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VELS Film International IPO is a fixed price issue of Rs 33.74 crores. The issue is entirely a fresh issue of 34.08 lakh shares.
VELS Film International IPO bidding started from March 10, 2023 and ended on March 14, 2023. The allotment for VELS Film International IPO was finalized on Friday, March 17, 2023. The shares got listed on NSE SME on March 22, 2023.
VELS Film International IPO price is ₹99 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹118,800. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹237,600.
Khambatta Securities Limited is the book running lead manager of the VELS Film International IPO, while Cameo Corporate Services Limited is the registrar for the issue. The market maker for VELS Film International IPO is Ss Corporate Securities.
Refer to VELS Film International IPO RHP for detailed information.
| IPO Date | March 10, 2023 to March 14, 2023 |
| Listing Date | March 22, 2023 |
| Face Value | ₹10 per share |
| Price | ₹99 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 3,408,000 shares (aggregating up to ₹33.74 Cr) |
| Fresh Issue | 3,408,000 shares (aggregating up to ₹33.74 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 172,800 shares Ss Corporate Securities |
VELS Film International IPO offers 3,408,000 shares. 1,617,600 (47.46%) to NII, 1,617,600 (47.46%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 172,800 (5.07%) |
| Other Shares Offered | 1,617,600 (47.46%) |
| Retail Shares Offered | 1,617,600 (47.46%) |
| Total Shares Offered | 3,408,000 (100%) |
VELS Film International IPO opens on March 10, 2023, and closes on March 14, 2023.
| IPO Open Date | Friday, March 10, 2023 |
| IPO Close Date | Tuesday, March 14, 2023 |
| Basis of Allotment | Friday, March 17, 2023 |
| Initiation of Refunds | Monday, March 20, 2023 |
| Credit of Shares to Demat | Tuesday, March 21, 2023 |
| Listing Date | Wednesday, March 22, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 14, 2023 |
Investors can bid for a minimum of 1200 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 | 1200 | ₹118,800 |
| Retail (Max) | 1 | 1200 | ₹118,800 |
| HNI (Min) | 2 | 2,400 | ₹237,600 |
| Lot Size Calculator | |||
Dr. Ishari Kadhirvelan Ganesh is the Promoter of the company.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue |
Incorporated in 2019, VELS Film International Limited is 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.
VELS Film is a member of the South Indian Film Chamber of Commerce. The company is growing at a fast pace as its contribution to the South Indian Film Industry is widening. The Tamil Film Industry is the third biggest film industry in India.
Since incorporation, VELS Film International Limited has produced the following movies:
Some of the forthcoming projects, the company is associated with, are - Singapore Salon, Corona Kumar, and Chutney Sambar.
The company derives its strengths from the following factors:
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-22 | 12,090.06 | 2,717.92 | 338.23 | 1,879.42 | 929.42 |
| 30-Sep-22 | 14,619.59 | 4,718.97 | 134.00 | 2,013.42 | 1,063.42 |
| Amount in ₹ Lakhs | |||||
The market capitalization of VELS Film International IPO is Rs 127.79 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 58.58 |
The company intends to utilize the proceeds of the Issue to meet the following objectives: -
[Dilip Davda] VFIL’s financial data has many mismatches. Based on its FY23 annualized working, the issue is exorbitantly priced. It can be termed as a “High-risk/Low-return” bet and there is no harm in skipping it. Read detail review...
The VELS Film International IPO is subscribed 1.10 times on March 14, 2023 7:30:00 PM. The public issue subscribed 0.97 times in the retail category, times in the QIB category, and 1.22 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.22 |
| Retail | 0.97 |
| Total | 1.10 |
Total Application : 1,310 (0.97 times)
| Listing Date | March 22, 2023 |
| BSE Script Code | |
| NSE Symbol | VELS |
| ISIN | INE0I3H01019 |
| Final Issue Price | ₹99 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹99.00 |
| ₹101.00 |
| ₹101.00 |
| ₹106.05 |
| ₹103.40 |
VELS Film International Limited
No. 521/2,
Anna Salai Nandanam,
Chennai - 600035
Phone: 044 24315541/ 542
Email: info@velsfilminternational.com
Website: http://www.velsfilminternational.com/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
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VELS Film International IPO is a SME IPO of 3,408,000 equity shares of the face value of ₹10 aggregating up to ₹33.74 Crores. The issue is priced at ₹99 per share. The minimum order quantity is 1200 Shares.
The IPO opens on March 10, 2023, and closes on March 14, 2023.
Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in VELS Film International IPO using UPI as a payment gateway. Zerodha customers can apply in VELS Film International IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in VELS Film International IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The VELS Film International IPO opens on March 10, 2023 and closes on March 14, 2023.
VELS Film International IPO lot size is 1200 Shares, and the minimum amount required is ₹118,800.
You can apply in VELS Film International 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 VELS Film International IPO will be done on Friday, March 17, 2023, and the allotted shares will be credited to your demat account by Tuesday, March 21, 2023. Check the VELS Film International IPO allotment status.
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