VELS Film IPO subscription status started on Friday March 10, 2023 and will close on March 14, 2023. VELS Film IPO to raise around ₹33.74 crores via IPO. The retail quota is 50%, NII is 50%. The price band is fixed at ₹99 per equity share.
The VELS Film IPO minimum market lot is 1200 shares with ₹118,800 application amount. The IPO to list on BSE.
VELS Film International Limited is doing a production of films promoted by Dr. Ishari K. Ganesh. He produced films such as Devi, LKG, Comali, Mookuthi Amman, and many more. He started this venture with the vision to produce films in various languages like Tamil, Telugu, and Hindi.
IPOWatch View
We recommend investors may apply an IPO with Caution (Risky) Investors should also look at the NII, and Retail numbers before investing.
VELS Film IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
| NII | 0.11 | 0.16 | 1.21 |
| RII | 0.01 | 0.34 | 0.97 |
| Total | 0.06 | 0.25 | 1.10 |
VELS Film IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
VELS Film IPO Review
- Avoid / Risky
VELS Film IPO Date & Price Band
| IPO Open: | March 10, 2023 |
| IPO Close: | March 14, 2023 |
| IPO Size: | Approx ₹33.74 Crores, 3,408,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹99 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
VELS Film IPO Market Lot
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1200 | ₹118,800 |
| Retail Maximum | 1 | 1200 | ₹118,800 |
| S-HNI Minimum | 2 | 2400 | ₹237,600 |
VELS Film IPO Subscription Dates
| IPO Open Date: | March 10, 2023 |
| IPO Close Date: | March 14, 2023 |
| Basis of Allotment: | March 17, 2023 |
| Refunds: | March 20, 2023 |
| Credit to Demat Account: | March 21, 2023 |
| IPO Listing Date: | March 22, 2023 |
VELS Film IPO Form
How to apply for the VELS Film IPO? You can apply for VELS Film IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the VELS Film IPO in the Invest section. The other option is you can apply for VELS Film IPO via IPO forms downloaded via NSE. Check out the VELS Film forms – Click NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
