Bright Outdoor Media IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Mar 17, 2023Let’s have a detailed review of the company and analytics of the Bright Outdoor Media IPO release date, IPO offer price, subscription, Bright Outdoor Media Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 146 |
| Listing At | BSE, SME |
| Min. Order Quantity | 1000 Shares |
| Listing Date | Mar 27, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 5,548 Lakh |
| IPO Size | Rs 5,548 Lakh |
| Tick Size | 1 |
Bright Outdoor Media IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Bright Outdoor Media Share Price |
Bright Outdoor Media IPO – Summary
Their Company is engaged in the business of providing advertising services offering advertising media services consisting of Out of Home (OOH) media services.
Their array of service hoardings includes Railway boards, Railway panels, Transfer stickers, Cinema slides, Promos, full trains, Bus panels, Full Bus painting, Mobile sign trucks, Kiosks, Traffic booths, Toll Naka, Gantry and Vinyl. Apart from Out-of-Home (OOH) Advertising and providing various novel communication solutions to clients.
Their Company also offers services assuring multicultural and ethnic Outdoor Advertising campaigns that engage audiences and achieve impact, for every creative need, idea and budget.
The Promoter of this company is YOGESH JIWANLAL LAKHANI AND JAGRUTI YOGESH LAKHANI. The lead manager to the issue is SHRENI SHARES PRIVATE LIMITED, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Bright Outdoor Media IPO Date
The opening and closing dates of Bright Outdoor Media IPO are Mar 14, 2023, and Mar 17, 2023, respectively.
Bright Outdoor Media IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 14th Mar | 0.27x | 0.01x | 0.14x |
| 2nd Day – 15th Mar | 0.83x | 0.05x | 0.44x |
| 3rd Day – 16th Mar | 0.96x | 0.19x | 0.58x |
| 4th Day – 17th Mar | 1.39x | 1.15x | 1.27x |
| Shares Offered or Net Issue | 1,803,000 | 1,803,000 | 3,606,000 |
The shares subscribed by the public will be updated here.
Bright Outdoor Media IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Bright Outdoor Media Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Mar 22, 2023 |
| Refunds Initiation | Mar 23, 2023 |
| Credit of Shares to Demat Account | Mar 24, 2023 |
| Share Listing Date | Mar 27, 2023 |
Bright Outdoor Media IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.146
Bright Outdoor Media IPO Equity Size
This Initial Public Issue of 3,800,000 Equity Shares of Rs.10 each for cash at a price of Rs.146 per equity share aggregating to Rs.5,548 Lakh.
Bright Outdoor Media IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 3,800,000 Equity Shares of Rs.10/ each.
Issue Size: 3,800,000 Equity Shares of Rs.10 each, aggregating to Rs.5,548 Lakh
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Bright Outdoor Media IPO – Live Performance
The listing date of this IPO is Mar 27, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Bright Outdoor Media Share Price |
Bright Outdoor Media IPO Grey Market Premium
The Bright Outdoor Media Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Bright Outdoor Media IPO – Company Overview
Their client domain mainly includes corporate clients operating in various business fields viz. Entertainment Industries, Construction, Education, Jewellery, Insurance, Financial service providers, Aviation, Government Organizations etc., thus providing them exposure to serve clients working in various industries and widening their exposure.
Their Company has purchased the business of M/s. Bright Advertising Agency vides Business Purchase and Takeover Agreement dated April 01, 2007. The seller, M/s. Bright Advertising Agency has been carrying on the business of Outdoor Publicity and Advertisement.
Whereas, their Company has purchased the entire running business as going concerned with all rights, claims, interest in the business and assets of the said sole proprietorship concern.
Bright Outdoor Media IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |
| 31-Mar-20 | |
| Total Assets | 10598.07 |
| *Total Revenue | 8235.29 |
| Total Expense | 7939.10 |
| Profit After Tax | 220.58 |
Earnings per Equity Share (in Lakh)
| 31-Mar-20 | |
| Basic & Diluted | 1.93 |
Further, their PAT for the period ended on March 31, 2020, was Rs. 220.58 Lakh.
Bright Outdoor Media IPO – Promoters
The Promoter of this company is:
- YOGESH JIWANLAL LAKHANI
- JAGRUTI YOGESH LAKHANI
List of Related Parties (Key Managerial Personnel)
- Yogesh Jiwanlal Lakhani, Chairman and Managing Director
- Jagruti Yogesh Lakhani, Whole Time Director
- Ameet Kumar Vilaschandra Mehta, Non-Executive Independent Director
- Bhavesh Kirti Mathuria, Non-Executive Independent Director
- Roshan Suresh Oswal, Non-Executive Independent Director
Bright Outdoor Media IPO – Promoters Holding
- Pre-Issue Share Holding – 99.99%
- Post Issue Share Holding – 72.72%
Bright Outdoor Media IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 38,00,000 Equity Shares aggregating up to Rs.5,548.00 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 194,000 Equity Shares aggregating up to Rs.283.24 Lakh |
| Net Issue to the Public | Up to 36,06,000 Equity Shares aggregating up to Rs.5,264.76 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 18,03,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 18,03,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,01,28,780 Equity Shares |
| Equity Shares outstanding after the Issue | 1,39,28,780 Equity Shares |
Bright Outdoor Media IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Prepayment/repayment of certain secured borrowings availed by their Company
2. Purchase of LED Hoardings
3. Funding working capital requirements; and
4. General corporate purposes
Bright Outdoor Media IPO – Business Strategy
- Expansion of their existing service portfolio
- Enter into new geographies
- Continue to maintain good relationships with their customers.
- Invest in CRM, marketing and analytics to target consumers and drive sales.
- Brand Image.
Bright Outdoor Media IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Accreditation with various awards.
- Own Inventory of Hoardings.
- Experience of their Promoters and senior management team
- Customer Satisfaction
- Repeat Customers
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 2.56 | 7.04 | 36.33 |
| 31-Mar-21 | 1.07 | 3.15 | – |
| Mar-20 | 1.69 | 5.11 | – |
Bright Outdoor Media IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Bright Outdoor Media Limited | 10 | 57.03 | 2.56 | 7.04 | 8235.29 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Bright Outdoor Media IPO Lead Managers
| Lead Managers |
| SHRENI SHARES PRIVATE LIMITED Office No. 102, 1st Floor, Sea Lord CHS, Plot No. 1/B, 1/A, Survey No. A-12, Ram Nagar, Borivali (West), Mumbai- 400 092, Maharashtra, India. Telephone: +91-22-2808 8456 E-mail: shrenishares@gmail.com Investors Grievance e-mail: info@shreni.in Website: www.shreni.in Contact Person: Krunal Pipalia SEBI Registration Number: INM000012759 |
Bright Outdoor Media IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Office No S6-2, 6th floor Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai – 400 093, Maharashtra, India. Telephone: 022 – 6263 8200 | Fax No. 022 6263 8280 E-mail: ipo@bigshareonline.com Investor grievance e-mail: investor@bigshareonline.com Website: www.bigshareonline.com Contact Person: Babu Rapheal C SEBI Registration No.: INR000001385 |
Bright Outdoor Media IPO – Other Details
- Statutory Auditor – SNH & Associates, Chartered Accountants
- Legal Counsel to the Company – Asha Agarwal & Associates
- Bankers to the Company – The Cosmos Co-op Bank Limited
Bright Outdoor Media IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Bright Outdoor Media Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Bright Outdoor Media IPO Review FAQs
Check out various FAQs related to Bright Outdoor IPO:
What is the Issue Size of Bright Outdoor IPO?
The Company is making an initial public offer of 3,800,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Bright Outdoor IPO?
The price band for this particular IPO ranges between Rs 146. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Bright Outdoor IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Mar 14, 2023, while the closing date is set at Mar 17, 2023.
What is the Bright Outdoor IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on Mar 22, 2023, refund initiation is on Mar 23, 2023, credit of shares is on Mar 24, 2023, and share listing date is on Mar 27, 2023.
What is the Bright Outdoor IPO Listing Date?
Shares of this company shall be listed in the exchanges Mar 27, 2023. The date, when the listing would be done, is stagnant on Mar 27, 2023.
Who is the Registrar of Bright Outdoor IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Bright Outdoor IPO?
Here are the promoters of this IPO – YOGESH JIWANLAL LAKHANI AND JAGRUTI YOGESH LAKHANI. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Bright Outdoor IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Bright Outdoor IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Bright Outdoor Media Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2020 in Lakh is 220.58.
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