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
| Purpose | Amount (₹ Cr) |
|---|---|
| Film production | ₹28 |
| General Corporate Purpose | ₹5 |
| — |
| Metric | 30-Sep-22 | 31-Mar-22 | |
|---|---|---|---|
| Total Assets | 14,620 | 12,090 | — |
| Revenue | 4,719 | 2,718 | — |
| PAT | 134 | 338 | — |
| Net Worth | 2,013 | 1,879 | — |
| Reserves | 1,063 | 929 | — |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 1,617,600 (47%) | — |
| Retail (RII) | — | 1,617,600 (47%) | — |
| Market Maker | — | 172,800 (5%) | — |
| Total | — | 3,408,000 (100%) | — |
* Amount calculated at upper price band (₹99) · ** Total includes all investor categories
- 1 Initiation of Refund 20 Mar 2023
- 2 Credit of Shares to Demat 21 Mar 2023
- Retail allocation is strong at 47% of the total offering.
- HNI/NII demand is strong at 47%.
- The IPO P/E of 59x reflects a weak valuation relative to typical market ranges.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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