IPO Issue Details
Issue Price / Price Band₹61 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size3,72,000 shares (aggregating up to ₹2.27 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenFri, 12 Apr 2019
Subscription CloseThu, 18 Apr 2019
Anchor AllotmentThu, 11 Apr 2019
Basis of AllotmentWed, 24 Apr 2019
Initiation of RefundsThu, 25 Apr 2019
Credit of Shares to DematThu, 25 Apr 2019
Listing DateTue, 30 Apr 2019
UPI Mandate Deadline2019-04-18
Application & Investment Details
Retail — Min (1 Lots)₹1,22,000 — 2,000 shares
Retail — Max (13 Lots)₹1,586,000 (13 Lots)
HNI — Min (2 Lots)₹2,44,000 — 4,000 shares
Net Offer to Public3,52,000 shares (aggregating up to ₹2.15 Cr)
Reserved for Market Maker20,000 shares (aggregating up to ₹0.1220 Cr)
Pre-IPO Promoter Holding10,00,000 shares
Post-IPO Promoter Holding13,72,000 shares
About V R Films & Studios Ltd.
Incorporated in 2007, Mumbai based V R Films & Studios Limited is engaged in offering a complete range of localization services for digital, film and TV industry. Ranging from content editing, subtitling, dubbing, content localization and mixing, the company provides assistance work for TV programmes, games, documentaries, movies, and audiobooks, in international and Indian regional languages.The company also does dubbing (post-production process) work for Chinese and Hollywood films to change in Indian regional languages and then provide it to sub-distributors through sub-licence in licensed areas and the licensed languages. The films of the company are sublicensed to Zee TV, Sony TV, etc.The company has a registered office in Mumbai and 3 dubbing studios.The future goals of the company are:1. Expand client base2. Increase Process Services3. Maintain a strong relationship with existing clientsSome of the famous clients of the company are:1. Viacom 18 Media Private Limited,2. Sony Pictures Networks India Private Limited,3. Zee Entertainment Enterprises Limited,4. Discovery Communications India,5. Paramount Pictures Corporation,6. Paramount Pictures International LimitedThe key strengths of the company are as follow:1. Advance equipment set up2. Technically Sound Operation3. A large number of clients4. A wide range of services offered
Objects of the Issue
V R Films & Studios Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 To meet working capital requirement
1.37
2
2 General Corporate Purposes
0.50
3
3 To meet Issue Expenses
0.40
Shareholding & Lock-in
Pre-IPO Promoter Holding
10,00,000 shares
Post-IPO Promoter Holding
13,72,000 shares