What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Bright Outdoor Media Limited IPO allotment date?

The basis of allotment for Bright Outdoor Media Limited IPO is scheduled to be finalized on 22 Mar 2023.

Where can I check Bright Outdoor Media Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Bigshare Services Private Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 23 Mar 2023.

Bright Outdoor Media Limited

ListedSME

Media & Entertainment · BSE

Incorporated in 2005, Bright Outdoor Media Limited provides advertising and media solutions, primarily focusing on Out-of-Home (OOH) advertising services. The company offers a wide range of media options including transfer stickers, railway boards and panels, promos, full train and bus branding, toll naka ads, mobile sign trucks, kiosks, traffic booths, cinema slides, gantries, and vinyl displays. Along with OOH advertising, Bright Outdoor also specializes in multicultural and ethnic outdoor campaigns tailored to diverse audiences and budgets. Its clientele spans various sectors such as insurance, finance, entertainment, construction, jewellery, aviation, education, and government organizations, enabling the company to serve a wide range of industries with impactful communication strategies.

Price Band

₹146

Issue Size

₹55.48 Cr

Lot Size

1000 shares

GMP

₹2

+1.4%

Est. Listing

₹148

at current GMP

Subscribed

1.27x

overall

Open

14 Mar 2023

17 Mar 2023

Allotment

22 Mar 2023

Refund

23 Mar 2023

Demat Credit

24 Mar 2023

Listing

24 Mar 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Bright Outdoor Media Limited Allotment Status

Designated Registrar: Bigshare Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

22 Mar 2023

Basis finalization

Refunds Initiate

23 Mar 2023

Mandate release

Demat Credit

24 Mar 2023

Shares in demat

Listing Debut

24 Mar 2023

Trading begins

How to Check Bright Outdoor Media Limited IPO Allotment Status

Click the Check on Registrar button above to visit Bigshare Services Private Limited's allotment portal.
Select Bright Outdoor Media Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About Bright Outdoor Media Limited Public Issue & Market Profile

Bright Outdoor Media Limited is bringing an initial public offering (IPO) in the Media & Entertainment sector with an aggregate issue size of ₹55.48 Crores. The shares are offered at a price band of ₹146 to ₹146 per equity share on BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1000 shares (approx. ₹1,46,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Official Allotment Timelines & Registrar Guidance:

Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-03-24, while un-allotted funds or UPI block mandates will be released on 2023-03-23.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.