New Delhi: Media production company Inspire Films Limited 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 company’s shares will be listed on the NSE Emerge platform on 9th of October. Narnolia Financial Services Limited acts as the book running lead manager, while Maashitla Securities Private Limited serves as the registrar.
The IPO proceeds are aimed at achieving three critical objectives. Firstly, it intends to cater to the company’s 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.
Operating on a B2B model, Inspire Films is deeply entrenched in television, creating content for esteemed linear broadcast channels such as Star Plus, Zee TV, Colors TV, Sony, and others, with a primary focus on the Hindi General Entertainment Channels (GEC) segment.
Expanding their horizons further, Inspire leverages its content creation expertise to cater to regional languages, encompassing Tamil, Telugu, Marathi, Odia, and more.
It has also spearheaded numerous successful projects, including “Dear Ishq” for Disney+ Hotstar, “Tu Zakhm Hai” for MX Player, and a plethora of acclaimed shows like “Ek Veer Ki Ardaas Veera,” “Sadda Haq,” “Ishq Main Marjawan,” “Tere Ishq Main Ghaayal,” among others.
The company 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 Rs. 404.82 lakhs, contrasting with FY22’s Rs. 25.92 lakhs.
Beyond Dreams Entertainment Private Limited and Yash A Patnaik are the promoters of the company.
