Bright Outdoor Media Limited seeks Main Board listing on BSE and NSE
Bright Outdoor Media Limited, a key player in India's out-of-home (OOH) advertising industry, has received board approval for migration to the Main Boards of the Bombay Stock Exchange (BSE) and is reportedly preparing for listing on the National Stock Exchange of India (NSE).The Board of Directors at its meeting on Friday, June 12, 2026, considered and approved the proposal for migrating the company's equity shares from the BSE SME Platform to the Main Board of BSE Limited, as well as proposing its listing on the NSE Main Board. This move reflects the Company’s operational progress and its commitment to enhancing visibility and improving share liquidity among a wider investor base.
The company was initially listed on the BSE SME Platform on March 24, 2023, following an initial public offering at a fresh issue price of ₹146 per equity share, aggregating approximately ₹55.48 Cr. Since its listing, Bright Outdoor Media Limited has consistently expanded its presence across various out-of-home advertising formats. These formats include traditional outdoor media, digital out-of-home (DOOH), transit advertising, railway and airport media, and integrated brand promotion solutions.
Bright Outdoor Media Ltd, founded in 1980 and based in Andheri, Mumbai, holds 45 years of expertise in the OOH advertising industry. The company maintains an extensive network spanning more than 490 hoardings across strategic geographies. Furthermore, it owns over 50 of the 120+ digital LED billboards (Big Size) in Mumbai and trades hoardings acquired from government Semi Government & private entities.
The company distinguishes itself through strategic ventures with top advertising companies and contracts secured across all major transit areas. It is also noted as the first globally to install solar panels on hoardings, supplying electricity to Indian Railways in partnership with a JV Partner, highlighting its focus on sustainability. Bright Outdoor Media’s real estate operations further contribute to its diversified revenue streams.
The company's financial performance has demonstrated steady growth. The reported results are summarized below:
| Metric | H2 FY26 | FY26 |
|---|---|---|
| Total Revenue | ₹ 92.12 Cr | ₹ 155.43 Cr |
| EBITDA | ₹ 20.25 Cr | ₹ 35.23 Cr |
| Net Profit | ₹ 13.97 Cr | ₹ 24.05 Cr |
| EPS | ₹ 12.98 | ₹ 12.26 |
The proposed migration is anticipated to provide the company with enhanced visibility in the capital markets and access to a broader investor base, continuing its long-term growth strategy within the OOH advertising sector.
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