Inspire Films was founded on January 19, 2012, and is principally involved in creating, producing, distributing, and exhibiting content for television and digital platforms. The company also engages in content writing, production, and the buying and selling of rights across various broadcasting channels and digital apps.
| Bidding Dates |
|---|
| 25 Sep 2023 - 27 Sep 2023 |
| Subscription |
|---|
| 120.03x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,18,000 | 1 | 1 | 2000 | 3.6 M | ₹56 - ₹59 | 73.56 % | ₹201.5 M - ₹212.3 M | RHP DOC |
Inspire Films IPO SUBSCRIPTION STATUS
27 Sep '23Inspire Films IPO overall subscription rate was 120.03 times the total available shares
Inspire Films IPO retail subscription rate was 239.72 times in the retail segment
Inspire Films IPO non-institutional investor subscription rate was 196.22 times in the non-institutional investor category
Inspire Films IPO Qualified Institutional Bidder subscription rate was 13.38 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
27 Sep 2023 (Day 3) | 239.72x | 196.22x | 13.38x |
26 Sep 2023 (Day 2) | 72.92x | 31.38x | 3.75x |
25 Sep 2023 (Day 1) | 14.73x | 13.67x | 3.73x |
Inspire Films FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY23 | 40.5 | 488.3 | -32.8 | -38.0 | 14.6% |
| FY22 | 2.6 | 381.5 | 8.1 | 6.4 | 3.5% |
| FY21 | -8.3 | 193.8 | 13.1 | -0.3 | 2.7% |
Inspire Films IPO SUBSCRIPTION STATUS DETAILS
Inspire Films had 3.6 M shares on offer
Inspire Films IPO offer price was in the range ₹56 - ₹59
Inspire Films IPO minimum Investment was ₹118000
Inspire Films IPO issue size was ₹ 201.5 M - ₹ 212.3 M
Inspire Films had a minimum lot size of 2000 Shares per application
Inspire Films NUMBER OF SHARES ON OFFER
Inspire Films IPO IMPORTANT DATES
| Issue Open Date | 25 Sep 2023 |
| Issue close Date | 27 Sep 2023 |
| Allotment Date | 03 Oct 2023 |
| Refund Date | 04 Oct 2023 |
| Demat Account Credit Date | 05 Oct 2023 |
| Listing Date | 05 Oct 2023 |
| Listing on Exchange(s) | NSE |
| Inspire Films Allotment Status | Exchange |
Inspire Films IPO subscription opened on 25 Sep 2023, and closed on 27 Sep 2023
IPO allotment for Inspire Films was finalized on Tuesday, 03 Oct 2023
IPO listing for Inspire Films was on NSE on Thursday, 05 Oct 2023
Inspire Films IPO LISTING GAINS
| Issue Price (adjusted) | 59.0 |
| Listing Open Price | 67.0 |
| Listing Close Price | 67.8 |
| Listing Gain% | 13.6% |
| Current Gain% | -84.7% |
Inspire Films Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inspire Films Ltd. | 9 | 12.3 | 31.6 | -0.3 | 1.2 | 1.4 | 0.8 | 10.4 | 33.8 | 0.4 | 107.6 | 0.3 | -107.6 |
| Prime Focus Ltd. | 283.7 | 22093.8 | 146.4 | 0.8 | 4.5 | 14.4 | 2.8 | 4783.4 | 25 | 301.4 | 179.9 | 1.9 | 177 |
| PVR INOX Ltd. | 1144.8 | 11241.9 | 25.3 | 0.1 | 1.6 | 4.5 | 2.1 | 6903.9 | 16 | 333.6 | 219.3 | 45.3 | 387 |
| Saregama India Ltd. | 531 | 10237.2 | 46.4 | 5.7 | 9.8 | 12.2 | 8.9 | 1026.9 | -16.5 | 207.1 | 1.4 | 11.4 | 8.2 |
| Tips Music Ltd. | 664.3 | 8491.9 | 39.6 | 1.5 | 21.6 | 83.4 | 59.9 | 394.3 | 19.6 | 216.7 | 30.1 | 16.8 | 27.1 |
| Panorama Studios International Ltd. | 48 | 1191.8 | 85.6 | -1.3 | 3.9 | 4.5 | 1.2 | 317.4 | -13.9 | 10 | -76.2 | 0.6 | -66 |
Inspire Films INFORMATION ON IPO ISSUE
About Inspire Films
Inspire Films was founded on January 19, 2012, and is principally involved in creating, producing, distributing, and exhibiting content for television and digital platforms. The company also engages in content writing, production, and the buying and selling of rights across various broadcasting channels and digital apps.
Object of the Issue
- To meet the working capital requirements of the company
- To meet the general corporate purposes
- To meet the issue expenses
Inspire Films - PROMOTERS
| Name |
|---|
| Beyond Dreams Entertainment Private Limited |
| Yash Arabinda Patnaik |
Inspire Films Lead Manager to the Issue
Narnolia Financial Services Limited
pankaj.passi@narnolia.com
Inspire Films Registrar to the issue
Maashitla Securities Private Limited
ipo@maashitla.com
Inspire Films Strengths
Established operations
Since its inception in FY12, Inspire Films has focused on scaling up its production operations, leading to increased revenue. The company reported revenue of Rs 48.8 crore for FY23
Strong relationships
The company has successfully built and maintained strong relationships within the entertainment industry. Due to the quality of its content and services, it enjoys repeat business transactions with clients in the sector
Inspire Films Risks
Dependent on audience
The business is highly sensitive to shifts in audience tastes and preferences. Any such change could negatively impact the company's performance
Dependent on a few customers
The business relies heavily on a few key customers for a significant portion of its revenue. Losing these customers or experiencing a substantial decrease in contracts from them could adversely affect the company's financial health
IPO FAQs
The promoters of the company are Beyond Dreams Entertainment Private Limited and Yash Arabinda Patnaik.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 56.0 - 59.0.
The IPO application opens on Sep 25, 2023 and closes on Sep 27, 2023.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 118,000.0, the maximum value for this IPO is Rs 118,000.0.
This IPO will be allotted on Oct 03, 2023.
The refund will be credited to your account on Oct 04, 2023.
The allotted shares will be credited to your demat on Oct 05, 2023.
Inspire Films Ltd.’s shares listed on the stock exchanges on Oct 05, 2023.