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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 ₹61.00 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). The minimum lot size investment for 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 Date | April 12, 2019 to April 18, 2019 |
| Listing Date | April 30, 2019 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹61 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 3,72,000 shares (aggregating up to ₹2.27 Cr) |
| Reserved for Market Maker | 20,000 shares Hem Securities Ltd. (aggregating up to ₹0.1220 Cr) |
| Net Offered to Public | 3,52,000 shares (aggregating up to ₹2.15 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 10,00,000 shares |
| Share Holding Post Issue | 13,72,000 shares |
V R Films IPO offers total 3,72,000 shares. Out of which 1,76,000 (47.31%) allocated to NII, 1,76,000 (47.31%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 20,000 (5.38%) |
| NII (HNI) Shares Offered | 1,76,000 (47.31%) |
| Retail Shares Offered | 1,76,000 (47.31%) |
| Total Shares Offered | 3,72,000 (100.00%) |
V R Films IPO opens on April 12, 2019, and closes on April 18, 2019.
| IPO Open Date | Fri, Apr 12, 2019 |
| IPO Close Date | Thu, Apr 18, 2019 |
| Tentative Listing Date | Tue, Apr 30, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Apr 18, 2019 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| Particulars | For the year/period ended (in Rs. Lakhs) | ||||
|---|---|---|---|---|---|
| 31-Oct-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | ||
| Total Assets | 653.01 | 614.93 | 512.94 | 545.57 | |
| Total Revenue | 362.31 | 1,277.73 | 606.04 | 623.02 | |
| Profit After Tax | 34.09 | 97.57 | 27.43 | 3.26 | |
The Company V R Films IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To meet working capital requirement | 1.37 |
| 2 | General Corporate Purposes | 0.50 |
| 3 | To meet Issue Expenses | 0.40 |
[Dilip Davda] <p style="text-align: justify;">Super performance for FY18 and first seven months raises concern. The issue is priced at an average P/E on the given super earnings, but will the company be able to sustain it going forward? Considering post issue paid up equity level, this company will take longer period for migration to main board. Considering there aspects, cash surplus risk savvy investors may consider investment at their own risk.</p> Read detail review...
| Listing Date | April 30, 2019 |
| BSE Script Code | 542654 |
| NSE Symbol | |
| ISIN | INE06LG01010 |
| Final Issue Price | ₹61 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹61.00 |
| Open | ₹62.00 |
| Low | ₹58.95 |
| High | ₹62.00 |
| Last Trade | ₹60.00 |
V R Films & Studios Ltd.
19, Chhadva Apartments
Sion-Trombay Road
Chembur
Mumbai, Maharashtra, 400071
Phone: +91-22-25273841
Email: smeipo@vrfilms.in
Website: http://www.vrfilms.in/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: vrfilms@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
V R Films IPO is a SME IPO of 3,72,000 equity shares of the face value of ₹10 aggregating up to ₹2.27 Crores. The issue is priced at ₹61 per share. The minimum order quantity is 2000.
The IPO opens on April 12, 2019, and closes on April 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 April 12, 2019 and closes on April 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 Tuesday, April 30, 2019.
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