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Vels Film International Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Vels Film International Ltd IPO

Registered Office: No 521/2 Anna Salai,Nandanam , Chennai - 600035 , Tamil Nadu , India.
Phone : 91-044-24315541/542   Fax:
Email :  info@velsfilminternational.com  
Website :  www.velsfilminternational.com
Public issue of 34,08,000 equity shares of face value of (Rs)10/- each fully paid up of Vels Film International Limited "VFIL" or the "Company" or the "Issuer") for cash at a price of (Rs)99/- per equity share (the "Issue Price") (including share premium of (Rs)89/- per equity share) aggregating (Rs)33.74 crores (the "Issue") by the company, of which 1,72,800 equity shares of face value of (Rs)10/- each fully paid up will be reserved for subscription by market maker to the issue ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. issue of 32,35,200 equity shares of face value of (Rs)10/- each fully paid up is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 26.40% and 25.06% respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is rs. 10/- each. the issue price is rs. 99/-. The issue price is 9.90 times the face value.

Issue Money Payable On
Opens On Closes On Application Allotment
10-Mar-23 14-Mar-23 (Rs)99.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :1200  Further Multiples of :1200

  (Rs Cr) Lead Managers to the Issue
Project Cost 33.14
Khambatta Securities Ltd
Project Financed through Current Offer 33.74  
Post Issue Equity Share Capital 12.91  
Issue Price (Rs)99.00  
 
Projects
Film ProductionGeneral Corporate Purposes
Promoted By
Ishari Kadhirvelan Ganesh  
Listing At
NSE - SME 
Registrar to the Issue
Cameo Corporate Services Ltd