Vels Film International IPO Details
- Open Date 10-Mar-23
- Close Date 14-Mar-23
- Lot Size 1200
- IPO Size ₹ 33.74 Cr
- IPO Price Range ₹ 99
- Min Investment ₹ 118800
- Listing Exchange NSE SME
- Basis of Allotment 17-Mar-23
- Refunds 20-Mar-23
- Credit to Demat Account 21-Mar-23
- Listing Date 22-Mar-23
Vels Film International IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 10-Mar-23 | - | 0.11x | 0.01x | 0.06x |
| 13-Mar-23 | - | 0.16x | 0.34x | 0.25x |
| 14-Mar-23 | - | 1.22x | 0.97x | 1.10x |
Vels Film International IPO Synopsis
Vels Flim International IPO opens on 10th March and closes on 14th March. The fresh issue entails of fresh issue of 3,408,000 equity shares aggregating the issue size to Rs. 33.74 cr. The lot size has been set to 1200 shares per lot while the price has been fixed at Rs. 99 per share. The issue will be listed on NSE SME on 22nd March while the shares will be allotted on 17th March. Khambatta Securities Limited is the lead manager to the issue.
Objective of Vels Flim International IPO
The net proceeds from the issue will be utilised for:
• Film production
• General Corporate Purpose
• To meet the Issue Expenses
About Vels Film International
Vels Flim International is primarily engaged in the business of production of films and sale of film rights. Vels Film International Limited is the result of the vision of Dr. Ishari K Ganesh to produce feature films in various languages.
It is a member of South Indian Film Chamber of Commerce. The company's contribution to the South Indian Film Industry is growing in fast pace particularly to the Tamil Film Industry which is the third biggest in India. Dr. Ishari K. Ganesh’s late father Shri Isari Velan was a renowned comedian in Tamil Cinema of yesteryears and that inspired him to act in several films as well
Since incorporation, VELS Film International Limited has produced the following movies:
• Mookuthi Amman
• Kutty Story
• Sumo
• Joshua Imai Pol Kaakha
• Vendhu Thanindhathu Kaadu
Some of the forthcoming projects, the company is associated with, are –
• Singapore Salon
• Corona Kumar
• Chutney Sambar
Check out VELS Film International IPO Web-Stories
Vels Film International Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Revenue | 26.6 | 26.0 | 0.0 |
| EBITDA | 9.6 | 8.0 | 0.0 |
| PAT | 4.7 | 5.9 | 0.0 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Total Assets | 107.3 | 41.2 | 7.9 |
| Share Capital | 9.5 | 9.5 | 0.1 |
| Total Borrowings | 19.8 | 24.6 | 1.0 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -8.3 | 14.2 | -0.1 |
| Net cash from / (used in) investing activities | -23.5 | -23.5 | 0.0 |
| Net cash flow from / (used in) financing activities | 32.4 | 9.3 | 0.1 |
| Net increase (decrease) in cash and cash equivalents | 0.6 | 0.0 | 0.0 |
Peer Comparison
Vels Film International IPO Key Points
-
Strengths
• VELS” and “Dr. Ishari K. Ganesh” has a goodwill and reputation in the south Indian film industry
• Experience and relationship with the distributors of the south Indian movies helps leverage theatrical distribution as well as distribution on OTT (Over-The-Top) platforms for the films produced by the firm.
• Growth Stage and visible revenue streams -
Risks
• Higher interest outgo on the loans
• Inability to successfully implement our growth strategy and expansion plans
• Increased competition in the industry
• Availability of applicable approvals, licenses, registrations and permits in a timely manner
• Inability to upgrade technology
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
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 -
Approve the mandate request on your UPI and funds
will be blocked
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Vels Film International IPO FAQs
What is the lot size and investment required for the Vels Flim International IPO?
The Vels Flim International IPO lot size is 1200 shares. A retail-individual investor can apply for upto 1 lots (1200 shares or ₹118,800).
What is the price band of Vels Flim International IPO?
The price for Vels Flim International IPO is set at Rs. 99 per share
When does the Vels Flim International IPO issue open and close?
The Vels Flim International IPO opens on 10th March and closes on 14th March.
What is the size of Vels Flim International IPO issue?
The Vels Flim International IPO comprises of fresh issue of 3,408,000 equity shares which aggregates the issue size to Rs. 33.74cr.
Who are the promoters/key personnels of Vels Flim International IPO?
Vels Flim International IPO is promoted by Dr. Ishari Kadhirvelan Ganesh.
What is the allotment date of Vels Flim International IPO?
The allotment date of Vels Flim International IPO is set for 17th March
What is the Vels Flim International IPO’s listing date?
The Vels Flim International IPO will be listed on 22nd March
Who are the book runners for Vels Flim International IPO?
Khambatta Securities Limited is the book running lead managers of Vels Flim International IPO.
What is the objective of Vels Flim International IPO?
The net proceeds from Vels Flim International IPO will be used for:
∙Film production
∙General Corporate Purpose
∙To meet the Issue Expenses
How to apply for the Vels Flim International IPO?
To apply for Vels Flim International 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 price at which you wish to apply for
∙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
Contact Details of Vels Film International IPO
Contact Information
VELS Film International Limited
No. 521/2,
Anna Salai Nandanam,
Chennai - 600035
Phone: 044 24315541/ 542
Email: info@velsfilminternational.com
Website: http://www.velsfilminternational.com/
Vels Film International IPO Register
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
Vels Film International IPO Lead Manager
Khambatta Securities Limited