March 23, 2023
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Bright 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
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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 |
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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.
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