The company Inspire Films Limited is coming up with an IPO of INR 21.23 crores. The offer consists of a fresh issue of equity shares.The company intends to utilise the raised funds to meet the working capital requirements of the company.
Inspire Films Limited IPO – Important Details
| Inspire Films IPO Date | September 25, 2023 to September 27, 2023 |
| Inspire Films IPO Listing Date | October 5, 2023 |
| Inspire Films IPO Price | INR 56-59 per share |
| Inspire Films IPO Lot Size | 2000 Shares |
| Inspire Films IPO Total Issue Size | INR 21.23 crores |
| Inspire Films IPO Basis of Allotment | October 3, 2023 |
| Inspire Films IPO Initiation of Refunds | October 4, 2023 |
| Inspire Films IPO Credit of Shares to Demat | October 5, 2023 |
| Inspire Films IPO Issue Type | Book Built Issue IPO |
| Inspire Films IPO Listing At | NSE SME |
Inspire Films Ltd IPO – Company Profile
The company is primarily engaged into the business of creation, production, distribution, and exhibition of television and digital content across broadcasting channels, apps and digital platforms as well as content writing, production and sale, purchase of rights.
The company is involved in every aspect of the content-making process, from development to distribution. This includes financing the projects, hiring actors and crew members, scouting locations, creating sets, managing the budgets, and overseeing the entire production and post-production process.
The company has a B2B Business Model, and it is urrently operating in 3 different Business verticals:
- TV – Hindi GEC (General Entertainment Channels)-This is content creation for the linear broadcast channels. These channels include Star Plus, Star Bharat, Colors TV, Zee TV, Sony, Dangal, Shemaroo etc
- Digital Content and platforms (OTT)- This is content made for platforms such as Netflix, Amazon, Sony Liv, MX Player, Disney+Hotstar, Voot, Zee5, etc.
- Regional content– This is content produced for regional language channels in various channels – Telugu, Tamil, Malayalam, Bengali, Marathi etc.
Inspire Films Ltd IPO Objective
The company seeks to finance working capital for growth and general corporate purposes, including IT advancement and future expansion.
- Funding working capital requirement: The company requires additional working capital for funding future growth requirements of the company and for other business purposes. The company plans to utilise INR 12.98 crores for the said purpose.
- General corporate purpose: The company plans to deploy the balance funds towards general corporate purpose which is not limited to meeting expenses incurred in ordinary course of business such as strategic initiatives including advancement of information technology, meeting future branch and business expansion,etc
Inspire Films IPO Risks And Challenges
The company’s success is closely tied to consumer preferences, making it vulnerable to shifts in market trends. Legal disputes totaling INR 16.42 crores pose a risk to its financial health and reputation. Reliance on five major customers and negative cash flow in 2023 also threaten its stability and growth prospects.
- The business of the company is dependent upon the taste and preferences of the audience. Any shift in consumer taste and preference will have a negative impact on the business.
- Litigation amounting to INR 16.42 crores is pending against/by the company or the promoters. A part of the liability is already paid by the company. However, Any adverse outcome on such proceedings may affect our business, financial condition and reputation.
- The company generates almost 98% of the revenue from five customers. The loss of, or a significant reduction in the award of contracts by such customers could adversely affect the business.
- The company generated a negative operating cash flow in the year ending 31.03.2023. Sustained negative cash flow could impact the growth and business.
Inspire Films Ltd IPO Peer Comparison
| Company | PAT (₹ in lakhs) | Face Value per Equity Share (₹) | P/E | EPS (₹) | RoNW (%) | NAV per Equity Share (Basic) (₹) |
| Inspire Films Limited | 404.82 | 10 | NA | 3,925 | 30.87% | 12,714 |
| Balaji Telefilms Limited | 3,891.83 | 2 | 13.10 | 3.85 | 3.45% | 111.56 |
| Bodhi Tree Multimedia Limited | 325.68 | 10 | 51.31 | 2.67 | 13.09% | 19.91 |
| V R Films and Studios Limited | 82.23 | 10 | 10.24 | 5.99 | 6.75% | 88.81 |
Inspire Films IPO Financial Information
| Particular | As at 31 March 2021 | As at 31 March 2022 | As at 31 March 2023 |
| Revenue (₹ in lakhs) | 1938.39 | 3814.77 | 4883.16 |
| Equity (₹ in lakhs) | 780.37 | 806.29 | 1311.22 |
| Expenses (₹ in lakhs) | 2053.72 | 3775.76 | 4331.66 |
| Profit and Loss After Tax (₹ in lakhs) | 404.82 | 25.92 | (83.00) |
| RoNW (%) | 30.88% | 3.22% | -10.64% |
| Diluted EPS only (₹) | 3925 | 259 | (830) |
| NAV per Equity Share (₹) | 7804 | 8063 | 12714 |
| Total Assets (in lakhs) | 2849.54 | 3053.87 | 4159.88 |
| Total Liabilities (in lakhs) | 2069.17 | 2251.58 | 2848.66 |
Inspire Films IPO – Industry & Market Potential
For the entertainment and media industries, 2022 marked an important inflection point. Total global entertainment and media (E&M) revenue rose 5.4% in 2022, to US$2.32 trillion. That represents a sharp deceleration from the 10.6% growth rate in 2021, when economies and industries globally were starting to rebound from the upheaval caused by the covid-19 pandemic. And in each of the next five years, the rate of growth will decline sequentially, so that by 2027 revenue will grow just 2.8% from 2026.
The slowdown, caused in large measure by sluggish consumer spending, is pushing companies to reset expectations, refocus inward and seek ways to recharge growth. They’re doing so by tapping into the many geographical and sectoral hotspots that offer opportunities and by harnessing emerging technology.
India’s Media and entertainment Industry is expected to reach Rs. 4,30,401 crores (US$ 53.99 billion) by 2026. Advertising revenue in India is projected to reach Rs. 394 billion (US$ 5.42 billion) by 2024.
Inspire Films IPO – Type of Offer
The company Inspire Films Limited is coming up with an IPO of INR 21.23 crores. The offer consists of a fresh issue of equity shares at a price band of INR 56-59 per share.
Inspire Films Ltd IPO Offer Size
Inspire Films Limited plans to launch an IPO valued at INR 21.23 crores, comprising a new issuance of equity shares. The company aims to use the proceeds to address its working capital needs.
Inspire Films IPO Allotment Structure
The IPO allocation breakdown for Inspire Films Limited is as follows: 50% for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 35% for Retail Individual Investors (RIIs). Additionally, 1,80,000 equity shares, constituting 5% of the total issue, are reserved for market makers.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs. 2 lakhs.
● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs. 2 lakhs.
● Market Maker Reservation: Total of 1,80,000 equity shares are reserved for market makers. This forms 5% of the total issue.
How to apply for a Inspire Films IPO ?
To apply for the Inspire Films IPO through Alice Blue, you would typically follow these steps:
1. Open a Demat and Trading Account: If you don’t have one already, you would need to open a Demat and trading account with Alice Blue.
2. Check for IPO Details: Once your account is active, you can check for the Inspire Films IPO details in the IPO section of the Alice Blue platform.
3. Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
4. Submit the Application: Confirm all your details and submit your application.
You can apply for Inspire Films IPO at Alice Blue in just a few clicks!
Check Allotment Status: Post the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How to Check Inspire Films IPO Allotment Status on Alice Blue?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
1. Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
2. Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
3. Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
4. Select the Inspire Films IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Inspire Films IPO.
5. Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended to contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Inspire Films IPO:
Registrar’s Website: Visit the website of Maashitla Securities Private Limited, the registrar of the Inspire Films IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN and application number or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) SME Platform. You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after the allotment process has been completed, a few days after the IPO window closes.
Inspire Films IPO Offer Registrar
The registrar for the Inspire Films Limited’s IPO is Maashitla Securities Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
Maashitla Securities Private Limited
451, Krishna Apra Business Square,
Netaji Subhash Place, Pitampura, Delhi – 110034,
Telephone: 011-45121795
Email: [email protected]
Website: www.maashitla.com
Inspire Films Limited IPO FAQs
What is the allotment date of the Inspire Films Limited IPO?
The allotment date is 3th October 2023.
What is the price band of the Inspire Films Limited IPO?
The price band is INR 56-59 per share.
What is the size of the Inspire Films Limited IPO?
Inspire Films Limited plans to launch an IPO valued at INR 21.23 crores, comprising a new issuance of equity shares. The company aims to use the proceeds to address its working capital needs.
What is the listing date of the Inspire Films Limited IPO?
The listing date is October 5, 2023.
