Baweja Studios Limited is set to launch its Initial Public Offering (IPO), a book-built issue with a total value of Rs 97.20 crores. The IPO comprises a fresh issue of 40 lakh shares, aggregating to Rs 72.00 crores, and an offer for sale of 14 lakh shares, totaling Rs 25.20 crores. The subscription window for the Baweja Studios IPO opens on January 29, 2024, and closes on February 1, 2024. The allotment is expected to be finalized on Friday, February 2, 2024, with a tentative listing date on NSE SME set for Tuesday, February 6, 2024.
**Key Details:**
– **Issue Period:** January 29, 2024, to February 1, 2024
– **Listing Date:** [To be announced]
– **Face Value:** ₹10 per share
– **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)
– **Issue Type:** Book Built Issue IPO
– **Listing Venue:** NSE SME
– **Shareholding Pre Issue:** 14,427,001
– **Shareholding Post Issue:** 18,427,001
– **Market Maker Portion:** 288,000 shares (Nnm Securities)
**Reservation:**
– **QIB Shares Offered:** Not more than 50% of the Net Issue
– **Retail Shares Offered:** Not less than 35% of the Net Issue
– **NII (HNI) Shares Offered:** Not less than 15% of the Net Issue
**Timeline (Tentative Schedule):**
– **IPO Opens:** January 29, 2024
– **IPO Closes:** February 1, 2024
– **Basis of Allotment:** February 2, 2024
– **Refunds Initiation:** February 5, 2024
– **Shares Credited to Demat:** February 5, 2024
– **Listing Date:** February 6, 2024
– **Cut-off time for UPI mandate confirmation:** 5 PM on February 1, 2024
**Lot Size:**
– Investors can bid for a minimum of 800 shares and in multiples thereof.
**Promoter Holding:**
– The promoters of the company are Harjaspal Singh Baweja, Paramjit Harjaspal Baweja, Harman Baweja, and Rowena Baweja.
– Share Holding Pre Issue: 99.99%
– Share Holding Post Issue: [To be updated]
**About Baweja Studios Limited:**
Incorporated on March 16, 2001, Baweja Studios Limited is a production company involved in the production of Hindi and Punjabi films such as Chaar Sahibzaade, Love Story 2050, Qayamat, and Bhaukaal. Additionally, the company engages in trading movie rights, acquiring rights from producers and selling them to exhibitors and streaming platforms.
As of June 2023, the company has completed 22 projects, with 6 films in production and 7 in pre-production. Baweja Studios focuses on technology-based commercial films and aims to push the boundaries of storytelling by incorporating technological advancements. The company has diversified into various areas, including digital films, web series, animation films, Punjabi films, advertisement films, and music videos.
The competitive strengths of Baweja Studios include the experience of the Promoter, effective management, long-standing industry relationships, a diverse and growing content library, and a business model that leverages technology for film production and distribution.
As of June 22, 2023, the company employs 16 full-time staff across various departments.
**Financial Information (Restated):**
– Revenue increased by 86.2%, and profit after tax (PAT) rose by 188.8% between the financial year ending March 31, 2023, and March 31, 2022.
**Key Performance Indicators:**
– Market capitalization of Baweja Studios IPO is Rs 331.69 Cr.
– ROE: 40.12%
– ROCE: 52.55%
– Debt/Equity: 0.07
– RoNW: 40.12%
– P/BV: 13.07
**Objects of the Issue:**
– Funding working capital requirements
– General corporate purposes
**IPO Prospectus:**
– [Baweja Studios IPO DRHP](link-to-the-document)
– [Baweja Studios IPO RHP](link-to-the-document)
Investors are encouraged to refer to the detailed RHP for comprehensive information on the Baweja Studios IPO.
