March 22, 2023
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Vels Film International IPO Analysis at Chanakyanipothi.com,
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Vels Film International IPO Guidance:
The company is into film production and has produced 5 films. The topline and bottomline are satisfactory. However, the continuous success of its business e.g., film production is mainly dependent on its main promoter, which is a risky proposition. The IPO size is large and the fancy in the grey market is negligible for this IPO. You may avoid the IPO.
Vels Film International IPO Subscription Status
On 14 March 2023 @ 5.00 (Day 3)
NII: 1617600 Shares, 1.22T
RII: 1617600 Shares, 0.97T
Total: 3235200 Shares 1.10T
Vels Film International IPO Grey Market updates
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Vels Film International IPO Subscription Status
Vels Film International: Company Details
The Company is into the business of production of primarily the Tamil Language films and currently there are no listed peers in India engaged in this particular business segment and therefore, a strict comparison of the Company with any listed company is not possible
The Company is primarily in the business of production of films and 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 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. Our 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.
The company/group has produced 5 films and 5 more films are under various stages of development.
For more information about the company, Click www.velsfilminternational.com
| Vels Film International IPO Details | |
| IPO opens on Tentative | 10 March 2023 |
| IPO closes on | 14 March 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 3408000 Sh /Rs 33.74 Cr |
| * Fresh Issue | 3408000 Sh /Rs 33.74 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Face Value per share: | Rs. 10 |
| Price Band | Rs.99 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1200 Shares |
| Listing will at | NSE Sme |
| Shares offered to | ||
| Shares | Rs. (Cr) | |
| QIB (0 %) | – | – |
| NII (50 %) | 1617600 | 16.01 |
| RII (50 %) | 1617600 | 16.01 |
| Total Shares | 3235200 | 32.03 |
| Retail portion will be oversubscribed by | 1348 | |
| Forms | ||
| How much Shares to Apply? | ||
| Min Retail Application | 1200 Sh | Rs. 118800 |
| Max Retail Application | 2400 Sh | Rs. 237600 |
Promoters of the IPO
Dr. Ishari Kadhirvelan Ganesh
Objects of the IPO:
The Company proposes to utilize the Net Proceeds from the Issue towards
Film production
| IPO Tentative timetable | |
| IPO opens on | 10 March 2023 |
| IPO Closes on | 14 March 2023 |
| IPO Allotment on | 17 March 2023 |
| Unblocking of ASBA | 20 March 2023 |
| Credit of Shares | 21 March 2023 |
| Listing on | 22 March 2023 |
| Registered Office of the Company |
| No. 521/2, Anna Salai Nandanam, Chennai – 600035, Tamil Nadu, India. |
| IPO Lead Managers |
| KHAMBATTA SECURITIES LIMITED |
| Registrar to the IPO |
| Cameo Corporate Services Limited |
| IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2019-20 | – | – | (1.33) | 23.35 |
| 2020-21 | 26.01 | 4.69 | 85.58 | 38.45 |
| 2021-22 | 27.36 | 5.93 | 3.56 | 7.97 |
| Book Value of the Share on | 31.03.2022 | Rs.19.78 | ||
| Book Value of the Share | after the IPO | Rs.- | ||
| Offer Price | Rs. 99 | |||
| Ratio Analysis | |
| Upper Price/last EPS | 27.81 |
| Upper price/BV Ratio | 5.00 |
| Upper price/BV after IPO | |
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Vels Film International IPO Peer Comparison:
The Company is into the business of production of primarily the Tamil Language films and currently there are no listed peers in India engaged in this particular business segment and therefore, a strict comparison of the Company with any listed company is not possible.
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
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