Bright Outdoor Media IPO GMP, Share Price, Lot Size, Allotment


Bright Outdoor Media IPO GMP

You Will find all the details you require on this page regarding Bright Outdoor Media IPO GMP, Share Price, Lot Size, Allotment and many related things.

Bright Outdoor Media IPO GMP

The date for Bright Outdoor Media’s initial public offering (IPO) has been set: March 14, 2023, and the close date is March 171,2023. Bright Outdoor Media IPO GMP is a BSE SME seeking 55.48 crores in funding. The price range for the Bright Outdoor Media IPO is 146, with a market lot of 1000 shares.

Bright Outdoor Media IPO GMP

This business was established in 2005. This company’s line of business is the provision of advertising services, including media services for out-of-home (OOH) advertising. Bright Outdoor Media Ltd is one of the top Out of Home (OOH) media companies in India and a provider of advertising services. They are India’s top OOH asset management business, with almost 40 years of expertise. They are India’s leading OOH asset management business, with nearly 40 years of expertise. 

This corporation also works in the real estate industry, which mainly comprises the buying, selling, and sharing properties on a rental, leave and license basis. Further, we will be discussing on Bright Outdoor Media IPO GMP.

Among the services provided by Bright Outdoor Media are Transfer Stickers, Railway Boards, Railway Panels, Promos, Whole Trains, Bus Panels, Full Bus Painting, Toll Gates, Mobile Sign Trucks, Kiosks, Traffic Booths, Cinema Slides, Gantry, and Vinyl. They have the most comprehensive and diversified understanding of the out-of-home channel and the best planning tools, data and analytics capabilities. They have 4 offices in India and employ more than 100 individuals. They have over 1500 billboards, an 8000 square foot head office in Mumbai, a team of specialists at the top of their field, unmatched expertise in the media and OOH environment, over 1500 corporate and other clients, and over 8000 movies OOH releases under their belt.

Bright Outdoor Media IPO Strengths

Below are the points that explain the strengths of Bright Outdoor Media IPO :

  • Recognition through numerous honours.
  • Own a list of your hoardings.
  • Experience of senior management and our Promoters.
  • Consumer contentment
  • Repeat clients

These strengths of Bright Outdoor Media IPO GMP will be useful for the investors for building a successful business.

Bright Outdoor Media IPO Objectives

The company plans to use the net proceeds from the offering to pay for the following things:

  • Payment in advance or repayment of some secured loans obtained by the Corporation
  • Investing in LED Hoardings
  • Paying for necessary working capital
  • General business objectives.

Bright Outdoor Media IPO Lot Size

The IPO lot size for Bright Outdoor Media is 1000 shares. An application for up to 1 lot may be submitted by a single retail investor.

  • A minimum of 1000 shares.
  • Total Minimum: 146,000
  • Total Maximum: 146,000

Bright Outdoor Media IPO Allotment & Listing

  • 22-03-2023, as the Basis of Allocation
  • 23-03-2023, for refunds
  • 24-03-2023 Credit to Demat Accounts
  • 27-03-2023 Listing

Bright Outdoor Media IPO Form

You can pay with either UPI or ASBA and can apply for the Bright Outdoor Media IPO online. The ASBA IPO application is accessible through your bank account’s net banking. UPI IPO applications are provided by brokers who do not provide banking services.

Bright Outdoor Media IPO GMP Today

On this website, you can get the IPO GMP (or grey market premium) for Bright Outdoor Media. During the running duration of the IPO, the IPO GMP is updated daily, which causes the GMP rates to vary before eventually stabilizing. GMP rates cannot be guaranteed in full.

Before being listed on the stock exchange, IPO shares are traded at a premium known as the “Grey market premium,” or GMP. Upon the announcement of the IPO date and price range, the grey market begins. It is decided to depend on the demand for a company preparing for an IPO.

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Date and Price Band Details Bright Outdoor Media IPO GMP

IPO Open: March 14, 2023
IPO Close: 17-03-2023
IPO Size: ₹55.48 Cro., 3,800,000 (Approx)  Equity Shares
Face Value: ₹10 Per Equity Share
IPO Price Band: ₹146 Per Equity Share
IPO Listing on: BSE SME
Retail Quota: 50% of the net offer
NII Quota: Net offer 50%

Bright Outdoor Media IPO Dates

March 17 is the IPO close date for Bright Outdoor Media, and March 14 is the IPO date. On March 27, the IPO may list, and on March 22, the IPO allotment date.

Open Date: PO 14-03-2023
Close Date IPO :  17-03-2023
 Allotment: 22-03-2023
Refunds: 23-03-2023
Demat Account Credit 24-03-2023
Listing Date IPO 27-03-2023

Bright Outdoor Media IPO Market Lot

The minimum market lot for Bright Outdoor Media’s first public offering is 1000 shares with a 146,000 application fee.

Application Lot Size Equity Rs. 
Minimum Retail 1 1000 ₹146,000
 Maximum Retail 1 1000 ₹146,000
 Minimum S-HNI 2 2000 ₹292,000

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