VELS Film International IPO GMP | Details, Date, Price, Size

VELS Film International IPO Details ( VELS Film IPO Review )

(10 Mar 2023 – 14 Mar 2023)

VElS Film International Limited was established in 2019, with a focus on film production and the distribution of film rights. Dr. Ishari K Ganesh, the company’s founder, had a vision to create feature films in multiple languages, and he promoted the company to achieve this goal.

As a member of the South Indian Film Chamber of Commerce, VELS Film has been expanding its contributions to the South Indian Film Industry and experiencing rapid growth. It is worth noting that the Tamil Film Industry, of which VELS Film is a part, ranks third among India’s largest film industries.

VELS Film International Limited has created the subsequent films since its establishment:

• Mookuthi Amman
• Kutty Story
• Sumo
• Joshua Imai Pol Kaakha
• Vendhu Thanindhathu Kaadu

VELS Film International Limited has announced its association with several upcoming projects, such as Singapore Salon, Corona Kumar, and Chutney Sambar.

VELS Film International IPO Competitive Strength

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

VELS Film International IPO Financials Performance ( Results )

VELS Film International Limited Financial Information ( Restated Standalone )

All Amount in ₹ Lakhs

Period Ended	Total Assets	Total Revenue	PAT	EPS	Net Worth	NAV	Reserves	Borrowing
31-Mar-20	791.98	–	-1.33	-1.33	8.67	8.67	-1.33	–
31-Mar-21	4,121.84	2601.37	592.52	85.58	1541.19	16.22	591.19	–
31-Mar-22	10,730.39	2735.83	469.48	4.94	1,879.42	21.16	1060.67	3572.09

Objective of IPO Issue

• Film production
• General Corporate Purpose
• To meet the Issue Expenses

VELS Film International IPO Basic Details

IPO Date	Mar 10, 2023 to Mar 14, 2023
Listing Date	Wednesday, March 22, 2023
Face Value	₹10 per share
Price	₹99 per share
Lot Size	1200 Shares
Issue Size	3,408,000 shares of ₹10 (aggregating up to ₹33.74 Cr)
Fresh Issue	3,408,000 shares of ₹10 (aggregating up to ₹33.74 Cr)
Issue Type	Fixed Price Issue IPO
Listing At	NSE SME
P/E (x)	58.58x
Market Cap (₹ Cr.)	127.79
NII (HNI) Shares Offered	50% of the Offer
Retail Shares Offered	50% of the Offer
Company Promoters	Dr. ISHARI KADHIRVELAN GANESH

VELS Film International IPO Timetable

VELS Film International IPO will open on Mar 10, 2023 and close on Mar 14, 2023. You can join VELS Film International IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

Event	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

VELS Film International IPO Lot Size

For retail investors in VELS Film International IPO, 1200 shares will come in 1 lot or the minimum investment will be ₹118,800. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹118,800.

Application	Lots	Shares	Amount
Retail (Min)	1	1200	₹118,800
Retail (Max)	1	1200	₹118,800
S-HNI (Min)	2	2400	₹237,600

VELS Film International IPO Promoter Holding

Pre Issue Share Holding	100.00%
Post Issue Share Holding	–

VELS Film International IPO Valuation – FY2022

Earning Per Share (EPS)	₹4.94 per Equity Share
Price/Earning P/E Ratio	58.58x
Return on Net Worth (RoNW)	23.35%
Net Asset Value (NAV)	₹19.78 per Equity Share
Upper Price/Book Value (Price/BV) Ratio	5.01

VELS Film International Ltd Peer comparison

As per the offer document, the company has no listed peers to compare with. 

VELS Film International IPO GMP Live Update, Kostak Rate day by day

Date	GMP	Kostak	Subject to
16 March 2023	₹-7	–	–
15 March 2023	₹-7	–	–
14 March 2023	₹-8	–	–
13 March 2023	₹-8	–	–
12 March 2023	₹0	–	–
11 March 2023	₹0	–	–
10 March 2023	₹0	–	–
09 March 2023	₹0	–	–

VELS Film International IPO Detail Video:

VELS Film International IPO Subscription Status (Bidding Detail)

The VELS Film International IPO on Mar 14, 2023 at 7:30:00 PM was subscribed 1.10 times, with the retail category being subscribed 0.97 times, the NII (Non-Institutional Investor) category being subscribed 1.22 times.

Category	Subscription
NII	1.22x
Retail	0.97x
Total	1.10x

VELS Film International IPO Prospectus

VELS Film International IPO DRHP	Download
VELS Film International IPO RHP	Download

VELS Film International IPO Rating

Our Rating

1.0/5.0

VELS Film International Compnay Contact Information

VELS Film International Limited

Registered Office: No. 521/2, Anna Salai Nandanam, Chennai-600035, Tamil Nadu, India
Tel No.: 044 24315541/ 542
E-mail: info@velsfilminternational.com
Website: www.velsfilminternational.com
Contact Person: Mr. Ganesan Thiagarajan, Chief Financial Officer
PROMOTER OF OUR COMPANY: Dr. ISHARI KADHIRVELAN GANESH

VELS Film International IPO Registrar

CAMEO CORPORATE SERVICES LIMITED

Address: Subramanian Building, No. 1 Club House
Road, Chennai-600002, Tamil Nadu, India
Tel: 044 – 40020700
Email: priya@cameoindia.com
Website: www.cameoindia.com
Contact Person: Mr. K. Sreepriya
SEBI Registration No: INR000003753

VELS Film International IPO Lead Manager

KHAMBATTA SECURITIES LIMITED

Address: 1 Ground Floor, 7/10, Botawala Building, 9
Bank Street, Horniman Circle, Fort, Mumbai,
Maharashtra – 400 001, India
Tel: 011-41645051, 022-66413315
Email: ipo@khambattasecurities.com
Investor Grievance Email: mbcomplaints@khambattasecurities.com
Website: www.khambattasecurities.com
Contact Person: Mr. Vipin Aggarwal; Mr. Vinay Pareek
SEBI Registration No.: INM000011914

VELS Film International IPO FAQs