VELS Film International Limited (NSE SME)
March 10, 2023 – March 14, 2023
| Price | ₹99 - ₹99 |
| Premium | ₹3 |
|---|---|
| Lot size | 1200 |
| Allotment | Mar 18, 2023 |
| Listing | Mar 22, 2023 |
VELS Film International Limited
No. 521/2,
Anna Salai Nandanam,
Chennai - 600035
Phone: 044 24315541/ 542
Email: info@velsfilminternational.com
Website: http://www.velsfilminternational.com/
| Investor Category | Subscription (times) |
|---|---|
| Others | 1.22 |
| Retail Investors | 0.97 |
| Total | 1.10 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1200 | 118800 | 0 |
| HNI | 2 | 2400 | 237600 | 0 |
| 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
| 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 | |||||