The Baweja Studios date has been confirmed from January 29, 2024 and closes on February 1, 2024.
Baweja Studios Developers IPO is a fixed price issue of Rs 97.20 crores. The price band is set at ₹170 to ₹180 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹144,000. The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to ₹288,000.
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Bidding Dates
Jan 29-Feb 1
Price Range
₹170 to ₹180 per share
Face Value
₹10 per share
GMP
₹2
Baweja Studios IPO GMP
The Baweja Studios IPO GMP is ₹2.
IPO Overview
Baweja Studios’ IPO is a book-built issue worth Rs 97.20 crore. The offering consists of a fresh issue of 40 lakh shares totaling Rs 72.00 crores and an offer to sell of 14 lakh shares totaling Rs 25.20 crores. Baweja Studios’ initial public offering (IPO) begins on January 29, 2024 and ends on February 1, 2024. The allotment for Baweja Studios’ IPO is expected to be finalised on Friday, February 2, 2024. The Baweja Studios IPO will be listed on NSE SME with a tentative listing date of Tuesday, February 6, 2024.
Baweja Studios’ IPO price range is set at ₹170 to ₹180 per share. The minimum lot size for an application is 800 shares. Retail investors require a minimum investment of ₹144,000. The minimum investment for HNI is 2 lots (1,600 shares) worth ₹288,000.
Baweja Studios IPO Details
| IPO Date | January 29, 2024 to February 1, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹170 to ₹180 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 5,400,000 shares (aggregating up to ₹97.20 Cr) |
| Fresh Issue | 4,000,000 shares (aggregating up to ₹72.00 Cr) |
| Offer for Sale | 1,400,000 shares of ₹10 (aggregating up to ₹25.20 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 14,427,001 |
| Share holding post issue | 18,427,001 |
| Market Maker portion | 288,000 shares |
Baweja Studios Limited Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 4,489.98 | 3,056.03 | 3,223.67 |
| Revenue | 7,628.31 | 4,096.79 | 1,954.11 |
| Profit After Tax | 796.91 | 275.94 | 764.60 |
| Net Worth | 1,986.28 | 724.07 | 448.13 |
| Reserves and Surplus | 543.58 | 181.07 | 445.13 |
| Total Borrowing | 142.38 | 266.86 | 179.60 |
| Amount in ₹ Lakhs | |||
Baweja Studios IPO Timeline
| 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 |
Company Profile
Baweja Studios Limited, founded on March 16, 2001, is a production business that produces Hindi and Punjabi films such as Chaar Sahibzaade, Love Story 2050, Qayamat, and Bhaukaal. Additionally, the company trades movie rights. They buy rights from producers and then sell them to exhibitors and streaming services. By June 2023, the company will have completed 22 projects, including six films under production and seven in pre-production. Baweja Studios is a content production company that specialises in generating technology-based commercial films.
The company’s mission is to push the boundaries of storytelling while incorporating technical breakthroughs into its sector. As part of their business process, they do script research and development, complete content production, create intellectual property, and monetize rights. The studio has expanded into a variety of fields, including digital films, web series, animation films, Punjabi films, commercial films, and music videos. As of June 22, 2023, the company employed a total of 16 full-time employees across multiple departments. The competitive strength of the company are :-
- The Promoter, Mr. Harman Baweja, has played a significant role in the growth and development of our business with his 22 years of experience in the media and entertainment industry.
- The Directors and other Key Managerial Personnel lead day-to-day activities, ensuring a lean and hands-on organization.
- Long-standing relationships in the industry
- Diverse and growing Content Library
- The business model that relies on technology involves utilizing a company’s ability to form a skilled team for producing innovative films, effective marketing, expert management to identify potential scripts, acquiring new OTT platforms and online digital partners and customers, budgeting for film production, and achieving economies of scale.
Registrar Info
| Name | Skyline Financial Services Private Ltd |
| Phone number | 02228511022 |
| Email ID | cs@bawejastudios.com |
| Website | skylinerta.com |
Contact Details
| Name | Baweja Studios Limited |
| Phone number | +91 22 3590 1403 |
| Email ID | cs@bawejastudios.com |
| Website | bawejastudios.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
