Inspire Films IPO

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 nameInspire Films Limited
SectorMedia & Entertainment
IndustryTV Broadcasting & Software Production
Company Website

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 date25 September 2023
IPO Closing27 September 2023
Basis of Allotment03 October 2023
Initiation Refund04 October 2023
Credit to Demat Account05 October 2023
Listing Date06 October 2023
(Cut-off time for UPI mandate confirmation – 5 PM on September 27, 2023)

IPO details

Issue typeBook Built Issue IPO
IPO issue size₹21.19 Cr – 3,591,000 shares
Fresh Issue₹21.19 Cr – 3,591,000 shares
Offer for saleNil
Face value₹10 per share
Price Band ₹56 to ₹59 per share
Lot size2000 Shares
Market Maker portion180,000 shares
Shareholding pre-issue10,011,299
Shareholding post-issue13,602,299
Listing ExchangeNSE SME

IPO Lot Size

Retail (Min)12000₹118,000
Retail (Max)12000₹118,000
HNI (Min)24,000₹236,000

Reservation Details

QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Financial Performance

 FY 2021FY 2022FY 2023
Net income(83.00)25.92404.82
(Amount in ₹ Lakhs)

Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio
RONW (%)(10.64)3.2230.88
ROCE (%)(2.31)8.2832.01
EBITDA (%)2.713.4814.61

Company Promoters

  • Yash Arabinda Patnaik
  • Beyond Dreams Entertainment Private Limited

Promoter Holding

Share Holding Pre-Issue93.98%
Share Holding Post-Issue69.17%

Lead Manager(s)

201, 2nd Floor, Marble Arch, 236 B A.J.C Bose Road,
Kolkata, West Bengal- 700020, India
Phone: +91-8130678743

IPO Registrar

451, Krishna Apra Business Square,
Netaji Subhash Place, Pitampura, Delhi – 110034
Phone: 011-45121795

Contact Details

111, 1st Floor, Shree Kamdhenu Estate,
Chincholi Off Link Road, Bhd Tangent Showroom,
Charkop, Malad Mumbai Maharashtra- 400064
Phone: 022- 46095834

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

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