
Media & Entertainment · NSE
Incorporated in 2019, VELS Film International Limited is engaged in the production and sale of film rights, with a focus on creating feature films across various languages. Promoted by Dr. Ishari K. Ganesh, the company is a member of the South Indian Film Chamber of Commerce and has established a strong presence in the rapidly growing Tamil Film Industry—the third-largest in India. Since inception, VELS Film has produced notable movies such as Mookuthi Amman, Kutty Story, Sumo, Joshua Imai Pol Kaakha, and Vendhu Thanindhathu Kaadu, and is currently working on projects like Singapore Salon, Corona Kumar, and Chutney Sambar. The company’s strengths lie in its experienced management, the brand value of “VELS” and Dr. Ishari K. Ganesh, a solid distribution network, and a strong growth trajectory with visible revenue streams.
Price Band
₹99
Issue Size
₹33.74 Cr
Lot Size
1200 shares
GMP
+3.0%
Est. Listing
₹102
at current GMP
Subscribed
1.10x
overall
Open
10 Mar 2023
Close
14 Mar 2023
Allotment
18 Mar 2023
Refund
19 Mar 2023
Demat Credit
20 Mar 2023
Listing
22 Mar 2023
Designated Registrar: Cameo Corporate Services Limited
Allotment Date
18 Mar 2023
Basis finalization
Refunds Initiate
19 Mar 2023
Mandate release
Demat Credit
20 Mar 2023
Shares in demat
Listing Debut
22 Mar 2023
Trading begins
VELS Film International Limited is bringing an initial public offering (IPO) in the Media & Entertainment sector with an aggregate issue size of ₹33.74 Crores. The shares are offered at a price band of ₹99 to ₹99 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2023-03-14, the basis of allotment is scheduled to be finalized on 2023-03-18. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Cameo Corporate Services Limited) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.