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Mumbai (Maharashtra) [India], March 14 (ANI/NewsVoir): Public issue of Bright Outdoor Media Ltd - engaged in the business of providing advertising media services consisting Out of Home (OOH) media services is scheduled to open for subscription on March 14. Company is planning to raise Rs 55.48 crore for prepayment/repayment of certain borrowings, purchase of LED hoardings, funding working capital requirements and general corporate purposes. Last date for subscribing for the public issue is March 17. Shreni Shares Pvt Ltd is the lead manager of the issue. Company's shares will be listed on the BSE SME Exchange Platform. The initial public offering will comprise a fresh issue of 38 lakh equity shares of face value of Rs 10 each at a price of Rs 146 per share (including a premium of Rs 136 per equity share) aggregating upto Rs 55.48 crore. The minimum lot size for the application is 1,000 shares which translates into Rs 1.46 lakh per application. Sharing more details, Yogesh Lakhani,

Yogesh lakhaniBright outdoor mediaExchange platformBright outdoor media ltdPromoters groupShreni shares pvt ltdBright media outdoor ltdEntertainment industriesShares pvt ltdManaging directorBright media outdoorTransit mediaNet profitBright outdoor media limitedFull busToll naka