January 18, 2023
New Delhi, India
Baweja Studios IPO Details
Baweja Studios Limited, a leading production company in India, has announced its initial public offering (IPO) with a price band of ₹180-190 per equity share. The IPO will open for subscription on January 29, 2023, and close on February 1, 2023. The allocation to anchor investors will take place on January 25, 2023.
Key Dates and Lot Size
- IPO Open Date: January 29, 2023
- IPO Close Date: February 1, 2023
- Anchor Investor Allocation Date: January 25, 2023
- Basis of Allotment Finalization: February 2, 2023
- Refunds Initiation: February 5, 2023
- Credit of Shares to Demat Accounts: February 5, 2023
- Listing on BSE and NSE: February 6, 2023
- Issue Lot Size: 800 equity shares and in multiples of 800 equity shares thereafter
Reservation of Shares
- Qualified Institutional Buyers (QIBs): 50%
- Non-Institutional Institutional Investors (NIIs): 15%
- Retail Investors: 35%
Company Overview and Financials
Baweja Studios is a content production house that focuses on creating technology-based commercial films. The company has produced several successful Hindi and Panjabi films, including Chaar Sahibzaade, Love Story 2050, Qayamat, and Bhaukaal. It is also engaged in the business of trading movie rights.
The company’s revenue increased by 86.2% and profit after tax (PAT) rose by 188.8% between the financial year ending with March 31, 2022, and March 31, 2023.
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IPO Proceeds Utilization
The net proceeds from the IPO will be utilized towards working capital requirements and for general corporate purposes.
Conclusion
Baweja Studios’ IPO offers an opportunity for investors to participate in the growth of a company with a strong track record and a focus on technology-based commercial films. The company’s experienced management team and its focus on innovation make it an attractive investment option.
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