Ganesh Films India Limited IPO

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Overview of the Ganesh Films India Limited

(i) Ganesh Films was incorporated in the year 1985. The company was started as a proprietary firm with an objective of bridging the gap between South Indian film Industry and south Indian movie fans in northern and western regions of India.

(ii) From its humble beginning to an LTD company today, Ganesh Films has evolved into a formidable distribution outlet for Southern language movies in the west and northern territories, commonly known in the film industry as the North Indian territory.

(iii) The complete dominance of Ganesh films in this business can be seen from the manner in which it has successfully distributed a whopping 400 movies till date.

(iv) In the year 1991 Ganesh films promoted and distributed the Rajinikanth- Mamooty starrer Thalapathy, directed by Mani Rathnam. The movie went on to create many records by running to packed houses for more than 100 days. Ganesh Films was the first company to introduce the simultaneous release of South Indian language films in the Northern Territory.

(v) Some of the blockbuster movies promoted and distributed by the company include titles such as Shivaji the boss, Dasavatharam, Endhiran, Devar Magan, Captain Prabhakaran, Thaana serntha Kootam, Roja, Oomai Vizhigal etc. The company works on a twin principle of maximising returns for the producers and bringing quality south Indian movies to the South Indian movie fans in the Northern Territory.

Objects of the Ganesh Films India Limited IPO:

Objectives of

Ganesh Films India Limited IPO

1. Acquiring distribution rights of south Indian films (including Tamil, Telugu, Malayalam and other regional language films) for the territories of India - Rs. 5.95 Cr 2. General corporate purposes - Rs. 1.93 Cr

Ganesh Films India Limited IPO Details:

Open Date: Jul 16 2018
Close Date: Jul 23 2018
Total Shares: 1,052,800
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Price IPO
Issue Size: 8.42 Cr.
Lot Size: 1600 Shares
Issue Price: ₹ 80 Per Equity Share
Listing At: BSE SME
Listing Date: Jul 31 2018

Promoters And Management:

Promoters of Ganesh Films India Limited Company are: Mr. Nambirajan Ganapathi Yadav Mr. Natrajan Ganapathy

Company Business:

(i) The operation of the Ganesha Films India is divided in two parts (a) Sourcing of content and (b) Distribution of the content. (ii) Content sourcing is done for through Production houses , Co-production houses and aggregation right. (iii) Then these content are distributed through Theater and Digital Media( Mobile, Internet and Other Platforms). (iv)  As on date ,the Company has distribution rights of 696 south Indian films including(Tamil, Telugu, Malayalam and other regional language films) in which the Company has sole, irrevocable and non-exclusive distribution right (including internet rights / IPTV rights / digital rights.)

Financials of Ganesh Films India Limited IPO as per DRHP:

Ganesh Films India Limited has been recently incorporated as Public Limited Company dated April 06, 2018  to purchase the film distribution business of “M/s Ganesh Films” and an agreement for transfer of film distribution business was entered between the Company and M/s Ganesh Films on May 09, 2018. Therefore, only 45 days( 6th April 2018 to 20th May 2018 ) Financial information is given in DRHP. On the basis of which it is very difficult to analyse and give any interpretation. So we are skipping this part.

Comparison With Peers:

Currently there are no listed peers in India engaged in this particular business segment.

Recommendation on Ganesh Films India Limited IPO:

Ganesh Films India Limited IPO Rating by InvestorZone team => 4/10 1-5: Fair 5-7: Good 7-10: Excellent

Lead Manager of Ganesh Films India Limited IPO:

  1. Fedex Securities Limited

Registrar of Ganesh Films India Limited IPO:

  1. Bigshare Services Private Limited

Company Address:

Ganesh Films India Limited 503, 5th Floor, Plot 461D, A Wing, Parshvanath Gardens, Bhaudaji Road d, Kings Circle, Matunga, Mumbai-400019 Phone No. +91 810 444 9343 Email: info@ganeshfilms.com Website: www.ganeshfilms.com

Bid Details of Ganesh Films India Limited IPO as on
20 Jul 2018 | 06:13:03 PM

Category No.of shares offered No. of shares bid
497,600 286,400
497,600 531,200
57,600 57,600
1,052,800 875,200
QIBs No
QIBs+HNIs Subscription 0.58X
Retail Subscription 1.07X
Total Subscription 0.78X

Discussion on Ganesh Films India Limited IPO:

    Company has only 5 employee on its payroll. How they are managing everything with this workforce is beyond imagination.

    Ganesh Films India Limited is a 30 years old entity running its business under a Firm which is recently converted into Public Limited Company in April 2018 only. The DRHP has given only 45 days audited information about Balance Sheet , P&L and Cash Flows. BSE SME Exchange should have compelled Ganesh Films India Limited to provide atleast 3 years financial to make any decision of investment.