Bright Outdoor Media IPO Particulars & guidanceBright Outdoor Media IPO Particulars & guidance at Chanakyanipothi.com,
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    Bright Outdoor Media IPO Guidance:
    Bright Outdoor is a strong brand in Mumbai’s Outdoor publicity. IPO size is very large, and the shares are offered at high PE ratio. May not bring listing gains. 

     

    Bright Outdoor Media IPO Grey Market updates 
    Prior to listing
    GMP:  Discount 
    Subject to: NIL

    Bright Outdoor Media IPO Subscription Status
    On 17 March 2023 @ 5.00 (Day 4)
    NII:        1803000  Shares,  1.39T
    RII:        1803000  Shares,  1.15T
    Total:    3606000   Shares   1.27T

    Bright Outdoor Media IPO Particulars & guidance: Company Details

    The Company is engaged in the business of providing advertising services offering advertising media services consisting of Out of Home (OOH) media services. Its array of service hoardings includes Railway boards, Railway panels, Transfer stickers, Cinema slides, Promos, full train, Bus panels, Full Bus painting, Mobile sign truck, Kiosks, Traffic Booth, Toll Naka, Gantry and Vinyl. Apart from Out-of- Home (OOH) Advertising and providing various novel communication solutions to clients, the Company also offers services assuring multicultural and ethnic Outdoor Advertising campaigns that engage audiences and achieve impact, for every creative need, idea and budget.

    Apart from business of providing advertising services, the Company is also engaged in real estate business which mainly includes sale and purchase of properties and also sharing the same on rental/leave and license basis.
    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.

    For more information about the company, Click www.brightoutdoor.com

    Bright Outdoor Media IPO Details
    IPO opens on Tentative  14 March 2023
    IPO closes on   17 March 2023
    Issue Type Book Built Issue IPO
    Issue Size 3800000 Sh /Rs 55.48 Cr
    * Fresh Issue 3800000 Sh /Rs 55.48 Cr
    * Offer for Sale  – Sh /Rs – Cr
       
    Face Value per share: Rs. 10
       
    Price Band Rs.146
    Employee discount  Rs. 0 per share
    Retail Lot Size  1000 Shares
    Listing will at  BSE Sme
    Shares offered to
      Shares Rs. (Cr)
    QIB (0 %) 
    NII (50 %)  1803000 26.33
    RII (50 %) 1803000 26.32
    Total Shares  3606000 52.65
    Retail portion will be oversubscribed by  1803
    Forms
    How much Shares to Apply?
    Min Retail Application 1000 Sh Rs. 146000
    Max Retail Application  2000 Sh Rs. 292000

    Promoters of the IPO
    YOGESH JIWANLAL LAKHANI AND JAGRUTI YOGESH LAKHANI

    Objects of the IPO:
    The Company proposes to utilize the Net Proceeds from the Issue towards
    1.Prepayment/repayment of certain secured borrowings availed by the Company
    2.Purchase of LED Hoardings
    3.Funding working capital requirements

    IPO Tentative timetable
    IPO opens on 14   March 2023
    IPO Closes on 17   March 2023
    IPO Allotment on  22  March 2023
    Unblocking of ASBA  23  March 2023
    Credit of Shares 24  March 2023
    Listing on 27  March 2023
    Registered Office of the Company
    801, 8th Floor, Crescent Tower, Near
    Morya House, Fame Infinity Mall, Off
    New Link Road, Andheri (West),
    Mumbai 400 053, Maharashtra, India
    IPO Lead Managers 
    Shreni Shares Private Limited
    Registrar to the IPO
    BIGSHARE SERVICES PRIVATE LIMITED
    IPO Financial & Analytical Ratios
    Year Total Income Net Profit EPS RoNW
      Rs.in Cr Rs.in Cr Rs. %
    2019-20 71.51 1.71 1.69 5.11
    2020-21 24.95 1.08 1.07 3.15
    2021-22  50.90 2.59 2.56 7.04
    Book Value of the Share on 31.03.2022 Rs36.33    
    Book Value of the Share after the IPO Rs.68.77    
    Offer Price   Rs. 146    
    Ratio Analysis
    Upper Price/last EPS 57.03
    Upper price/BV Ratio 4.02
    Upper price/BV after IPO  2.12

    Bright Outdoor Media IPO Particulars & guidance: Peer Comparison:
    There are no listed Companies in India which are focused exclusively on the segment in which it operates.

     

    # This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

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