Bookbuilding IPO | ₹21 Cr | Listed at NSE SME | Mon, Sep 25, 2023 - Wed, Sep 27, 2023
Inspire Films IPO is a book build issue of ₹21.23 crores. The issue is entirely a fresh issue of 0.36 crore shares of ₹21.23 crore.
Inspire Films IPO bidding started from Sep 25, 2023 and ended on Sep 27, 2023. The allotment for Inspire Films IPO was finalized on Oct 3, 2023. The shares got listed on NSE SME on Oct 5, 2023.
Inspire Films IPO price band is set at ₹59 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,18,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,36,000.
Narnolia Financial Services Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Share India Securities Ltd..
Refer to Inspire Films IPO RHP for detailed Information.
IPO Open
Mon, Sep 25, 2023
IPO Close
Wed, Sep 27, 2023
Issue Price
₹59 per share
Market Cap (Pre-IPO)
₹80.30 Cr
| IPO Date | 25 to 27 Sep, 2023 |
| Listed on | Thu, Oct 5, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹56 to ₹59 |
| Issue Price | ₹59 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 35,98,000 shares (agg. up to ₹21 Cr) |
| Reserved for Market Maker | 1,80,000 shares Share India Securities Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 34,18,000 shares (agg. up to ₹20 Cr) |
| Net Offered to Public | 34,18,000 shares (agg. up to ₹20 Cr) |
| Share Holding Pre Issue | 1,00,11,299 shares |
| Share Holding Post Issue | 1,36,09,299 shares |
| NSE Symbol | INSPIRE |
| ISIN | INE0NDX01019 |
Inspire Films IPO comprises a total issue size of 35,98,000 shares. The net offer to the public is 34,18,000 shares, after excluding 1,80,000 shares allotted on a firm basis. Of the Net offer 17,06,000 (49.91%) are allocated to QIB, 5,14,000 (15.04%) allocated to NII 11,98,000 (35.05%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 17,06,000 | 49.91% | 47.42% |
| − Anchor Investor Shares Offered | 10,22,000 | 28.40% | |
| − QIB (Ex. Anchor) Shares Offered | 6,84,000 | 19.01% | |
| NII (HNI) Shares Offered | 5,14,000 | 15.04% | 14.29% |
| Retail Shares Offered | 11,98,000 | 35.05% | 33.30% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,80,000 | 5.00% | |
| Total Shares Offered | 35,98,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,18,000 |
| Retail (Max) | 1 | 2,000 | ₹1,18,000 |
| HNI (Min) | 2 | 4,000 | ₹2,36,000 |
Inspire Films IPO raises ₹6.03 crore from anchor investors. Inspire Films IPO Anchor bid date is September 22, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Sep 22, 2023 |
| Shares Offered | 10,22,000 |
| Anchor Portion (₹ Cr.) | 6.03 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Nov 2, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Jan 1, 2024 |
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:
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.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 41.60 | 30.54 | 28.50 |
| Total Income | 48.85 | 38.15 | 19.42 |
| Profit After Tax | 4.05 | 0.26 | -0.83 |
| NET Worth | 13.11 | 8.06 | 7.80 |
| Reserves and Surplus | 13.10 | 8.05 | 7.79 |
| Total Borrowing | 8.37 | 3.60 | 10.26 |
| 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 of the Company. | 12.98 |
| 2 | To meet out the General Corporate Purposes; and | 5.06 |
| KPI | |
|---|---|
| ROE | 30.88% |
| ROCE | 32.01% |
| Debt/Equity | 0.64 |
| RoNW | 30.88% |
| PAT Margin | 8.29% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3925.00 | |
| P/E (x) | 0.02 | 19.87 |
| Promoter Holding | 93.98% | 69.17% |
| Market Cap | ₹80.30 Cr. |
The Inspire Films IPO is subscribed 129.08 times on September 27, 2023 7:29:00 PM (Day 3). The public issue subscribed 180.41 times in the retail category, 25.27 times in the QIB category, and 147.16 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 25.27 | 6,82,000 | 1,72,34,000 |
| NII* | 147.16 | 5,14,000 | 7,56,40,000 |
| Retail | 180.41 | 11,98,000 | 21,61,34,000 |
| Total | 129.08 | 23,94,000 | 30,90,08,000 |
Total Application : 1,08,067
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting commission. | 1.60 |
| 2 | Brokerage, Selling Commission, Upload Fees, Bank UPI Fees | 0.04 |
| 3 | Registrars to the Issue | 0.03 |
| 4 | Legal Advisors to the Issue | 0.02 |
| 5 | Statutory Advertisement | 0.05 |
| 6 | Road Shows and marketing | 0.58 |
| 7 | Printing of Forms, GID, Prospectus etc. | 0.03 |
| 8 | Regulators including stock exchanges | 0.07 |
| 9 | Others (Advisors to the company for IPO (PLS Capital Consultants Private Limited & Longview Research & Advisory Private Limited), Market Making Fees, Peer Review Auditors fees) | 0.78 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹59.00 |
| Open | ₹67.00 |
| Low | ₹64.20 |
| High | ₹70.35 |
| Last Trade | ₹67.85 |
Lead Manager Reports
Inspire Films IPO is a SME IPO of 35,98,000 equity shares of the face value of ₹10 aggregating up to ₹21 Crores. The issue is priced at ₹59 per share. The minimum order quantity is 2000.
The IPO opens on Mon, Sep 25, 2023, and closes on Wed, Sep 27, 2023.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Inspire Films IPO using UPI as a payment gateway. Zerodha customers can apply in Inspire Films IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Inspire Films IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Inspire Films IPO opens on Mon, Sep 25, 2023 and closes on Wed, Sep 27, 2023.
Inspire Films IPO lot size is 2000, and the minimum amount required for application is ₹1,18,000.
You can apply in Inspire Films 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 Inspire Films IPO will be done on Tuesday, October 3, 2023, and the allotted shares will be credited to your demat account by Thu, Oct 5, 2023. Check the Inspire Films IPO allotment status.
The Inspire Films IPO listing date is on Thu, Oct 5, 2023.
