About Company
VELS Film International Limited was incorporated in 2019, primarily in the business of the production of films and the sale of film rights. The company is Promoted by Dr. Ishari K Ganesh, who started the venture with the vision to produce feature films in various languages.
It is a member of the South Indian Film Chamber of Commerce. South Indian movies are consistently grossing more than Bollywood movies and expanding to the global audience. South Indian movies contribute 30% of the country’s overall media and entertainment revenue, with more than 50% of films produced yearly.
Some popular movies the company produced are Mookuthi Amman, Kutty Story, Sumo, Joshua Imai Pol Kaakha, and Vendhu Thanindhathu Kaadu.
| Minimum Investment ₹118,800 / 1 Lots ( 1200 Shares ) | Maximum Investment ₹118,800 / 1 Lots ( 1200 Shares ) |
| Price Range ₹99 | Issue Size ₹33.74 Cr |
| Investor category and sub category Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors | Retail Discount To be announced |
IPO Dates
Important dates with respect to IPO allotment and listing
| IPO Open Date Mar 10, 2023 | IPO Close Date Mar 14, 2023 |
| IPO Allotment Date Mar 17, 2023 | Initiation Of Refunds Mar 20, 2023 |
| Credit Of Shares To Demat Account Mar 21, 2023 | IPO Listing Date Mar 22, 2023 |
IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Non-Institutional Buyers | 0.23 |
| Retail Investors | 0.50 |
| Total | 0.36 |
IPO Subscription Details
| Date | NII | Retail | Total |
|---|---|---|---|
| Day 1 Mar 10, 2023 | 0.11 | 0.01 | 0.06 |
| Day 2 Mar 13, 2023 | 0.16 | 0.34 | 0.25 |
| Day 3 Mar 14, 2023 | 0.23 | 0.50 | 0.36 |
VELS Film International Ltd. IPO Objective
The company intends to utilize the proceeds of the Issue to meet the following objectives: –
- Film production;
- General Corporate Purpose;
- To meet the Issue Expenses
Why should you invest in VELS Film International Ltd. IPO?
Here are your top three reasons to consider investing in the IPO:
- The company belongs to the expanding media and entertainment industry. The south Indian movie industry contributes 30% of the country’s media and entertainment revenue.
- Regional movies, especially south Indian films, have established a global presence with distribution to an increasing number of overseas theaters.
- With wider internet penetration, online streaming, and digital media have recorded a massive boom. The segment is expected to register 25% growth in the future.
VELS Film International Ltd. Noteworthy highlights
- VELS films earned revenue of ₹2601.37 lakhs in FY21 and ₹2644.25 lakhs in FY22.
- They have produced five films and will release five more in the next two fiscal years.
IPO Financials
| Parameters | Year ending on 31st March, 2022 (₹ lakhs) | Year ending on 31st March, 2021 (₹ lakhs) | Year ending on 31st March, 2020 (₹ lakhs) |
|---|---|---|---|
| Revenue from operation | 2,644.25 | 2,601.37 | NA |
| Profit After Tax | 338.23 | NA | NA |
| EBITDA | 930.12 | 792.20 | 1.33 |
| EPS | 3.56 | 85.58 | 1.33 |
Know before investing
Strengths
- They have a solid network to distribute movies in theaters and OTT platforms.
- The company’s promoter Dr. Ishari K. Ganesh is a renowned educationist recognized for his work. His goodwill is a strength of the brand.
- The growing middle-class section with a growth in disposable income will increase the audience base for the entertainment and media industry.
Risks
- The whole sector of Indian entertainment is highly fragmented and competitive.
- Changes in government policies, norms, and regulations can impact the company’s future profit.
- VELS Films continues to face competition from established production houses.
Click Here to Apply For VELS Film International Ltd. IPO
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