Bright Outdoor Media Limited IPO is set to launch on 14 March, 2023. The company initiated its business operations in 2005. It is involved in providing advertising services through out of home media services.
The advertising services are provided to customers across different kinds of medium by Bright outdoors Media Limited. They are Railway Boards, Transfer Stickers, Full Train, Railway Panels, Full Bus Painting, Bus Panels, Kiosks, Mobile Sign Trucks, Toll Plaza, Cinema Slides, Traffic Booths, Gantry and Vinyl. It also offers ethnic and multicultural outdoor advertising campaigns for building creative advertisements.
It works majorly into Insurance, Entertainment Industry, Financial Service Providers, Construction, Aviation, Jewellery, Govt. organisation etc.
The company has a special mention in the World Book of Records for receiving 5000 awards internationally, 2000 felicitations and owing 1000 clients in the film industry, corporate sector and FMCG sector for over 33 years.
Bright Outdoor Media Limited IPO DETAILS
Bright Outdoor Media Limited IPO is set to launch on 14 March., 2023. The subscription timeline extends till 17 March, 2023. The size for the IPO is 55.48 Crore Rs. Shares issued through fresh issue mode are worth 55.48 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 1000 shares and the price is 146 Rs per share. The company is going to get listed at BSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is BigShare Services Private Limited.
Tabular Description of Bright Outdoor Media Limited IPO
| IPO OPENING DATE | 14 March., 2023 |
| CLOSING DATE FOR IPO | 17 March, 2023 |
| ISSUE TYPE | Fixed Price Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 146 Rs per share |
| LOT SIZE | 1000 shares |
| MINIMUM ORDER QUANTITY | 1000 shares |
| ISSUE SIZE | 55.48 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode. |
| FRESH ISSUE | 55.48 Crore Rs. |
| LISTING AT | BSE SME |
| LISTING DATE | 27 March, 2023 |
Bright Outdoor Media Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 14 March., 2023 |
| CLOSING DATE FOR IPO | 17 March., 2023 |
| IPO ALLOTMENT DATE | 22 March, 2023 |
| REFUNDS | 23 March, 2023 |
| DEMAT A/C CREDITED ON | 24 March, 2023 |
| IPO LISTING DATE | 27 March, 2023 |
Bright Outdoor Media Limited IPO begins for subscription from 14 March., 2023. The IPO subscription would continue till 17 March, 2023. The allotment status for the shareholders who applied would come on 22 March, 2023. The refunds for the ones who did not get allotment would be initiated on 23 March, 2023. The DEMAT accounts of shareholders would be credited on 24 March, 2023. The listing of the company would be accompanied on 27 March, 2023.
Bright Outdoor Media Limited IPO : Lead Managers
The lead managers are :
- SHRENI Shares Private Limited
The minimum lot size for the company is decided at 1000 shares. This holding accounts to 146000 Rs.. The maximum lot size is decided at 2000 shares (HNI). This amounts to 292000 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 1000 shares | 146000 Rs. |
| Maximum | 2000 shares | 292000 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The money raised will be also utilised for the working capital requirements for film production.
- For expansion the company is planning to purchase more LED hoardings which will be done through the IPO money.
- For paying out the secured borrowings of the company.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2019-20 | 2020-21 | 2021-22 |
| ASSETS | 10135 | 9702 | 9450 |
| Revenue | 7151 | 2494 | 5089 |
| PAT | 171 | 108 | 259 |
Bright Outdoor Media Limited had an asset base of 10135 Lakh Rs in 2020 which decreased to 9702 Lakh Rs in 2021 and 9450 Lakh Rs in 2022. The revenue of the firm was 7151 Lakh Rs in 2020 which decreased to 2494 Lakh Rs in 2021 and 5089 Lakh rs in 2022. The profit of the company was 171 Lakh Rs in 2020 which decreased to 108 Lakh Rs in 2021 but in 2022 the company made the highest profit of 259 Lakh Rs among the last three years data.
PROS
- The advertising services are provided to customers across different kinds of medium by Bright outdoors Media Limited. They are Railway Boards, Transfer Stickers, Full Train, Railway Panels, Full Bus Painting, Bus Panels, Kiosks, Mobile Sign Trucks, Toll Plaza, Cinema Slides, Traffic Booths, Gantry and Vinyl.
- Bright Outdoor Media Limited has a special mention in the World Book of Records for receiving more than 5000 awards internationally. It has 2000 felicitations and has more than 1000 clients in the film industry, corporate sector and FMCG sector for over 33 years.
CONS
- The financials of the company are not consistent.
Bright Outdoor Media Limited IPO APPLICATION PROCESS WITH ZERODHA
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform.
- Clicking the IPO link present in the Portfolio section.
- Click the Bright Outdoor Media Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
