Inspire Films IPO is a book built issue of Rs 21.23 crores. The issue is entirely a fresh issue of 35.98 lakh shares.
Inspire Films IPO opens for subscription on September 25, 2023 and closes on September 27, 2023. The allotment for the Inspire Films IPO is expected to be finalized on Tuesday, October 3, 2023. Inspire Films IPO will list on NSE SME with tentative listing date fixed as Friday, October 6, 2023.
Inspire Films IPO price band is set at ₹56 to ₹59 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹118,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹236,000.
Narnolia Financial Services Ltd is the book running lead manager of the Inspire Films IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for Inspire Films IPO is Share India Securities.
Refer to Inspire Films IPO RHP for detailed information.
Inspire Films IPO Details
| IPO Date | September 25, 2023 to September 27, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹56 to ₹59 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,598,000 shares (aggregating up to ₹21.23 Cr) |
| Fresh Issue | 3,598,000 shares (aggregating up to ₹21.23 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 10,011,299 |
| Share holding post issue | 13,609,299 |
| Market Maker portion | 180,000 shares Share India Securities |
Inspire Films IPO Reservation
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
Inspire Films IPO Anchor Investors Details
Inspire Films IPO raises Rs 6.03 crore from anchor investors. Inspire Films IPO Anchor bid date is September 22, 2023. Inspire Films IPO Anchor Investors list
| Bid Date | September 22, 2023 |
| Shares Offered | 1022000 |
| Anchor Portion Size (In Cr.) | 6.03 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 16, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 12, 2024 |
Inspire Films IPO Timeline (Tentative Schedule)
Inspire Films IPO opens on September 25, 2023, and closes on September 27, 2023.
| IPO Open Date | Monday, September 25, 2023 |
| IPO Close Date | Wednesday, September 27, 2023 |
| Basis of Allotment | Tuesday, October 3, 2023 |
| Initiation of Refunds | Wednesday, October 4, 2023 |
| Credit of Shares to Demat | Thursday, October 5, 2023 |
| Listing Date | Friday, October 6, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 27, 2023 |
Inspire Films IPO Lot Size
Investors can bid for a minimum of 2000 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 | 2000 | ₹118,000 |
| Retail (Max) | 1 | 2000 | ₹118,000 |
| HNI (Min) | 2 | 4,000 | ₹236,000 |
| Lot Size Calculator |
Inspire Films IPO Promoter Holding
Yash Arabinda Patnaik and Beyond Dreams Entertainment Private Limited are the company’s promoters.
| Share Holding Pre Issue | 93.98% |
| Share Holding Post Issue | 69.17% |
About Inspire Films Limited
Incorporated in 2012, Inspire Films Limited is engaged in the business of creation, production, distribution, and exhibition of television and digital content.
the company has three business verticals:
- TV – Hindi GEC (General Entertainment Channels): This includes content creation for linear broadcast channels such as Star Plus, Star Bharat, Colors TV, Zee TV, Sony, Dangal, Shemaroo, etc. This is done through a contract basis which typically lasts for 1 year / 260 episodes (5 days a week)/ 312 episodes (6 days a week) or 1 year / 52-156 episodes (1-3 days a week) which then get renewed on yearly basis, based on the show performance. Each episode (including commercial advertisement) is a 30-60-minute slot.
- Digital content and platform (OTT): This includes content created for OTT platforms such as Netflix, Amazon, Sony Liv, MX Player, Disney+Hotstar, Voot, Zee5, etc. The contracts for OTT are typically 8 to 10 episodes for 45-60-minute episodes and 25 to 60 episodes for 22-25-minute episodes, which then gets extended to multiple seasons based on the popularity of the season.
- Regional content: This includes content produced for regional language channels such as Telugu, Tamil, Malayalam, Bengali, Marathi, etc. Both the models above apply in a similar manner in the regional space.
The company has produced over 10,000 episodes of popular content (35 originals) 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.
Company Financials
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 2,849.54 | 3,053.87 | 4,159.88 |
| Revenue | 1,942.47 | 3,815.28 | 4,884.82 |
| Profit After Tax | -83.00 | 25.92 | 404.82 |
| Net Worth | 780.37 | 806.29 | 1,311.22 |
| Reserves and Surplus | 779.37 | 805.29 | 1,310.16 |
| Total Borrowing | 1,025.55 | 359.95 | 836.85 |
Amount in ₹ Lakhs
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 30.88% |
| ROCE | 32.01% |
| Debt/Equity | 0.64 |
| EPS (Rs) | 3925 |
| RoNW | 30.88% |
Check Inspire Films IPO Peer Comparison here.
Objects of the Issue (Inspire Films IPO Objectives)
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- To meet the Working Capital requirements of the Company.
- To meet the General Corporate Purposes.
- To meet the Issue Expenses.
Inspire Films IPO Review (Neutral)
[Dilip Davda] IFL is engaged in providing digital content and related services for television and film-making. It has reported boosted profits for FY23 which raises concern as it is in a highly competitive and fragmented segment. Well-informed/cash-rich/risk seekers may park funds and others may skip in this “High Risk/Low Return” bet. Read detail review…
Inspire Films IPO Prospectus
Inspire Films IPO Contact Details
Inspire Films Limited
111, 1st Floor, Shree Kamdhenu Estate,
Chincholi Off Link Road, Bhd Tangent Showroom,
Charkop, Malad Mumbai – 400064
Phone: 022- 46095834
Email: compliance@inspirefilms.in
Website: http://www.inspirefilms.in/
Inspire Films IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues