29-Jan-2024
2 mins read
Baweja Studios Limited IPO 2024 is open for subscription from Monday, January 29, 2024 and will close on Thursday, February 1, 2024. The price band is decided at Rs 170 to Rs 180 per share. The minimum lot size of this application for the retail category is 800 shares. Whereas, the minimum lot size for HNI category is 2 lots consisting of 1600 shares. The minimum amount of investment required for retail category investors is Rs 1,44,000. (180 x 800 shares). However for HNI category the minimum investment amount is required Rs 2,88,000 (180 x 1600 shares). Baweja Studios Limited IPO 2024 is a book-built issue of Rs 97.20 crores. The issue is a combination of Fresh issue and Offer for sale. The Fresh issue consists of 40 Lakh shares amounting to Rs 72 crores and Offer for sale of 14 lakh shares amounting to Rs 25.20 crores. The book running lead manager of Baweja Studios Limited is Fedex Securities Limited. The registrar for this IPO is Skyline Financial Services Private Limited. The market maker for the Baweja Studios Limited IPO is Nnm Securities.
About Baweja Studios Limited
Baweja Studios Limited is technology based content production company that specializes in producing all formats commercial films. Moreover, the company is in a business of trading movie rights. They purchase rights from producers and sell them to exhibitors and streaming platforms. The goal of the company is to push the boundary of storytelling and incorporate technological advancement in its field. As part of its business, they research and develop scripts, produce content, create intellectual property and monetize rights. The business model relies on technology involved in producing innovative films, strong marketing, expert management to identify potential scripts. Company also looking forward to acquiring new OTT platforms which will show expansion. The company remains sole owner thus solely responsible for activities such as marketing, promotion and distribution among others.
Objectives of the issue
The purpose of this IPO is to raise funds from the public and to get the benefits of listing on the NSE emerging platform of the National Stock Exchange. Other than this the net proceeds from the issue will also be used to cover the expenses of working capital requirements. Moreover, the funds will be utilized for the general corporate purposes like financing the capital expenditures, acquisitions, stock repurchases etc.
Financial Performance of Baweja Studios Limited
Baweja Studios Limited’s revenue increased by 86.2% and profit after tax increased by 188.8% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30-Sep-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 4,202.57 | 4,489.98 | 3,056.03 | 3,223.67 |
| Revenue | 3,890.11 | 7,628.31 | 4,096.79 | 1,954.11 |
| Profit After Tax | 435.33 | 796.91 | 275.94 | 764.6 |
| Net Worth | 2,422.07 | 1,986.28 | 724.07 | 448.13 |
| Reserves and Surplus | 979.37 | 543.58 | 181.07 | 445.13 |
| Total Borrowing | 810.91 | 142.38 | 266.86 | 179.6 |
| Amt in Lakhs |
Other Important Details of Baweja Studios Limited IPO
| IPO Date | January 29, 2024 to February 1, 2024 |
| Listing Date | 6-Feb-24 |
| Face Value | Rs 10 per share |
| Price Band | Rs 170 to Rs 180 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 5,400,000 shares (amounting to Rs 97.20 Crore) |
| Fresh Issue | 4,000,000 shares (amounting to Rs 72.00 Crore) |
| Offer for Sale | 1,400,000 shares of Rs10 (amounting to Rs 25.20 Crore) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 14,427,001 |
| Shareholding post issue | 18,427,001 |
| Market Maker portion | 288,000 shares Nnm Securities |
Lot Size of Baweja Studios Limited IPO
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 800 | Rs 1,44,000 |
| Retail (Max) | 1 | 800 | Rs 1,44,000 |
| HNI (Min) | 2 | 1600 | Rs 2,88,000 |
IPO Reservation of Baweja Studios Limited
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 11% of the Net offer |
| Retail Shares Offered | Not less than 42% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 42% of the Net Issue |
Promoters of Baweja Studios Limited IPO
The promoters of the company are Harjaspal Singh Baweja, Paramjit Harjaspal Baweja, Harman Baweja and Rowena Baweja.
Promoter Holdings of Baweja Studios Limited IPO 2024
| Shareholding Pre Issue | 99.00% |
| Shareholding Post Issue | – |
Time-Table of Baweja Studios Limited IPO 2024
| IPO Open Date | Monday, January 29, 2024 |
| IPO Close Date | Thursday, February 1, 2024 |
| Basis of Allotment | Friday, February 2, 2024 |
| Initiation of Refunds | Monday, February 5, 2024 |
| Credit of Shares to Demat | Monday, February 5, 2024 |
| Listing Date | Tuesday, February 6, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 1, 2024 |
Key Performance Indicator of Baweja Studios Limited IPO 2024
The market capitalization of Baweja Studios Limited Rs 331.69 crore.
| KPI | Values |
| ROE | 40.12% |
| ROCE | 52.55% |
| Debt/Equity | 0.07 |
| RoNW | 40.12% |
| P/BV | 13.07 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 5.52 | 4.32 |
| P/E (x) | 32.59 | 41.62 |
Lead Manager(s) of Baweja Studios Limited IPO 2024
The lead manager for Baweja Studios Limited IPO is Fedex Securities Private Limited (Past IPO Performance)
How to Apply for Baweja Studios Limited IPO 2024
Wait for the public issue to open for subscription, then click on this link to apply for the Baweja Studios Limited IPO with Bigul https://ipo.bonanzaonline.com/.
How to Check Allotment Status of Baweja Studios Limited IPO 2024
The registrar for Baweja Studios Limited IPO is Skyline Financial Services Private Limited. To check your allotment status, please click on this link below https://www.skylinerta.com/display_ipo_rightissue_allotment.php
FAQs
- What is Baweja Studios Limited IPO 2024?
Baweja Studios Limited IPO 2024 is a book-built issue of Rs 97.20 crores. The issue is a combination of Fresh issue and Offer for sale. The price band is decided at Rs 170 to Rs 180 per share. The minimum lot size of this application for the retail category is 800 shares.
- Who are the lead managers for the Baweja Studios Limited IPO 2024?
Fedex Securities Limited are appointed as the lead managers for the IPO.
- What is the role of Skyline Financial Services Private Limited in this IPO?
Skyline Financial Services Private Limited is the registrar for the Baweja Studios Limited handling the IPO’s administrative aspects.
- How can I apply for the Baweja Studios Limited IPO 2024?
The public subscription of this IPO has already begun. Visit Bigul website for the application process.
- How will the net proceeds from the IPO be utilized?
The net proceeds from the issue will also be used to cover the expenses of working capital requirements. Moreover, the funds will be utilized for the general corporate purposes like financing the capital expenditures, acquisitions, stock repurchases etc.
- How can I check the allotment status of the IPO?
You can check the allotment status of the Baweja Studios Limited IPO 2024 by https://www.skylinerta.com/display_ipo_rightissue_allotment.php
- What is the financial performance of Baweja Studios Limited?
Baweja Studios Limited’s revenue increased by 86.2% and profit after tax increased by 188.8% between the financial year ending with March 31, 2023 and March 31, 2022.