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Inspire Films Limited IPO (Inspire Films IPO) Detail

September 25, 2023 - September 27, 2023

Inspire Films IPO is a book built issue of Rs 21.23 crores. The issue is entirely a fresh issue of 35.98 lakh shares.

Inspire Films IPO bidding started from September 25, 2023 and ended on September 27, 2023. The allotment for Inspire Films IPO was finalized on Tuesday, October 3, 2023. The shares got listed on NSE SME on October 5, 2023.

Inspire Films IPO price band is set at ₹56 to ₹59 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹118,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹236,000.

Narnolia Financial Services Ltd is the book running lead manager of the Inspire Films IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for Inspire Films IPO is Share India Securities.

Refer to Inspire Films IPO RHP for detailed information.

Inspire Films IPO Details

IPO Date September 25, 2023 to September 27, 2023
Listing Date October 5, 2023
Face Value ₹10 per share
Price Band ₹56 to ₹59 per share
Lot Size 2000 Shares
Total Issue Size3,598,000 shares
(aggregating up to ₹21.23 Cr)
Fresh Issue3,598,000 shares
(aggregating up to ₹21.23 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding pre issue10,011,299
Share holding post issue13,609,299
Market Maker portion180,000 shares
Share India Securities

Inspire Films IPO Reservation

Inspire Films IPO offers 3,596,000 shares. 682,000 (18.97%) to QIB, 514,000 (14.29%) to NII, 1,198,000 (33.31%) to RII 1,022,000 (28.42%) to Anchor investors.

Investor Category Shares Offered
Anchor Investor Shares Offered1,022,000 (28.42%)
Market Maker Shares Offered180,000 (5.01%)
QIB Shares Offered682,000 (18.97%)
NII (HNI) Shares Offered514,000 (14.29%)
Retail Shares Offered1,198,000 (33.31%)
Total Shares Offered3,596,000 (100%)

Inspire Films IPO Anchor Investors Details

Inspire Films IPO raises Rs 6.03 crore from anchor investors. Inspire Films IPO Anchor bid date is September 22, 2023. Inspire Films IPO Anchor Investors list

Bid Date September 22, 2023
Shares Offered 1,022,000
Anchor Portion Size (In Cr.) 6.03
Anchor lock-in period end date for 50% shares (30 Days) November 2, 2023
Anchor lock-in period end date for remaining shares (90 Days) January 1, 2024

Inspire Films IPO Timeline (Tentative Schedule)

Inspire Films IPO opens on September 25, 2023, and closes on September 27, 2023.

IPO Open Date Monday, September 25, 2023
IPO Close Date Wednesday, September 27, 2023
Basis of Allotment Tuesday, October 3, 2023
Initiation of Refunds Wednesday, October 4, 2023
Credit of Shares to Demat Thursday, October 5, 2023
Listing Date Thursday, October 5, 2023
Cut-off time for UPI mandate confirmation 5 PM on September 27, 2023

Inspire Films IPO Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 2000 ₹118,000
Retail (Max) 1 2000 ₹118,000
HNI (Min) 2 4,000 ₹236,000
Lot Size Calculator

Inspire Films IPO Promoter Holding

Yash Arabinda Patnaik and Beyond Dreams Entertainment Private Limited are the company's promoters.

Share Holding Pre Issue 93.98%
Share Holding Post Issue 69.17%

About Inspire Films Limited

Incorporated in 2012, Inspire Films Limited is engaged in the business of creation, production, distribution, and exhibition of television and digital content.

the company has three business verticals:

  1. TV - Hindi GEC (General Entertainment Channels): This includes content creation for linear broadcast channels such as Star Plus, Star Bharat, Colors TV, Zee TV, Sony, Dangal, Shemaroo, etc. This is done through a contract basis which typically lasts for 1 year / 260 episodes (5 days a week)/ 312 episodes (6 days a week) or 1 year / 52-156 episodes (1-3 days a week) which then get renewed on yearly basis, based on the show performance. Each episode (including commercial advertisement) is a 30-60-minute slot.
  2. Digital content and platform (OTT): This includes content created for OTT platforms such as Netflix, Amazon, Sony Liv, MX Player, Disney+Hotstar, Voot, Zee5, etc. The contracts for OTT are typically 8 to 10 episodes for 45-60-minute episodes and 25 to 60 episodes for 22-25-minute episodes, which then gets extended to multiple seasons based on the popularity of the season.
  3. Regional content: This includes content produced for regional language channels such as Telugu, Tamil, Malayalam, Bengali, Marathi, etc. Both the models above apply in a similar manner in the regional space.

The company has produced over 10,000 episodes of popular content (35 originals) for leading Indian broadcasters and OTT platforms like Star Plus, Colors, Sony Entertainment Television, Disney+Hotstar, MX Player, Sony LIV, Jio Cinema, Voot Select, Channel V, Cartoon Network, Star Gold, Pogo, Disney Channel, Star Pravah, Tarang TV, Sun TV, Surya TV and others.

Company Financials

Inspire Films IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets2,849.543,053.874,159.88
Revenue1,942.473,815.284,884.82
Profit After Tax-83.0025.92404.82
Net Worth780.37806.291,311.22
Reserves and Surplus779.37805.291,310.16
Total Borrowing1,025.55359.95836.85
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Inspire Films IPO is Rs 80.3 Cr.

KPI Values
ROE30.88%
ROCE32.01%
Debt/Equity0.64
RoNW30.88%
Pre IPO Post IPO
EPS (Rs) 3925
P/E (x) 0.0219.87

Objects of the Issue (Inspire Films IPO Objectives)

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. To meet the Working Capital requirements of the Company.
  2. To meet the General Corporate Purposes.
  3. To meet the Issue Expenses.

Inspire Films IPO Review (Neutral)

[Dilip Davda]  IFL is engaged in providing digital content and related services for television and film-making. It has reported boosted profits for FY23 which raises concern as it is in a highly competitive and fragmented segment. Well-informed/cash-rich/risk seekers may park funds and others may skip in this “High Risk/Low Return” bet. Read detail review...


Inspire Films IPO Subscription Status (Bidding Detail)

The Inspire Films IPO is subscribed 129.08 times on September 27, 2023 7:29:00 PM. The public issue subscribed 180.41 times in the retail category, 25.27 times in the QIB category, and 147.16 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB25.27
NII147.16
Retail180.41
Total129.08

Total Application : 108,067 (180.41 times)

Inspire Films IPO Prospectus

Inspire Films IPO Rating

3
4.7
Rating:Rated 4.7 stars
Vote Here ...

Inspire Films IPO Listing Details

Listing Date October 5, 2023
BSE Script Code
NSE Symbol INSPIRE
ISIN INE0NDX01019
Final Issue Price ₹59 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹59.00
₹67.00
₹64.20
₹70.35
₹67.85

Check IPO Performance…

Inspire Films Limited Contact Details

Inspire Films Limited
111, 1st Floor, Shree Kamdhenu Estate,
Chincholi Off Link Road, Bhd Tangent Showroom,
Charkop, Malad Mumbai - 400064
Phone: 022- 46095834
Email: compliance@inspirefilms.in
Website: http://www.inspirefilms.in/

Inspire Films IPO Registrar

Maashitla Securities Private Limited

Phone: +91-11-45121795-96
Email: investor.ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues

Inspire Films IPO - Buy or Not

Inspire Films IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 1 0
Members 1 0 0

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Inspire Films IPO FAQs

Inspire Films IPO is a SME IPO of 3,598,000 equity shares of the face value of ₹10 aggregating up to ₹21.23 Crores. The issue is priced at ₹56 to ₹59 per share. The minimum order quantity is 2000 Shares.

The IPO opens on September 25, 2023, and closes on September 27, 2023.

Maashitla Securities Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Inspire Films IPO using UPI as a payment gateway. Zerodha customers can apply in Inspire Films IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Inspire Films IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Inspire Films IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Inspire Films IPO opens on September 25, 2023 and closes on September 27, 2023.

Inspire Films IPO lot size is 2000 Shares, and the minimum amount required is ₹118,000.

You can apply in Inspire Films IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Inspire Films IPO will be done on Tuesday, October 3, 2023, and the allotted shares will be credited to your demat account by Thursday, October 5, 2023. Check the Inspire Films IPO allotment status.

The Inspire Films IPO listing date is on October 5, 2023.
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Inspire Films IPO Message Board

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93 Comments

47. lucky boy |   Link |  Bookmark |October 25, 2023 11:53:14 AM
IPO Mentor IPO Mentor (1300+ Posts, 400+ Likes)
icici bank debited not completed yet....
46. Jonsnow |   Link |  Bookmark |October 13, 2023 11:22:59 AM (300+ Posts)
Struggling to move.....Not moving as expected..
45. Investing for a better tomorrow |   Link |  Bookmark |October 6, 2023 2:05:37 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
22L out of the 24L odd free float has been absorbed today.

Great accumulation done in the past 2 days... all weak hands are out. Monday will be the true test of the scrip, 🤞🏻 that it will repeat exactly what happened today, first LC then absorption of the liquidity and eventually UC by the end of the day.
45.2. Jonsnow |   Link |  Bookmark |October 10, 2023 10:55:31 AM (300+ Posts)
Lc now...
45.3. Investing for a better tomorrow |   Link |  Bookmark |October 10, 2023 1:49:17 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Very low volume comparatively, not much selling. Can be an accumulation ploy. I'll wait for a few days, before making my decision to hold or sell.

Having said that, if you can hold it for med to long term, it will give much better returns than you have right now.
44. Trueinfo |   Link |  Bookmark |October 6, 2023 11:50:04 AM
IPO Guru IPO Guru (1900+ Posts, 1700+ Likes)
Inspire Films is really inspiring. From a big LC to UC. I think road ahead will be quite inspiring. We can probably look for targets of 90+ .
43. RPSM |   Link |  Bookmark |October 6, 2023 10:59:25 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
UC @ 71.2
42. SSingh |   Link |  Bookmark |October 5, 2023 4:49:42 PM
IPO Guru IPO Guru (1400+ Posts, 800+ Likes)
If tomorrow it starts with UC then UCs should continue like ‘Exhicon’ as only a very few shares are outside the reach of the operators.
IPOs’ total shares offered were very less in HNI and Retail Quota. There also, ‘they’ would have bought grey applications etc.  

So, it seems like most of the shares are in strong hands now and most probably a new trajectory will start from tomorrow onwards. 👍
42.1. RPSM |   Link |  Bookmark |October 5, 2023 5:03:46 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Exactly @SSingh 

Lock in Period Shares
Anchor - 10.22 Lakhs Shares
Market Maker - 1.8 Lakhs Shares
QIB - 6.82 Lakhs Shares

Freely Available Shares:
Allocated Portion for Retail = 12 Lakhs
For NII - 5 Lakhs
Total Reserved for Retail + NII = 17 Lakhs

Out of 17 Lakhs, 16 Lakh shares have been traded today and Grabbed by the Market Maker and Big Hands at very low cost (Even @ IPO Price)

Continuous UC i am expecting atleast for 2-3 Days

In the Tick list, Go and check - Last 30 mins - 3 Lakh shares Traded upto Rs. 70.2

All the shares in Strong Hands, may reach even Rs. 100 +

Note: Issue Subscribed More than 120+ times, Not so much negative in Company Fundamentals, as per my view

Kindly refer my previous message too - sent today morning at 10.12 AM and 12.01 PM - as i am very confident - this will go UC, have bought 2 Lots (Personal Opinion Only, Not an Recommendation)

My Previous Records - Jupiter Hospital, Holmarc (Refer Chat Box, at the time of listing)
42.2. Investing for a better tomorrow |   Link |  Bookmark |October 5, 2023 8:18:33 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
@RPSM 

I agree with your analysis, but a slight correction. QIBs don't have any lock in period, and many qibs sold major holdings today itself.

Some examples are as follows (info forwarded as received)
*05-Oct-2023 INSPIRE Inspire Films Limited*
```
NAVI FINSERV PRIVATE LIMITED
S🟥 96,000 69.09
NEOMILE GROWTH FUND - SERIES I
S🟥 96,000 67.00
RASHI FINCORP LTD
B🟩 1,44,000 68.04
STCI PRIMARY DELAER LTD
S🟥 98,000 67.00
```
So therefore out of 23Lacs odd free float, 16Lacs have already exchanged hands. Monday will be the true test for the scrip as all shares bought today shall become available for sale on that day.
41. RPSM |   Link |  Bookmark |October 5, 2023 4:38:39 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
I am Holding 2 Lots tightly and planning to Sell only @ 78 - 80 Range

Last 1 Hour - 3 Lakh Shares Traded and Hence Reaches Rs. 70.2 (10 Paise below UC)
41.1. Jonsnow |   Link |  Bookmark |October 5, 2023 6:19:49 PM (300+ Posts)
Let's hope it starts upward journey tomorrow onwards....holding one lot..
40. RPSM |   Link |  Bookmark |October 5, 2023 1:01:11 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
@Jonsnow Lets See, I am very confident, it will move UC
40.12. Jonsnow |   Link |  Bookmark |October 17, 2023 3:00:50 PM (300+ Posts)
@Investing for a better tomorrow ....thanks sir.... it is hovering around my buying price....when is the circuit limit changing??
40.13. Investing for a better tomorrow |   Link |  Bookmark |October 19, 2023 10:44:55 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Today... 19th October. Circuit has changed to 20%.
39. RPSM |   Link |  Bookmark |October 5, 2023 11:12:35 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Bought Inspire Films @ 67 open

Expecting Target of 80 in few days
39.3. RPSM |   Link |  Bookmark |October 5, 2023 11:39:34 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Added one more lot at 65. Might Get UC today evening
39.4. Jonsnow |   Link |  Bookmark |October 5, 2023 12:07:40 PM (300+ Posts)
Looks like it will move towards lc....
38. PKRAJ |   Link |  Bookmark |October 5, 2023 11:19:52 AM
Listed at double the GMP given in CG. Was subscribed heavily. Not to hurry for invest further. Many more good options are available for investment. Only well informed investors to invest in SMEs. Small investors to take due care for investment in SMEs.
37. ARJUN'S EYE |   Link |  Bookmark |October 5, 2023 11:10:45 AM
IPO Mentor IPO Mentor (900+ Posts, 800+ Likes)
Inspire Films Ltd NSE SME IPO.
NSE Code:-19157                  
Symbol:-INSPIRE
Group:-ST
ISIN:-INE0NDX01019
Issue Price:-59/-
Market Lot:-2000 Shares
Face Value:-10/-
Listing At:-NSE SME
36. hbk |   Link |  Bookmark |October 4, 2023 10:24:34 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Any listing predictions?
36.1. Investing for a better tomorrow |   Link |  Bookmark |October 5, 2023 12:18:05 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
GMP has remained constant in the past few days. Will list positively.

By how much, is all dependant on the market forces, may buy a few additional lots of it lists below GMP.

It's a high risk- higher reward play for the kind of industry (Tv and Ott) the company functions in.
35. Anari Investor |   Link |  Bookmark |October 4, 2023 9:10:36 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Non allotment message received.
0/3. No problem. BE HAPPY.
34. ManishDwiv |   Link |  Bookmark |October 4, 2023 8:37:29 PM
Top Contributor Top Contributor (600+ Posts, 200+ Likes)
Listing on 5th October
33. hbk |   Link |  Bookmark |October 3, 2023 10:21:15 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Listing on 5th or preponed to 4th?
33.1. rajugentleman |   Link |  Bookmark |October 4, 2023 10:44:02 AM
It is on 5th.
32. KAMMA SIVA RAMA KRISHNA |   Link |  Bookmark |October 3, 2023 12:51:54 PM
0/1. No problem. Hopefully looking forward for the future. All the best to the allottees.
31. G profit |   Link |  Bookmark |October 1, 2023 6:42:45 AM
IPO Mentor IPO Mentor (1200+ Posts, 300+ Likes)
0/6 in retail and hni in inspire
0/6 in retail and hni in saakshi
0/6 in retail and hni in digikore
Waiting for arabian
31.1. Advantage |   Link |  Bookmark |October 2, 2023 1:09:26 AM
0/10 inspire
0/10 digikore
2/10 sakshi
-/3 Arabian petroleum awaiting
All other SMEs 0/10
30. qriousTrader |   Link |  Bookmark |September 30, 2023 11:07:22 PM
0 out of 6 retail
29. rajugentleman |   Link |  Bookmark |September 30, 2023 9:39:47 PM
Got 1. GMP down to 30%. Hope for best.
28. Vbhav |   Link |  Bookmark |September 30, 2023 10:29:29 AM (200+ Posts)
Hdfc upi still blocked...... .
28.2. Vbhav |   Link |  Bookmark |September 30, 2023 6:51:27 PM (200+ Posts)
Hdfc both upi and asba
28.3. Vbhav |   Link |  Bookmark |September 30, 2023 6:51:50 PM (200+ Posts)
Its unblocked now in hdfc upi and asba