VELS Film International Limited IPO

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i. VELS Film is primarily in the business of production of films and sale of film rights. Vels Film International Limited is the result of the vision of Dr. Ishari K Ganesh to produce feature films in various languages.

ii. The company is a member of South Indian Film Chamber of Commerce. The company’s contribution to the South Indian Film Industry is growing in fast pace particularly to the Tamil Film Industry which is the third biggest in India. Dr. Ishari K. Ganesh’s late father Shri Isari Velan was a renowned comedian in Tamil Cinema of yesteryears and that inspired him to act in several films as well. Being born to a great actor and comedian, entering the film industry was a natural progression for Dr. Ishari K. Ganesh.

iii. Their promoter is involved in film industry since the movie ‘Vaaku Moolam’ in the year 1991. He has acted in multiple movies and the last movie in which he acted was S. Shankar’s ‘2.0’ which released in 2018.

iv. Following are the produced and upcoming films by the company since its incorporation in 2019 :-

i. Mookuthi Amman

ii. Kutty Story:

iii. Sumo

iv. Joshua Imai Pol Kaakha:

v. Vendhu Thanindhathu Kaadu:

Competitive Strengths

i. Experienced Directors and Management Team
ii. Value of the “VELS” and “Dr. Ishari K. Ganesh” name
iii. Distribution network
iv. Growth Stage and visible revenue streams

 

Objects of the VELS Film International Limited IPO:

The company intends to utilize the proceeds of the Issue to meet the following objectives: - i. Film production; ii. General Corporate Purpose; iii. To meet the Issue Expenses
DRHP of VELS Film International Limited IPO
RHP of VELS Film International Limited IPO

VELS Film International Limited IPO Details:

Open Date: Mar 10 2023
Close Date: Mar 14 2023
Total Shares: 3,408,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Price Issue IPO
Issue Size: 33.74 Cr.
Lot Size: 1200 Shares
Issue Price: ₹ 99 Per Equity Share
Listing At: NSE Emerge
Listing Date: Mar 22 2023

Promoters And Management:

i. Dr. Ishari Kadhirvelan Ganesh, aged 55 years, is the Promoter and Managing Director of the Company. He completed his M. Com from Pachaiyappa’s College; MBA and Ph.D. from University of Madras; and B.L. from Madurai Kamaraj University. His interests range from Films, Education, Sports, Social and Cultural to Philanthropic activities. He has an experience of over 3 decades in Tamil film industry ii. Mr. Ganesan Thiagarajan, aged 59 years, is the Chief Financial Officer of the company. He completed his Undergraduate and Post-Graduate in Commerce. He also completed Chartered Accountancy in May 1989 and is a member of The Institute of Chartered Accountants of India. iii. Mrs. Sampath Kumar Sujatha, aged 41 years, is the company secretary & compliance officer of the company. She has completed her Under Graduation in Commerce from Bharathidasan University and Post-Graduation from Periyar University in Financial Management from She is a qualified Company Secretary and has also completed her PhD in commerce.

Financials of VELS Film International Limited IPO:

Particulars ( In Crore ) 6MFY23 2022
Revenue from Operations 46 26
Other Income 0.94 0.55
Total Revenue 47 27
Direct Cost 31 29
Purchases of Stock-in-Trade - -
Change in Inventories of Work-in-Progress 6 -13
Employee Benefits Expense 0.92 0.49
Other Expenses 2 0.56
EBITDA 5 9
Depreciation & Amortisation 0.98 1
Finance Cost 2 3
EBIT 4 8
OPM (%) 10.83% 35.46%
PBT 2 4
Taxes 1 1
PAT 1 3
NPM (%) 2.84% 12.44%
No.of Shares 1 1
EPS 1.03 2.62
P/E 95.36 37.78

Comparison With Peers:

The Company is into the business of production of primarily the Tamil Language films and currently there are no listed peers in India engaged in this particular business segment.

Lead Manager of VELS Film International Limited IPO:

  1. Khambatta Securities Limited

Registrar of VELS Film International Limited IPO:

  1. Cameo Corporate Services Limited

Company Address:

VELS Film International Limited No. 521/2, Anna Salai Nandanam, Chennai - 600035 Phone: 044 24315541/ 542 Email: info@velsfilminternational.com Website: http://www.velsfilminternational.com/

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