VELS Film International Limited IPO Detail
Incorporated in 2019, VELS Film International Limited is primarily in the business of the production of films and the sale of film rights. The company is Promoted by Dr. Ishari K Ganesh who started the venture with the vision to produce feature films in various languages.
VELS Film is a member of the South Indian Film Chamber of Commerce. The company is growing at a fast pace as its contribution to the South Indian Film Industry is widening. The Tamil Film Industry is the third biggest film industry in India.
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, and Chutney Sambar.
The company derives its strengths from the following factors:
- Experienced Directors and Management Team
- Value of the "VELS" and "Dr. Ishari K. Ganesh" name
- Distribution network
- Growth Stage and visible revenue streams
Company Promoters
Dr. Ishari Kadhirvelan GaneshIPO Details
| IPO Opening Date | Mar 10, 2023 |
| IPO Closing Date | Mar 14, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹99 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | NSE SME |
| Issue Size | ₹33.74 Cr |
| Fresh Issue | ₹33.74 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.11x | 0.01x | 0.06x | |
| Day 2 | - | - | 0.16x | 0.34x | 0.25x | |
| Day 3 | - | - | 0.32x | 0.58x | 0.45x |
IPO Tentative Timetable
The VELS Film International Limited IPO open date is Mar 10, 2023, and the close date is Mar 14, 2023. The issue may list on Mar 22, 2023.
| IPO Open Date | Mar 10, 2023 |
| IPO Close Date | Mar 14, 2023 |
| Basis of Allotment Date | Mar 17, 2023 |
| Initiation of Refunds | Mar 20, 2023 |
| Credit of Shares to Demat Account | Mar 21, 2023 |
| IPO Listing Date | Mar 22, 2023 |
IPO Lot Size
The VELS Film International Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹118800).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹118800 |
| Maximum | 1 | 1200 | ₹118800 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 12,090.06 | 2,717.92 | 338.23 |
| 30-Sep-23 | 14,619.59 | 4,718.97 | 134.00 |
Objects of the Issue:
The company intends to utilize the proceeds of the Issue to meet the following objectives: -
- Film production;
- General Corporate Purpose;
- To meet the Issue Expenses
VELS Film International Limited IPO Registrar:
Cameo Corporate Services Limited
VELS Film International Limited IPO Lead Manager(s):
Khambatta Securities Limited
Company Contact Information:
VELS Film International Limited
No. 521/2,
Anna Salai Nandanam,
Chennai - 600035
