Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Bright Outdoor Media IPO is a fixed price issue of ₹55.48 crores. The issue is entirely a fresh issue of 0.38 crore shares of ₹55.48 crore.
Bright Outdoor Media IPO bidding started from Mar 14, 2023 and ended on Mar 17, 2023. The allotment for Bright Outdoor Media IPO was finalized on Mar 22, 2023. The shares got listed on BSE SME on Mar 24, 2023.
Bright Outdoor Media IPO price is ₹146.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹1,46,000 (1000 shares). The minimum lot size investment for HNI is 2 lots (2,000 shares), amounting to ₹2,92,000.
Shreni Shares Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Shreni Shares Ltd..
Refer to Bright Outdoor Media IPO RHP for detailed Information.
| IPO Date | March 14, 2023 to March 17, 2023 |
| Listing Date | March 24, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹146 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 38,00,000 shares (aggregating up to ₹55.48 Cr) |
| Reserved for Market Maker | 1,94,000 shares Shreni Shares Ltd. (aggregating up to ₹2.83 Cr) |
| Net Offered to Public | 36,06,000 shares (aggregating up to ₹52.65 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,01,28,780 shares |
| Share Holding Post Issue | 1,39,28,780 shares |
Bright Outdoor Media IPO offers total 38,00,000 shares. Out of which 18,03,000 (47.45%) allocated to NII, 18,03,000 (47.45%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,94,000 (5.11%) |
| NII (HNI) Shares Offered | 18,03,000 (47.45%) |
| Retail Shares Offered | 18,03,000 (47.45%) |
| Total Shares Offered | 38,00,000 (100.00%) |
Bright Outdoor Media IPO opens on March 14, 2023, and closes on March 17, 2023.
| IPO Open Date | Tue, Mar 14, 2023 |
| IPO Close Date | Fri, Mar 17, 2023 |
| Tentative Allotment | Wed, Mar 22, 2023 |
| Initiation of Refunds | Thu, Mar 23, 2023 |
| Credit of Shares to Demat | Fri, Mar 24, 2023 |
| Tentative Listing Date | Fri, Mar 24, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Mar 17, 2023 |
Investors can bid for a minimum of 1,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,46,000 |
| Retail (Max) | 1 | 1,000 | ₹1,46,000 |
| HNI (Min) | 2 | 2,000 | ₹2,92,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| 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 | |||||
The market capitalization of Bright Outdoor Media IPO is ₹203.36 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 24.21 |
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
[Dilip Davda] BOML is in the business of OOH and other modes of advertising. After posting an average performance till FY22, it posted boosted profits for H1 of FY23 that raise eyebrows and concern over its sustainability. Based on the super earnings of FY23, the issue is aggressively priced. There is no harm in skipping this “High-Risk / Low-Return” pricey bet. Read detail review...
| Listing Date | March 24, 2023 |
| BSE Script Code | 543831 |
| NSE Symbol | |
| ISIN | INE0OMI01019 |
| Final Issue Price | ₹146 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹146.00 |
| Open | ₹150.00 |
| Low | ₹150.00 |
| High | ₹157.50 |
| Last Trade | ₹157.50 |
Bright Outdoor Media Ltd.
801, 8th Floor, Crescent Tower, Near Morya House,
Fame Infinity Mall, Off New Link Road,
Andheri (West), Mumbai 400 053
Andheri, Maharashtra
Phone: 022 – 6714 0000
Email: investor@brightoutdoor.com
Website: http://www.brightoutdoor.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Bright Outdoor Media IPO is a SME IPO of 38,00,000 equity shares of the face value of ₹10 aggregating up to ₹55.48 Crores. The issue is priced at ₹146 per share. The minimum order quantity is 1000.
The IPO opens on March 14, 2023, and closes on March 17, 2023.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Bright Outdoor Media IPO using UPI as a payment gateway. Zerodha customers can apply in Bright Outdoor Media IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Bright Outdoor Media IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Bright Outdoor Media IPO opens on March 14, 2023 and closes on March 17, 2023.
Bright Outdoor Media IPO lot size is 1000, and the minimum amount required for application is ₹1,46,000.
You can apply in Bright Outdoor Media IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Bright Outdoor Media IPO will be done on Wednesday, March 22, 2023, and the allotted shares will be credited to your demat account by Friday, March 24, 2023. Check the Bright Outdoor Media IPO allotment status.
The Bright Outdoor Media IPO listing date is on Friday, March 24, 2023.
Useful Articles
RHP