Baweja Studios IPO is a book built issue of Rs 97.20 crores. The issue is a combination of fresh issue of 40 lakh shares aggregating to Rs 72.00 crores and offer for sale of 14 lakh shares aggregating to Rs 25.20 crores.
Baweja Studios IPO opens for subscription on January 29, 2024 and closes on February 1, 2024. The allotment for the Baweja Studios IPO is expected to be finalized on Friday, February 2, 2024. Baweja Studios IPO will list on NSE SME with tentative listing date fixed as Tuesday, February 6, 2024.
Baweja Studios IPO price band is set at ₹170 to ₹180 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹144,000. The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to ₹288,000.
Fedex Securities Pvt Ltd is the book running lead manager of the Baweja Studios IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.
Refer to Baweja Studios IPO DRHP for detailed information.
Baweja Studios IPO Details
| IPO Date | January 29, 2024 to February 1, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹170 to ₹180 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 5,400,000 shares (aggregating up to ₹97.20 Cr) |
| Fresh Issue | 4,000,000 shares (aggregating up to ₹72.00 Cr) |
| Offer for Sale | 1,400,000 shares of ₹10 (aggregating up to ₹25.20 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 14,427,001 |
| Share holding post issue | 18,427,001 |
| Market Maker portion | 288,000 shares |
Baweja Studios IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Baweja Studios IPO Timeline (Tentative Schedule)
Baweja Studios IPO opens on January 29, 2024, and closes on February 1, 2024.
| IPO Open Date | Monday, January 29, 2024 |
| IPO Close Date | Thursday, February 1, 2024 |
| Basis of Allotment | Friday, February 2, 2024 |
| Initiation of Refunds | Monday, February 5, 2024 |
| Credit of Shares to Demat | Monday, February 5, 2024 |
| Listing Date | Tuesday, February 6, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 1, 2024 |
Baweja Studios IPO Lot Size
Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹144,000 |
| Retail (Max) | 1 | 800 | ₹144,000 |
| HNI (Min) | 2 | 1,600 | ₹288,000 |
| Lot Size Calculator | |||
Baweja Studios IPO Promoter Holding
The promoter of the company are Harjaspal Singh Baweja, Paramjit Harjaspal Baweja, Harman Baweja and Rowena Baweja.
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue |
About Baweja Studios Limited
Incorporated in March 16, 2001, Baweja Studios Limited is a production company, producing Hindi and Panjabi films such as Chaar Sahibzaade, Love Story 2050, Qayamat and Bhaukaal. Also, the Company is in the business of trading movie rights. They purchase rights from producers and sell them to exhibitors and streaming platforms.
By June 2023, the company ;has completed 22 projects, with 6 films in production and 7 in pre-production.
Baweja Studios is a content production house that focuses on creating technology-based commercial films. The goal of the company is to push the boundaries of storytelling and incorporate technological advancements in its field. As part of their business process, they research and develop scripts, produce content end-to-end, create intellectual property, and monetize rights.
The company has diversified into various areas including digital films, web series, animation films, Punjabi films, advertisement films, and music videos.
As of June 22, 2023, the company employs a total of 16 full-time staff across various departments.
The competitive strength of the company are :-
- The Promoter, Mr. Harman Baweja, has played a significant role in the growth and development of our business with his 22 years of experience in the media and entertainment industry.
- The Directors and other Key Managerial Personnel lead day-to-day activities, ensuring a lean and hands-on organization.
- Long-standing relationships in the industry
- Diverse and growing Content Library
- The business model that relies on technology involves utilizing a company’s ability to form a skilled team for producing innovative films, effective marketing, expert management to identify potential scripts, acquiring new OTT platforms and online digital partners and customers, budgeting for film production, and achieving economies of scale.
Baweja Studios Limited Financial Information (Restated)
Baweja Studios Limited’s revenue increased by 86.2% and profit after tax (PAT) rose by 188.8% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 4,489.98 | 3,056.03 | 3,223.67 |
| Revenue | 7,628.31 | 4,096.79 | 1,954.11 |
| Profit After Tax | 796.91 | 275.94 | 764.60 |
| Net Worth | 1,986.28 | 724.07 | 448.13 |
| Reserves and Surplus | 543.58 | 181.07 | 445.13 |
| Total Borrowing | 142.38 | 266.86 | 179.60 |
| Amount in ₹ Lakhs | |||
Key Performance Indicator
The market capitalization of Baweja Studios IPO is Rs 331.69 Cr.
| KPI | Values |
|---|---|
| ROE | 40.12% |
| ROCE | 52.55% |
| Debt/Equity | 0.07 |
| RoNW | 40.12% |
| P/BV | 13.07 |
Check Baweja Studios IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.52 | 4.32 |
| P/E (x) | 32.59 | 41.62 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2023 that is available in RHP.
Objects of the Issue (Baweja Studios IPO Objectives)
The company proposes to utilize the net proceeds from the Offer towards funding the following objects and achieve the benefits of listing on NSE Emerge platform of National Stock Exchange of India Limited:
- To meet the working capital requirements;
- General corporate purposes
Baweja Studios Limited Contact Details
Baweja Studios Limited
Flat No. C/65, Ashirwad, 2nd
Cross Lane, Lokhandwala
Complex, Andheri, Mumbai -400053
Phone: +91 22 3590 1403
Email: cs@bawejastudios.com
Website: https://www.bawejastudios.com/
Baweja Studios IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: cs@bawejastudios.com
Website: https://www.skylinerta.com/ipo.phpv