IPO Details

Bidding Dates

14 Mar '23 - 17 Mar '23

Minimum Investment

₹146,000 / 1 Lots ( 1000 Shares )

Price Range


Maximum Investment

₹146,000 / 1 Lots ( 1000 Shares )

Retail Discount

To be announced

Issue Size

₹55.48 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Non-Institutional Investors  |   Retail Individual Investors   |  

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Open Date

Mar 14, 2023

IPO Close Date

Mar 17, 2023

IPO Allotment Date

Mar 22, 2023

Initiation Of Refunds

Mar 23, 2023

Credit Of Shares To Demat Account

Mar 24, 2023

IPO Listing Date

Mar 27, 2023

IPO Subscription Details


Day 1Mar 14, 2023

0.27 0.01 0.14

Day 2Mar 15, 2023

0.83 0.05 0.44

Day 3Mar 16, 2023

0.96 0.19 0.58

Day 4Mar 17, 2023

1.39 1.15 1.27

IPO Subscription Status Live

Investor Category Subscription (Times)
Non-Institutional Buyers 1.39
Retail Investors 1.15
Total 1.27

About Company

Bright Outdoor is a media company specialising in offering advertising services consisting of Out of Home (OOH) media services. An array of OOH hoarding services includes railway boards, railway panels, transfer stickers, cinema slides, full train and bus paintings, bus panels, mobile sign trucks, kiosks, traffic booths etc. Besides, they offer novel communication services to clients to help them achieve better impact with creative needs, ideas, and budgets.

Their clientele includes Insurance, Financial service providers, Entertainment Industries, Construction, Jewellery, Aviation, Education, Government Organizations, etc. 

Bright Outdoor Media is also involved in the real estate business of buying, selling and renting properties on a licensing basis. 

Bright Outdoor Media Ltd. IPO Objective 

  • The company proposes to utilise the fund to repay certain market borrowings. 
  • Net proceeds from the IPO will be utilised to buy LED Hoardings and to finance 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 are the recipients of many prestigious industry awards. Bright Outdoor Media was included in the World Book for records for receiving a maximum number of 2000 felicitations, 5000 awards, and owning 1000 clients in the entertainment domain. 
  • They offer a diversified product portfolio of all types of Out of Home advertisements. 

Bright Outdoor Media Ltd. Noteworthy highlights 

  • The rapid development of infrastructure will further prompt the growth of the Indian advertising industry. Being a part of the sector, Bright Outdoor Media stands to gain from the growth in the segment.
  • The Indian outdoor advertising market is anticipated to grow at an impressive rate, which might boost the growth of the company.

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


  1. They have their own inventory of hoardings, which they also sublet and bid through several tenders.

  2. Experienced promoters and senior management team.

  3. Having repeat customers is one of the company’s plus points.


  1. There are certain legal proceedings pending against the company.

  2. The sector is highly fragmented and lacks regulations.

  3. A significant shift in customer preferences may impact the company’s future revenue earnings.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Bright Outdoor Media IPO FAQs

What is Bright Outdoor Media Ltd. IPO?

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.

When will Bright Outdoor Media Ltd. IPO allotment available?

The basis of the allotment date is March 22, 2023.

What will be the Bright Outdoor Media Ltd. IPO lot size?

One lot of Bright Outdoor Media Ltd. IPO has 1000 shares.

When will Bright Outdoor Media Ltd. IPO open for subscription?

The IPO will open on March 14, 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot.

When will Bright Outdoor Media Ltd. list on exchanges?

The listing date of Bright Outdoor Media Ltd. on BSE SME is March 27, 2023.

How to check the allotment status of Bright Outdoor Media Ltd. IPO?

You can check the allotment status of your IPO application from the Angel One app.

To check the allotment status, enter the application number, DP ID, and PAN number into the app. 

What would be the listing gains on the Bright Outdoor Media Ltd. IPO?

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.

I have finished the application process for Bright Outdoor Media Ltd. IPO, but the funds are not yet debited. What is the reason?

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.

How to approve the UPI mandate request for Bright Outdoor Media Ltd. IPO?

Login to your UPI handle and approve the payment mandate to complete the IPO application process.

Can I submit more than one application for the public issue of Bright Outdoor Media Ltd. using one PAN?

You can submit only one application using one PAN card.

What is the minimum order quantity for Bright Outdoor Media Ltd. IPO?

The minimum size of the application will be one lot of 1000 shares.