Baweja Studios IPO

Baweja Studios Limited IPO

Baweja Studios Limited’s IPO consists of a fresh issue of 40 lakh equity shares and an offer to sell 14 lakh shares. The shares are issued and offered at a price band of INR 170-180. The company plans to utilize it to meet the working capital requirements and general corporate purposes.

Baweja Studios Limited IPO – Important Details

Baweja Studios IPO DateJanuary 29, 2024 to February 1, 2024
Baweja Studios IPO Listing DateFebruary 6, 2024
Baweja Studios IPO PriceINR 170-180 per share
Baweja Studios IPO Lot Size800 Shares
Baweja Studios IPO Total Issue SizeINR 9720 lakhs
Baweja Studios IPO Basis of AllotmentFebruary 2, 2024
Baweja Studios IPO Initiation of RefundsFebruary 5, 2024
Baweja Studios IPO Credit of Shares to DematFebruary 5, 2024
Baweja Studios IPO Issue TypeBook Built Issue IPO
Baweja Studios IPO Listing AtNSE SME

Baweja Studios Ltd IPO – Company Profile

Baweja Studios, a leading media and entertainment firm, boasts a robust portfolio of 22 completed projects, six films in production and 7 in pre-production. Their technology-driven approach focuses on end-to-end content creation, intellectual property creation, and monetizing strategic rights.

They diversify into digital films, animation, Punjabi films, and more, aspiring to be an industry leader. Focused on high-quality content, they collaborate globally, extending film IPs into diverse derivatives like sequels, web series, and merchandise.

They are a self-sufficient entity with facilities and a dedicated team of skilled professionals, including writers, directors, and marketing personnel. Committed to cost-effective, high-quality productions, their experienced in-house creative team forms the company’s backbone.

Baweja Studios Limited IPO – Fundamental Analysis

Baweja Studios’ IPO presents a mixed financial picture. While revenue shows robust growth, expenses have soared, impacting profitability. RoNW declined, suggesting efficiency concerns. EPS fluctuated, but NAV per share surged. Total assets increased with manageable liabilities. Consider potential risks before investing.

Revenue

There is a consistent and significant increase in revenue over the three years, from ₹1,944.54 lakhs in 2021 to ₹7,379.05 lakhs in 2023. This indicates a strong growth trajectory.

Expenses

The expenses for Baweja Studios were ₹796.43 lakhs as of 31 March 2021, significantly increasing to ₹3,688.00 lakhs as of 31 March 2022 and further rising to ₹6,558.74 lakhs as of 31 March 2023.

Profit and Loss After Tax

The profit and loss after tax for the company was ₹764.60 lakhs as of 31 March 2021. It experienced a dip to ₹275.94 lakhs as of 31 March 2022 but then rebounded to ₹796.91 lakhs as of 31 March 2023.

Return on Net Worth (RoNW)

There’s a substantial decrease from 170.62% in 2021 to 40.12% in 2023. While still positive, this decline could indicate that the company’s efficiency in generating profits from shareholders’ equity is decreasing.

Earnings Per Share (EPS)

The diluted earnings per share (EPS) for Baweja Studios were ₹7.82 in 2021, decreased to ₹2.82 in 2022, and then increased to ₹7.83 in 2023.

Net Asset Value (NAV) per Equity Share

The net asset value (NAV) per equity share stood at ₹4.59 as of 31 March 2021, increased to ₹7.41 as of 31 March 2022, and further rose to ₹19.51 as of 31 March 2023.

Total Assets and Liabilities

The total assets of the company were ₹3,223.67 lakhs as of 31 March 2021, which decreased slightly to ₹3,056.03 lakhs as of 31 March 2022, and then increased to ₹4,489.98 lakhs as of 31 March 2023. On the other hand, total liabilities were ₹2,775.55 lakhs as of 31 March 2021, decreased to ₹2,331.95 lakhs as of 31 March 2022, and slightly increased to ₹2,503.69 lakhs as of 31 March 2023.

Baweja Studios IPO Financial Information

ParticularAs at 31 March 2021As at 31 March 2022As at 31 March 2023
Revenue(₹in lakhs)1,944.544,071.027,379.05
Equity(₹ in lakhs)448.13724.071,986.28
Expenses (₹in lakhs)796.433,688.006,558.74
Profit and Loss After Tax (₹ in lakhs)764.60275.94796.91
RoNW (%)170.6238.1140.12
Diluted EPS only (₹)7.822.827.83
NAV per Equity Share (₹)4.597.4119.51
Total Assets (in lakhs)3,223.673,056.034,489.98
Total Liabilities (in lakhs)2,775.552,331.952,503.69

Baweja Studios IPO Peer Comparison 

Baweja Studios Limited’s IPO peer comparison shows that the company exhibits a competitive standing among its industry peers. While specific financial values vary, Baweja Studios showcases strength in Total Income, P/E, EPS, and RoNW. 

Company  Total Income (₹)Face Value per Equity Share (₹)P/EEPS (Basic and Diluted) (₹)RoNW (%)NAV per Equity Share (Basic) (₹)
Baweja Studios Limited7,379.0510NA7.8340.1213.77
Shemaroo Entertainment Limited55,660.701048.303.451.59216.11
Eros International Media Limited68,06310(2.13)(12.48)(11.34)107.16
Zee Entertainment Enterprises Limited808,7901500.100.500.45111.63
Mukta Arts Limited16,317.85511.248.3390.9990.19
Vels Film International Limited5992.121066.431.503.3941.81

Baweja Studios Limited IPO Objective

The main objective of Baweja Studios’ IPO is to allocate INR 5410 lakhs to meet working capital needs, aiming for business growth and increased profitability. The remaining funds will support general corporate objectives, covering various expenses and facilitating overall business development initiatives.

  1. To meet the working capital requirements: The company proposes to utilize INR 5410 lakhs towards funding its working capital requirements in the ordinary course of business. The company seeks additional working capital for business growth and strategic purposes and anticipates increased revenues and profitability through funding for expansion and opportunities.
  1. General corporate purposes: The company will deploy the balance funds towards the general corporate goals, including business development initiatives, meeting any expenses, including salaries, rent, administration costs, insurance premiums, repairs and maintenance, payment of taxes and duties, and other similar expenditures.

Baweja Studios Ltd IPO Risks and Challenges

Baweja Studios’ risks include relying on diverse content distribution and emphasizing relationships. Uncertainty in future content access and customer collections, coupled with intense competition in Indian film distribution, poses risks to film success and revenue streams.

  • Revenue generation relies on content distribution through diverse channels, making content acquisition integral. Success hinges on fostering and establishing relationships with industry players. Although past relationships have been beneficial, there needs to be more certainty about maintaining access to content through these means.
  • Their business relies on film content exploitation through agreements with various channels. Maintaining and establishing relationships is crucial. Despite a focus on film production, exposure to customer collection issues may impact the recovery of outstanding dues.
  • Intense competition in Indian film distribution channels, particularly during peak release periods, poses a risk to the success of their films. Growing entertainment options and technological advances may impact audience demand, potentially affecting revenue streams and overall business outcomes.

 Baweja Studios Ltd IPO – Industry & Market Potential

The global entertainment and media (E&M) industry rebounded in 2021, registering a robust 10.4% revenue growth to US$2.34 trillion, surpassing the 2020 decline. Digital transformation, mobile focus, youth engagement, and the prominence of virtual reality, gaming, and digital advertising contribute to the industry’s dynamism.

India’s Media and Entertainment (M&E) industry, driven by rising income and digital trends, exhibits robust growth. With a projected revenue of INR 1.6 trillion in FY24, initiatives like increased Foreign Direct Investment (FDI) position India as a global M&E hub.

India’s Media and Entertainment industry showcases remarkable growth, outpacing the global average. Fueled by rising incomes and digital adoption, prospects include retail advertisement growth, E-commerce expansion, and untapped opportunities in rural regions, supported by 5G and future 6G plans.

Baweja Studios Ltd IPO – Type of Offer

Baweja Studios IPO includes a fresh issue of 40 lakh shares and an offer to sell 14 lakh shares by the existing shareholders. 

  1. Fresh Issue: The company will issue new shares to raise capital, aiming to collect INR 40 lakhs. The company intends to meet the working capital requirements and general corporate purposes.
  2. Offer for sale: Baweja Studios is offering to sell 14 lakh existing shares. The following are the details of the existing shareholder who is also the promoter selling the shares:
Name of the promoter selling shareholderMaximum number of offered shares for sale (in millions)
Harjaspal Singh Baweja14,00,000

Baweja Studios Ltd IPO Offer Size

The offer size of Baweja Studio’s IPO is INR 97.02 crores. The offer includes a fresh issue of 40 lakh equity shares and an offer to sell existing shares for INR 14 lakhs.

Baweja Studios Limited IPO Allotment Structure

Baweja Studios IPO’s allocation will be as follows: 11% for Qualified Institutional Buyers (QIB), 42% for Non-Institutional Investors (NII), and 42% for Retail Individual Investors (RII) in accordance with SEBI regulations. A portion of the issue is also set aside for the market makers.

●   Qualified Institutional Buyers (QIB): As per SEBI regulations, 11% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.

Non-Institutional Investors (NII): 42% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.

Retail Individual Investors (RII): The remaining 42% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.

●   Market Maker Reservation Portion: A portion of the issue- 5.10% is reserved for the market makers.

How to apply for Baweja Studios IPO?

To apply for the Baweja Studios IPO through Alice Blue, you would typically follow these steps:

  1. Open a Demat and Trading Account: If you don’t have one already, you would need to open a Demat and trading account with Alice Blue.
  2.  Check for IPO Details: Once your account is active, you can check for the Baweja Studios IPO details in the IPO section of the Alice Blue platform.
  3. Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
  4. Submit the Application: Confirm all your details and submit your application.

 You can apply for Baweja Studio’s IPO at Alice Blue in just a few clicks!

Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.  Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.

How to Check Baweja Studios IPO Allotment Status on Alice Blue?

Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:

  1. Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
  2. Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
  3. Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
  4. Select the Baweja Studios IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Baweja Studios IPO.
  5. Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here. If you face any issues, it is recommended that you contact Alice Blue’s customer support for detailed assistance.

 Apart from Alice Blue, there are other ways to check the allotment status of the Baweja Studios IPO:

  • Registrar’s Website: Visit the website of Skyline Financial Services Private Limited, the registrar of the Baweja Studios IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
  • NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (BSE) SME (Small Medium Enterprise) Platform.

You would need your application number and PAN to check the status.

Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.

Baweja Studios IPO Offer Registrar

The registrar for Baweja Studios Limited IPO is Skyline Financial Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.

Contact information for the registrar:

Skyline Financial Services Private Limited

D-153 A, 1st Floor Okhla Industrial Area, Phase-I

New Delhi – 110020,

Delhi, India

Tel No.: 011-40450193-97

Email: [email protected]

Website: www.skylinerta.com

Baweja Studios IPO FAQs

What is the allotment date of the Baweja Studios IPO? 

The allotment date of the Baweja Studios IPO is February 2, 2024.

What is the price band of the Baweja Studios IPO? 

The price band of Baweja Studios IPO is INR 170-180 per share. 

What is the size of the Baweja Studios IPO?

The offer size of Baweja Studio’s IPO is INR 97.20 crores. The offer includes a fresh 40 lakh equity shares and an offer to sell existing shares for INR 14 lakhs.

What is the listing date of the Baweja Studios IPO?

The listing date of the Baweja Studios IPO is February 6, 2024.

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