The Inspire Films Limited IPO is a book-built offering with a total issue size of Rs 21.19 crores. This IPO consists entirely of a fresh issue of 35.91 lakh shares.
Here are the key details and dates:
- Subscription Period: The Inspire Films IPO is open for subscription from September 25, 2023, to September 27, 2023.
- Allotment Date: The final allotment for the Inspire Films IPO is expected to be completed on Tuesday, October 3, 2023.
- Listing Date: The shares from the Inspire Films IPO are set to list on NSE SME, with a tentative listing date scheduled for Friday, October 6, 2023.
- Price Band: The IPO price band for Inspire Films is in the range of ₹56 to ₹59 per share.
- Lot Size: The minimum lot size for an application is 2,000 shares.
- Minimum Investment: Retail investors are required to invest a minimum of ₹118,000 to participate in the IPO. High Net Worth Individuals (HNIs) have a minimum investment of 2 lots, which is equivalent to 4,000 shares, amounting to ₹236,000.
- Key Players: Narnolia Financial Services Ltd is the book running lead manager for the Inspire Films IPO, while Maashitla Securities Private Limited serves as the registrar for the issue.
For more detailed information and insights, interested investors are advised to refer to the Inspire Films IPO Red Herring Prospectus (RHP). These details are crucial for potential investors considering participation in the Inspire Films IPO.
Inspire Films IPO Details #
| IPO Date | September 25, 2023 to September 27, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹56 to ₹59 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,591,000 shares (aggregating up to ₹21.19 Cr) |
| Fresh Issue | 3,591,000 shares (aggregating up to ₹21.19 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 10,011,299 |
| Share holding post issue | 13,602,299 |
| Market Maker portion | 180,000 shares |
Inspire Films IPO Reservation #
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
Inspire Films IPO Timeline (Tentative Schedule) #
Inspire Films IPO opens on September 25, 2023, and closes on September 27, 2023.
| IPO Open Date | Monday, September 25, 2023 |
| IPO Close Date | Wednesday, September 27, 2023 |
| Basis of Allotment | Tuesday, October 3, 2023 |
| Initiation of Refunds | Wednesday, October 4, 2023 |
| Credit of Shares to Demat | Thursday, October 5, 2023 |
| Listing Date | Friday, October 6, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 27, 2023 |
Inspire Films IPO Lot Size #
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 | ₹118,000 |
| Retail (Max) | 1 | 2000 | ₹118,000 |
| HNI (Min) | 2 | 4,000 | ₹236,000 |
| Lot Size Calculator | |||
Inspire Films IPO Promoter Holding #
Yash Arabinda Patnaik and Beyond Dreams Entertainment Private Limited are the company’s promoters.
| Share Holding Pre Issue | 93.98% |
| Share Holding Post Issue | 69.17% |
About Inspire Films IPO #
Incorporated in 2012, Inspire Films Limited is engaged in the business of creation, production, distribution, and exhibition of television and digital content.
the company has three business verticals:
- TV – Hindi GEC (General Entertainment Channels): This includes content creation for linear broadcast channels such as Star Plus, Star Bharat, Colors TV, Zee TV, Sony, Dangal, Shemaroo, etc. This is done through a contract basis which typically lasts for 1 year / 260 episodes (5 days a week)/ 312 episodes (6 days a week) or 1 year / 52-156 episodes (1-3 days a week) which then get renewed on yearly basis, based on the show performance. Each episode (including commercial advertisement) is a 30-60-minute slot.
- Digital content and platform (OTT): This includes content created for OTT platforms such as Netflix, Amazon, Sony Liv, MX Player, Disney+Hotstar, Voot, Zee5, etc. The contracts for OTT are typically 8 to 10 episodes for 45-60-minute episodes and 25 to 60 episodes for 22-25-minute episodes, which then gets extended to multiple seasons based on the popularity of the season.
- Regional content: This includes content produced for regional language channels such as Telugu, Tamil, Malayalam, Bengali, Marathi, etc. Both the models above apply in a similar manner in the regional space.
The company has produced over 10,000 episodes of popular content (35 originals) for leading Indian broadcasters and OTT platforms like Star Plus, Colors, Sony Entertainment Television, Disney+Hotstar, MX Player, Sony LIV, Jio Cinema, Voot Select, Channel V, Cartoon Network, Star Gold, Pogo, Disney Channel, Star Pravah, Tarang TV, Sun TV, Surya TV and others.
Company Financials #
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 2,849.54 | 3,053.87 | 4,159.88 |
| Revenue | 1,942.47 | 3,815.28 | 4,884.82 |
| Profit After Tax | -83.00 | 25.92 | 404.82 |
| Net Worth | 780.37 | 806.29 | 1,311.22 |
| Reserves and Surplus | 779.37 | 805.29 | 1,310.16 |
| Total Borrowing | 1,025.55 | 359.95 | 836.85 |
Key Performance Indicator #
| KPI | Values |
|---|---|
| ROE | 30.88% |
| ROCE | 32.01% |
| Debt/Equity | 0.64 |
| RoNW | 30.88% |
Objects of the Issue (Inspire Films IPO Objectives) #
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- To meet the Working Capital requirements of the Company.
- To meet the General Corporate Purposes.
- To meet the Issue Expenses.
Inspire Films IPO Prospectus #
Inspire Films IPO Contact Details #
111, 1st Floor, Shree Kamdhenu Estate,
Chincholi Off Link Road, Bhd Tangent Showroom,
Charkop, Malad Mumbai – 400064
Phone: 022- 46095834
Email: compliance@inspirefilms.in
Website: http://www.inspirefilms.in/
Inspire Films IPO Registrar #
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Inspire Films IPO Lead Manager(s) #
FAQs #
What is the total issue size of the Inspire Films Limited IPO? #
The Inspire Films Limited IPO has a total issue size of ₹21.19 crores, consisting entirely of a fresh issue of 35.91 lakh shares.
When is the subscription period for the Inspire Films IPO? #
The subscription period for the Inspire Films IPO is from September 25, 2023, to September 27, 2023.
When will the allotment for the Inspire Films IPO be finalized? #
The final allotment for the Inspire Films IPO is expected to be completed on Tuesday, October 3, 2023.
When is the listing date for shares from the Inspire Films IPO? #
The shares from the Inspire Films IPO are tentatively scheduled to list on NSE SME on Friday, October 6, 2023.
What is the price band for the Inspire Films IPO? #
The price band for the Inspire Films IPO is in the range of ₹56 to ₹59 per share.
What is the minimum lot size for an application in the Inspire Films IPO? #
The minimum lot size for an application in the Inspire Films IPO is 2,000 shares.
What is the minimum investment required for retail investors and HNIs to participate in the Inspire Films IPO? #
Retail investors need a minimum investment of ₹118,000 to participate in the IPO. High Net Worth Individuals (HNIs) have a minimum investment of 2 lots, which is equivalent to 4,000 shares, amounting to ₹236,000.
Who are the key players involved in the Inspire Films IPO? #
Narnolia Financial Services Ltd is the book running lead manager for the Inspire Films IPO, while Maashitla Securities Private Limited serves as the registrar for the issue.
Who are the promoters of Inspire Films Limited? #
Yash Arabinda Patnaik and Beyond Dreams Entertainment Private Limited are the promoters of the company.
What are the key business verticals of Inspire Films Limited? #
Inspire Films Limited operates in three business verticals:
TV – Hindi GEC (General Entertainment Channels).
Digital content and platform (OTT).
Regional content for various languages.
What are the key financial indicators of Inspire Films Limited as of March 31, 2023? #
Return on Equity (ROE): 30.88%
Return on Capital Employed (ROCE): 32.01%
Debt/Equity Ratio: 0.64
Return on Net Worth (RoNW): 30.88%
What are the objectives of the Inspire Films IPO? #
The company intends to utilize the net proceeds from the issue for the following purposes:
To meet the Working Capital requirements of the Company.
To meet General Corporate Purposes.
To meet the Issue Expenses.
