Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
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 ₹99.00 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). The minimum lot size investment for 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 Date | March 10, 2023 to March 14, 2023 |
| Listing Date | March 22, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹99 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 34,08,000 shares (aggregating up to ₹33.74 Cr) |
| Reserved for Market Maker | 1,72,800 shares SS Corporate Securities Ltd. (aggregating up to ₹1.71 Cr) |
| Net Offered to Public | 32,35,200 shares (aggregating up to ₹32.03 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 95,00,000 shares |
| Share Holding Post Issue | 1,29,08,000 shares |
VELS Film International IPO offers total 34,08,000 shares. Out of which 16,17,600 (47.46%) allocated to NII, 16,17,600 (47.46%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,72,800 (5.07%) |
| NII (HNI) Shares Offered | 16,17,600 (47.46%) |
| Retail Shares Offered | 16,17,600 (47.46%) |
| Total Shares Offered | 34,08,000 (100.00%) |
VELS Film International IPO opens on March 10, 2023, and closes on March 14, 2023.
| IPO Open Date | Fri, Mar 10, 2023 |
| IPO Close Date | Tue, Mar 14, 2023 |
| Tentative Allotment | Fri, Mar 17, 2023 |
| Initiation of Refunds | Mon, Mar 20, 2023 |
| Credit of Shares to Demat | Tue, Mar 21, 2023 |
| Tentative Listing Date | Wed, Mar 22, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Mar 14, 2023 |
Investors can bid for a minimum of 1,200 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 | 1,200 | ₹1,18,800 |
| Retail (Max) | 1 | 1,200 | ₹1,18,800 |
| HNI (Min) | 2 | 2,400 | ₹2,37,600 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-22 | 12,090.06 | 2,717.92 | 338.23 | 1,879.42 | 929.42 |
| 30-Sep-22 | 14,619.59 | 4,718.97 | 134.00 | 2,013.42 | 1,063.42 |
| Amount in ₹ Lakhs | |||||
The market capitalization of VELS Film International IPO is ₹127.79 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 58.58 |
The company intends to utilize the proceeds of the Issue to meet the following objectives: -
[Dilip Davda] VFIL’s financial data has many mismatches. Based on its FY23 annualized working, the issue is exorbitantly priced. It can be termed as a “High-risk/Low-return” bet and there is no harm in skipping it. Read detail review...
| Listing Date | March 22, 2023 |
| BSE Script Code | |
| NSE Symbol | VELS |
| ISIN | INE0I3H01019 |
| Final Issue Price | ₹99 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹99.00 |
| Open | ₹101.00 |
| Low | ₹101.00 |
| High | ₹106.05 |
| Last Trade | ₹103.40 |
VELS Film International Ltd.
No. 521/2,
Anna Salai Nandanam,
Chennai, Tamil Nadu, 600035
Phone: 044 24315541/ 542
Email: info@velsfilminternational.com
Website: http://www.velsfilminternational.com/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
VELS Film International IPO is a SME IPO of 34,08,000 equity shares of the face value of ₹10 aggregating up to ₹33.74 Crores. The issue is priced at ₹99 per share. The minimum order quantity is 1200.
The IPO opens on March 10, 2023, and closes on March 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 March 10, 2023 and closes on March 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 Tuesday, March 21, 2023. Check the VELS Film International IPO allotment status.
The VELS Film International IPO listing date is on Wednesday, March 22, 2023.
Useful Articles
RHP