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Bright Outdoor Media IPO is a book build IPO listing on BSE SME exchange. The company is based in Mumbai and caters to Advertising And Media sector. Shreni Shares is the merchant banker of Bright Outdoor Media IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 12th December 2022.
Bright Outdoor Media IPO open date is 14th March 2023 and close date is 17th March 2023. IPO Allotment Date is 22nd March 2023 and Listing date is 24th March 2023.Bright Outdoor Media IPO size is Rs 55.48 Cr. crores with IPO price of Rs 146.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Shreni Shares Limited is the book-running lead manager of the Bright Outdoor Media IPO. Bigshare Services Private Limited is the Registrar and Market Maker is Shreni Shares Limited for Bright Outdoor Media IPO.
Bright Outdoor Media IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Bright Outdoor Media IPO, based in Mumbai, operates in the Advertising And Media sector with a focus on Providing advertising services. The company is launching its SME IPO on the BSE SME exchange, using the Fixed Price Issue method. Bright Outdoor Media IPO size is ₹ 55.48 Cr. Crores with fresh issue size of Rs 55.48 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Bright Outdoor Media IPO is expected to be 22nd March 2023, after the finalization of basis of allotment. Investors can check Bright Outdoor Media IPO allotment status on the registrars website, Bigshare Services Private Limited. Bright Outdoor Media IPO refund dates are 23rd March 2023.
Bright Outdoor Media IPO is expected to be listed on 24th March 2023.
The upper price band for the Bright Outdoor Media IPO is set at ₹ 146.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Bright Outdoor Media IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Bright Outdoor Media IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 17th March 2023. After submission, funds are blocked until the basis of allotment of Bright Outdoor Media IPO is finalised.
The merchant banker for Bright Outdoor Media IPO is Shreni Shares Limited . Shreni Shares Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Bright Outdoor Media IPO RHP for further details.
The registrar for Bright Outdoor Media IPO is Bigshare Services Private Limited. Investors can go to Bigshare Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Bright Outdoor Media IPO through their official website or helpline.
Bright Outdoor Media IPO was subscribed 1.27 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 55.48 Cr.
Avg IPO Size (Sector Based)
:
₹ 24.70 Cr.
Sector: Advertising And Media
SME IPO so far:
23
Merchant Banker:
Shreni Shares
SME IPO by BRLM so far:
47
City:
Mumbai
SME IPO so far:
280
Revenue (annualised):
₹ 89.92 cr.
PE
Ratio:
24.21x
Average Sector PE Ratio: 16.89x
Bright Outdoor Media IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Bright Outdoor Media Financial Review Page
Merchant Banker(s) of Bright Outdoor Media IPO: Shreni Shares Limited
Bright Outdoor Media IPO subscription was 1.27 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Bright Outdoor Media IPO listed at a listing price of 150.00 against the offer price of 146.00.
The current market price of Bright Outdoor Media is 472.40.
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