V R Films & Studios Limited IPO – Allotment, Subscription, GMP & DRHP

Let’s have a detailed review of the company and analytics of the V R Films & Studios IPO release date, IPO offer price, subscription, V R Films & Studios IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.

V R Films & Studios Limited is engaged in the business of providing complete localization services for television, film and digital industry, consisting of dubbing, mixing, subtitling, content editing and content localization services for movies, documentaries, audio books, games and TV programmes in regional and international languages. Open Demat Account - Offers


V R Films & Studios IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments7.5/10
Industry Ranking7.8/10
Company Background7.1/10
Company Reputation7.9/10
Competitive Edge7.7/10
Financial Statements7.8/10
Popularity Index7.4/10
Promoters Reputation7.7/10
Retail Appetite7.9/10
Top Brokers Review7.2/10
Overall Ratings7.5/10
Star Ratings★★★★☆

Summary of V R Films & Studios IPO

V R Films & Studios IPOV R Films & Studios are engaged in the business of providing complete localization services for television, film and digital industry, which consists of dubbing, mixing, subtitling, content editing and content localization services for movies, documentaries, audio books, games and TV programmes in regional and international languages. Initial public offering of upto 3,72,000 Equity Shares of face value of Rs. 10/- each for cash at a price of Rs.61 per equity share aggregating to Rs. 2.27 Crores.

From FY 2015-16 to FY 2017-2018, as per the Restated Financial Statements,

  • As per Restated Financial Statements for the six (6) months period ended September 30, 2018 and fiscal 2018, 2017 and 2016, the total revenues were Rs. 268.63 Lakhs, Rs. 1283.03 Lakhs, Rs. 611.00 lakhs, and Rs. 627.99 Lakhs, respectively.
  • The net asset value per Equity Share was Rs. 3089.13 and Rs. 2985.63 as of Sept 30, 2018 and March 31, 2018, respectively, as per the Restated Standalone Financial Statements.
  • The Networth of the Company as on September 30, 2018 is Rs. 308.91 Lakhs.
  • Their Profit after Tax for the similar period mentioned above was Rs. 10.35 Lakhs, Rs. 97.57 Lakhs, Rs. 27.43 Lakhs, and Rs. 3.26 Lakhs, respectively.

The Promoters of this company are Mr. Manish Satprakash Dutt, Mr. Krishi Satprakash Dutt and Mr. Pawan Kumar DuttThe lead manager to the issue is HEM Securities Limited and the Registrar to this issue is Link Intime India Pvt Limited.


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    V R Films & Studios IPO Date

    The opening and the closing date of V R Films & Studios IPO is Apr 12, 2019 – Apr 18, 2019. 


    V R Films & Studios IPO Subscription

    Day / DateQIBNIIRIITotal Subscription
    1st Day – Apr 120.61x0.05x0.33x
    2nd Day – Apr 151.13x0.39x0.76x
    3rd Day – Apr 161.24x0.59x0.91x
    4th Day – Apr 181.45x0.80x1.13x
    Shares Offered or Net Issue176,000176,000352,000

    The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.


    V R Films & Studios IPO Allotment Status

    Here, you can find the Allotment Status of this IPO.


    V R Films & Studios IPO Price Band

    The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed. 


    V R Films & Studios IPO Equity Share Offering

    Initial public offering of upto 3,72,000 Equity Shares of face value of Rs. 10/- each for cash at a price of Rs.61 per equity share aggregating to Rs. 2.27 Crores.


    V R Films & Studios Limited – Company Overview

    V R Films & Studios Limited was incorporated in 2007 as ―V R Films & Studios Private Limited‖ under the provisions of Companies Act, 1956 in Mumbai. The Company has taken over the running business of M/s Visual Reality.

    V R Films & Studios are engaged in the business of providing complete localization services for television, film and digital industry, which consists of dubbing, mixing, subtitling, content editing and content localization services for movies, documentaries, audio books, games and TV programmes in regional and international languages.

    They also acquire foreign language films mainly from Hollywood and Chinese film industry and dub them in Indian Local language (Hindi, Tamil, Telugu etc.) and then distribute them theatrically or sub license to sub distributors across all licensed territories in all licensed languages including English.

    They operate their activities from the registered office and studios located in Mumbai. The Company has 3 dubbing studios obtained on rent in Mumbai. The list of clients includes some of the renowned names in Films and Television Industry such as Viacom 18 Media Private Limited, Sony Pictures Networks India Private Limited, Zee Entertainment Enterprises Limited, Discovery Communications India, Paramount Pictures Corporation, Paramount Pictures International Limited etc.

    Competitive Strengths of V R Films & Studios Limited:

    • Well equipped with advance technology
    • Experienced Promoters and technically sound operation team
    • Marque Clientele
    • Wide number of languages dubbed
    • Leveraging their market skills and relationships

    Business strategies of V R Films & Studios Limited:

    • Expanding their Clientele Network
    • Focusing on Increasing Process Services & consistency in operating practices
    • Growing their business with existing clients with quality and efficient services

    V R Films & Studios 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:

    On the basis of statement:-

    Amount (in INR & lakhs)
    30-Sept-1831-Mar-1831-Mar-1731-Mar-16
    Total Assets651.54614.93512.94545.57
    Total Revenue268.631,283.03611.00627.99
    Total Expense252.351,140.51568.96610.79
    Profit After Tax10.3597.5727.433.26

    Earnings per Equity Share (in lakhs)

    30-Sept-1831-Mar-1831-Mar-1731-Mar-16
    Basic & Diluted1.039.762.740.33

    From the above statements, one could find that the V R Films & Studios Limited may perform well.


    V R Films & Studios IPO – Promoters

    The Promoters of this company are:

    • Mr. Manish Satprakash Dutt,
    • Mr. Krishi Satprakash Dutt
    • Mr. Pawan Kumar Dutt

    V R Films & Studios Limited Promoter Holdings:

    • Pre Issue Share Holding is around 99.99%
    • Post Issue Share Holding is around 72.89%

    List of Related Parties (Key Managerial Personnel)

    • Mr. Prasad Jagannat Sawant – Chief Financial Officer (CFO)
    • Mr. Nidhi Natani –  Company Secretary and Compliance Officer

    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.


    V R Films & Studios IPO Offer Details or Issue Details

    Particulars No. Of Equity Shares
     Equity Shares Offered Upto 3,72,000 Equity Shares for cash at a price of Rs.61 per equity share aggregating to Rs. 2.27 Crores.
     Of which:
     Reserved for Market Makers [●] Equity Shares of face value of Rs. 10/- each for cash at a price of Rs. [●] per equity share aggregating to Rs. [●] Lakhs
     Net Issue to the Public [●] Equity Shares of face value of Rs. 10/- each for cash at a price of Rs. [●] per equity share aggregating to Rs. [●] Lakhs
     Of which:
     Retail Investors Portion [●] Equity Shares of face value of Rs. 10 each fully paid up for cash at price of Rs.[●] per Equity Share
    aggregating to Rs. [●] Lakhs i.e. 50% of the Net Issue
    shall be available for allocation Retail Individual
    Investors
     Non-Retail Investors Portion[●] Equity Shares of face value of Rs. 10 each fully paidup for cash at price of Rs. [●] per Equity Share aggregating to Rs. [●] Lakhs i.e. 50% of the Net Issue shall be available for allocation for Investors other than Retail Individual Investors.
     Equity Shares outstanding prior to the Issue10,00,000 Equity Shares
     Equity Shares outstanding after the IssueUpto [●] Equity Shares of face value of Rs. 10 each

    V R Films & Studios IPO Issue Object

    These are the IPO Issue Objects of the company:

    • Funding the Working Capital requirements of the Company
    •  Repayment/ pre-payment of certain unsecured loans availed from banks and financial institutions by the company; and
    •  General Corporate Purposes

    V R Films & Studios 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:

    • Well equipped with advance technology
    • Experienced Promoters and technically sound operation team
    • Marque Clientele
    • Wide number of languages dubbed
    • Leveraging their market skills and relationships

    The relevant quantitative factors are:

    On the basis of standalone statement:-

    Basic & Diluted EPSRONW in %NAV (Rs.)
    31-Mar-160.3332.68
    31-Mar-172.7413.65
    31-Mar-189.761.87
    2985.63
    • Price to Earnings (P/E) ratio in relation to Issue Price of Rs. [●] per Equity Share of face value Rs. 10/- each fully paid up.
    ParticularsP/E ratio
    HighestNA
    AverageNA
    LowestNA
    • Competitive Peers:

    They believe that there are no listed companies which are operating in all the business segments as of their Company.


    V R Films & Studios IPO Lead Managers

    Lead Managers
    HEM SECURITIES LIMITED
    904, A Wing, 9th Floor Naman Midtown,
    Senapati Bapat Marg, Elphinstone Road
    Mumbai-400013, India.
    Tel :+91 22 4906 0000
    Email: ib@hemsecurities.com
    Investor Grievance Email: redressal@hemsecurities.com
    Contact Person: Anil Bhargava
    Website: www.hemsecurities.com
    SEBI registration number: INM000010981

    V R Films & Studios IPO Registrar to offer

    Registrar to the Offer
    LINK INTIME INDIA PRIVATE LIMITED
    C – 101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg,
    Vikhroli (West), Mumbai-400083 Maharashtra, India
    Tel No: (022) 49186200
    Email: vrfilms@linkintime.co.in
    Website: www.linkintime.co.in
    Contact Person: Shanti Gopalkrishnan
    SEBI Registration Number: INR000004058

    Other Details:

    • Statutory Auditor – M/s B. L. Dasharda & Associates
    • Peer Review Auditor – M/s B. L. Dasharda & Associates
    • Bankers to the Company – N.A.

    V R Films & Studios IPO Review by Top 10 Stock Brokers

    Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

    V R Films & Studios IPO Grey Market Premium

    The V R Films & Studios IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


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      V R Films & Studios IPO News

      News 1 – IPO ISSUE OPENS SOON [Download Prospectus]


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