Inspire Films IPO

Inspire Films IPO

  • Status: Closed
  • RHP:
  • ₹ 112,000 / 2000 shares

    Minimum Investment

IPO Details

  • Open Date

    25 Sep 2023

  • Close Date

    27 Sep 2023

  • IPO Price Range

    ₹ 56

  • IPO Size

    ₹ 21.23 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    06 Oct 2023

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Inspire Films IPO Subscription Status

Last Updated: 03 January 2024 8:57 PM by 5Paisa

Inspire Films Limited IPO is all set to open from 25th September to 27th September 2023. The company creates, produces, distributes, and exhibits television and digital content. The IPO includes a fresh issue of 3,598,000 shares worth ₹21.23 cr. The share allotment date is 3rd October, and the IPO will be listed on 6th October, on the stock exchanges. The price band is ₹56 to ₹59 per share and the lot size is 2000 shares.    

Narnolia Financial Services Limited is the book-running lead manager for this IPO, while  Maashitla Securities Private Limited is the registrar. 

Objectives of Inspire Films IPO:

Inspire Films plans to utilize the raised capital from the IPO to:

●    For working capital requirements.
●    General corporate purpose.
●    For issue expenses. 
 

Established in 2012, Inspire Films designs creates, produces, distributes, and exhibits television and digital content. Inspire Films has delivered over 10,000 episodes of popular content, including 35 original productions. These have been featured on leading Indian broadcasters and OTT platforms like Star Plus, Colors, Sony Entertainment Television, Disney+Hotstar, MX Player, Sony LIV, Jio Cinema, Voot Select, Channel V, Cartoon Network, Star Gold, Pogo, Disney Channel, Star Pravah, Tarang TV, Sun TV, Surya TV, and numerous others.

It has three main business verticals:

1.    Television - Hindi General Entertainment Channels (GEC): In this segment, the company engages in content creation for linear broadcast channels such as Star Plus, Star Bharat, Colors TV, Zee TV, Sony, Dangal, Shemaroo, and more. The episode count varies depending on the broadcasting schedule, ranging from 260 episodes (5 days a week) to 312 episodes (6 days a week), or 52 to 156 episodes (1-3 days a week). Contract renewals occur annually, contingent on the show's performance. 

2.    Digital Content and Platforms (OTT): In this, the company creates content for popular OTT platforms such as Netflix, Amazon, Sony Liv, MX Player, Disney+Hotstar, Voot, Zee5, and others. OTT contracts typically involve the production of 8 to 10 episodes for content with 45-60-minute durations, or 25 to 60 episodes for shorter 22-25-minute content. Extensions to multiple seasons are considered based on the popularity of each season.

3.    Regional Content: In this, the company focuses on producing content for regional language channels, catering to languages such as Telugu, Tamil, Malayalam, Bengali, Marathi, and more. The operational model is the same as the above formats.

 

Peer Comparison

●    Balaji Telefilms Limited
●    Bodhi Tree Multimedia Limited
●    V R Films and Studios Limited 

For More Information:
Webstory on Inspire Films IPO
Inspire Films IPO GMP

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue 48.83 38.15 19.38
EBITDA 7.14 1.33 0.52
PAT 4.05 0.26 -0.83
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 41.60 30.54 28.50
Share Capital 0.0106 0.01 0.01
Total Borrowings 28.49 22.48 20.69
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities -3.28 0.81 1.31
Net cash from / (used in) investing activities -2.12 -0.28 -0.33
Net cash flow from / (used in) financing activities 5.18 -0.74 -0.19
Net increase (decrease) in cash and cash equivalents -0.22 -0.21 0.78


Strengths

1.    The company focuses on regional, television (Hindi segment), as well as OTT content creation. 
2.    It has an organized and focused marketing team. 
3.    Established operations and proven track record.
4.    Strong long-standing relationship with Broadcasters and Channels.
5.    Access to the latest production technology and equipment.
6.    Strong brand recognition and reputation for excellence in content creation
7.    It has an experienced management team and employee base.
 

Risks

1.    Any shift in consumer taste and preference can have a negative impact on the business.
2.    Higher working capital requirements.
3.    Intensified competition may result in content price escalation which may restrict the company’s ability to access content and/or talent.
4.    Negative cash flows in the past. 
5.    The company has also reported losses in the past. 
 

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FAQs

The minimum lot size of Inspire Films IPO is 2000 shares and the investment required is ₹1,12,000.

The price band for Inspire Films IPO is ₹56 to ₹59 per share. 

Inspire Films IPO opens from 25th September to 27th September 2023.
 

The size of Inspire Films IPO is ₹21.23 cr. 

The share allotment date of Inspire Films IPO is 3rd October 2023.

The Inspire Films IPO will be listed on 6th October 2023.

Narnolia Financial Services Limited is the book-running lead manager for Inspire Films IPO.

Inspire Films plans to utilize the raised capital from the IPO to:

1.    For working capital requirements.
2.    General corporate purpose.
3.    For issue expenses. 
 

To apply for Inspire Films IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Inspire Films IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
●    You will receive a mandate notification to block funds in your UPI app.