Vels Film International IPO subscription is to open on Mar 10, 2023 and will close on Mar 14, 2023, the price band of the Vels Film International IPO is fixed at ₹ 99. Vels Film International 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
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About Vels Film International
Vels Film International 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 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. 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.
Objects of the Issue
- Film production;
- General Corporate Purpose; and
- To meet the Issue Expenses
Vels Film International Limited Financials:
Summary of financial Information (Restated Consolidated Statement)
| Particulars | For the year ended (₹ in lakh) | |
| 30-Sep-22 | 31-Mar-22 | |
| Total Assets | 14,619.59 | 12,090.06 |
| Total income | 4,718.97 | 2,717.92 |
| Total Expenses | 4,509.41 | 2,230.63 |
| Profit After Tax | 134.00 | 338.23 |
Vels Film International IPO Price Details
| Description | IPO Details |
|---|---|
| Public Issue | Initial Public Issue of upto 34,08,000 Equity Shares of ₹ 10 (aggregating up to ₹ 3,373.92 Lakhs) |
| Issue Open Date | 10-Mar-23 |
| Issue Close Date | 14-Mar-23 |
| Issue Type | Fixed Price |
| IPO Price Band | ₹ 99 |
| Face Value | ₹ 10 |
| Market Lot | 1200 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 1200 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | NSE SME |
| NSE Symbol | VELS |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Vels Film International IPO DRHP & RHP
Vels Film International IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 1200 | ₹ 118,800 |
| Maximum | 1 | 1200 | ₹ 118,800 |
Vels Film International IPO Lead Managers
- Khambatta Securities Limited
Vels Film International IPO Registrar
- Cameo Corporate Services Limited
Vels Film International IPO Allotment Date, Listing Date and other Important Dates
| Details | Date |
|---|---|
| Bid / Offer Opens on | 10-Mar-23 |
| Bid / Offer Closes on | 14-Mar-23 |
| Finalisation of Basis of Allotment | 17-Mar-23 |
| Initiation of refunds | 20-Mar-23 |
| Credit of the Equity Shares | 21-Mar-23 |
| Listing Date | 22-Mar-23 |
Company Registered Office
No. 521/2, Anna Salai
Nandanam, Chennai-600035,
Tamil Nadu, India
Website: www.velsfilminternational.com
Company Promoters
- Dr. Ishari Kadhirvelan Ganesh
Vels Film International IPO – FAQS
What is the Vels Film International IPO Price?
The Vels Film International IPO price band is Rs.99 per share
When Vels Film International IPO will open?
The Vels Film International IPO opens on Mar 10, 2023 and closes on Mar 14, 2023
What is the lot size of Vels Film International IPO?
The Vels Film International IPO lot size is 1200 Equity Shares and the minimum order quantity is 1200 Equity Shares
Who is the Registrar for Vels Film International IPO?
The Registrar for Vels Film International IPO is Cameo Corporate Services Ltd
How to apply in Vels Film International IPO through UPI?
Check the step by step process here – Click here
How to apply in Vels Film International IPO through Zerodha?
Check the step by step process here – Click here
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