hoarding services are available. Furthermore, they provide clients with new communication services to help them create greater impact with their creative needs, ideas, and budgets.
Bright Outdoor Media Ltd. IPO Objective
- The company proposes to utilise the fund to repay certain market borrowings.
- The net revenues of the IPO will be used to purchase LED hoardings and to fund working capital requirements.
Why should you invest in Bright Outdoor Media Ltd.?
You must look at these primary reasons to make your decision.
- A proven performance record since the company’s inception in 2005.
- They have received numerous important industry honours. Bright Outdoor Media was inducted into the World Book of Records for receiving a maximum of 2000 honours, 5000 awards, and 1000 clients in the entertainment industry.
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 |
Know before investing
Strengths
- They have their own inventory of hoardings, which they also sublet and bid through several tenders.
- Experienced promoters and senior management team.
- Having repeat customers is one of the company’s plus points.
Risks
- There are certain legal proceedings pending against the company.
- The sector is highly fragmented and lacks regulations.
- A significant shift in customer preferences may impact the company’s future revenue earnings.
Bright Outdoor Media Ltd. Noteworthy highlights
- The rapid expansion of infrastructure will drive the growth of the Indian advertising business even further. Bright Outdoor Media, as a member of the sector, aims to benefit from the segment’s expansion.
- The Indian outdoor advertising market is expected to grow at a rapid pace, which could help the company’s growth.
Bright Outdoor Media IPO FAQs:
Q1. What is Bright Outdoor Media Ltd. IPO?
Ans. Bright Outdoor Media Ltd. IPO shares will be available at a price of ₹146 per equity share. The total size of the IPO is ₹55.48 crore. It contains 3,800,000 equity shares at a face value of ₹10. The subscription window will remain open from March 14-17, 2023.
Q2. When will Bright Outdoor Media Ltd. IPO allotment available?
Ans. The basis of the allotment date is March 22, 2023.
Q3. What will be the Bright Outdoor Media Ltd. IPO lot size?
Ans. One lot of Bright Outdoor Media Ltd. IPO has 1000 shares.
Q4. When will Bright Outdoor Media Ltd. IPO open for subscription?
Ans. The IPO will open on March 14, 2023.
Q5. What minimum lot size can retail investors subscribe to?
Ans. Retail investors can apply for a minimum of one lot.
Q6. When will Bright Outdoor Media Ltd. list on exchanges?
Ans. The listing date of Bright Outdoor Media Ltd. on BSE SME is March 27, 2023.
Q7. What would be the listing gains on the Bright Outdoor Media Ltd. IPO?
Ans. 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.
Q8. I have finished the application process for Bright Outdoor Media Ltd. IPO, but the funds are not yet debited. What is the reason?
Ans. 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.
Q9. How to approve the UPI mandate request for Bright Outdoor Media Ltd. IPO?
Ans. Login to your UPI handle and approve the payment mandate to complete the IPO application process.
Q10. Can I submit more than one application for the public issue of Bright Outdoor Media Ltd. using one PAN?
Ans. You can submit only one application using one PAN card.
Q11. What is the minimum order quantity for Bright Outdoor Media Ltd. IPO?
Ans. The minimum size of the application will be one lot of 1000 shares.
