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Inspire Films to Hit the Street with a 21.20 Cr IPO
Inspire Films Limited, a prominent Indian media production company, is set to launch an IPO comprising 35,98,000 shares at a price of Rs. 59 per share, with a face value of Rs. 10 each, amounting to a total of Rs. 21.22 crores. The minimum investment lot comprises 2,000 shares. The allocation of shares includes 10,24,000 shares for anchor investors, 6,82,000...
Inspire Films Limited, a prominent Indian media production company, is set to launch an IPO comprising 35,98,000 shares at a price of Rs. 59 per share, with a face value of Rs. 10 each, amounting to a total of Rs. 21.22 crores. The minimum investment lot comprises 2,000 shares. The allocation of shares includes 10,24,000 shares for anchor investors, 6,82,000 shares for Qualified Institutional Buyers (QIBs), 5,14,000 shares for High-Net-Worth Individuals (HNIs), 11,98,000 shares for retail investors, and 1,80,000 shares for market makers. The anchor allocation is scheduled for September 22nd, with the IPO subscription window open from September 25th to 27th. Following the IPO, the companys shares will be listed on the NSE Emerge platform on 9th of October 2023. Narnolia Financial Services Limited acts as the book running lead manager, while Maashitla Securities Private Limited serves as the registrar.
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L to R: Tarun Tiwari - CFO Narnolia, Vipin Aggarwal - Director Narnolia, Yash A Patnaik - Director Inspire Films, Pankaj Pasi - Director Narnolia, Kameswar Das Subudhi - CFO Inspire Flims
The IPO proceeds are aimed at achieving three critical objectives. Firstly, it intends to cater to the companys working capital requirements, ensuring operational stability. Secondly, the funds raised will be directed toward general corporate purposes, facilitating strategic growth and development. Lastly, a portion of the proceeds will be allocated to cover the expenses related to the offering, ensuring a seamless and cost-effective process.
On the financial front, the company has shown spectacular growth. Its revenue from operations for FY23 stood at Rs. 4,883.16 lakhs, a significant increase from Rs. 3,814.77 lakhs for FY22 and Rs. 1,938.39 lakhs for FY21. EBITDA for FY23 reached Rs. 713.58 lakhs, compared to Rs. 132.60 lakhs for FY22 and Rs. 52.45 lakhs for FY21. Profit After Tax (PAT) for FY23 was an impressive Rs. 404.82 lakhs, contrasting with FY22s Rs. 25.92 lakhs.
Beyond Dreams Entertainment Private Limited and Mr. Yash A Patnaik are the esteemed promoters of the company, reflecting their pivotal role in driving its continued success and growth trajectory.
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