Bright Outdoor Media Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

14 Mar 2023

Close Date

17 Mar 2023

Allotment

22 Mar 2023

Listing Date

24 Mar 2023

Exchange

BSE SME

Price Band

₹146

Listing Price

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Allotment Status

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Price Band

₹146

Per share

Face Value

₹10 per share

Lot Size

1,000 Shares

per lot

Issue Size

38,00,000 shares (aggregating up to ₹55.48 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹146,000

1 lot

Pre-IPO Holding

1,01,28,780 shares

Promoters

Post-IPO Holding

1,39,28,780 shares

Promoters

P/E (Pre)

24.21x

UPI Deadline

2023-03-17

Mandate

Anchor AllotmentMon, 13 Mar 2023

Basis of AllotmentWed, 22 Mar 2023

Refund InitiationThu, 23 Mar 2023

Demat CreditFri, 24 Mar 2023

Listing DayFri, 24 Mar 2023

UPI Mandate Deadline2023-03-17

Sale TypeFresh Capital

Net Offer to Public36,06,000 shares (aggregating up to ₹52.65 Cr)

Market Maker Quota1,94,000 shares (aggregating up to ₹2.83 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Bright Outdoor Media Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 17 Mar 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	194,000	—	₹2.83
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	3,800,000	100%	₹55.48

IPO Shares Offered

Bright Outdoor Media Ltd. IPO total issue size: ₹55.48 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	194,000	₹2.83	5.11%
Total	3,800,000	₹55.48	100.00%

* Based on upper price band ₹146 per share

Lot Size & Investment

Lot Size

1,000

Shares per Lot

Issue Price

₹146.00

Upper Band

Min Investment

₹146,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	2,000	₹292,000
Retail (Max — 13 Lots)	13	13,000	₹1,898,000
S-HNI (Min — 14 Lots)	14	14,000	₹2,044,000
B-HNI (Min — 68 Lots)	68	68,000	₹9,928,000

* Issue Price ₹146 × Lot Size 1,000 shares

IPO Schedule

Anchor

13 Mar 2023

✓ Done

IPO Open

14 Mar 2023

✓ Done

IPO Close

17 Mar 2023

✓ Done

Allotment

22 Mar 2023

✓ Done

Refunds

23 Mar 2023

✓ Done

Demat Credit

24 Mar 2023

✓ Done

Listing Day

24 Mar 2023

✓ Done

₹146.00

INR · BSE

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Issue ₹146.00 Live Price

About Bright Outdoor Media Ltd.

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.

Objects of the Issue

Prepayment/repayment of certain secured borrowings availed by our Company

Purchase of LED Hoardings

Funding working capital requirements; and

General corporate purpose

Bright Outdoor Media Ltd. Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹2,494.9

31-Mar-21

₹5,089.7

31-Mar-22

₹4,518.5

30-Sep-22

Profit After Tax (PAT)

₹108.2

31-Mar-21

₹259.2

31-Mar-22

₹419.7

30-Sep-22

Particulars	30-Sep-22	31-Mar-22	31-Mar-21
Revenue from Operations	4518.46	5089.71	2494.88
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	419.69	259.20	108.22
Net Worth	4091.65	3679.47	3435.19
Total Assets	9273.53	9450.58	9702.12
Reserves & Surplus	N/A	N/A	N/A
Borrowings	2997.04	4082.90	4819.56
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered38,00,000 (100.00%)

Net Offer to Public36,06,000 shares (aggregating up to ₹52.65 Cr)

Reserved for Market Maker1,94,000 shares (aggregating up to ₹2.83 Cr)

Pre-Issue Promoter Holding1,01,28,780 shares

Post-Issue Promoter Holding1,39,28,780 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

Check Allotment

Book Running Lead Managers

Shreni Shares Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Bright Outdoor Media Ltd. IPO subscribed? ▲

Bright Outdoor Media Ltd. IPO is subscribed 1.00 times by Mar 17, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Bright Outdoor Media Ltd. IPO retail subscription status? ▼

The Bright Outdoor Media Ltd. IPO retail category is subscribed 1.00 times as of 17 Mar 2023. The retail portion is oversubscribed.

How to subscribe Bright Outdoor Media Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 14 Mar 2023 and closes 17 Mar 2023. Min investment: ₹146,000 (1 lot = 1,000 shares). UPI mandate: 2023-03-17.

How many times Bright Outdoor Media Ltd. IPO subscribed? ▼

The Bright Outdoor Media Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Bright Outdoor Media Ltd. IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 22 Mar 2023. Refunds: on 23 Mar 2023.

When Bright Outdoor Media Ltd. IPO will be listed? ▼

The Bright Outdoor Media Ltd. IPO listing date is 24 Mar 2023, Friday. Listed on: BSE SME. Issue price: ₹146. Estimated listing: ₹146. GMP: NIL.

When Bright Outdoor Media Ltd. IPO close? ▼

The Bright Outdoor Media Ltd. IPO closes on 17 Mar 2023, Friday. UPI mandate: 2023-03-17. Allotment: 22 Mar 2023. Listing: 24 Mar 2023.

Quick Actions

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Live Price LIVE

Last Price₹146.00

Change—

Issue Price₹146.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹146

Face Value₹10

Lot Size1,000 Sh

Min. Amount₹146,000

GMPNIL

Est. Listing₹146

Subscribed1.00x

Open Date14 Mar 2023

Close Date17 Mar 2023

Allotment22 Mar 2023

Listing Date24 Mar 2023

ExchangeBSE SME

UPI Deadline2023-03-17