VELS Film International Limited

Company Profile
Company Name VELS Film International Limited
Open Date 10-03-2023
Close Date 14-03-2023
Exchange NSE SME
Lot Size 1200 Shares
Issue Price ₹ 99 per share
Issue Size 34,08,000 Equity Shares
Application Amount ₹ 1,18,800
Recommendation Avoid
Company was formed on 25th October 2019 in Tamil Nadu. The company is promoted by Dr. Ishari Kadhirvelan Ganesh who is the son of Late Shri Isari Velan, a renowned comedian in Tamil Cinema. The company is primarily engaged in the business of production of films and selling of film rights. Company is a member of South Indian Film Chamber of Commerce.
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Summary of Financials (All financials in lakhs)

For the Period Ended Mar-21 Mar-22 Sep-22
Total Assets 3,944.68 12,090.06 14,619.59
Net Assets 1,541.19 1,879.42 2,013.42
Total Borrowings - 7,327.71 5,825.46
Total Revenue 2,601.37 2,717.92 4,718.97
Profit After Tax 592.52 338.23 134.00

Tentative Timeline

Opening Date 10-03-2023
Closing Date 14-03-2023
Basis of Allotment 17-03-2023
Initiation of Refunds 20-03-2023
Credit of Shares to Demat 21-03-2023
Listing Date 22-03-2023

Objects of the Issue

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

Contact Information

Registered Office VELS Film International Limited No. 521/2, Anna Salai Nandanam, Chennai - 600035.
Phone 044 24315541/ 542

Registrar Details

Name Cameo Corporate Services Limited
Phone 91-44-28460390

IPO Reservation

Market Maker Shares Offered 1,72,800 (5.07%)
Other Shares Offered 16,17,600 (47.46%)
Retail Shares Offered 16,17,600 (47.46%)
Total Shares Offered 34,08,000 (100%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 100%
Share Holding Post Issue (Promoters) 73.59%

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