V R (Visual Reality) Films & Studios Limited, a Mumbai based company engaged in the business related to the television, film and digital industry, is issuing the IPO (Initial Public Offering). Equity shares of face value Rs 10 are being offered during the issue at a price of Rs 61 per equity share including a premium price of Rs 51. In this issue, 3,72,000 equity shares worth Rs 2.26 crore are to be launched. V R Films & Studios IPO issue opens on 12th April 2019 and it closes on 18th April 2019. After allocation, the shares will be listed on the SME platform of BSE (Bombay Stock Exchange).
About V R (Visual Reality) Films & Studios Limited
V R Films & Studios Limited was incorporated in Mumbai in the year 2007. It is engaged in the business of providing complete localization services for television, film and digital industry, which consists of dubbing, mixing, subtitling, content editing and content localization services for movies, documentaries, audiobooks, games and TV programmes in regional and international languages. They acquire foreign language films mainly from Hollywood and Chinese film industry and dub them in Indian Local language (Hindi, Tamil, Telugu etc.) and then distribute them theatrically or sublicense to sub-distributors across all licensed territories in all licensed languages including English.
This company operates its activities from its registered office and studios located in Mumbai. It has 3 dubbing studios obtained on rent in Mumbai. Their list of clients includes some of the renowned names in Films and Television Industry such as Viacom 18 Media Private Limited, Sony Pictures Networks India Private Limited, Zee Entertainment Enterprises Limited, Discovery Communications India, Paramount Pictures Corporation, Paramount Pictures International Limited etc.
The company is promoted by Mr Manish Satprakash Dutt, Mr Krishi Satprakash Dutt and Mr Pawan Kumar Dutt. As in fiscal 2018, the total revenue of the company stands at Rs. 1283.03 Lakhs.
V R Films & Studios IPO – Issue Details
| Issue Type | Fixed Price IPO Issue |
|---|---|
| Issue Opens | 12th April 2019 |
| Issue Closes | 18th April 2019 |
| Face Value | Rs 10 Per Equity Share |
| Issue Price | Rs 51-61 Per Equity Share |
| Issue Size | 3,72,000 Equity Shares (Rs 2.26 crores) |
| Market Lot | 2,000 Shares |
| Minimum Order Quantity | 2,000 Shares |
| Listing | BSE SME |
V R Films & Studios IPO – Objects of the issue
The following are the objects this upcoming IPO Issue:-
- To meet working capital requirements.
- General corporate purpose.
- To meet the Issue related expenses
V R (Visual Reality) Films & Studios Limited – Company Contact Details
Registered and Corporate Office: 19, Chhadva Apartments, Sion-Trombay Road, Chembur, Mumbai – 400071
Telephone: +91-22-25273841
Website: www.vrfilms.in
Visual Reality Films & Studios IPO – Lead Manager to the Issue
The lead manager to this upcoming IPO issue by V R Films & Studios Limited is Hem Securities Limited.
V R Films & Studios IPO – Registrar to the Issue
The registrar to this upcoming IPO issue by V R Films & Studios Limited is Link Intime India Private Limited.
V R Films & Studios IPO Issue Prospectus
Click here to read the final issue prospectus of this upcoming IPO.
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Disclaimer: This post is just information about the issue. It does not give any advice or recommendation. Investments into securities are subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions.
Tags: #IPO #Stock Market #Visual Reality Films and Studio IPO #V R Films & Studios IPO
