Ganesh Films IPO – Review, Allotment, Subscription, GMP, Date & more
Last Updated Date: Nov 17, 2022The Ganesh Films IPO comprises of 10,52,800 Equity shares of Rs.10 each at a cash price of Rs.80 aggregating to Rs.842.24 lakhs. Ganesh Films is one of the leading company engaged in the business of acquiring distribution rights of south Indian movies from production or co-production houses and thereafter distribute the same to the cinema halls spread across the Distribution Territory.
Let’s have a detailed review of the company and analytics of the Ganesh Films IPO release date, IPO offer price, subscription, Ganesh Films IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
- Issue Price of this IPO is Rs 80. Check the Live Share Price here Ganesh Films India Share Price
- To track the performance of this IPO, click on this link – IPO Performance
Ganesh Films IPO Review & Ratings
| Ganesh Films IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 6.3/10 |
| Industry Ranking | 6.3/10 |
| Company Background | 6.1/10 |
| Company Reputation | 6.4/10 |
| Competitive Edge | 6.4/10 |
| Financial Statements | 6.5/10 |
| Popularity Index | 6.2/10 |
| Promoters Reputation | 6.3/10 |
| Retail Appetite | 6.2/10 |
| Top Brokers Review | 6.3/10 |
| Overall Ratings | 6.3/10 |
| Star Ratings | ★★★☆☆ |
Summary of Ganesh Films IPO
Ganesh Films is engaged in the business of acquiring distribution rights of south Indian movies from production or co-production houses and thereafter distribute the same to the cinema halls spread across the Distribution Territory. Since incorporation, Company has entered into agreements for acquisition of distribution rights of many films (“Library”).
The Issue comprises of a Public Issue of 10,52,800 Equity shares of face value of Rs.10.00 each fully paid (the “Equity Shares”) for cash at a price of Rs.80.00 (including a premium of Rs.70.00 per Equity Share) aggregating to Rs.842.24 lakhs.
For FY 17-18, as per the Restated Financial Statements:
- Company’s total revenue as restated for the period ending May 8, 2018 to May 20, 2018 was Rs. 9.18 Lakhs and profit/loss after tax as restated for the period ending May 8, 2018 to May 20, 2018 was Rs. 0.53 Lakhs.
The Promoter of this company are Nambirajan Ganapathi Yadav and Natrajan Ganapathy. The lead manager to the issue is FEDEX SECURITIES LIMITED and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.
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Ganesh Films IPO Date
The opening and the closing date of IPO of Ganesh Films is not known yet.
Ganesh Films IPO Subscription
| Subscription | |
| Day 1 | X |
| Day 2 | X |
| Day 3 | X |
| Day 4 | X |
| Day 5 | X |
The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.
Ganesh Films IPO Allotment Status
The Issue is being made through the Fixed Price Process wherein up to 57,600 Equity Shares shall be reserved for Market Maker and upto 9,95,200 Equity shares will be allocated as a Net Issue to the applicants.
Ganesh Films IPO Price Band
The face value of each share is Rs 10 and the issue price is Rs.80.
Ganesh Films IPO Equity Share Offering
10,52,800 Equity Shares of Rs 10/- each and Issue Price is Rs.80 so it will be aggregated to Rs 842.24 lakhs.
Ganesh Films Limited – Company Overview
Ganesh Films India Limited is located in Mumbai and the company was incorporated in the year 2018. The company is engaged into the business of south Indian movies distribution rights, from production and co-production houses 2 cinema halls. The company library has an archive of over 696 South Indian movies in the following languages:Tamil, Telugu, Malayalam and other regional language films. Nambirajan Ganapathi Yadav (“Ganesh Films”) is the main proprietor of this company.
Movies like Thevar Magan, Captain Prabhakaran, Sivaji, Dasavathaaram, Endhiran, Thaana Serndha Kootam, Roja, Oomai Vizhigal etc. are some of the highly popular blockbuster films distributed buy Ganesh films.
In the year 1991, Ganesh Films initiated for the first time simultaneous release of Tamil movies in the Distribution Territory and in the south Indian territory with the famous Tamil language crime drama film ‘Thalapathi’ starring Rajnikanth, Mammootty, Amrish Puri and other famous film stars directed by Mani Ratnam.
Competitive Strengths of Ganesh Films Limited:
- Distribution network.
- Expanding Library.
- Their Presence.
- Relationships with talent within the industry provide steady access to content and talent.
- Experienced management.
- Value of the “Ganesh Films” name.
Business strategies of Ganesh Films Limited:
- Maintaining ability through different approaches to content sourcing and a regional strategy.
- Ensuring a sustainable competitive advantage and enhancing monetization of the GFIL Library through new and emerging media platforms.
Ganesh Films Limited – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakhs) | |
| 20-May-18 | |
| Total Assets | 621.15 |
| Total Revenue | 9.18 |
| Total Expense | 8.46 |
| Profit After Tax | 0.54 |
Earnings per Equity Share (in Lakhs)
| 20-May-18 | |
| Basic and Diluted | 0.09 |
From the above statements, one could find that the Ganesh Films Limited may perform well.
Ganesh Films IPO – Promoters
The Promoter of this company are:
- Nambirajan Ganapathi Yadav
- Natrajan Ganapathy
Interest in promotion of the Company
Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.
Property Interest
The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.
Interest in Intellectual Rights of the Company
Promoters has not shown any interest in acquiring the intellectual rights of the company.
Ganesh Films IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | 10,52,800 Equity Shares of Rs 10/- each at an Issue Price of Rs.80 per Equity Share aggregating to Rs.842.24 lakhs |
| Of which: | |
| Reserved for Market Makers | 57,600 Equity Shares of Rs 10/- each for cash at a price of Rs.80 per share aggregating to Rs.46.08 lakhs |
| Net Issue to the Public | 9,95,200 Equity Shares of face value of Rs.10 each fully paid-up for cash at price of Rs. 80 per Equity Share aggregating to Rs 796.16 Lakhs |
| Of which: | |
| Retail Investors Portion | 4,97,600 Equity Shares of Rs 10/- each at a cash price of Rs.80 each for a value above Rs.2 lakhs |
| Non-Retail Investors Portion | 4,97,600 Equity Shares of Rs 10/- each at a cash price of Rs.80 each for a value of Rs.2 lakhs |
| Equity Shares outstanding prior to the Issue | 1,954,884 Equity Shares of Rs 10/- each |
| Equity Shares outstanding after the Issue | 3,007,684 Equity Shares of Rs 10/- each |
Ganesh Films IPO Issue Object
These are the IPO Issue Objects of the company
- Acquiring distribution rights of south Indian films (including Tamil, Telugu, Malayalam and other regional language films) for the territories of India.
- General corporate purposes
Ganesh Films IPO – Basis of the Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Experienced management
- Expanding content library
- Their Presence
- Relationships with talent within the industry provide steady access to content and talent
- Value of the Ganesh Films name
The relevant quantitative factors are:
| Basic & Diluted EPS | NAV (Rs.) | |
| 20-May-18 | 0.09 | 31.14 |
Ganesh Films IPO Lead Managers
| Lead Managers |
| Fedex Securities Limited 305, Enterprise Centre, Nehru Road, Vile Parle (East), Mumbai – 400099, Maharashtra, India Tel No: +91 22 26117553/ 26178936 Fax No: +91 22 26186966 Contact Person: Rinkesh Saraiya Email: mb@fedsec.in, Website: www.fedsec.in Investor Grievance Email: mb@fedsec.in SEBI Registration Number: INM000010163 |
Ganesh Films IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis |
Other Details:
- Statutory Auditor – JMR and Associates, Chartered Accountants
- Bankers to the Company – The Karur Vysya Bank Limited
- Legal Advisor to the Issue- Crawford Bayley & Co.
Ganesh Films IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 6.5/10 | 6.6/10 | 6.6/10 | 6.4/10 | 6.4/10 |
| Sharekhan | 6.7/10 | 6.4/10 | 6.6/10 | 6.1/10 | 6.2/10 |
| Kotak Securities | 6.7/10 | 6.7/10 | 6.7/10 | 6.4/10 | 6.3/10 |
| ICICI Direct | 6.6/10 | 6.3/10 | 6.7/10 | 6.5/10 | 6.5/10 |
| IIFL | 6.4/10 | 6.7/10 | 6.8/10 | 6.4/10 | 6.7/10 |
| Edelweiss | 6.7/10 | 6.4/10 | 6.4/10 | 6.3/10 | 6.7/10 |
| Zerodha | 6.5/10 | 6.4/10 | 6.7/10 | 6.4/10 | 6.5/10 |
| 5Paisa | 6.7/10 | 6.4/10 | 6.3/10 | 6.7/10 | 6.5/10 |
| Karvy | 6.8/10 | 6.3/10 | 6.7/10 | 6.4/10 | 6.0/10 |
| Motilal Oswal | 6.6/10 | 6.4/10 | 6.6/10 | 6.6/10 | 6.4/10 |
The ratings would be updated once the financials and the other details of the IPO are released.
Ganesh Films IPO Grey Market Premium
The Ganesh Films IPO Grey Market Premium is yet to be announced. It will be updated as soon as the premium rates are announced.
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Ganesh Films IPO News
News 1 – IPO ISSUE OPENS SOON (Download Prospectus)
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