Inspire Films IPO Review

 
Inspire Films IPO Review

IPO Open Date: September 25, 2023

IPO Close Date: September 27, 2023

IPO Price: ₹56 to ₹59 per share

Lot Size: 2000 Shares

Listing: October 6, 2023

Inspire Films is scheduled to hit the market on September 25, 2023 and close on September 27, 2023. Inspire Films plans to raise around ₹21.23 Cr through an IPO with a sale of up to 3,598,000 equity shares of ₹10 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.

Established in 2012, Inspire Films Limited is a versatile player in the realm of television and digital content. Their core business encompasses the creation, production, distribution, and exhibition of content across three distinct verticals. Firstly, in the TV – Hindi GEC sector, the company crafts content for major linear broadcast channels such as Star Plus, Colors TV, Zee TV, and more, operating on contract terms that range from one year with 260 or 312 episodes (for daily and six-day-a-week shows) to one year with 52-156 episodes (for one to three days a week).

Inspire Films Limited has amassed an impressive portfolio, comprising over 10,000 episodes of content, including 35 original productions, delivered to renowned Indian broadcasters and OTT platforms like Star Plus, Colors, Sony Entertainment Television, Disney+Hotstar, MX Player, Sony LIV, and many more.

Inspire Films

Inspire Films IPO Details

Inspire Films IPO opens on Sept 25, 2023, and closes on Sept 27, 2023. The Listing date for Inspire Films IPO is on Oct 06, 2023. The price band for IPO is ₹92 to ₹97 per share and lot size of 1200 Shares.

IPO DateSept 25, 2023 to Sept 27, 2023
Listing DateOct 06, 2023
Price₹56 to ₹59 per share
Lot Size2000 Shares
Issue Size₹21.23 Cr
Face Value₹10 per share

Inspire Films IPO Tentative Timetable

Inspire Films opening date is September 25, 2023 and close date is September 27, 2023. The IPO allotment date is October 3, 2023. The refund initiation of IPO is on October 04 2023. The credit of shares in demat account is on October 05, 2023. The listing date is on October 06, 2023.

EventDate
IPO OpeningSept 25, 2023
IPO ClosingSept 27, 2023
IPO Allotment DateOct 03, 2023
Refund InitiationOct 04, 2023
Shares Credit to DematOct 05, 2023
Lisiting DateOct 06, 2023

Inspire Films IPO Lot Size

Lot Size of this IPO is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹118,000).

CategoryLotsSharesAmount
Retail(Minimum)12000₹118,000
Retail(Maximum)12000₹118,000
HNI (Minimum)24000₹236,000

Inspire Films IPO Promoter Holding

Pre Issue Share Holding93.98%
Post Issue Share Holding69.17%

Inspire Films IPO Review

Inspire Films Ltd. (IFL) operates in the entertainment industry, focusing on the creation, production, distribution, and exhibition of television and digital content. It aims to capitalize on the growing trend of Over-the-Top (OTT) platforms and reach both Indian and global audiences with its content. However, it's important to consider several factors when evaluating this IPO. It operates in an industry undergoing significant transformation due to the rise of OTT platforms. While this presents opportunities for content creators, it also means increased competition. IFL's ability to stand out in a crowded market and produce content that resonates with viewers will be critical to its success.

The sudden boost in net profit for FY23, just before the IPO, raises questions about the company's financial transparency and the consistency of its earnings. Potential investors should carefully scrutinize the financials and assess whether the reported figures are sustainable or inflated for IPO purposes.

The IPO's pricing appears aggressive, especially when considering the price-to-earnings (P/E) ratios based on FY22 and FY23 earnings. The aggressive valuation raises concerns about whether the company can deliver the expected returns to investors, given the competitive landscape and uncertainties in the entertainment industry.

Inspire Films IPO Subscription Status (Bidding Details)

InvestorSubscription
Qualified Institutions (QII)0
Non-Institutional Buyers0
  bNII (bids above ₹10L)0
  sNII (bids below ₹10L)0
Retail Investors(RII)0
Employees0
Others0
Total0

Inspire Films IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Inspire Films IPO FAQs

What is Inspire Films IPO?

Inspire Films is issuing 3,598,000 equity shares with a face value of ₹10 each, totaling up to ₹21.23 Cr. The shares are being offered at a price of ₹56 to ₹59 each, with a minimum order quantity of 2000 Shares.

Maashitla Securities Private Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Inspire Films IPO will open?

Inspire Films will open on September 25, 2023 for QIB, NII, and Retail Investors.

When Inspire Films IPO will end?

Inspire Films will end on September 27, 2023.

What is Inspire Films IPO Size?

Inspire Films IPO size is ₹21.23 Cr.

What is Inspire Films IPO Price Band?

Inspire Films price band is ₹56 to ₹59.

What is the Inspire Films IPO Allotment Date?

Inspire Films allotment date is October 3, 2023.

What is the Inspire Films IPO Listing Date?

Inspire Films listing date is October 6, 2023. The IPO is to be listed on BSE and NSE.

How to Apply Inspire Films IPO through Zerodha?

To apply for the IPO “Inspire Films” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Inspire Films IPO through Upstox?

To apply for the IPO “Inspire Films” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Inspire Films IPO Allotment Status?

For Inspire Films IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Inspire Films IPO GMP?

You can check out here:Inspire Films IPO GMP

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I'm tech-savvy, loves to write about saving, investing and proper financial planning. Also, I am a blogger, share everything with 100% transparency and the best of my knowledge.

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