Bookbuilding IPO | ₹97 Cr | Listed at NSE SME | Mon, Jan 29, 2024 - Thu, Feb 1, 2024
Baweja Studios IPO is a book build issue of ₹97.20 crores. The issue is a combination of fresh issue of 0.40 crore shares aggregating to ₹72.00 crores and offer for sale of 0.14 crore shares aggregating to ₹25.20 crores.
Baweja Studios IPO bidding started from Jan 29, 2024 and ended on Feb 1, 2024. The allotment for Baweja Studios IPO was finalized on Feb 2, 2024. The shares got listed on NSE SME on Feb 6, 2024.
Baweja Studios IPO price band is set at ₹180 per share. The lot size for an application is 800. The minimum amount of investment required by an retail is ₹1,44,000 (800 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (1,600 shares), amounting to ₹2,88,000.
Fedex Securities Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is NNM Securities Pvt.Ltd..
Refer to Baweja Studios IPO RHP for detailed Information.
IPO Open
Mon, Jan 29, 2024
IPO Close
Thu, Feb 1, 2024
Issue Price
₹180 per share
Market Cap (Pre-IPO)
₹331.69 Cr
| IPO Date | 29 Jan to 1 Feb, 2024 |
| Listed on | Tue, Feb 6, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹170 to ₹180 |
| Issue Price | ₹180 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 54,00,000 shares (agg. up to ₹97 Cr) |
| Reserved for Market Maker | 2,88,000 shares NNM Securities Pvt.Ltd. (agg. up to ₹5 Cr) |
| Fresh Issue (Ex Market Maker) | 37,12,000 shares (agg. up to ₹67 Cr) |
| Offer for Sale | 14,00,000 shares of ₹10 (agg. up to ₹25 Cr) |
| Net Offered to Public | 51,12,000 shares (agg. up to ₹92 Cr) |
| Share Holding Pre Issue | 1,44,27,001 shares |
| Share Holding Post Issue | 1,84,27,001 shares |
| NSE Symbol | BAWEJA |
| ISIN | INE0JFJ01011 |
Baweja Studios IPO comprises a total issue size of 54,00,000 shares. The net offer to the public is 51,12,000 shares, after excluding 2,88,000 shares allotted on a firm basis. Of the Net offer 5,44,000 (10.64%) are allocated to QIB, 22,84,000 (44.68%) allocated to NII 22,84,000 (44.68%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 5,44,000 | 10.64% | 10.07% |
| − Anchor Investor Shares Offered | 3,26,400 | 6.04% | |
| − QIB (Ex. Anchor) Shares Offered | 2,17,600 | 4.03% | |
| NII (HNI) Shares Offered | 22,84,000 | 44.68% | 42.30% |
| Retail Shares Offered | 22,84,000 | 44.68% | 42.30% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,88,000 | 5.33% | |
| Total Shares Offered | 54,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 800 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,44,000 |
| Retail (Max) | 1 | 800 | ₹1,44,000 |
| HNI (Min) | 2 | 1,600 | ₹2,88,000 |
Baweja Studios IPO raises ₹5.88 crore from anchor investors. Baweja Studios IPO Anchor bid date is January 25, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Jan 25, 2024 |
| Shares Offered | 3,26,400 |
| Anchor Portion (₹ Cr.) | 5.88 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Mar 3, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, May 2, 2024 |
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 :-
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 42.03 | 44.90 | 30.56 | 32.24 |
| Total Income | 38.90 | 76.28 | 40.97 | 19.54 |
| Profit After Tax | 4.35 | 7.97 | 2.76 | 7.65 |
| NET Worth | 24.22 | 19.86 | 7.24 | 4.48 |
| Reserves and Surplus | 9.79 | 5.44 | 1.81 | 4.45 |
| Total Borrowing | 8.11 | 1.42 | 2.67 | 1.80 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet the working capital requirements | 54.10 |
| 2 | General corporate purposes | 10.70 |
| KPI | |
|---|---|
| ROE | 40.12% |
| ROCE | 52.55% |
| Debt/Equity | 0.07 |
| RoNW | 40.12% |
| PAT Margin | 10.80% |
| Price to Book Value | 13.07 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.52 | 4.32 |
| P/E (x) | 32.59 | 41.62 |
| Promoter Holding | 99.99% | |
| Market Cap | ₹331.69 Cr. |
The Baweja Studios IPO is subscribed 2.62 times on February 1, 2024 7:31:00 PM (Day 4). The public issue subscribed 4.2 times in the retail category, 2.17 times in the QIB category, and 1.08 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 2.17 | 2,17,600 | 4,72,000 |
| NII* | 1.08 | 22,84,000 | 24,60,000 |
| Retail | 4.2 | 22,84,000 | 95,94,400 |
| Total | 2.62 | 47,85,600 | 1,25,26,400 |
Total Application : 11,993
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees | 0.30 |
| 2 | Fees payable to the Registrar to the Offer, Legal Advisors, Advisor to the Offer, Advertising Expenses, Printing and Distribution of issue stationery Brokerage, Selling, Commission and upload fees for SCSBs Sponsor Banks and Bankers to the Offer and fee payable to the Sponsor Bank for Bids made by RIBs. Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDP | 1.12 |
| 3 | Regulators including Stock Exchange | 0.18 |
| 4 | Others, if any (including Underwriting Commission, Market making, advisory fees, marketing expenses, fees payable to auditor etc.) | 5.61 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹180.00 |
| Open | ₹183.00 |
| Low | ₹173.85 |
| High | ₹183.00 |
| Last Trade | ₹173.85 |
Lead Manager Reports
Baweja Studios IPO is a SME IPO of 54,00,000 equity shares of the face value of ₹10 aggregating up to ₹97 Crores. The issue is priced at ₹180 per share. The minimum order quantity is 800.
The IPO opens on Mon, Jan 29, 2024, and closes on Thu, Feb 1, 2024.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Baweja Studios IPO using UPI as a payment gateway. Zerodha customers can apply in Baweja Studios IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Baweja Studios IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Baweja Studios IPO opens on Mon, Jan 29, 2024 and closes on Thu, Feb 1, 2024.
Baweja Studios IPO lot size is 800, and the minimum amount required for application is ₹1,44,000.
You can apply in Baweja Studios IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Baweja Studios IPO will be done on Friday, February 2, 2024, and the allotted shares will be credited to your demat account by Mon, Feb 5, 2024. Check the Baweja Studios IPO allotment status.
The Baweja Studios IPO listing date is on Tue, Feb 6, 2024.
