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VELS Film International Limited IPO (VELS Film International IPO) Detail

March 10, 2023 - March 14, 2023

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.

VELS Film International IPO Details

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 Size3,408,000 shares
(aggregating up to ₹33.74 Cr)
Fresh Issue3,408,000 shares
(aggregating up to ₹33.74 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Market Maker portion172,800 shares
Ss Corporate Securities

VELS Film International IPO Reservation

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 Offered172,800 (5.07%)
Other Shares Offered1,617,600 (47.46%)
Retail Shares Offered1,617,600 (47.46%)
Total Shares Offered3,408,000 (100%)

VELS Film International IPO Timeline (Tentative Schedule)

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

VELS Film International IPO Lot Size

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

VELS Film International IPO Promoter Holding

Dr. Ishari Kadhirvelan Ganesh is the Promoter of the company.

Share Holding Pre Issue 100%
Share Holding Post Issue

About VELS Film International Limited

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:

  1. Mookuthi Amman
  2. Kutty Story
  3. Sumo
  4. Joshua Imai Pol Kaakha
  5. Vendhu Thanindhathu Kaadu

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:

  • Experienced Directors and Management Team
  • Value of the "VELS" and "Dr. Ishari K. Ganesh" name
  • Distribution network
  • Growth Stage and visible revenue streams

Company Financials

VELS Film International Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-2212,090.062,717.92338.231,879.42929.42
30-Sep-2214,619.594,718.97134.002,013.421,063.42
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of VELS Film International IPO is Rs 127.79 Cr.

Pre IPO Post IPO
P/E (x) 58.58

Objects of the Issue (VELS Film International IPO Objectives)

The company intends to utilize the proceeds of the Issue to meet the following objectives: -

  1. Film production;
  2. General Corporate Purpose;
  3. To meet the Issue Expenses

VELS Film International IPO Review (Avoid)

[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...


VELS Film International IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
Other1.22
Retail0.97
Total1.10

Total Application : 1,310 (0.97 times)

VELS Film International IPO Prospectus

VELS Film International IPO Rating

7
1.9
Rating:Rated 1.9 stars
Vote Here ...

VELS Film International IPO Listing Details

Listing Date March 22, 2023
BSE Script Code
NSE Symbol VELS
ISIN INE0I3H01019
Final Issue Price ₹99 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹99.00
₹101.00
₹101.00
₹106.05
₹103.40

Check IPO Performance…

VELS Film International Limited Contact Details

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/

VELS Film International IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/

VELS Film International IPO - Buy or Not

VELS Film International IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 1

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VELS Film International IPO FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'VELS Film International IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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.

The VELS Film International IPO listing date is on March 22, 2023.
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VELS Film International IPO Message Board

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99 Comments

68. Noorul |   Link |  Bookmark |March 23, 2023 5:47:09 PM
Bought 1 lot.
67. MAMU |   Link |  Bookmark |March 22, 2023 11:55:58 PM
IPO Guru IPO Guru (1700+ Posts, 1100+ Likes)
With stoploss of 99/- i am holding all alloted shares.
67.1. SONMAYA |   Link |  Bookmark |March 23, 2023 10:46:04 AM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Good Luck. HOLD.
66. SJogi |   Link |  Bookmark |March 22, 2023 4:22:37 PM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
Surprised to see positive listing.
Good work by LM.
66.1. SJogi |   Link |  Bookmark |March 22, 2023 4:23:18 PM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
But yeh gir sakta hai
be cautious.
66.2. Santosh IPO Investor |   Link |  Bookmark |March 22, 2023 6:43:06 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
As expected positive listing
65. PKRAJ |   Link |  Bookmark |March 22, 2023 2:18:58 PM
Difficult to predict for such border line SMEs. Films can do any thing for investors.
"KAHI KHUSHI, KAHI GHIM,"
64. Dinesh Singh |   Link |  Bookmark |March 22, 2023 10:06:56 AM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Sold 1 lot @ 106.05
63. ARJUN'S EYE |   Link |  Bookmark |March 22, 2023 9:14:32 AM
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
VELS Film International Limited NSE SME IPO.
NSE Code:-14595
Symbol:-VELS
Group:-ST
ISIN:-INE0I3H01019
Issue Price:-99/-
Market Lot:-1200 Shares
Face Value:-10/-
Listing At:-NSE SME
62. KING VINOD |   Link |  Bookmark |March 22, 2023 8:43:59 AM
IPO Guru IPO Guru (2400+ Posts, 5300+ Likes)
VELS GMP 4 Buyer @ 8:40AM # 22 March.
61. Arjun Rajkot |   Link |  Bookmark |March 22, 2023 8:03:25 AM
IPO Guru IPO Guru (1000+ Posts, 1900+ Likes)
GMP 5 Rs BUYER RAJKOT
60. MAMU |   Link |  Bookmark |March 22, 2023 7:13:37 AM
IPO Guru IPO Guru (1700+ Posts, 1100+ Likes)
2.5 buyer🔥🔥🔥

Listing day
Hope it will not disappoint like prospect
59. Arjun Rajkot |   Link |  Bookmark |March 21, 2023 9:43:06 PM
IPO Guru IPO Guru (1000+ Posts, 1900+ Likes)
Some Gain expected.

Heard Good listing
58. MAMU |   Link |  Bookmark |March 20, 2023 5:41:38 PM
IPO Guru IPO Guru (1700+ Posts, 1100+ Likes)
1.25 - 2.25
57. KING VINOD |   Link |  Bookmark |March 19, 2023 1:51:40 PM
IPO Guru IPO Guru (2400+ Posts, 5300+ Likes)
VELS Film 🎥 Booking Opened
VELS 🎬 Game Started GMP 3 Buyer @ 1:45pm # 19 March
57.1. KAPPO |   Link |  Bookmark |March 20, 2023 2:43:00 PM
IPO Guru IPO Guru (1100+ Posts, 800+ Likes)
@ kingvinos

Bhai aama game thava ni100%
Shu kehvu tamaru
56. IPO Pappu |   Link |  Bookmark |March 18, 2023 8:43:46 PM
After listing the company will be called as
Pappu ipo.Listing will be atleastb -40 %
55. KING VINOD |   Link |  Bookmark |March 18, 2023 6:14:54 PM
IPO Guru IPO Guru (2400+ Posts, 5300+ Likes)
VELS Films GMP 2 Buyer @ 6pm # 18 March.
55.1. KING VINOD |   Link |  Bookmark |March 19, 2023 1:35:35 PM
IPO Guru IPO Guru (2400+ Posts, 5300+ Likes)
VELS GMP 3 Buyer @ 1:30pm # 19 March
54. GJ 😀 |   Link |  Bookmark |March 15, 2023 2:22:00 AM
IPO Mentor IPO Mentor (1600+ Posts, 400+ Likes)
Skipped
54.2. SJogi |   Link |  Bookmark |March 17, 2023 11:53:21 AM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
very risky ipo.
dont know what will happen with this.
agar gira toh bhot zorr se girega.
54.3. Santosh IPO Investor |   Link |  Bookmark |March 17, 2023 1:32:49 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
vels films also firm allotment.
53. Anari Investor |   Link |  Bookmark |March 14, 2023 8:44:42 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
This also skipped. Seems full allotment.
52. Romy HNI |   Link |  Bookmark |March 14, 2023 7:53:38 PM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
Avoided
51. Don Market Ka |   Link |  Bookmark |March 14, 2023 7:29:30 PM
Listing may surprise many - remember Promax power......
50. MAMU |   Link |  Bookmark |March 14, 2023 2:46:51 PM
IPO Guru IPO Guru (1700+ Posts, 1100+ Likes)
HNI category crossed 1x
50.1. DNM |   Link |  Bookmark |March 14, 2023 5:59:57 PM
eppidrua 🤙🤙🤙
49. GrayIsTheNewBlack |   Link |  Bookmark |March 14, 2023 1:28:39 PM
IPO Guru IPO Guru (2200+ Posts, 1300+ Likes)
1200 fix going on.
49.2. GrayIsTheNewBlack |   Link |  Bookmark |March 14, 2023 2:28:32 PM
IPO Guru IPO Guru (2200+ Posts, 1300+ Likes)
@MAMU
Paisa deke bhi subscription nhi aa rha ..
Darr ka mahaul hai ekdum
49.3. MAMU |   Link |  Bookmark |March 14, 2023 2:37:26 PM
IPO Guru IPO Guru (1700+ Posts, 1100+ Likes)
Bilkul sahi hai.. But lead manager will sail through i think so.