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Inspire Films Limited IPO Detail

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:

  1. 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.
  2. 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.
  3. 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 Limited

IPO Details

IPO Opening DateSep 25, 2023
IPO Closing DateSep 27, 2023
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹56 - 59 per equity share
Market Lot2000 Shares
Min Order Quantity2000 Shares
Listing AtNSE 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 DateSep 25, 2023
IPO Close DateSep 27, 2023
Basis of Allotment DateOct 03, 2023
Initiation of RefundsOct 04, 2023
Credit of Shares to Demat AccountOct 05, 2023
IPO Listing DateOct 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).

ApplicationLotsSharesAmount (Cut-off)
Minimum12000₹118000
Maximum12000₹118000

IPO Promoter Holding

Pre Issue Share Holding93.98%
Post Issue Share Holding69.17%

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:

  1. To meet the Working Capital requirements of the Company.
  2. To meet the General Corporate Purposes.
  3. 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