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.
Bright Outdoor Media IPO Details
Bright Outdoor Media IPO is a Fixed Price Issue. The IPO total issue size is Rs 55.48 Cr. The Bright Outdoor Media IPO price is ₹146 per share. The IPO will list on BSE SME.
| IPO Date | Mar 14, 2023 to Mar 17, 2023 |
| Listing Date | Mar 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 Reservation
Bright Outdoor Media IPO a total of 3,800,000 shares are offered. RII: 1,803,000 (47.45%), NII: 1,803,000 (47.45%).
| 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 Timetable (Tentative)
Bright Outdoor Media IPO opens on Mar 14, 2023, and closes on Mar 17, 2023.
| IPO Open Date | Tuesday, 14 March 2023 |
| IPO Close Date | Friday, 17 March 2023 |
| Basis of Allotment | Wednesday, 22 March 2023 |
| Initiation of Refunds | Thursday, 23 March 2023 |
| Credit of Shares to Demat | Friday, 24 March 2023 |
| Listing Date | Friday, 24 March 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mar 17, 2023 |
Bright Outdoor Media IPO Lot Size
The minimum lot size of this Bright Outdoor Media IPO is 1000 shares required is ₹146,000.
| 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 Promoter Holding
Yogesh Jiwanlal Lakhani and Jagruti Yogesh Lakhani are the Promoters of the Company.
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 72.72% |
Company Financials
| 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 | |||||
Key Performance Indicator
Bright Outdoor Media IPO Market Cap is Rs 203.36 Cr and P/E (x) is 24.21.
| KPI | Values |
|---|---|
| P/E (x) | 24.21 |
| Market Cap (₹ Cr.) | 203.36 |
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