VELS Film International IPO

Small CapFilm ProductionSME

IPO Details

Bidding Dates

10 Mar '23 - 14 Mar '23

Minimum Investment

₹118,800 / 1 Lots ( 1200 Shares )

Price Range

₹99

Maximum Investment

₹118,800 / 1 Lots ( 1200 Shares )

Retail Discount

To be announced

Issue Size

₹33.74 Cr

Investor category and sub category

Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors

VELS Film International - IPO Dates

Important dates with respect to IPO allotment and listing

IPO Open Date

Mar 10, 23

IPO Close Date

Mar 14, 23

IPO Allotment Date

Mar 17, 23

Initiation Of Refunds

Mar 20, 23

Credit Of Shares To Demat Account

Mar 21, 23

IPO Listing Date

Mar 22, 23

IPO Subscription Details

Date	Retail	Total
Day 1Mar 10 2023	0.01	0.06
Day 2Mar 13 2023	0.34	0.25
Day 3Mar 14 2023	0.97	1.10

About Company

Incorporated in 2019, VELS Film International is a movie production house promoted by Dr. Ishari K Ganesh to produce and promote movies in different Indian languages. Some of the popular movies produced by the company are Mookuthi Amman, Kutty Story, Sumo, Joshua Imai Pol Kaakha, and Vendhu Thanindhathu Kaadu.

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. Presently, South Indian movies contribute 30% of the country’s overall media and entertainment revenue, with more than 50% of films produced yearly.

VELS Film International Ltd. IPO Objective

The company is trying to raise money to finance its upcoming projects, meet general corporate purposes, and 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.
Online streaming and the digital media section have recorded a massive boom with wider internet penetration. 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.

VELS Film International Company Financials

Parameters	Year ending on 31st March, 2022 (₹ lakhs)	Year ending on 31st March, 2021 (₹ lakhs)
Revenue from operation	2,644.25	2,601.37
Profit After Tax	338.23	NA
EBITDA	930.12	792.20
EPS	3.56	85.58

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.

How to Apply in IPO
How to Check IPO Allotment Status

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

VELS Film International IPO FAQs

What is VELS Film International Ltd. IPO?

VELS Film International Ltd. SME IPO will open for subscription on March 10, 2023. The public offer of ₹33.74 crore consists of 3,408,000 equity shares with face value of ₹10.

When will VELS Film International Ltd. IPO allotment available?

The basis of allotment date is March 17, 2023.

What will be the VELS Film International Ltd. IPO lot size?

One lot of VELS Film International Ltd. IPO has 1200 shares.

When will VELS Film International Ltd. IPO open for subscription?

The IPO will open on March 10, 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot.

When will VELS Film International Ltd. list on exchanges?

The listing date of VELS Film International Limited on NSE SME is March 22, 2023.

How to check the allotment status of VELS Film International Ltd. IPO?

You can check the allotment status of your IPO application from the Angel One app. To check the IPO allotment status, enter the application number, DP ID, and PAN number into the app.

What would be the listing gains on the VELS Film International Ltd. IPO?

Listing gain is the difference between the IPO's opening and offer prices. The listing gain is influenced by changing investors' interests, global parameters, and short vs long-term outlooks.

I have finished the application process for VELS Film International Ltd. IPO, but the funds are not yet debited. What is the reason?

The bank initially blocks the amount you bid for an IPO. It will debit the money when the shares are allotted or unblock the amount after the UPI mandate expiry date.