Fixed Price IPO | ₹34 Cr | Listed at NSE SME | Fri, Mar 10, 2023 - Tue, Mar 14, 2023
VELS Film International IPO is a fixed price issue of ₹33.74 crores. The issue is entirely a fresh issue of 0.34 crore shares of ₹33.74 crore.
VELS Film International IPO bidding started from Mar 10, 2023 and ended on Mar 14, 2023. The allotment for VELS Film International IPO was finalized on Mar 17, 2023. The shares got listed on NSE SME on Mar 22, 2023.
VELS Film International IPO price is ₹99 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,18,800 (1200 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,400 shares), amounting to ₹2,37,600.
Khambatta Securities Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The Market Maker of the company is SS Corporate Securities Ltd..
Refer to VELS Film International IPO RHP for detailed Information.
IPO Open
Fri, Mar 10, 2023
IPO Close
Tue, Mar 14, 2023
Issue Price
₹99 per share
Market Cap (Pre-IPO)
₹127.79 Cr
| IPO Date | 10 to 14 Mar, 2023 |
| Listed on | Wed, Mar 22, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹99 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 34,08,000 shares (agg. up to ₹34 Cr) |
| Reserved for Market Maker | 1,72,800 shares SS Corporate Securities Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 32,35,200 shares (agg. up to ₹32 Cr) |
| Net Offered to Public | 32,35,200 shares (agg. up to ₹32 Cr) |
| Share Holding Pre Issue | 95,00,000 shares |
| Share Holding Post Issue | 1,29,08,000 shares |
| NSE Symbol | VELS |
| ISIN | INE0I3H01019 |
VELS Film International IPO comprises a total issue size of 34,08,000 shares. The net offer to the public is 32,35,200 shares, after excluding 1,72,800 shares allotted on a firm basis. Of the Net offer 16,17,600 (50.00%) allocated to NII 16,17,600 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 16,17,600 | 50.00% | 47.46% |
| Retail Shares Offered | 16,17,600 | 50.00% | 47.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,72,800 | 5.07% | |
| Total Shares Offered | 34,08,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,18,800 |
| Retail (Max) | 1 | 1,200 | ₹1,18,800 |
| HNI (Min) | 2 | 2,400 | ₹2,37,600 |
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:
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:
| Period Ended | 30 Sep 2022 | 31 Mar 2022 |
|---|---|---|
| Assets | 146.20 | 120.90 |
| Total Income | 47.19 | 27.18 |
| Profit After Tax | 1.34 | 3.38 |
| NET Worth | 20.13 | 18.79 |
| Reserves and Surplus | 10.63 | 9.29 |
| Amount in ₹ Crore | ||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Film production | 28.00 |
| 2 | General Corporate Purpose | 5.14 |
| KPI | |
|---|---|
| RoNW | 23.35 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.56 | |
| P/E (x) | 58.58 | |
| Promoter Holding | 100% | |
| Market Cap | ₹127.79 Cr. |
The VELS Film International IPO is subscribed 1.1 times on March 14, 2023 7:30:00 PM (Day 3). The public issue subscribed 0.97 times in the retail category, [.] times in the QIB category, and 1.22 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.22 | 16,17,600 | 19,80,000 |
| Retail | 0.97 | 16,17,600 | 15,72,000 |
| Total | 1.1 | 32,35,200 | 35,52,000 |
Total Application : 1,310
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing and payment to other intermediaries such as Registrar, Market Maker, etc. | 0.40 |
| 2 | Statutory Expenses | 0.10 |
| 3 | Marketing Expenses, Underwriting Commission and Other Expenses | 0.10 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹99.00 |
| Open | ₹101.00 |
| Low | ₹101.00 |
| High | ₹106.05 |
| Last Trade | ₹103.40 |
Lead Manager Reports
VELS Film International IPO is a SME IPO of 34,08,000 equity shares of the face value of ₹10 aggregating up to ₹34 Crores. The issue is priced at ₹99 per share. The minimum order quantity is 1200.
The IPO opens on Fri, Mar 10, 2023, and closes on Tue, Mar 14, 2023.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in VELS Film International IPO using UPI as a payment gateway. Zerodha customers can apply in VELS Film International IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in VELS Film International IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The VELS Film International IPO opens on Fri, Mar 10, 2023 and closes on Tue, Mar 14, 2023.
VELS Film International IPO lot size is 1200, and the minimum amount required for application is ₹1,18,800.
You can apply in VELS Film International 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 VELS Film International IPO will be done on Friday, March 17, 2023, and the allotted shares will be credited to your demat account by Tue, Mar 21, 2023. Check the VELS Film International IPO allotment status.
The VELS Film International IPO listing date is on Wed, Mar 22, 2023.
