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Category :
IPO
Headline :
Bright Outdoor Media announces launch of initial public offering
Date:
08/03/2023 11:00
Bright Outdoor Media Ltd. has announced public offering of 3800000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 136.00 per share. The gross proceeds of the issue are expected to be Rs 5,548.00 lakhs.
The company's initial public offer (IPO) will open on 14 March 2023 and is expected to close on 17 March 2023, subject to customary closing conditions.
The IPO includes a fresh Issue of 3800000 Equity Shares of the Company at an price of Rs 146.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1000 shares with bids in multiples of 1000.
Bright Outdoor Media Ltd. anticipates using the proceeds of the issue for .
Shreni Shares Pvt. Ltd. as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.
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