IPO

DETAILS

SME

Published : 10 Mar 2023

Open Date

10 Mar 2023

14 Mar 2023

1200 

₹ 33.74  Cr

Close Date

Lot Size

IPO Size

Listing At

NSE SME

Listing Date

22 Mar 2023

Price Range

₹ 99 per share

Vels Flim International is primarily engaged in the business of production of films and sale of film rights. Vels Film International Limited is the result of the vision of Dr. Ishari K Ganesh to produce feature films in various languages. 

VELS Film International IPO is a SME IPO of 3,408,000 equity shares of the face value of ₹10 aggregating up to ₹33.74 Crores. 

The objective of the VELS Film International IPO: The net proceeds from the issue will be used for: •    Film production; •    General Corporate Purpose; •    To meet the Issue Expenses

The VELS Film International IPO lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹118,800).

The allotment date of VELS Film International IPO is set for 17th March.

VELS Film International IPO is promoted by Dr. Ishari Kadhirvelan Ganesh

Khambatta Securities Limited is the book running lead managers to the issue.