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Inspire Films IPO Detail 2023

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:

  1. TV: Hindi GEC (General Entertainment Channels)
  2. Digital content and platforms (OTT)
  3. Regional content

Objects of the Issue,

  1. To meet the Working Capital requirements of the Company.
  2. To meet the General Corporate Purposes.
  3. To meet the Issue Expenses.

Financial Highlights (Restated)

ParticularsFY 2022-23FY 2021-22FY 2020-21
Net Worth1,311.22806.29780.37
Total Assets4,159.883,053.872,849.54
Reserve & Surplus1,310.16805.29779.37
Total Borrowings836.85359.951,025.55
Total Revenue4,884.823,815.281,942.47
Profit After Tax404.8225.92(83.00)
(Amount in ₹ Lakhs)

IPO details

Issue TypeBook Built Issue IPO
IPO Price₹ 56 to ₹ 59 per share
Face Value₹ 10 per share
Market Lot2,000 shares
Issue Size3,598,000 shares (aggregating up to ₹ 21.23 crores)
Fresh Issue3,598,000 shares (aggregating up to ₹ 21.23 crores)
Listing AtNSE SME

Market Maker detail

Market makerShare India Securities
Market maker portion180,000 shares

Shareholding Pattern

Shareholding pre-issue10,011,299
Shareholding post issue13,602,299

IPO Reservation

CategoriesNo. of shares offered
QIB shares offeredNot more than 50% of the net offer
NII (HNI) shares offeredNot less than 15% of the offer
Retail shares offeredNot 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 DateSeptember 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 DateSeptember 25, 2023
Closing DateSeptember 27, 2023
Basis of AllotmentOctober 3, 2023
Initiation of RefundsOctober 4, 2023
A credit of shares to Demat A/cOctober 5, 2023
Listing DateOctober 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.

ApplicationsLotsSharesAmount 
Retail (Minimum)12,000₹ 118,000
Retail (Maximum)12,000₹ 118,000
HNI (Minimum)24,000₹ 236,000

SWOT Analysis

STRENGTHSWEAKNESSES
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.
OPPORTUNITIESTHREATS
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 Holdings93.98%
Post-issue Shares Holdings69.17%

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
Company Contact InformationInspire Films Limited
111, 1st Floor, Shree Kamdhenu Estate,Chincholi Off Link Road,
Bhd Tangent Showroom, Charkop, Malad Mumbai – 400064
Phone: 022- 46095834
Email: [email protected]
Website: http://www.inspirefilms.in/
IPO RegistrarMaashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: [email protected]
Website: https://maashitla.com/allotment-status/public-issues
IPO Lead Manager(s)Narnolia Financial Services Ltd

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