VELS Film International IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Mar 14, 2023Let’s have a detailed review of the company and analytics of the VELS Film International IPO release date, IPO offer price, subscription, VELS Film International Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 99 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 1200 Shares |
| Listing Date | Mar 22, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 3,374 Lakh |
| IPO Size | Rs 3,374 Lakh |
| Tick Size | 1 |
VELS Film International IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – VELS Film International Share Price |
VELS Film International IPO – Summary
Their Company was originally incorporated in Chennai as “VELS Film International Limited” on 25th October 2019 under the Companies Act, 2013 vide certificate of incorporation issued by the Registrar of Companies, Chennai, Tamil Nadu.
The Corporate Identity Number of their Company is U74999TN2019PLC132235. Their Company is primarily in the business of the production of films and the sale of film rights. Vels Film International Limited is the result of the vision of Dr. Ishari K Ganesh to produce feature films in various languages.
The Promoter of this company is Dr. ISHARI KADHIRVELAN GANESH. The lead manager to the issue is KHAMBATTA SECURITIES LIMITED, and the Registrar to this issue is CAMEO CORPORATE SERVICES LIMITED.
VELS Film International IPO Date
The opening and closing dates of VELS Film International IPO are Mar 10, 2023, and Mar 14, 2023, respectively.
VELS Film International IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 10th Mar | 0.11x | 0.01x | 0.06x |
| 2nd Day – 13th Mar | 0.16x | 0.34x | 0.25x |
| 3rd Day – 14th Mar | 1.22x | 0.97x | 1.10x |
| Shares Offered or Net Issue | 1,617,600 | 1,617,600 | 3,235,200 |
The shares subscribed by the public will be updated here.
VELS Film International IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
VELS Film International Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Mar 10, 2023 |
| Refunds Initiation | Mar 20, 2023 |
| Credit of Shares to Demat Account | Mar 21, 2023 |
| Share Listing Date | Mar 22, 2023 |
VELS Film International IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.99
VELS Film International IPO Equity Size
This Initial Public Issue of 3,408,000 Equity Shares of Rs.10 each for cash at a price of Rs.99 per equity share aggregating to Rs.3,374 Lakh.
VELS Film International IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 3,408,000 Equity Shares of Rs.10/ each.
Issue Size: 3,408,000 Equity Shares of Rs.10 each, aggregating to Rs.3,374 Lakh
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VELS Film International IPO – Live Performance
The listing date of this IPO is Mar 22, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – VELS Film International Share Price |
VELS Film International IPO Grey Market Premium
The VELS Film International Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
VELS Film International IPO – Company Overview
Their company is a member of South Indian Film Chamber of Commerce. The company’s contribution to the South Indian Film Industry is growing in fast pace particularly to the Tamil Film Industry which is the third biggest in India.
Dr. Ishari K. Ganesh’s late father Shri Isari Velan was a renowned comedian in Tamil Cinema of yesteryears and that inspired him to act in several films as well. Being born to a great actor and comedian, entering the film industry was a natural progression for Dr. Ishari K. Ganesh.
Their promoter is involved in film industry since the movie ‘Vaaku Moolam’ in the year 1991. He has acted in multiple movies and the last movie in which he acted was S. Shankar’s ‘2.0’ which released in 2018.
VELS Film International IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||
| 30-Sep-22 | 31-Mar-22 | |
| Total Assets | 14,619.59 | 12,090.06 |
| *Total Revenue | 4,718.97 | 2,717.92 |
| Total Expense | 4,509.41 | 2,230.63 |
| Profit After Tax | 134.00 | 338.23 |
Earnings per Equity Share (in Lakh)
| 30-Jun-22 | 31-Mar-22 | |
| Basic & Diluted | 1.41 | 3.56 |
Further, their PAT for the period ended on Sep 30, 2022, and March 31, 2022 were Rs. 134.00 Lakh, Rs. 338.23 Lakh, Rs. 68.04 Lakh and Rs. 26.91 Lakh respectively.
VELS Film International IPO – Promoters
The Promoter of this company is:
- Dr. ISHARI KADHIRVELAN GANESH
List of Related Parties (Key Managerial Personnel)
- Ishari Kadhirvelan Ganesh, Managing Director
- Arthi Ganesh, Non-Executive Director
VELS Film International IPO – Promoters Holding
- Pre-Issue Share Holding – 100%
- Post Issue Share Holding – %
VELS Film International IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 34,08,000 Equity Shares aggregating up to Rs.3,373.92 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 1,72,800 Equity Shares aggregating up to Rs.171.07 Lakh |
| Net Issue to the Public | Up to 32,35.200 Equity Shares aggregating up to Rs.3,202.85 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 16,17,600 Equity Shares |
| Other than Retail Individual Investors | Not more than 16,17,600 Equity Shares |
| Equity Shares outstanding prior to the Issue | 95,00,000 Equity Shares |
| Equity Shares outstanding after the Issue | 1,29,08,000 Equity Shares |
VELS Film International IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Film production;
2. General Corporate Purpose; and
3. To meet the Issue Expenses
VELS Film International IPO – Business Strategy
- Intend to expand their production activity to produce films
- Intend to build up capability of conceptualizing and producing films
- Intend to have diversified content library and expand further into Hindi and other Regional language film market
- Strategize to track the viewer’s preference of films to cater to their demand.
- Plan to leverage their industry relationship in the growth and development of their film making business
VELS Film International IPO – Basis of 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 and efficient workforce.
- Scalable business.
- Value of VELS Film International in Tamil films.
- A strong regional presence.
- Strong long-standing relationships with talent within the industry provide steady access to content and talent
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 3.56 | 23.35 | 19.78 |
| 31-Mar-21 | 85.58 | 38.45 | 16.22 |
| Mar-20 | (1.33) | (15.34) | 8.67 |
VELS Film International IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| VELS Film International Limited | 10 | [●] | 3.56 | 23.35 | 2,717.92 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
VELS Film International IPO Lead Managers
| Lead Managers |
| KHAMBATTA SECURITIES LIMITED 1 Ground Floor, 7/10, Botawala Building, 9 Bank Street, Horniman Circle, Fort, Mumbai, Maharashtra – 400 001, India Tel: 011-41645051, 022-66413315 Email: ipo@khambattasecurities.com Investor Grievance Email: mbcomplaints@khambattasecurities.com Website: www.khambattasecurities.com Contact Person: Mr. Vipin Aggarwal; Mr. Vinay Pareek SEBI Registration No.: INM000011914 |
VELS Film International IPO Registrar to offer
| Registrar to the Offer |
| CAMEO CORPORATE SERVICES LIMITED Subramanian Building, No. 1 Club House Road, Chennai-600002, Tamil Nadu, India Tel: 044 – 40020700 Email: priya@cameoindia.com Website: www.cameoindia.com Contact Person: Mr. K. Sreepriya SEBI Registration No: INR000003753 |
VELS Film International IPO – Other Details
- Statutory Auditor – M/s S R B R & Associates LLP
- Legal Counsel to the Company – Mr. Sureshsampath
- Bankers to the Company – Bank of Baroda
VELS Film International IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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VELS Film International Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
VELS Film International IPO Review FAQs
Check out various FAQs related to VELS Film IPO:
What is the Issue Size of VELS Film IPO?
The Company is making an initial public offer of 3,408,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of VELS Film IPO?
The price band for this particular IPO ranges between Rs 99. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the VELS Film IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Mar 10, 2023, while the closing date is set at Mar 14, 2023.
What is the VELS Film IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on Mar 17, 2023, refund initiation is on Mar 20, 2023, credit of shares is on Mar 21, 2023, and share listing date is on Mar 22, 2023.
What is the VELS Film IPO Listing Date?
Shares of this company shall be listed in the exchanges Mar 22, 2023. The date, when the listing would be done, is stagnant on Mar 22, 2023.
Who is the Registrar of VELS Film IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Cameo Corporate Services Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of VELS Film IPO?
Here are the promoters of this IPO – Dr. ISHARI KADHIRVELAN GANESH. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of VELS Film IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is VELS Film International IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of VELS Film International Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 338.23. PAT from Sep 2022 is 134.00.
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