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IPO Synopsis

Bright Outdoor Media Ltd
Registered Office: 801 8th Floor Crescent Tower,Nr.MoryaHouseFame InfinityMall , Mumbai - 400053 , Maharashtra , India.
Phone : 91-22-6714 0000   Fax:
Email :  
Website :
Initial public offering of 38,00,000 equity shares of face value of (Rs)10/- each ("Equity Shares") of Bright Outdoor Media Limited ("Bright" or "The Company" or "The Issuer") for cash at a price of (Rs)146/- per equity share (including a premium of (Rs)136/- per equity share) ("Issue Price") aggregating to (Rs)55.48 crores ("The Issue") of which 1,94,000 equity shares aggregating to (Rs)2.83 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 36,06,000 equity shares of face value of (Rs)10/- each at an issue price of (Rs)146/- per equity share aggregating to (Rs)52.65 crores ("Net Issue"). The issue and the net issue will constitute 27.28% and 25.89% of the post-issue paid-up equity share capital of the company. The face value of the equity shares is (Rs)10.00 each and the issue price is 14.60 times of the face value. Minimum application size of 1000 equity shares and in multiples of 1000 equity shares thereafter.

Issue Money Payable On
Opens On Closes On Application Allotment
14-Mar-23 17-Mar-23 (Rs)146.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :1000  Further Multiples of :1000

  (Rs Cr) Lead Managers to the Issue
Project Cost 54.87 Shreni Shares Pvt Ltd
Project Financed through Current Offer 55.48  
Post Issue Equity Share Capital 13.93  
Issue Price (Rs)146.00  
Prepayment/repayment of certain secured borrowings availed by the company Funding working capital requirements
Purchase of LED Hoardings General corporate purposes
Promoted By
Yogesh Jiwanlal Lakhani  
Jagruti Yogesh Lakhani  
Listing At
Registrar to the Issue
No Data Found.

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