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

Mar 10, 2023 - Mar 14, 2023

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

Objects of the Issue

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 Details

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 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

VELS Film International IPO Reservation

NII (HNI) Shares Offered1,617,600 (50% of the Net Offer)
Retail Shares Offered1,617,600 (50% of the Net Offer)
Market Maker portion172,800 shares (SS CORPORATE SECURITIES LIMITED)
Total Shares Offered3,235,200


KPI Values
P/E (x)27.81
Market Cap (₹ Cr.)127.79

VELS Film International IPO Tentative Timetable

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

VELS Film International IPO Lot Size

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

VELS Film International IPO Promoter Holding

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

Pre Issue Share Holding 100%
Post Issue Share Holding

Company Financials

VELS Film International Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
Amount in ₹ Lakhs

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 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)

CategorySubscription (times)

Total Application : 1,310 (0.97 times)

VELS Film International IPO Prospectus

VELS Film International IPO Rating

Rating:Rated 1.9 stars
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VELS Film International IPO Listing Details

Listing Date Mar 22, 2023
BSE Script Code
IPO Price ₹99 per share

Listing Day Trading Information

Price Details
IPO Price
Last Trade

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Company Contact Information

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 Analysis

VELS Film International IPO Recommendation Summary

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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 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

  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 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.

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

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