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Baweja Studios Limited IPO Detail

Baweja Studios Limited IPO Detail

Incorporated in March 16, 2001, Baweja Studios Limited is a production company, producing Hindi and Panjabi films such as Chaar Sahibzaade, Love Story 2050, Qayamat and Bhaukaal. Also, the Company is in the business of trading movie rights. They purchase rights from producers and sell them to exhibitors and streaming platforms.

By June 2023, the company ;has completed 22 projects, with 6 films in production and 7 in pre-production.

Baweja Studios is a content production house that focuses on creating technology-based commercial films. The goal of the company is to push the boundaries of storytelling and incorporate technological advancements in its field. As part of their business process, they research and develop scripts, produce content end-to-end, create intellectual property, and monetize rights.

The company has diversified into various areas including digital films, web series, animation films, Punjabi films, advertisement films, and music videos.

As of June 22, 2023, the company employs a total of 16 full-time staff across various departments.

The competitive strength of the company are :-

  • The Promoter, Mr. Harman Baweja, has played a significant role in the growth and development of our business with his 22 years of experience in the media and entertainment industry.
  • The Directors and other Key Managerial Personnel lead day-to-day activities, ensuring a lean and hands-on organization.
  • Long-standing relationships in the industry
  • Diverse and growing Content Library
  • The business model that relies on technology involves utilizing a company's ability to form a skilled team for producing innovative films, effective marketing, expert management to identify potential scripts, acquiring new OTT platforms and online digital partners and customers, budgeting for film production, and achieving economies of scale.

Company Promoters

Harjaspal Singh Baweja, Paramjit Harjaspal Baweja, Harman Baweja and Rowena Baweja.

IPO Details

IPO Opening DateJan 29, 2024
IPO Closing DateFeb 01, 2024
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹170 - 180 per equity share
Market Lot800 Shares
Min Order Quantity800 Shares
Listing AtNSE SME
Issue Size₹97.20 Cr
Fresh Issue₹72.00 Cr
Offer for Sale₹25.20 Cr
Retail Portion 35%

IPO Subscription (Bidding Detail)

AS On QIB SHNI BHNI NII RII TOTAL
Day 1 0.00x - - 0.24x 0.58x 0.39x
Day 2 0.01x - - 0.23x 1.30x 0.73x
Day 3 0.01x - - 0.35x 1.99x 1.11x
Day 4 2.17x - - 1.08x 4.20x 2.62x

IPO Tentative Timetable

The Baweja Studios Limited IPO open date is Jan 29, 2024, and the close date is Feb 01, 2024. The issue may list on Jan 06, 2024.

IPO Open DateJan 29, 2024
IPO Close DateFeb 01, 2024
Basis of Allotment DateJan 02, 2024
Initiation of RefundsJan 05, 2024
Credit of Shares to Demat AccountJan 05, 2024
IPO Listing DateJan 06, 2024

IPO Lot Size

The Baweja Studios Limited IPO market lot size is 800 shares. A retail-individual investor can apply for up to 1 lots (800 shares or ₹144000).

ApplicationLotsSharesAmount (Cut-off)
Minimum1800₹144000
Maximum1800₹144000

IPO Promoter Holding

Pre Issue Share Holding99.99%
Post Issue Share Holding

Company Financials:

For the year/period ended (₹ in Lakhs)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-21 3223.67 1954.11 764.60
31-Mar-22 3056.03 4096.79 275.94
31-Mar-23 4489.98 7628.31 796.91

Objects of the Issue:

The company proposes to utilize the net proceeds from the Offer towards funding the following objects and achieve the benefits of listing on NSE Emerge platform of National Stock Exchange of India Limited:

  1. To meet the working capital requirements;
  2. General corporate purposes

Baweja Studios Limited IPO Registrar:

Skyline Financial Services Private Ltd

Baweja Studios Limited IPO Lead Manager(s):

Fedex Securities Pvt Ltd

Company Contact Information:

Baweja Studios Limited

Flat No. C/65, Ashirwad, 2nd

Cross Lane, Lokhandwala

Complex, Andheri, Mumbai -400053