IPO Details
Bidding Dates
14 Mar '23 - 17 Mar '23
Minimum Investment
₹146,000 / 1 Lots ( 1000 Shares )
Price Range
₹146
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
| Date | NII | Retail | Total |
|---|---|---|---|
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
Strengths
3-
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
3-
There are certain legal proceedings pending against the company.
-
The sector is highly fragmented and lacks regulations.
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A significant shift in customer preferences may impact the company’s future revenue earnings.
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Bright Outdoor Media IPO FAQs
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.
The basis of the allotment date is March 22, 2023.
One lot of Bright Outdoor Media Ltd. IPO has 1000 shares.
The IPO will open on March 14, 2023.
Retail investors can apply for a minimum of one lot.
The listing date of Bright Outdoor Media Ltd. on BSE SME is March 27, 2023.
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.
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.
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.
Login to your UPI handle and approve the payment mandate to complete the IPO application process.
You can submit only one application using one PAN card.
The minimum size of the application will be one lot of 1000 shares.
