VELS Film IPO description – A member of South Indian Film Chamber of Commerce, VELS Film International is primarily in the business of production of films and sale of film rights. The company’s contribution to the South Indian Film Industry is growing in fast pace particularly to the Tamil Film Industry which is the third biggest in India.
The company promoter Dr. Ishari K Ganesh worked in the education sector and setup over 25 institutions with more than 25,000 students and with centres in India, Singapore and United Kingdom. Subsequently, the promoter shifted focus on film production.
Dr. Ishari K Ganesh’s late father Shri Isari Velan was a renowned comedian in Tamil Cinema of yesteryears and that inspired him to act in several films as well. Being born to a great actor and comedian, entering the film industry was a natural progression for Dr. Ishari K Ganesh. The promoter is involved in film industry since the movie ‘Vaaku Moolam’ in the year 1991. He has acted in multiple movies and the last movie in which he acted was S. Shankar’s ‘2.0’ which released in 2018.
Promoters of VELS Film – Dr. Ishari Kadhirvelan Ganesh
VELS Film IPO Details
| VELS Film IPO Dates | 10 – 14 March 2023 |
| VELS Film IPO Price | INR 99 per share |
| Fresh issue | 34,08,000 shares (INR 33.74 crore) |
| Offer For Sale | Nil |
| Total IPO size | 34,08,000 shares (INR 33.74 crore) |
| Minimum bid (lot size) | 1,200 shares (INR 118,800) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
VELS Film Financial Performance
| FY 2022 | H1 FY 2023 | |
| Revenue | 26.62 | 46.24 |
| Expenses | 22.31 | 45.09 |
| Net income | 3.38 | 1.34 |
VELS Film Offer News
- VELS Film RHP
- VELS Film Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
VELS Film Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | (1.33) | 85.58 | 3.56 |
| PE ratio | – | – | 27.81 |
| RONW (%) | (15.34) | 38.45 | 23.35 |
| NAV | 8.67 | 16.22 | 19.78 |
| Debt/Equity | – | – | 2.88 |
VELS Film IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 21 Mar 2023 | (5) | – | – |
| 20 Mar 2023 | (5) | – | – |
| 18 Mar 2023 | (5) | – | – |
| 17 Mar 2023 | (5) | – | – |
| 16 Mar 2023 | (5) | – | – |
VELS Film IPO Subscription – Live Updates
| Category | NII | Retail | Total |
| Shares Offered | 1,704,000 | 1,704,000 | 3,408,000 |
| 14 Mar 2023 | 1.16 | 0.92 | 1.04 |
| 13 Mar 2023 | 0.15 | 0.26 | 0.21 |
| 10 Mar 2023 | 0.10 | 0.01 | 0.06 |
VELS Film Offer Lead Manager
KHAMBATTA SECURITIES LIMITED
1 Ground Floor, 7/10, Botawala Building, 9
Bank Street, Horniman Circle, Fort, Mumbai,
Maharashtra – 400 001, India
Phone: 011-41645051, 022-66413315
Email: [email protected]
Website: www.khambattasecurities.com
VELS Film Offer Registrar
CAMEO CORPORATE SERVICES LIMITED
“Subramanian Building”,
#1, Club House Road,
Chennai – 600 002, Tamil Nadu
Telephone: 044-28460390
Email: [email protected]
Website: www.cameoindia.com
VELS Film Contact Details
VELS FILM INTERNATIONAL LIMITED
No. 521/2, Anna Salai Nandanam,
Chennai-600035, Tamil Nadu
Phone: 044 24315541/ 542
E-mail: [email protected]
Website: www.velsfilminternational.com
VELS Film IPO Allotment Status
VELS Film IPO allotment status is now available on Cameo Corporate Services’ website. Click on this link to get allotment status.
VELS Film IPO Dates & Listing Performance
| IPO Opening Date | 10 March 2023 |
| IPO Closing Date | 14 March 2023 |
| Finalisation of Basis of Allotment | 17 March 2023 |
| Initiation of refunds | 20 March 2023 |
| Transfer of shares to demat accounts | 21 March 2023 |
| VELS Film IPO Listing Date | 22 March 2023 |
| Opening Price on NSE SME | INR 101 per share (up 2.02%) |
| Closing Price on NSE SME | INR 103.40 per share (up 4.44%) |
VELS Film IPO FAQs
What is VELS Film offer size?
VELS Film offer size is INR 33.74 crore.
What is VELS Film IPO Price Band?
VELS Film public offer price is INR 99 per share.
What is the lot size of VELS Film IPO?
VELS Film offer a lot size is 1,200 shares.
What is VELS Film IPO GMP today?
VELS Film IPO GMP today is a discount of INR 5 per share.
What is the VELS Film kostak rate today?
VELS Film kostak rate today is NA per application.
What is VELS Film Subject to Sauda rate today?
VELS Film Subject to Sauda rate today is INR NA per application.
