IPO Details
Bidding Dates
09 Mar '23 - 13 Mar '23
Minimum Investment
₹118,800 / 1 Lots ( 1200 Shares )
Price Range
₹99
Maximum Investment
₹118,800 / 1 Lots ( 1200 Shares )
Retail Discount
To be announced
Issue Size
₹33.74 Cr
Investor category and sub category
Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors |VELS Film International - IPO Dates
Important dates with respect to IPO allotment and listing
IPO Open Date
Mar 9, 2023
IPO Close Date
Mar 13, 2023
IPO Allotment Date
Mar 16, 2023
Initiation Of Refunds
Mar 19, 2023
Credit Of Shares To Demat Account
Mar 20, 2023
IPO Listing Date
Mar 21, 2023
IPO Subscription Details
| Date | Retail | Total |
|---|---|---|
Day 1Mar 9, 2023 |
0.01 | 0.06 |
Day 2Mar 12, 2023 |
0.34 | 0.25 |
Day 3Mar 13, 2023 |
0.97 | 1.10 |
IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Other | 1.22 |
| Retail Investors | 0.97 |
| Total | 1.10 |
About Company
Incorporated in 2019, VELS Film International is a movie production house promoted by Dr. Ishari K Ganesh to produce and promote movies in different Indian languages. Some of the popular movies produced by the company are Mookuthi Amman, Kutty Story, Sumo, Joshua Imai Pol Kaakha, and Vendhu Thanindhathu Kaadu.
It is a member of the South Indian Film Chamber of Commerce.
South Indian movies are consistently grossing more than Bollywood movies and expanding to the global audience. Presently, South Indian movies contribute 30% of the country’s overall media and entertainment revenue, with more than 50% of films produced yearly.
VELS Film International Ltd. IPO Objective
The company is trying to raise money to finance its upcoming projects, meet general corporate purposes, and issue expenses.
Why should you invest in VELS Film International Ltd. IPO?
Here are your top three reasons to consider investing in the IPO:
- The company belongs to the expanding media and entertainment industry. The south Indian movie industry contributes 30% of the country’s media and entertainment revenue.
- Regional movies, especially south Indian films have established a global presence with distribution to an increasing number of overseas theaters.
- Online streaming and the digital media section have recorded a massive boom with wider internet penetration. The segment is expected to register 25% growth in the future.
VELS Film International Ltd. Noteworthy highlights
- VELS films earned revenue of ₹2601.37 lakhs in FY21 and ₹2644.25 lakhs in FY22.
- They have produced five films and will release five more in the next two fiscal years.
VELS Film International Company Financials
| Parameters | Year ending on 31st March, 2022 (₹ lakhs) | Year ending on 31st March, 2021 (₹ lakhs) | Year ending on 31st March, 2020 (₹ lakhs) |
|---|---|---|---|
| Revenue from operation | 2,644.25 | 2,601.37 | NA |
| Profit After Tax | 338.23 | NA | NA |
| EBITDA | 930.12 | 792.20 | 1.33 |
| EPS | 3.56 | 85.58 | 1.33 |
Know before investing
Strengths
3-
They have a solid network to distribute movies in theaters and OTT platforms.
-
The company’s promoter Dr. Ishari K. Ganesh is a renowned educationist, recognized for his work. His goodwill is a strength of the brand.
-
The growing middle-class section with a growth in disposable income will increase the audience base for the entertainment and media industry.
Risks
3-
The whole sector of Indian entertainment is highly fragmented and competitive.
-
Changes in government policies, norms, and regulations can impact the company’s future profit.
-
VELS Films continues to face competition from established production houses.
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VELS Film International IPO FAQs
VELS Film International Ltd. SME IPO will open for subscription on March 10, 2023. The public offer of ₹33.74 crore consists of 3,408,000 equity shares with face value of ₹10.
The basis of allotment date is March 17, 2023.
One lot of VELS Film International Ltd. IPO has 1200 shares.
The IPO will open on March 10, 2023.
Retail investors can apply for a minimum of one lot.
The listing date of VELS Film International Limited on NSE SME is March 22, 2023.
You can check the allotment status of your IPO application from the Angel One app.
To check the IPO allotment status, enter the application number, DP ID, and PAN number into the app.
Listing gain is the difference between the IPO’s opening and offer prices. The listing gain is influenced by changing investors’ interests, global parameters, and short vs long-term outlooks.
The bank initially blocks the amount you bid for an IPO. It will debit the money when the shares are allotted or unblock the amount after the UPI mandate expiry date.
Login to your UPI handle and approve the payment mandate to complete the IPO application process.
You can submit only one application using one PAN card.
The minimum size of the application will be one lot of 1200 shares.
