Inspire Films IPO will open for subscription from 25 September 2023. The company aims for an issue size of ₹21.19 Cr through this IPO.
Company Overview
| Full name | Inspire Films Limited |
| Sector | Media & Entertainment |
| Industry | TV Broadcasting & Software Production |
| Company Website | http://www.inspirefilms.in/ |
About Company
Incorporated in 2012, Inspire Films is primarily engaged in the business of creation, production, distribution, and exhibition of television and digital content across broadcasting channels, apps, and digital platforms as well as content writing, production, and sale, purchase of rights.
Inspire Films has a B2B Business Model, and it currently operates in 3 different 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 Objectives of the Issue
- To meet the Working Capital requirements of the Company.
- General Corporate Purposes.
- To meet the Issue Expenses.
IPO Timetable
| IPO Opening date | 25 September 2023 |
| IPO Closing | 27 September 2023 |
| Basis of Allotment | 03 October 2023 |
| Initiation Refund | 04 October 2023 |
| Credit to Demat Account | 05 October 2023 |
| Listing Date | 06 October 2023 |
IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹21.19 Cr – 3,591,000 shares |
| Fresh Issue | ₹21.19 Cr – 3,591,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹56 to ₹59 per share |
| Lot size | 2000 Shares |
| Market Maker portion | 180,000 shares |
| Shareholding pre-issue | 10,011,299 |
| Shareholding post-issue | 13,602,299 |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹118,000 |
| Retail (Max) | 1 | 2000 | ₹118,000 |
| HNI (Min) | 2 | 4,000 | ₹236,000 |
Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 1,938.39 | 3,814.77 | 4,883.16 |
| Expenses | 2,053.72 | 3,775.76 | 4,331.66 |
| Net income | (83.00) | 25.92 | 404.82 |
Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | (830) | 259 | 3,925 |
| PE ratio | – | – | – |
| RONW (%) | (10.64) | 3.22 | 30.88 |
| NAV | 7,804 | 8,063 | 12,714 |
| ROCE (%) | (2.31) | 8.28 | 32.01 |
| EBITDA (%) | 2.71 | 3.48 | 14.61 |
| Debt/Equity | 1.31 | 0.45 | 0.64 |
Company Promoters
- Yash Arabinda Patnaik
- Beyond Dreams Entertainment Private Limited
Promoter Holding
| Share Holding Pre-Issue | 93.98% |
| Share Holding Post-Issue | 69.17% |
Lead Manager(s)
NARNOLIA FINANCIAL SERVICES LIMITED
201, 2nd Floor, Marble Arch, 236 B A.J.C Bose Road,
Kolkata, West Bengal- 700020, India
Phone: +91-8130678743
Email: pankaj.passi@narnolia.com
Website: www.narnolia.com
IPO Registrar
MAASHITLA SECURITIES PRIVATE LIMITED
451, Krishna Apra Business Square,
Netaji Subhash Place, Pitampura, Delhi – 110034
Phone: 011-45121795
Email: ipo@maashitla.com
Website: www.maashitla.com
Contact Details
INSPIRE FILMS LIMITED
111, 1st Floor, Shree Kamdhenu Estate,
Chincholi Off Link Road, Bhd Tangent Showroom,
Charkop, Malad Mumbai Maharashtra- 400064
Phone: 022- 46095834
E-mail: compliance@inspirefilms.in
Website: www.inspirefilms.in
Allotment Status
Inspire Films IPO allotment status will be available on the Maashitla Securities website. Click on Maashitla Securities IPO weblink to get allotment status.
Final thoughts
Inspire Films IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
