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Baweja Studios IPO is a book built issue of Rs 97.20 crores. The issue is a combination of fresh issue of 40 lakh shares aggregating to Rs 72.00 crores and offer for sale of 14 lakh shares aggregating to Rs 25.20 crores.
Baweja Studios IPO bidding started from January 29, 2024 and ended on February 1, 2024. The allotment for Baweja Studios IPO was finalized on Friday, February 2, 2024. The shares got listed on NSE SME on February 6, 2024.
Baweja Studios IPO price band is set at ₹170 to ₹180 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹144,000. The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to ₹288,000.
Fedex Securities Pvt Ltd is the book running lead manager of the Baweja Studios IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Baweja Studios IPO is Nnm Securities.
Refer to Baweja Studios IPO RHP for detailed information.
| IPO Date | January 29, 2024 to February 1, 2024 |
| Listing Date | February 6, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹170 to ₹180 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 5,400,000 shares (aggregating up to ₹97.20 Cr) |
| Fresh Issue | 4,000,000 shares (aggregating up to ₹72.00 Cr) |
| Offer for Sale | 1,400,000 shares of ₹10 (aggregating up to ₹25.20 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 14,427,001 |
| Share holding post issue | 18,427,001 |
| Market Maker portion | 288,000 shares Nnm Securities |
Baweja Studios IPO offers 5,400,000 shares. 217,600 (4.03%) to QIB, 2,284,000 (42.30%) to NII, 2,284,000 (42.30%) to RII and 326,400 (6.04%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 326,400 (6.04%) |
| Market Maker Shares Offered | 288,000 (5.33%) |
| QIB Shares Offered | 217,600 (4.03%) |
| NII (HNI) Shares Offered | 2,284,000 (42.30%) |
| Retail Shares Offered | 2,284,000 (42.30%) |
| Total Shares Offered | 5,400,000 (100%) |
Baweja Studios IPO raises Rs 5.88 crore from anchor investors. Baweja Studios IPO Anchor bid date is January 25, 2024. Baweja Studios IPO Anchor Investors list
| Bid Date | January 25, 2024 |
| Shares Offered | 326,400 |
| Anchor Portion Size (In Cr.) | 5.88 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 3, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 2, 2024 |
Baweja Studios IPO opens on January 29, 2024, and closes on February 1, 2024.
| IPO Open Date | Monday, January 29, 2024 |
| IPO Close Date | Thursday, February 1, 2024 |
| Basis of Allotment | Friday, February 2, 2024 |
| Initiation of Refunds | Monday, February 5, 2024 |
| Credit of Shares to Demat | Monday, February 5, 2024 |
| Listing Date | Tuesday, February 6, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 1, 2024 |
Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹144,000 |
| Retail (Max) | 1 | 800 | ₹144,000 |
| HNI (Min) | 2 | 1,600 | ₹288,000 |
| Lot Size Calculator | |||
The promoter of the company are Harjaspal Singh Baweja, Paramjit Harjaspal Baweja, Harman Baweja and Rowena Baweja.
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue |
Incorporated in March 16, 2001, Baweja Studios Limited is a production company, producing Hindi and Panjabi films such as Chaar Sahibzaade, Love Story 2050, Qayamat and Bhaukaal. Also, the Company is in the business of trading movie rights. They purchase rights from producers and sell them to exhibitors and streaming platforms.
By June 2023, the company ;has completed 22 projects, with 6 films in production and 7 in pre-production.
Baweja Studios is a content production house that focuses on creating technology-based commercial films. The goal of the company is to push the boundaries of storytelling and incorporate technological advancements in its field. As part of their business process, they research and develop scripts, produce content end-to-end, create intellectual property, and monetize rights.
The company has diversified into various areas including digital films, web series, animation films, Punjabi films, advertisement films, and music videos.
As of June 22, 2023, the company employs a total of 16 full-time staff across various departments.
The competitive strength of the company are :-
Baweja Studios Limited's revenue increased by 86.2% and profit after tax (PAT) rose by 188.8% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 4,202.57 | 4,489.98 | 3,056.03 | 3,223.67 |
| Revenue | 3,890.11 | 7,628.31 | 4,096.79 | 1,954.11 |
| Profit After Tax | 435.33 | 796.91 | 275.94 | 764.60 |
| Net Worth | 2,422.07 | 1,986.28 | 724.07 | 448.13 |
| Reserves and Surplus | 979.37 | 543.58 | 181.07 | 445.13 |
| Total Borrowing | 810.91 | 142.38 | 266.86 | 179.60 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Baweja Studios IPO is Rs 331.69 Cr.
| KPI | Values |
|---|---|
| ROE | 40.12% |
| ROCE | 52.55% |
| Debt/Equity | 0.07 |
| RoNW | 40.12% |
| P/BV | 13.07 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.52 | 4.32 |
| P/E (x) | 32.59 | 41.62 |
The company proposes to utilize the net proceeds from the Offer towards funding the following objects and achieve the benefits of listing on NSE Emerge platform of National Stock Exchange of India Limited:
[Dilip Davda] The company is a technology based production house providing contents to its clients. It posted growth in its top lines for the reported periods, but marked inconsistency in its bottom lines. Based on FY24 annualized earnings, the issue appears aggressively priced. There is no harm in skipping this pricey bet. Read detail review...
The Baweja Studios IPO is subscribed 2.62 times on February 1, 2024 7:31:00 PM. The public issue subscribed 4.20 times in the retail category, 2.17 times in the QIB category, and 1.08 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 2.17 |
| NII | 1.08 |
| Retail | 4.20 |
| Total | 2.62 |
Total Application : 11,993 (4.20 times)
Useful Articles
| Listing Date | February 6, 2024 |
| BSE Script Code | |
| NSE Symbol | BAWEJA |
| ISIN | INE0JFJ01011 |
| Final Issue Price | ₹180 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹180.00 |
| ₹183.00 |
| ₹173.85 |
| ₹183.00 |
| ₹173.85 |
Baweja Studios Limited
Flat No. C/65, Ashirwad, 2nd
Cross Lane, Lokhandwala
Complex, Andheri, Mumbai -400053
Phone: +91 22 3590 1403
Email: cs@bawejastudios.com
Website: https://www.bawejastudios.com/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: cs@bawejastudios.com
Website: https://www.skylinerta.com/ipo.php
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Baweja Studios IPO is a SME IPO of 5,400,000 equity shares of the face value of ₹10 aggregating up to ₹97.20 Crores. The issue is priced at ₹170 to ₹180 per share. The minimum order quantity is 800 Shares.
The IPO opens on January 29, 2024, and closes on February 1, 2024.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Baweja Studios IPO using UPI as a payment gateway. Zerodha customers can apply in Baweja Studios IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Baweja Studios IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Baweja Studios IPO opens on January 29, 2024 and closes on February 1, 2024.
Baweja Studios IPO lot size is 800 Shares, and the minimum amount required is ₹144,000.
You can apply in Baweja Studios IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Baweja Studios IPO will be done on Friday, February 2, 2024, and the allotted shares will be credited to your demat account by Monday, February 5, 2024. Check the Baweja Studios IPO allotment status.
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