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V R Films IPO is a fixed price issue of Rs 2.27 crores.
V R Films IPO bidding started from April 12, 2019 and ended on April 18, 2019. The shares got listed on BSE SME on April 30, 2019.
V R Films IPO price is ₹61 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹122,000.
Hem Securities Limited is the book running lead manager of the V R Films IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to V R Films IPO RHP for detailed information.
| IPO Date | April 12, 2019 to April 18, 2019 |
| Listing Date | April 30, 2019 |
| Face Value | ₹10 per share |
| Price | ₹61 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 372,000 shares (aggregating up to ₹2.27 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 20,000 shares |
V R Films IPO offers 372,000 shares. 176,000 (47.31%) to NII, 176,000 (47.31%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 20,000 (5.38%) |
| Other Shares Offered | 176,000 (47.31%) |
| Retail Shares Offered | 176,000 (47.31%) |
| Total Shares Offered | 372,000 (100%) |
Investors can bid for a minimum of 2000 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 | 2000 | ₹122,000 |
| Retail (Max) | 1 | 2000 | ₹122,000 |
| Lot Size Calculator | |||
The promoters Of the Company:
1. Mr. Manish Satprakash Dutt,
2. Mr. Krishi Satprakash Dutt and
3. Mr. Pawan Kumar Dutt
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 72.89% |
Incorporated in 2007, Mumbai based V R Films & Studios Limited is engaged in offering a complete range of localization services for digital, film and TV industry. Ranging from content editing, subtitling, dubbing, content localization and mixing, the company provides assistance work for TV programmes, games, documentaries, movies, and audiobooks, in international and Indian regional languages.
The company also does dubbing (post-production process) work for Chinese and Hollywood films to change in Indian regional languages and then provide it to sub-distributors through sub-licence in licensed areas and the licensed languages. The films of the company are sublicensed to Zee TV, Sony TV, etc.
The company has a registered office in Mumbai and 3 dubbing studios.
The future goals of the company are:
1. Expand client base
2. Increase Process Services
3. Maintain a strong relationship with existing clients
Some of the famous clients of the company are:
1. Viacom 18 Media Private Limited,
2. Sony Pictures Networks India Private Limited,
3. Zee Entertainment Enterprises Limited,
4. Discovery Communications India,
5. Paramount Pictures Corporation,
6. Paramount Pictures International Limited
The key strengths of the company are as follow:
1. Advance equipment set up
2. Technically Sound Operation
3. A large number of clients
4. A wide range of services offered
| Particulars | For the year/period ended (in Rs. Lakhs) | ||||
|---|---|---|---|---|---|
| 31-Oct-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | ||
| Total Assets | 653.01 | 614.93 | 512.94 | 545.57 | |
| Total Revenue | 362.31 | 1,277.73 | 606.04 | 623.02 | |
| Profit After Tax | 34.09 | 97.57 | 27.43 | 3.26 | |
The Company intends to utilize the Issue Proceeds towards the following objects:
1. To Meet Working Capital Requirements
2. General Corporate purpose and
3. To Meet the Issue Expenses
[Dilip Davda]
Super performance for FY18 and first seven months raises concern. The issue is priced at an average P/E on the given super earnings, but will the company be able to sustain it going forward? Considering post issue paid up equity level, this company will take longer period for migration to main board. Considering there aspects, cash surplus risk savvy investors may consider investment at their own risk.
Read detail review...The V R Films IPO is subscribed 1.53 times on April 18, 2019 6:49:03 PM. The public issue subscribed 1.56 times in the retail category, times in the QIB category, and 1.50 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.50 |
| Retail | 1.56 |
| Total | 1.53 |
| Listing Date | April 30, 2019 |
| BSE Script Code | 542654 |
| NSE Symbol | |
| ISIN | INE06LG01010 |
| Final Issue Price | ₹61 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹61.00 |
| ₹62.00 |
| ₹58.95 |
| ₹62.00 |
| ₹60.00 |
V R Films & Studios Limited
19, Chhadva Apartments,
Sion-Trombay Road,
Chembur, Mumbai - 400071
Phone: +91-22-25273841
Email: smeipo@vrfilms.in
Website: http://www.vrfilms.in/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: vrfilms@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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V R Films IPO is a SME IPO of 372,000 equity shares of the face value of ₹10 aggregating up to ₹2.27 Crores. The issue is priced at ₹61 per share. The minimum order quantity is 2000 Shares.
The IPO opens on April 12, 2019, and closes on April 18, 2019.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The V R Films IPO opens on April 12, 2019 and closes on April 18, 2019.
V R Films IPO lot size is 2000 Shares, and the minimum amount required is ₹122,000.
You can apply in V R Films 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 V R Films IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the V R Films IPO allotment status.
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