Bright Outdoor Media Ltd - IPO

Bright Outdoor Media Ltd IPO Details

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.

Objective of issue

Prepayment/repayment of certain secured borrowings availed by the company. Purchase of LED Hoardings. Funding working capital requirements. General corporate purposes.

Bright Outdoor Media Ltd Contact Details

Bright Outdoor Media Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - investor@brightoutdoor.com

Website - www.brightoutdoor.com