VELS Film International Limited IPO is primarily in the business of production of films and sale of film rights. Vels Film International
Limited is the result of the vision of Dr. Ishari K Ganesh to produce feature films in various languages. The company is a member of South Indian Film Chamber of Commerce.
The company’s 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.
Later the company’s promoted started working in the education sector. Dr. Ishari K. Ganesh, started the Vaels Educational Trust in the year 1992 with 36 students. In 2017, the Vels Group celebrated its 25 years of commitment to excellence in education with more than 25,000 students, 25 institutions and 5,000 staff with centers in Singapore and United Kingdom.
After successfully setting up various schools, medical colleges and university in the year 2016 the company’s promoter drifted his attention to film production in Tamil film industry in the memory of his actor father. He associated himself with Mr. Prabhu Deva, known for his choreography, and alongside him co-produced the film ‘Devi’ in 2016 along with other films. Later in 2019, ‘LKG’ was produced by M/s Vels Film International.
After producing few more films, VELS Film International Limited decided to corporatize the film production business and therefore formed Vels Film International Limited.
VELS Film International IPO – Details
| IPO Opening Date | 10 March 2023 |
| IPO Closing Date | 14 March 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 34,08,000 Shares Worth ₹33.73 Crore Fresh Issue: 34,08,000 Shares Worth ₹33.73 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹99 |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Cameo Corporate Services Limited |
| Retail Shares Offered | 50% |
| NII (HNI) Shares Offered | 50% |
VELS Film International IPO – Date Schedule
| IPO Open Date | 10 March 2023 |
| IPO Close Date | 14 March 2023 |
| Basis of Allotment | 17 March 2023 |
| Initiation of Refunds | 20 March 2023 |
| Credit of Shares to Demat Account | 21 March 2023 |
| IPO Listing Date | 22 March 2023 |
VELS Film International IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 1200 | 1,18,800 |
| Maximum | 1 | 1200 | 1,18,800 |
Competitive Strengths
- Experienced management and efficient workforce.
- Scalable business.
- Value of VELS Film International in Tamil films.
- A strong regional presence.
- Strong long-standing relationships with talent within the industry provide steady access to content and talent.
Company Promoters
- Dr. Ishari Kadhirvelan Ganesh
Object Of The Issue
- Film production;
- General Corporate Purpose; and
- To meet the Issue Expenses.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2020 | 0 | 0.01 | -0.01 |
| 31 March 2021 | 26.01 | 18.09 | 5.92 |
| 31 March 2022 | 27.35 | 21.04 | 4.69 |
| 30 September 2022 | 45.61 | 41.60 | 2.99 |
VELS Film International IPO Promoter Holding
| Pre Issue Share Holding | 99.33% |
| Post Issue Share Holding | 73.10% |
VELS Film International IPO Prospectus
Company Contact Information
| VELS Film International Limited No. 521/2, Anna Salai Nandanam, Chennai – 600035, Tamil Nadu, India Phone: 044 24315541/ 542 Email: info@velsfilminternational Website: www.velsfilminternational.com |
VELS Film International IPO Registrar
| Cameo Corporate Services Limited Phone: 044 – 40020700 Email: priya@cameoindia.com Website: www.cameoindia.com |
VELS Film International IPO Lead Manager(s)
| 1. Khambatta Securities Limited |
VELS Film International IPO FAQs
| What is VELS Film International IPO? VELS Film International IPO is a SME IPO. The issue is priced at ₹99 per equity share. The IPO is to be listed on NSE SME. |
| When VELS Film International IPO will open? The IPO is to open on 10 March 2023 for NII and Retail Investors. |
| What is VELS Film International IPO Investors Portion? The investors portion for NII-50%, and Retail-50%. |
| How to VELS Film International IPO? You can apply VELS Film International IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the VELS Film International IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “VELS Film International”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the VELS Film International IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “VELS Film International”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is VELS Film International IPO Size? VELS Film International IPO size is ₹33.73 crores. |
| What is VELS Film International IPO Price Band? VELS Film International IPO Price Band is ₹99. |
| What is VELS Film International IPO Minimum and Maximum Lot Size? The minimum bid is 1200 Shares with ₹1,18,800 amount while the maximum bid is 1200 shares with ₹1,18,800. |
| What is the VELS Film International IPO Allotment Date? VELS Film International IPO allotment date is 17 March 2023. |
| What is the VELS Film International IPO Listing Date? VELS Film International IPO listing date is 22 March 2023. The IPO is to list on NSE SME. |
