Inspire Films Limited IPO Detail
Incorporated in 2012, Inspire Films Limited is engaged in the business of creation, production, distribution, and exhibition of television and digital content.
the company has three business verticals:
- TV - Hindi GEC (General Entertainment Channels): This includes content creation for linear broadcast channels such as Star Plus, Star Bharat, Colors TV, Zee TV, Sony, Dangal, Shemaroo, etc. This is done through a contract basis which typically lasts for 1 year / 260 episodes (5 days a week)/ 312 episodes (6 days a week) or 1 year / 52-156 episodes (1-3 days a week) which then get renewed on yearly basis, based on the show performance. Each episode (including commercial advertisement) is a 30-60-minute slot.
- Digital content and platform (OTT): This includes content created for OTT platforms such as Netflix, Amazon, Sony Liv, MX Player, Disney+Hotstar, Voot, Zee5, etc. The contracts for OTT are typically 8 to 10 episodes for 45-60-minute episodes and 25 to 60 episodes for 22-25-minute episodes, which then gets extended to multiple seasons based on the popularity of the season.
- Regional content: This includes content produced for regional language channels such as Telugu, Tamil, Malayalam, Bengali, Marathi, etc. Both the models above apply in a similar manner in the regional space.
The company has produced over 10,000 episodes of popular content (35 originals) for 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 others.
Company Promoters
Yash Arabinda Patnaik and Beyond Dreams Entertainment Private LimitedIPO Details
IPO Opening Date | Sep 25, 2023 |
IPO Closing Date | Sep 27, 2023 |
Issue Type | Book Built Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹56 - 59 per equity share |
Market Lot | 2000 Shares |
Min Order Quantity | 2000 Shares |
Listing At | NSE SME |
Issue Size | ₹21.23 Cr |
Fresh Issue | ₹21.23 Cr |
Offer for Sale | - |
Retail Portion | 35% |
IPO Subscription (Bidding Detail)
AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
---|---|---|---|---|---|---|
Day 1 | 7.04x | - | - | 10.31x | 11.54x | 9.99x |
Day 2 | 7.07x | - | - | 23.32x | 55.68x | 34.88x |
Day 3 | 25.27x | - | - | 147.16x | 180.41x | 129.08x |
IPO Tentative Timetable
The Inspire Films Limited IPO open date is Sep 25, 2023, and the close date is Sep 27, 2023. The issue may list on Oct 06, 2023.
IPO Open Date | Sep 25, 2023 |
IPO Close Date | Sep 27, 2023 |
Basis of Allotment Date | Oct 03, 2023 |
Initiation of Refunds | Oct 04, 2023 |
Credit of Shares to Demat Account | Oct 05, 2023 |
IPO Listing Date | Oct 06, 2023 |
IPO Lot Size
The Inspire Films Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹118000).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 2000 | ₹118000 |
Maximum | 1 | 2000 | ₹118000 |
IPO Promoter Holding
Pre Issue Share Holding | 93.98% |
Post Issue Share Holding | 69.17% |
Company Financials:
For the year/period ended (₹ in Lakhs)
Financial Year | Total Assets | Total Revenue | Profit After Tax |
---|---|---|---|
31-Mar-21 | 2849.54 | 1942.47 | -83.00 |
31-Mar-22 | 3053.87 | 3815.28 | 25.92 |
31-Mar-23 | 4159.88 | 4884.82 | 404.82 |
Objects of the Issue:
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- To meet the Working Capital requirements of the Company.
- To meet the General Corporate Purposes.
- To meet the Issue Expenses.
Inspire Films Limited IPO Registrar:
Maashitla Securities Pvt. Limited
Inspire Films Limited IPO Lead Manager(s):
Narnolia Financial Services Ltd
Company Contact Information:
Inspire Films Limited
111, 1st Floor, Shree Kamdhenu Estate,
Chincholi Off Link Road, Bhd Tangent Showroom,
Charkop, Malad Mumbai - 400064