Home  »  Ipo Review  »  Vels Film International Ipo

Let’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

Open Free Demat Account Now!

    Fill Your Details Here
    1. Open Demat AccountInvest in IPO

    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:


    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
    Net Issue to the Public Up to 32,35.200 Equity Shares aggregating up to Rs.3,202.85
    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

    VELS Film International IPO Lead Managers

    Lead Managers
    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:
    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
    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


    Subscribe to VELS Film International IPO

      Fill Your Details Here
      1. Open Demat AccountInvest in IPO

      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.

      Calculate your return on investment!

      Asset Class ROI (Rs.) Profit (Rs.) Profit (%)
      Real Estate
      Fixed Deposit
      Mutual Fund

      Featured Topics


      Get 100% IPO Allotment Guarantee! Subscribe to IPO