Incorporated in 2019, VELS Film International Limited is a prominent player in the film industry, specializing in film production and film rights sales. The company was founded by Dr. Ishari K Ganesh, driven by the vision to create feature films in multiple languages.
As an esteemed member of the South Indian Film Chamber of Commerce, VELS Film International has been making significant strides, contributing to the growth of the South Indian Film Industry. Notably, the Tamil Film Industry stands as the third largest film industry in India.
Since its inception, VELS Film International Limited has successfully produced several notable movies, including “Mookuthi Amman,” “Kutty Story,” “Sumo,” “Joshua Imai Pol Kaakha,” and “Vendhu Thanindhathu Kaadu.” The company’s upcoming projects, such as “Singapore Salon,” “Corona Kumar,” and “Chutney Sambar,” further showcase their dedication to delivering compelling and diverse cinematic experiences.
The company’s strengths are attributed to its experienced Directors and Management Team, the esteemed reputation of the “VELS” and “Dr. Ishari K. Ganesh” names, a robust distribution network, and its current growth stage, demonstrating visible revenue streams.
VELS Film International Limited continues to evolve as a prominent player in the film industry, fostering creativity and excellence in film production, and making a significant impact in the dynamic world of cinema.
Stock Quote #
- Open: ₹93.05
- High – Low: ₹93.05 – ₹93.05
- Previous Close: ₹96.90
- Total Traded Value: 1,200
- Updated On: Jul 21, 2023 4:00 PM
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 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 Reservation #
| 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 Timetable (Tentative) #
VELS Film International IPO opens on Mar 10, 2023, and closes on Mar 14, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Friday, 10 March 2023 |
| Closing Date | Tuesday, 14 March 2023 |
| Basis of Allotment | Friday, 17 March 2023 |
| Initiation of Refunds | Monday, 20 March 2023 |
| Credit of Shares to Demat | Tuesday, 21 March 2023 |
| Listing Date | Wednesday, 22 March 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mar 14, 2023 |
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 #
| 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 | |||||
Key Performance Indicator #
| KPI | Values |
|---|---|
| P/E (x) | 58.58 |
| Market Cap (₹ Cr.) | 127.79 |
Objects of the Issue #
The company intends to utilize the proceeds of the Issue to meet the following objectives: –
- Film production;
- General Corporate Purpose;
- To meet the Issue Expenses
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)
| Category | Subscription (times) |
|---|---|
| Other | 1.22 |
| Retail | 0.97 |
| Total | 1.10 |
Total Application : 1,310 (0.97 times)
VELS Film International IPO Prospectus #
- › VELS Film International IPO DRHP
- › VELS Film International IPO RHP
VELS Film International IPO Listing Details #
| Listing Date | Mar 22, 2023 |
| BSE Script Code | |
| NSE Symbol | VELS |
| ISIN | INE0I3H01019 |
| Final Issue Price | ₹99 per share |
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…
Company Contact Information #
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 Lead Manager(s) #
Frequently Asked Questions #
When does the VELS Film International IPO open and close? #
The VELS Film International IPO opens on March 10, 2023, and closes on March 14, 2023.
What is the IPO price and face value of VELS Film International? #
The IPO price of VELS Film International is ₹99 per equity share, and the face value is ₹10.
What is the IPO size and lot size of VELS Film International IPO? #
The VELS Film International IPO size is ₹33.74 Crores, and the lot size is 1200 shares.
Where will VELS Film International IPO be listed? #
VELS Film International IPO will be listed on NSE SME on March 22, 2023.
What is the subscription status of VELS Film International IPO? #
As of the latest update, the IPO has been subscribed 1.10 times, with Qualified Institutional Buyers (QIB) subscribing 0 times, Non-Institutional Investors (NII) subscribing 1.22 times, and Retail Individual Investors (RII) subscribing 0.97 times.
What is the VELS Film International IPO allotment date? #
The basis of allotment for VELS Film International IPO will be finalized on March 17, 2023.
How can I apply for VELS Film International IPO? #
Retail investors can apply for VELS Film International IPO shares online through the banks (using ASBA) or through the broker (using UPI). Several banks and brokers offer the facility for online IPO applications.
How can I check the VELS Film International IPO subscription status? #
You can check the live subscription status of VELS Film International IPO on the official website or financial portals that provide such information.
What are the objectives of the VELS Film International IPO? #
The net proceeds from the IPO will be utilized for film production, general corporate purposes, and to meet the issue expenses.
What are the strengths and risks associated with VELS Film International? #
The strengths of VELS Film International include its solid distribution network, a renowned promoter with goodwill, and a growing middle-class audience base. The risks include competition from established production houses and potential impact from changes in government policies.
Please note that the information provided here is based on the available data and may be subject to change. For the most up-to-date and accurate information, it is recommended to visit the official sources and financial portals directly.
