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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:
The company intends to utilize the proceeds of the Issue to meet the following objectives: -
| IPO Date | Mar 10, 2023 to Mar 14, 2023 |
| Listing Date | Mar 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 |
| NII (HNI) Shares Offered | 1,617,600 (50% of the Net Offer) |
| Retail Shares Offered | 1,617,600 (50% of the Net Offer) |
| Market Maker portion | 172,800 shares (SS CORPORATE SECURITIES LIMITED) |
| Total Shares Offered | 3,235,200 |
| KPI | Values |
|---|---|
| P/E (x) | 27.81 |
| Market Cap (₹ Cr.) | 127.79 |
VELS Film International IPO opens on Mar 10, 2023, and closes on Mar 14, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Mar 10, 2023 |
| Closing Date | Mar 14, 2023 |
| Basis of Allotment | Mar 17, 2023 |
| Initiation of Refunds | Mar 20, 2023 |
| Credit of Shares to Demat | Mar 21, 2023 |
| Listing Date | Mar 22, 2023 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
The VELS Film International IPO lot size is 1200 shares.
| 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.
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
| 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 | |||||
[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 Mar 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 | Mar 22, 2023 |
| BSE Script Code | |
| NSE Symbol | VELS |
| ISIN | INE0I3H01019 |
| IPO Price | ₹99 per share |
| Price Details |
|---|
| IPO 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/
Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form
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 Mar 10, 2023, and closes on Mar 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 Mar 10, 2023 and closes on Mar 14, 2023.
VELS Film International IPO lot size is 1200 Shares and the minimum order quantity is .
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 Mar 17, 2023, and the allotted shares will be credited to your demat account by Mar 21, 2023. Check the VELS Film International IPO allotment status.
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