Ganesh Films IPO – Review, Allotment, Subscription, GMP, Date & more

 The 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.


Ganesh Films IPO Review & Ratings

Ganesh Films IPO Ratings & Review
CriteriaRatings
Industry Sentiments 6.3/10
Industry Ranking 6.3/10
Company Background6.1/10
Company Reputation6.4/10
Competitive Edge6.4/10
Financial Statements6.5/10
Popularity Index6.2/10
Promoters Reputation6.3/10
Retail Appetite 6.2/10
Top Brokers Review6.3/10
Overall Ratings 6.3/10
Star Ratings★★★☆☆

Summary of Ganesh Films IPO

Ganesh Films IPOGanesh 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
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    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 Assets621.15
    Total Revenue9.18
    Total Expense8.46
    Profit After Tax0.54

    Earnings per Equity Share (in Lakhs)

    20-May-18
    Basic and Diluted0.09

    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 Portion4,97,600 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 Issue1,954,884 Equity Shares of Rs 10/- each
     Equity Shares outstanding after the Issue3,007,684 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 EPSNAV (Rs.)
    20-May-180.0931.14

     


     

    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
    Makwana Road, Marol, Andheri East, Mumbai – 400059
    Tel No.: 022-62638200, Fax No.: 022-62638299;
    Website: www.bigshareonline.com
    Email: ipo@bigshareonline.com;
    Contact Person: Srinivas Dornala
    SEBI Registration No.: INR000001385


    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 ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking6.5/106.6/106.6/106.4/106.4/10
    Sharekhan6.7/106.4/106.6/106.1/106.2/10
    Kotak Securities6.7/106.7/106.7/106.4/106.3/10
    ICICI Direct6.6/106.3/106.7/106.5/106.5/10
    IIFL6.4/106.7/106.8/106.4/106.7/10
    Edelweiss6.7/106.4/106.4/106.3/106.7/10
    Zerodha6.5/106.4/106.7/106.4/106.5/10
    5Paisa6.7/106.4/106.3/106.7/106.5/10
    Karvy6.8/106.3/106.7/106.4/106.0/10
    Motilal Oswal6.6/106.4/106.6/106.6/106.4/10

    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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