The Inspire Films IPO started on September 25, 2023, and ended on September 27, 2023. Shares were allocated on October 3, 2023, and refund processes began on October 4, 2023. On October 5, 2023, the shares were credited to investors demat accounts. Inspire Films was officially listed on the stock exchange on October 6, 2023.
During the IPO, Inspire Films offered shares at a price range of ₹56 to ₹59 per share, and the lot size was 2000 shares. The total issue size was ₹21.23 crores, with ₹21.23 crores from new shares. The IPO was listed on the NSE SME.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
Inspire Films Limited IPO Subscription Update Video
Inspire Films IPO Subscription Status
The Inspire Films IPO on September 26, 2023 was subscribed 34.91 times, with the retail category being subscribed 55.71 times, the NII (Non-Institutional Investor) category being subscribed 23.34 times, the QIB (Qualified-Institutional Buyers) category being subscribed 7.07 times.
Inspire Films IPO Basic Details
|Company Name||Inspire Films Limited|
|Domain of Company||Creating, Producing, Distributing, and|
Showcasing Television and Digital Content
|IPO Open Date||September 25, 2023|
|IPO Close Date||September 27, 2023|
|IPO Allotment Date||October 3, 2023|
|IPO Listing Date||October 6, 2023|
|Face Value||₹10 per share|
|Price||₹56 to ₹59 per share|
|Lot Size||2000 Shares|
|Issue Size||3,598,000 shares of ₹10|
(aggregating up to ₹21.23 Cr)
|Fresh Issue||3,598,000 shares of ₹10|
(aggregating up to ₹21.23 Cr)
|Issue Type||Book Built Issue IPO|
|Listing At||NSE SME|
|Company Promoters||Yash Arabinda Patnaik and|
Beyond Dreams Entertainment
About Inspire Films Limited
Inspire Films Limited was founded in 2012 and is involved in the entertainment industry. They create, produce, distribute, and showcase television and digital content.
The company operates in three main areas:
- Television (Hindi GEC – General Entertainment Channels):
- They create content for popular TV channels like Star Plus, Star Bharat, Colors TV, Zee TV, Sony, Dangal, Shemaroo, and more.
- Typically, they work on contracts lasting for one year, producing 260 episodes (5 days a week) or 312 episodes (6 days a week), or 52-156 episodes (1-3 days a week). These contracts are renewed yearly based on the show’s performance.
- Each episode, including commercials, is a 30-60-minute segment.
- Digital Content and OTT Platforms:
- They also produce content for streaming platforms like Netflix, Amazon, Sony Liv, MX Player, Disney+Hotstar, Voot, and Zee5.
- Contracts for OTT typically consist of 8 to 10 episodes, each lasting 45-60 minutes, or 25 to 60 episodes, with episodes running 22-25 minutes. These contracts can extend to multiple seasons based on the show’s popularity.
- Regional Content:
- Inspire Films creates content for regional language channels such as Telugu, Tamil, Malayalam, Bengali, Marathi, and more.
- The same contract models apply to their regional productions.
In total, the company has produced over 10,000 episodes of popular content, including 35 original series, 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.
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Inspire Films IPO FAQs
What is the start and end date of Inspire Films IPO Subscription?
The Inspire Films IPO started on September 25, 2023, and ended on September 27, 2023.
When does Inspire Films IPO Subscription open?
The Inspire Films IPO open on September 25, 2023.
When does Inspire Films IPO Subscription close?
The Inspire Films IPO Close on September 27, 2023.
What is the allotment date of Inspire Films IPO?
The allotment date for Inspire Films IPO is October 3, 2023.
When is the initial refund date of Inspire Films IPO?
The initial Refund date for Inspire Films IPO is October 4, 2023.
When were the shares credited to investors demat accounts for the Inspire Films IPO?
The shares for the Inspire Films IPO were credited to investors demat accounts on October 5, 2023.
When will Inspire Films IPO be listed on the stock market?
Inspire Films IPO stock market will be listed on October 6, 2023 at 10 am.
What was the price range of the Inspire Films IPO shares?
The Inspire Films IPO shares were offered at a price range of ₹56 to ₹59 per share.
What was the lot size for the Inspire Films IPO shares?
The lot size for the Inspire Films IPO shares was 2000 shares.
What was the total issue size of the Inspire Films IPO?
The total issue size of the Inspire Films IPO was ₹21.23 crores.
How were the shares allocated among different types of investors for the Inspire Films IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Inspire Films IPO listed?
The Inspire Films IPO was listed on the NSE SME.
What is the Inspire Films IPO Subscription Status?
Inspire Films IPO is subscribed Times.