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Bright Outdoor Media Ltd's Rs 55.48 crore SME IPO opens for subscription on March 14

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 Lakhani , Bright Outdoor Media , Exchange Platform , Bright Outdoor Media Ltd , Promoters Group , Shreni Shares Pvt Ltd , Bright Media Outdoor Ltd , Entertainment Industries , Shares Pvt Ltd , Managing Director , Bright Media Outdoor , Transit Media , Net Profit , Bright Outdoor Media Limited , Full Bus , Toll Naka , Traffic Booths , Alongside Out Of Home , Outdoor Advertising , Bright Outdoor , Government Organizations , World Book , Mumbai Maharashtra India , Arch 14 Ani Newsvoir Public Issue Of Bright Outdoor Media Ltd Engaged In The Business Providing Advertising Services Consisting Out Home Ooh Is Scheduled To Open For Subscription On March Company Planning Raise Rs 55 48 Crore Prepayment Repayment Certain Borrowings , Urchase Of Led Hoardings , Unding Working Capital Requirements And General Corporate Purposes Last Date For Subscribing The Public Issue Is March 17 Shreni Shares Pvt Ltd Lead Manager Of Company 39s Will Be Listed On Bse Sme Exchange Platform Initial Offering Comprisea Fresh 38 Lakh Equity Face Value Rs 10 Each Ata Price 146 Per Share Includinga Premium 136 Aggregating Upto 55 48 Crore Minimum Lot Size Application 1 ,