Baweja Studios Limited, a renowned production company specializing in Hindi and Punjabi films, is set to launch its Initial Public Offering (IPO) with an aim to raise ₹97.20 crores. The IPO is a combination of a fresh issue of 40 lakh shares, aggregating to ₹72.00 crores, and an offer for sale of 14 lakh shares, aggregating to ₹25.20 crores.
**Key Details of Baweja Studios IPO:**
– **IPO Dates:** January 29, 2024, to February 1, 2024
– **Price Band:** ₹170 to ₹180 per share
– **Lot Size:** 800 Shares
– **Total Issue Size:** 5,400,000 shares (aggregating up to ₹97.20 Cr)
– **Fresh Issue:** 4,000,000 shares (aggregating up to ₹72.00 Cr)
– **Offer for Sale:** 1,400,000 shares (aggregating up to ₹25.20 Cr)
– **Listing Venue:** NSE SME
– **Listing Date:** Tentatively set for Tuesday, February 6, 2024
**Reservation Breakdown:**
– **QIB:** Not more than 50% of the Net Issue
– **Retail:** Not less than 35% of the Net Issue
– **NII (HNI):** Not less than 15% of the Net Issue
**Baweja Studios IPO Timeline:**
– **IPO Opens:** January 29, 2024
– **IPO Closes:** February 1, 2024
– **Basis of Allotment:** February 2, 2024
– **Refund Initiation:** February 5, 2024
– **Credit of Shares to Demat:** February 5, 2024
– **Listing Date:** February 6, 2024
**Lot Size and Investment:**
– **Retail (Min):** 1 lot (800 shares) – ₹144,000
– **Retail (Max):** 1 lot (800 shares) – ₹144,000
– **HNI (Min):** 2 lots (1,600 shares) – ₹288,000
**Company Background:**
Incorporated in March 2001, Baweja Studios Limited has left its mark in the film industry, producing notable films like Chaar Sahibzaade, Love Story 2050, Qayamat, and Bhaukaal. Apart from film production, the company engages in trading movie rights, purchasing from producers and selling to exhibitors and streaming platforms.
By June 2023, the company completed 22 projects, with 6 films in production and 7 in pre-production. Baweja Studios emphasizes creating technology-based commercial films, pushing storytelling boundaries, and incorporating technological advancements.
**Financial Performance:**
Baweja Studios witnessed a remarkable financial growth, with revenue increasing by 86.2%, and profit after tax (PAT) rising by 188.8% between the financial years ending March 31, 2023, and March 31, 2022.
**IPO Objectives:**
The net proceeds from the IPO will be utilized for working capital requirements and general corporate purposes, aligning with the company’s strategic objectives for expansion and sustained growth.
**Conclusion:**
Baweja Studios IPO presents an opportunity for investors to be part of a dynamic production company with a successful track record and a vision for leveraging technology in the entertainment industry. The IPO’s competitive strength, diverse content portfolio, and strategic approach make it an interesting prospect in the market.
