A large number of celebrities, politicians, and film actors were present for the bell-ringing and listing ceremony of leading outdoor advertising agency Bright Outdoor Media at the Bombay Stock Exchange on 27 March 2023.
Bright Outdoor Media’s IPO was subscribed by 1.20 times. The non-institutional investor portion was subscribed 1.27 times and the retail individual investor’s portion was subscribed 1.14 times.
Sudhir Mungantiwar, minister of Cultural Affairs and Forests, Maharashtra, was present as the Chief Guest. Others present included Bright Door CMD Yogesh Lakhani, actors Shekhar Suman, Manoj Joshi, BJP MLC Prasad Lad, advocate Amit Mehta, Parth, Bhavesh, Nidhi from Shreni Shares, and corporate honchos.
The MD and CEO of BSE, Sundararaman Ramamurthy, head of BSE SME Ajay Thakur, and Subramaniam, president of BSE, also attended the event, the company said in a press release.
BSE officials shared how raising Rs. 55 crore in any (SME) IPO at the end of March is a very difficult task. Bright’s IPO was oversubscribed, which was a remarkable achievement and shows the credibility of Yogesh Lakhani.
All the guests were felicitated with a memento and a shawl. Maharashtra Cultural Affairs minister Sudhir Mungantiwar, the chief guest, shared his experience with Yogesh Lakhani in his journey and wished him all the best.
Yogesh Lakhani thanked his parents, wishers, friends, family members, guests, and his staff. “I started working at a very small level and today reached such a milestone. It is a big achievement for all of us and I am happy for the same,” he said.