Incorporated in 2019, VELS Film International Limited is primarily in the business of the production of films and the sale of film rights. The company is Promoted by Dr. Ishari K Ganesh who started the venture with the vision to produce feature films in various languages.
VELS Film is a member of the South Indian Film Chamber of Commerce. The company is growing at a fast pace as its contribution to the South Indian Film Industry is widening. The Tamil Film Industry is the third biggest film industry in India.
Since incorporation, VELS Film International Limited has produced the following movies:
- Mookuthi Amman
- Kutty Story
- Sumo
- Joshua Imai Pol Kaakha
- Vendhu Thanindhathu Kaadu
Some of the forthcoming projects, the company is associated with, are – Singapore Salon, Corona Kumar, and Chutney Sambar.
The company derives its strengths from the following factors:
- Experienced Directors and Management Team
- Value of the “VELS” and “Dr. Ishari K. Ganesh” name
- Distribution network
- Growth Stage and visible revenue streams
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-22 | 12,090.06 | 2,717.92 | 338.23 | 1,879.42 | 929.42 |
| 30-Sep-22 | 14,619.59 | 4,718.97 | 134.00 | 2,013.42 | 1,063.42 |
| Amount in ₹ Lakhs |
Objects of the Issue
The company intends to utilize the proceeds of the Issue to meet the following objectives: –
- Film production;
- General Corporate Purpose;
- To meet the Issue Expenses
VELS Film International IPO Details
| IPO Date | Mar 10, 2023 to Mar 14, 2023 |
| Listing Date | Mar 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) | 58.58 |
| Market Cap (₹ Cr.) | 127.79 |
VELS Film International IPO Reservation
| NII (HNI) Shares Offered | 50% of the Net Offer |
| Retail Shares Offered | 50% of the Net Offer |
| Market Maker portion | 172,800 shares (SS CORPORATE SECURITIES LIMITED) |
VELS Film International IPO Tentative Timetable
VELS Film International IPO opens on Mar 10, 2023, and closes on Mar 14, 2023. The VELS Film International IPO bid date is from Mar 10, 2023 10.00 A.M. to Mar 14, 2023 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative 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
The VELS Film International IPO lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹118,800).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹118,800 |
| Retail (Max) | 1 | 1200 | ₹118,800 |
| HNI (Min) | 2 | 2,400 | ₹237,600 |
VELS Film International IPO Promoter Holding
Dr. Ishari Kadhirvelan Ganesh is the Promoter of the company.
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
VELS Film International IPO Review
VFIL’s financial data has many mismatches. Based on its FY23 annualized working, the issue is exorbitantly priced. It can be termed as a “High-risk/Low-return” bet and there is no harm in skipping it. Read detail review…
VELS Film International IPO Subscription Status (Bidding Detail)
The VELS Film International IPO is subscribed 0.00 times on Mar 10, 2023 1:10:00 PM. The public issue subscribed 0.01 times in the retail category, [.] times in the QIB category, and 0.00 times in the NII category. Check Day by Day Subscription Details (Live Status) Reload Subscription
| Category | Subscription (times) |
|---|---|
| NII | 0.00 |
| Retail | 0.01 |
| Total | 0.00 |
Total Application : 7 (0.01 times)
VELS Film International IPO Prospectus
Company Contact Information
VELS Film International Limited
No. 521/2,
Anna Salai Nandanam,
Chennai – 600035
Phone: 044 24315541/ 542
Email: info@velsfilminternational.com
Website: http://www.velsfilminternational.com/
VELS Film International IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: ht