VELS Film International IPO

VELS Film International IPO will open for subscription from 10 March 2023. the company aims for an issue size of ₹33.74 Cr through this IPO.

About Company

A member of the South Indian Film Chamber of Commerce, VELS Film International is primarily in the business of the production of films and the sale of film rights. The company’s contribution to the South Indian Film Industry is growing at a fast pace, particularly in the Tamil Film Industry which is the third biggest in India. The company promoter Dr. Ishari K Ganesh worked in the education sector and set up over 25 institutions with more than 25,000 students and with centers in India, Singapore, and the United Kingdom. Subsequently, the promoter shifted to focus on film production.

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 the 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 was released in 2018.

Basic details about the company

Full nameVELS Film International Limited
SectorMedia & Entertainment
IndustryFilm Production, Distribution & Entertainment
Company Website

The objective of the Issue

  • Film production;
  • General Corporate Purpose;
  • To meet the Issue Expenses

IPO Timetable

IPO Opening date10 March 2023
IPO Closing14 March 2023
Basis of Allotment17 March 2023
Initiation Refund20 March 2023
Credit to Demat Account21 March 2023
Listing Date22 March 2023

IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹33.74 Cr – 3,408,000 shares
Fresh Issue₹33.74 Cr – 3,408,000 shares
Offer for saleNil
Face value₹10 per share
Offer Price₹99 per share
Lot size1200 Shares
Market Maker portion172,800 shares (SS CORPORATE SECURITIES LIMITED)
Retail Allocation50% 
Listing ExchangeNSE SME

IPO Lot Size

Retail (Min)11200₹118,800
Retail (Max)11200₹118,800
HNI (Min)22,400₹237,600

Reservation Details

QIB Shares OfferedNil
NII (HNI) Shares Offered50% 
Retail Shares Offered50% 

Financial Performance

 FY 2022H1 FY 2023
Net income3.381.34
(Amount in ₹ Crors)

Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio27.81
RONW (%)(15.34)38.4523.35

Company Promoters

  • Dr. Ishari Kadhirvelan Ganesh

Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding

Lead Manager(s)

  • Khambatta Securities Limited

IPO Registrar

“Subramanian Building”,
#1, Club House Road,
Chennai – 600 002, Tamil Nadu
Telephone: 044-28460390

Contact Details

No. 521/2, Anna Salai Nandanam,
Chennai-600035, Tamil Nadu
Phone: 044 24315541/ 542

Allotment Status

VELS Film IPO allotment status will be available on Cameo Corporate Services’ website. Click on this link to get allotment status.

Final thoughts

VELS Film International IPO is going to hit Dalal street soon. applying for an IPO is purely a personal choice. study well about the company and do 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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