VELS Film International Limited (NSE SME)

Mar 10, 2023 - Mar 14, 2023

Premium	₹3
Price	₹99 - ₹99
Lot size	1200
Allotment	Mar 18, 2023
Listing	Mar 22, 2023

Category	Lot(s)	Qty	Amount	Reserved
Retail	1	1200	118800	0
HNI	2	2400	237600	0

Investor Category	Subscription (times)
Others	1.22
Retail Investors	0.97
Total	1.10

About

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

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

VELS Film International Limited Financial Information (Restated Consolidated)
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

Lead Manager(s)

Strength

Weakness

Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/