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16 Nov 2024
Baweja Studios Limited IPO
Baweja Studios is known for their dynamic quality of film-making and unique storytelling practices. Baweja Studios has set many benchmarks in the industry, Dilwale, Qayamat, Diljale to name a few. Baweja Studios has since diversified into TV series, Web Series, Animation and Ad Films. Baweja Studios is one of the leaders in the industry in terms of production quality and film-making across all formats. In this journey of creating path breaking cinema, along with pushing technological advancements, Baweja Studios continues to partner and work with the biggest names in the industry, in India and globally. Baweja Studios IPO is a book built issue of Rs 97.20 crores.
The issue is a combination of fresh issue of 40 lakh shares aggregating to Rs 72.00 crores and offer for sale of 14 lakh shares aggregating to Rs 25.20 crores. Baweja Studios IPO price band is set at ₹170 to ₹180 per share. The minimum lot size for an application is 800 Shares. Fedex Securities Pvt Ltd is the book running lead manager of the Baweja Studios IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Baweja Studios IPO is Nnm Securities.
Baweja Studios IPO Overview
| Detail | Description |
|---|---|
| IPO Date | January 29, 2024 to February 1, 2024 |
| Listing Date | February 6, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹170 to ₹180 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 5,400,000 shares (aggregating up to ₹97.20 Cr) |
| Fresh Issue | 4,000,000 shares (aggregating up to ₹72.00 Cr) |
| Offer for Sale | 1,400,000 shares of ₹10 (aggregating up to ₹25.20 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 14,427,001 |
| Share holding post issue | 18,427,001 |
| Market Maker portion | 288,000 shares |
Baweja Studios IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| IPO Open Date | Monday, January 29, 2024 |
| IPO Close Date | Thursday, February 1, 2024 |
| Basis of Allotment | Friday, February 2, 2024 |
| Initiation of Refunds | Monday, February 5, 2024 |
| Credit of Shares to Demat | Monday, February 5, 2024 |
| Listing Date | Tuesday, February 6, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 1, 2024 |
Baweja Studios IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹144,000 |
| Retail (Max) | 1 | 800 | ₹144,000 |
| HNI (Min) | 2 | 1,600 | ₹288,000 |
Baweja Studios IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 326,400 (6.04%) |
| Market Maker Shares Offered | 288,000 (5.33%) |
| QIB Shares Offered | 217,600 (4.03%) |
| NII (HNI) Shares Offered | 2,284,000 (42.30%) |
| Retail Shares Offered | 2,284,000 (42.30%) |
| Total Shares Offered | 5,400,000 (100%) |
Baweja Studios IPO Promoter Holding
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue |
Baweja Studios IPO Anchor Investors Details
| Bid Date | January 25, 2024 |
| Shares Offered | 326,400 |
| Anchor Portion Size (In Cr.) | 5.88 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 3, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 2, 2024 |
Company & Financials
The company was incorporated on March 16, 2001, Baweja Studios Limited is a production company, producing Hindi and Panjabi films such as Chaar Sahibzaade, Love Story 2050, Qayamat and Bhaukaal. Also, the Company is in the business of trading movie rights. They purchase rights from producers and sell them to exhibitors and streaming platforms. Its strength lies in an approach which revolves around sourcing of content either through in-house story developments, content acquisition, remake rights or adoption of books. After which a thorough selection process is carried out at various levels before starting the project for production. Its production activity was started in 1994 with a blockbuster film "Dilwale" and added other productions like Chaar Sahibzaaade, Love Story 2050, Qayamat, Bhaukaal etc. So far it has produced over 22 films. As of the date of this offer document filing, it had 6 films under production and another 7 under pre-production stages.
Baweja Studios Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| Assets | 4,202.57 | 4,489.98 | 3,056.03 | 3,223.67 | ||||||||||||||||||||||||||||||||||||
| Revenue | 3,890.11 | 7,628.31 | 4,096.79 | 1,954.11 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 435.33 | 796.91 | 275.94 | 764.60 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 2,422.07 | 1,986.28 | 724.07 | 448.13 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 979.37 | 543.58 | 181.07 | 445.13 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 810.91 | 142.38 | 266.86 | 179.60 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 40.12% |
| ROCE | 52.55% |
| Debt/Equity | 0.07 |
| RoNW | 40.12% |
| P/BV | 13.07 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.52 | 4.32 |
| P/E (x) | 32.59 | 41.62 |
Objectives of Baweja Studios IPO
The company proposes to utilize the net proceeds from the Offer towards funding the following objectives:
- 1. To meet the working capital requirements.
- 2. General corporate purposes.
Baweja Studios IPO Review
The company is a technology based production house providing content to its clients. It posted growth in its top lines for the reported periods, but marked inconsistency in its bottom lines. Based on FY24 annualized earnings, the issue appears aggressively priced. There is no harm in skipping this pricey bet.
FAQs for Baweja Studios IPO
-
What Is The Size Of The Baweja Studios IPO?
The offer size of Baweja Studio’s IPO is INR 97.20 crores. The offer includes a fresh 40 lakh equity shares and an offer to sell existing shares for INR 14 lakhs.
-
What Is The Price Band Of The Baweja Studios IPO?
The price band of Baweja Studios IPO is INR 170-180 per share.
-
When will Baweja Studios Limited's IPO be allotted?
The Basis of Allotment will happen on February 02, 2024.
-
When will Baweja Studios Limited's IPO open for subscription?
The IPO subscription window will open on January 29, 2024.
-
What minimum lot size can retail investors subscribe to?
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 800 shares.
-
When will Baweja Studios Limited list on exchanges?
Baweja Studios Ltd IPO will be listed on the NSE Emerge on February 06, 2024.
Baweja Studios IPO Subscription Status
Category
Subscription (times)
QIB
2.17
NII
1.08
Retail
4.20
Total
2.6
RHP:
RHP of Baweja Studios Limited IPO
Anchor Investor Link:
Anchor Investor Link of Baweja Studios Limited IPO
-
What Is The Size Of The Baweja Studios IPO?
The offer size of Baweja Studio’s IPO is INR 97.20 crores. The offer includes a fresh 40 lakh equity shares and an offer to sell existing shares for INR 14 lakhs.
-
What Is The Price Band Of The Baweja Studios IPO?
The price band of Baweja Studios IPO is INR 170-180 per share.
-
When will Baweja Studios Limited's IPO be allotted?
The Basis of Allotment will happen on February 02, 2024.
-
When will Baweja Studios Limited's IPO open for subscription?
The IPO subscription window will open on January 29, 2024.
-
What minimum lot size can retail investors subscribe to?
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 800 shares.
-
When will Baweja Studios Limited list on exchanges?
Baweja Studios Ltd IPO will be listed on the NSE Emerge on February 06, 2024.
Baweja Studios IPO Subscription Status
| Category | Subscription (times) |
|---|---|
| QIB | 2.17 |
| NII | 1.08 |
| Retail | 4.20 |
| Total | 2.6 |
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