Fixed Price IPO | ₹2 Cr | Listed at BSE SME | Fri, Apr 12, 2019 - Thu, Apr 18, 2019
V R Films IPO is a fixed price issue of ₹2.27 crores. The issue is entirely a fresh issue of 0.04 crore shares of ₹2.27 crore.
V R Films IPO bidding started from Apr 12, 2019 and ended on Apr 18, 2019. The shares got listed on BSE SME on Apr 30, 2019.
V R Films IPO price is ₹61 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,22,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,44,000.
Hem Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Hem Securities Ltd..
Refer to V R Films IPO RHP for detailed Information.
IPO Open
Fri, Apr 12, 2019
IPO Close
Thu, Apr 18, 2019
Issue Price
₹61 per share
Market Cap (Pre-IPO)
₹8.37 Cr
| IPO Date | 12 to 18 Apr, 2019 |
| Listed on | Tue, Apr 30, 2019 |
| Face Value | ₹10 per share |
| Issue Price | ₹61 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 3,72,000 shares (agg. up to ₹2 Cr) |
| Reserved for Market Maker | 20,000 shares Hem Securities Ltd. (agg. up to ₹0.1220 Cr) |
| Fresh Issue (Ex Market Maker) | 3,52,000 shares (agg. up to ₹2 Cr) |
| Net Offered to Public | 3,52,000 shares (agg. up to ₹2 Cr) |
| Share Holding Pre Issue | 10,00,000 shares |
| Share Holding Post Issue | 13,72,000 shares |
| BSE Script Code | 542654 |
| ISIN | INE06LG01010 |
V R Films IPO comprises a total issue size of 3,72,000 shares. The net offer to the public is 3,52,000 shares, after excluding 20,000 shares allotted on a firm basis. Of the Net offer 1,76,000 (50.00%) allocated to NII 1,76,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 1,76,000 | 50.00% | 47.31% |
| Retail Shares Offered | 1,76,000 | 50.00% | 47.31% |
| Firm Reservations | |||
| Market Maker Shares Offered | 20,000 | 5.38% | |
| Total Shares Offered | 3,72,000 | 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 | ₹1,22,000 |
| Retail (Max) | 1 | 2,000 | ₹1,22,000 |
| HNI (Min) | 2 | 4,000 | ₹2,44,000 |
Incorporated in 2007, Mumbai based V R Films & Studios Limited is engaged in offering a complete range of localization services for digital, film and TV industry. Ranging from content editing, subtitling, dubbing, content localization and mixing, the company provides assistance work for TV programmes, games, documentaries, movies, and audiobooks, in international and Indian regional languages.
The company also does dubbing (post-production process) work for Chinese and Hollywood films to change in Indian regional languages and then provide it to sub-distributors through sub-licence in licensed areas and the licensed languages. The films of the company are sublicensed to Zee TV, Sony TV, etc.
The company has a registered office in Mumbai and 3 dubbing studios.
The future goals of the company are:
1. Expand client base
2. Increase Process Services
3. Maintain a strong relationship with existing clients
Some of the famous clients of the company are:
1. Viacom 18 Media Private Limited,
2. Sony Pictures Networks India Private Limited,
3. Zee Entertainment Enterprises Limited,
4. Discovery Communications India,
5. Paramount Pictures Corporation,
6. Paramount Pictures International Limited
The key strengths of the company are as follow:
1. Advance equipment set up
2. Technically Sound Operation
3. A large number of clients
4. A wide range of services offered
| Period Ended |
|---|
| 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 working capital requirement | 1.37 |
| 2 | General Corporate Purposes | 0.50 |
| 3 | To meet Issue Expenses | 0.40 |
The V R Films IPO is subscribed 1.53 times on April 18, 2019 6:49:03 PM (Day 4). The public issue subscribed 1.56 times in the retail category, [.] times in the QIB category, and 1.5 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.5 | 1,76,000 | 2,64,000 |
| Retail | 1.56 | 1,76,000 | 2,74,000 |
| Total | 1.53 | 3,52,000 | 5,38,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees | 0.21 |
| 2 | Underwriting Commission | 0.03 |
| 3 | Market Making Charges for first year of Listing | 0.03 |
| 4 | Fees Payable to Registrar to the Issue | 0.01 |
| 5 | Fees Payable to Advertising and Marketing Expenses | 0.03 |
| 6 | Fees Payable to Regulators including Stock Exchange | 0.03 |
| 7 | Payment for Printing & Stationery, Distribution, Postage, etc | 0.03 |
| 8 | Others (Fees Payable to Auditor, Fees to Legal Advisors, Brokerage, Processing Fees for Application and Miscellaneous Expenses) | 0.05 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹61.00 |
| Open | ₹62.00 |
| Low | ₹58.95 |
| High | ₹62.00 |
| Last Trade | ₹60.00 |
Lead Manager Reports
V R Films IPO is a SME IPO of 3,72,000 equity shares of the face value of ₹10 aggregating up to ₹2 Crores. The issue is priced at ₹61 per share. The minimum order quantity is 2000.
The IPO opens on Fri, Apr 12, 2019, and closes on Thu, Apr 18, 2019.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in V R Films IPO using UPI as a payment gateway. Zerodha customers can apply in V R Films IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in V R Films IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The V R Films IPO opens on Fri, Apr 12, 2019 and closes on Thu, Apr 18, 2019.
V R Films IPO lot size is 2000, and the minimum amount required for application is ₹1,22,000.
You can apply in V R 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 V R Films IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the V R Films IPO allotment status.
The V R Films IPO listing date is on Tue, Apr 30, 2019.
