Inspire Films IPO Detail 2023
Introduction
The Inspire Films IPO will open on September 25 and close on September 27, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 21.23 crore through this public offering, consisting of 35.98 lakh shares with a face value of ₹ 10 each, which will be issued at a price of ₹ 56 to ₹ 59 per share.
Inspire Films Limited (“the Company”)
Inspire Films Limited was incorporated in 2012. The company is primarily engaged in the business of the 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, and the purchase of rights.
These are involved in every aspect of the content-making process, from development to distribution. This includes financing the projects, hiring actors and crew members, scouting locations, creating sets, managing budgets, and overseeing the entire production and post-production processes.
The company has a B2B business model, and they currently operate in 3 different business verticals:
- TV: Hindi GEC (General Entertainment Channels)
- Digital content and platforms (OTT)
- Regional content
Objects of the Issue,
- To meet the Working Capital requirements of the Company.
- To meet the General Corporate Purposes.
- To meet the Issue Expenses.
Financial Highlights (Restated)
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Net Worth | 1,311.22 | 806.29 | 780.37 |
| Total Assets | 4,159.88 | 3,053.87 | 2,849.54 |
| Reserve & Surplus | 1,310.16 | 805.29 | 779.37 |
| Total Borrowings | 836.85 | 359.95 | 1,025.55 |
| Total Revenue | 4,884.82 | 3,815.28 | 1,942.47 |
| Profit After Tax | 404.82 | 25.92 | (83.00) |
IPO details
| Issue Type | Book Built Issue IPO |
| IPO Price | ₹ 56 to ₹ 59 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 2,000 shares |
| Issue Size | 3,598,000 shares (aggregating up to ₹ 21.23 crores) |
| Fresh Issue | 3,598,000 shares (aggregating up to ₹ 21.23 crores) |
| Listing At | NSE SME |
Market Maker detail
| Market maker | Share India Securities |
| Market maker portion | 180,000 shares |
Shareholding Pattern
| Shareholding pre-issue | 10,011,299 |
| Shareholding post issue | 13,602,299 |
IPO Reservation
| Categories | No. of shares offered |
|---|---|
| QIB shares offered | Not more than 50% of the net offer |
| NII (HNI) shares offered | Not less than 15% of the offer |
| Retail shares offered | Not less than 35% of the offer |
Anchor Investors
A total of 10,24,000 shares are offered to Anchor investors. The Anchor Investor lock-in period for 50% of equity shares is November 16, 2023, and February 12, 2024, for the remaining portion.
| Anchor Investor Bid Date | September 22, 2023 |
| Anchor Portion Size | ₹ 6.04 crores (Shares offered * Upper Price) |
| Anchor lock-in period end date (50% Shares) | November 16, 2023 (30 Days) |
| Anchor lock-in period end date (remaining shares) | February 12, 2024 (90 Days) |
GMP: Inspire Films IPO
GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates: Inspire Films IPO
The issue opens for subscription on September 25, 2023, and closes for subscription on September 27, 2023 (both days inclusive). The basis of allotment will be finalised on October 3, 2023, and the refunds will be initiated on October 4, 2023. In addition, the demat credits are expected to happen on October 5, 2023, and the stock will be listed on the NSE SME on October 6, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.
| Opening Date | September 25, 2023 |
| Closing Date | September 27, 2023 |
| Basis of Allotment | October 3, 2023 |
| Initiation of Refunds | October 4, 2023 |
| A credit of shares to Demat A/c | October 5, 2023 |
| Listing Date | October 6, 2023 |
Lot Size
The lot size of the Inspire Films IPO is 2,000 shares. A retail-individual investor can apply for up to 1 lot, i.e. 2,000 shares of ₹ 118,000.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 2,000 | ₹ 118,000 |
| Retail (Maximum) | 1 | 2,000 | ₹ 118,000 |
| HNI (Minimum) | 2 | 4,000 | ₹ 236,000 |
SWOT Analysis
| STRENGTHS | WEAKNESSES |
|---|---|
| 1. Talented and experienced team with a track record of producing high-quality content 2. Established relationships with key players in the industry, such as actors, directors, and distributors 3. Access to the latest production technology and equipment 4. Strong brand recognition and reputation for excellence in content creation | 1. Dependence on a small pool of key personnel, which can create a risk of talent shortages or production delays 2. Limited financial resources, which may hinder the ability to invest in new technologies or talent 3. Limited marketing and advertising resources, which can make it difficult to compete with larger production houses with greater marketing budgets. |
| OPPORTUNITIES | THREATS |
| 1. Expanding into new genres or styles of content, which can attract new audiences and diversify revenue streams. 2. Forming strategic partnerships with distributors and other content providers to increase exposure and access to new markets. 3. Television market in India still in a growth phase 4. Expanding into international markets, where there may be higher demand for certain types of content. | 1. Intense competition from other content production houses, which can make it difficult to secure funding or attract talent. 2. Rapidly evolving technology, which requires continuous investment to stay competitive. 3. Changes in consumer preferences or trends, which can impact demand for specific types of content. 4. Regulatory changes or legal challenges, which can impact the ability to distribute content or access certain markets. |
Promoters Holdings
Yash Arabinda Patnaik and Beyond Dreams Entertainment Private Limited are the promoters of the company.
| Pre-issue Shares Holdings | 93.98% |
| Post-issue Shares Holdings | 69.17% |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP |
| Company Contact Information | Inspire Films Limited 111, 1st Floor, Shree Kamdhenu Estate,Chincholi Off Link Road, Bhd Tangent Showroom, Charkop, Malad Mumbai – 400064 Phone: 022- 46095834 Email: compliance@inspirefilms.in Website: http://www.inspirefilms.in/ |
| IPO Registrar | Maashitla Securities Private Limited Phone: +91-11-45121795-96 Email: ipo@maashitla.com Website: https://maashitla.com/allotment-status/public-issues |
| IPO Lead Manager(s) | Narnolia Financial Services Ltd |
