Baweja Studios was incorporated on 16 March 2001. The company is a technology-based content production house that specialises in all formats of commercial films with an aim to push the boundaries of storytelling and technology advancements in our field. As its business process, it engages in research & development of scripts, end-to-end production of content, intellectual property creation, and monetisation of rights.
| Bidding Dates |
|---|
| 29 Jan 2024 - 01 Feb 2024 |
| Subscription |
|---|
| 2.53x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,36,000 | 1 | 1 | 800 | 5.4 M | ₹170 - ₹180 | 70.69 % | ₹918.0 M - ₹972.0 M | RHP DOC |
Baweja Studios IPO SUBSCRIPTION STATUS
01 Feb '24Baweja Studios IPO overall subscription rate was 2.53 times the total available shares
Baweja Studios IPO retail subscription rate was 5.4 times in the retail segment
Baweja Studios IPO non-institutional investor subscription rate was 3.61 times in the non-institutional investor category
Baweja Studios IPO Qualified Institutional Bidder subscription rate was 0.19 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
01 Feb 2024 (Day 4) | 5.4x | 3.61x | 0.19x |
31 Jan 2024 (Day 3) | 2.53x | 1.41x | 0x |
30 Jan 2024 (Day 2) | 1.66x | 1.05x | 0x |
29 Jan 2024 (Day 1) | 0.73x | 0.71x | 0x |
Baweja Studios 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 |
| H1FY24 | 43.5 | 386.6 | -77.9 | -77.9 | 15.7% |
| FY23 | 79.7 | 737.9 | 37.2 | 22.6 | 12.2% |
| FY22 | 27.6 | 407.1 | -6.9 | -11.9 | 10.4% |
| FY21 | 76.5 | 194.5 | 3.3 | 3.2 | 59.6% |
Baweja Studios IPO SUBSCRIPTION STATUS DETAILS
Baweja Studios had 5.4 M shares on offer
Baweja Studios IPO offer price was in the range ₹170 - ₹180
Baweja Studios IPO minimum Investment was ₹136000
Baweja Studios IPO issue size was ₹ 918.0 M - ₹ 972.0 M
Baweja Studios had a minimum lot size of 800 Shares per application
Baweja Studios NUMBER OF SHARES ON OFFER
Baweja Studios IPO IMPORTANT DATES
| Issue Open Date | 29 Jan 2024 |
| Issue close Date | 01 Feb 2024 |
| Allotment Date | 02 Feb 2024 |
| Refund Date | 05 Feb 2024 |
| Demat Account Credit Date | 05 Feb 2024 |
| Listing Date | 06 Feb 2024 |
| Listing on Exchange(s) | NSE |
| Baweja Studios Allotment Status | Exchange |
Baweja Studios IPO subscription opened on 29 Jan 2024, and closed on 01 Feb 2024
IPO allotment for Baweja Studios was finalized on Friday, 02 Feb 2024
IPO listing for Baweja Studios was on NSE on Tuesday, 06 Feb 2024
Baweja Studios IPO LISTING GAINS
| Issue Price (adjusted) | 180.0 |
| Listing Open Price | 183.0 |
| Listing Close Price | 173.8 |
| Listing Gain% | 1.7% |
| Current Gain% | -86.2% |
Baweja Studios 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Baweja Studios Ltd. | 24.8 | 45.8 | 7.5 | -0.3 | 0.7 | 5.5 | 3.3 | 69.5 | -8.9 | 6.1 | -26.7 | 3.3 | -26.7 |
| Prime Focus Ltd. | 283.3 | 22062.7 | 146.2 | 0.8 | 4.5 | 14.4 | 2.8 | 4783.4 | 25 | 301.4 | 179.9 | 1.9 | 177 |
| PVR INOX Ltd. | 1145.5 | 11248.8 | 25.3 | 0.1 | 1.6 | 4.5 | 2.1 | 6903.9 | 16 | 333.6 | 219.3 | 45.3 | 387 |
| Saregama India Ltd. | 529 | 10199.6 | 46.2 | 5.6 | 9.8 | 12.2 | 8.9 | 1026.9 | -16.5 | 207.1 | 1.4 | 11.4 | 8.2 |
| Tips Music Ltd. | 665.2 | 8504 | 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. | 48.1 | 1193.5 | 85.8 | -1.3 | 3.9 | 4.5 | 1.2 | 317.4 | -13.9 | 10 | -76.2 | 0.6 | -66 |
Baweja Studios INFORMATION ON IPO ISSUE
About Baweja Studios
Baweja Studios was incorporated on 16 March 2001. The company is a technology-based content production house that specialises in all formats of commercial films with an aim to push the boundaries of storytelling and technology advancements in our field. As its business process, it engages in research & development of scripts, end-to-end production of content, intellectual property creation, and monetisation of rights.
Object of the Issue
- To meet the working capital requirements
- General corporate purpose
Baweja Studios - PROMOTERS
| Name |
|---|
| Harjaspal Singh Baweja |
| Paramjit Harjaspal Baweja |
| Harman Baweja |
| Rowena Baweja |
Baweja Studios Lead Manager to the Issue
Fedex Securities Private Limited
mb@fedsec.in
Baweja Studios Registrar to the Issue
Skyline Financial Services Private Limited
ipo@skylinerta.com
Baweja Studios Strengths
Promoter experience
The promoter, Harman Baweja, with around 22 years of experience in the media and entertainment industry, has played a major role in the growth and development of the business
Long-standing relationships
It is a well-established company in India's entertainment industry and has been able to retain and grow its goodwill across the industry
Diverse and growing content library
The company has a diverse content library, which is constantly expanding as new releases are added
Baweja Studios Risks
Limited experience
The company has very limited experience in releasing films produced by itself
Outstanding legal proceedings
There are outstanding legal proceedings involving the company, its directors, and promoter which, if determined adversely, may adversely affect the business
IPO FAQs
This IPO consists of an offer for sale of up to Rs 25.2 crore, of 1,400,000 shares. It also consists of a fresh issue of Rs 72.0 crore.
The promoters of the company are Harjaspal Singh Baweja, Paramjit Harjaspal Baweja, Harman Baweja and Rowena Baweja.
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 170.0 - 180.0.
The IPO application opens on Jan 29, 2024 and closes on Feb 01, 2024.
The minimum lot size for the IPO is 800. The maximum lot size for the IPO is 800.
For all category investors, the minimum application amount for this IPO is Rs. 136,000.0, the maximum value for this IPO is Rs 144,000.0.
This IPO will be allotted on Feb 02, 2024.
The refund will be credited to your account on Feb 05, 2024.
The allotted shares will be credited to your demat on Feb 05, 2024.
Baweja Studios Ltd.’s shares listed on the stock exchanges on Feb 06, 2024.