VELS Film IPO GMP, Review, Price, Allotment

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VELS Film IPO GMP

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 Dates10 – 14 March 2023
VELS Film IPO PriceINR 99 per share
Fresh issue34,08,000 shares (INR 33.74 crore)
Offer For SaleNil
Total IPO size34,08,000 shares (INR 33.74 crore)
Minimum bid (lot size)1,200 shares (INR 118,800)
Face Value INR 10 per share
Retail Allocation50%
Listing OnNSE Emerge

VELS Film Financial Performance

 FY 2022H1 FY 2023
Revenue26.6246.24
Expenses22.3145.09
Net income3.381.34
Figures in INR Crores unless specified otherwise

VELS Film Offer News


VELS Film Valuations & Margins

FY 2020FY 2021FY 2022
EPS(1.33)85.583.56
PE ratio27.81
RONW (%)(15.34)38.4523.35
NAV8.6716.2219.78
Debt/Equity2.88
*Compiled by IPO Central from Prospectus

VELS Film IPO GMP Today

DateConsolidated IPO GMPKostakSubject 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

CategoryNIIRetailTotal
Shares Offered1,704,0001,704,0003,408,000
14 Mar 20231.160.921.04
13 Mar 20230.150.260.21
10 Mar 20230.100.010.06

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 Date10 March 2023
IPO Closing Date14 March 2023
Finalisation of Basis of Allotment17 March 2023
Initiation of refunds20 March 2023
Transfer of shares to demat accounts21 March 2023
VELS Film IPO Listing Date22 March 2023
Opening Price on NSE SMEINR 101 per share (up 2.02%)
Closing Price on NSE SMEINR 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.

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