Bright Outdoor Media was incorporated on September 29, 2005. The company is engaged in the business of providing advertising services
| Bidding Dates |
|---|
| 14 Mar 2023 - 17 Mar 2023 |
| Subscription |
|---|
| 1.27x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,46,000 | 1 | 1 | 1000 | 3.8 M | ₹146 | 72.72 % | ₹554.8 M | RHP DOC |
Bright Outdoor Media IPO SUBSCRIPTION STATUS
17 Mar '23Bright Outdoor Media IPO overall subscription rate was 1.27 times the total available shares
Bright Outdoor Media IPO retail subscription rate was 1.15 times in the retail segment
Bright Outdoor Media IPO non-institutional investor subscription rate was 1.39 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
17 Mar 2023 (Day 4) | 1.15x | 1.39x | - |
16 Mar 2023 (Day 3) | 0.19x | 0.96x | - |
15 Mar 2023 (Day 2) | 0.05x | 0.83x | - |
14 Mar 2023 (Day 1) | 0.01x | 0.27x | - |
Bright Outdoor Media FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| H1FY23 | 42.0 | 449.7 | 114.2 | 114.0 |
| FY22 | 25.9 | 504.6 | 114.7 | 114.4 |
| FY21 | 10.8 | 240.4 | 81.4 | 80.7 |
| FY20 | 17.1 | 705.5 | 10.0 | 7.5 |
Bright Outdoor Media IPO SUBSCRIPTION STATUS DETAILS
Bright Outdoor Media had 3.8 M shares on offer
Bright Outdoor Media IPO offer price was ₹146
Bright Outdoor Media IPO minimum Investment was ₹146000
Bright Outdoor Media IPO issue size was ₹ 554.8 M
Bright Outdoor Media had a minimum lot size of 1000 Shares per application
Bright Outdoor Media NUMBER OF SHARES ON OFFER
Bright Outdoor Media IPO IMPORTANT DATES
| Issue Open Date | 14 Mar 2023 |
| Issue close Date | 17 Mar 2023 |
| Allotment Date | 22 Mar 2023 |
| Refund Date | 23 Mar 2023 |
| Demat Account Credit Date | 24 Mar 2023 |
| Listing Date | 24 Mar 2023 |
| Listing on Exchange(s) | BSE |
| Bright Outdoor Media Allotment Status | Exchange |
Bright Outdoor Media IPO subscription opened on 14 Mar 2023, and closed on 17 Mar 2023
IPO allotment for Bright Outdoor Media was finalized on Wednesday, 22 Mar 2023
IPO listing for Bright Outdoor Media was on BSE on Friday, 24 Mar 2023
Bright Outdoor Media IPO LISTING GAINS
| Issue Price (adjusted) | 97.3 |
| Listing Open Price | 150.0 |
| Listing Close Price | 157.5 |
| Listing Gain% | 2.7% |
| Current Gain% | 273.0% |
Bright Outdoor Media Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bright Outdoor Media Ltd. | 363 | 505.6 | 32.9 | -1.7 | 3.3 | 13 | 10.9 | 155.4 | 21.4 | 24 | 26.1 | 11 | -19.5 |
| Media Matrix Worldwide Ltd. | 15.9 | 1797.7 | 252.9 | 2.5 | 1.2 | 8.7 | 2.4 | 1261.5 | -33.3 | 5.9 | 67.4 | 0.1 | 100.8 |
| Signpost India Ltd. | 267 | 1427.1 | 19.4 | 0.2 | 2.4 | 24.4 | 10.2 | 580.9 | 26.7 | 70.1 | 107.3 | 13.8 | 94.1 |
| Praveg Ltd. | 271.2 | 709.1 | -37.5 | 0.1 | 2.9 | -2.6 | -1.6 | 242.4 | 39 | -11.5 | -175.2 | -7.2 | -306.8 |
| R K Swamy Ltd. | 96 | 484.5 | 21.3 | 1.2 | 1.4 | 8.4 | 5.2 | 351.7 | 14.9 | 22.1 | 18.5 | 4.5 | 17.3 |
| Vertoz Ltd. | 35.3 | 300.9 | 11.6 | -3 | 1 | 11.2 | 6.2 | 296.5 | 13.1 | 26.1 | 0.3 | 3 | -3.8 |
Bright Outdoor Media INFORMATION ON IPO ISSUE
About Bright Outdoor Media
Bright Outdoor Media was incorporated on September 29, 2005. The company is engaged in the business of providing advertising services
Object of the Issue
- Prepayment/repayment of certain secured borrowings availed by the company
- Purchase of LED hoardings
- Funding working capital requirements
- General corporate purposes
Bright Outdoor Media - PROMOTERS
| Name |
|---|
| Yogesh Jiwanlal Lakhani |
| Jagruti Yogesh Lakhani |
Bright Outdoor Media Lead Manager of the Issue
Sherni Shares Private Limited
shrenishares@gmail.com
Bright Outdoor Media Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Bright Outdoor Media Strengths
Accreditation with various awards
The company has been included in the World Book of Records, 2022, for receiving 2,000 felicitations, 5,000 awards internationally and owing 1,000 clients in the field of the entertainment industry, corporate sector and FMCG for 33 years
Own inventory of hoardings
The company has its own inventory of hoardings. It installs hoardings at various locations depending on customers’ requirements
Repeat customers
The company endeavours to follow strict procedures to ensure quality control, timely delivery of the services and competitive prices, due to which it wins repeat business
Bright Outdoor Media Risks
Legal proceedings
The company is involved in certain legal proceedings which are pending at different levels of adjudication before various courts, tribunals, enquiry officers, and appellate authorities
Geographically concentrated
The company generates the majority of its sales from Maharashtra and any adverse developments affecting the operations in the region could have an adverse impact on its revenue
IPO FAQs
Bright Outdoor Media Ltd. IPO listing opened at Rs 150.00 while the issue price was Rs 146.00 giving 2.74% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 97.33 giving 272.96% gains since its IPO listing.
The promoters of the company are Yogesh Jiwanlal Lakhani and Jagruti Yogesh Lakhani.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 146.0 - 146.0.
The IPO application opens on Mar 14, 2023 and closes on Mar 17, 2023.
The minimum lot size for the IPO is 1000. The maximum lot size for the IPO is 1000.
For all category investors, the minimum application amount for this IPO is Rs. 146,000.0, the maximum value for this IPO is Rs 146,000.0.
This IPO will be allotted on Mar 22, 2023.
The refund will be credited to your account on Mar 23, 2023.
The allotted shares will be credited to your demat on Mar 24, 2023.
Bright Outdoor Media Ltd.’s shares listed on the stock exchanges on Mar 24, 2023.