Baweja Studios Gears Up for Landmark IPO: Set to Make Waves in the Market

Baweja Studios Limited is all set to launch its Initial Public Offering (IPO), making it the most anticipated public issue of the week. The IPO, which opens for subscription today, boasts a price band of ₹170 to ₹180 per equity share, with a face value of ₹10.

The issue lot size stands at 800 equity shares, available in multiples of 800 equity shares thereafter. This public issue is expected to attract considerable attention from investors as it marks a pivotal moment for Baweja Studios. Notably, the IPO is structured with reservations: up to 50% for qualified institutional buyers (QIB), a minimum of 15% for non-institutional investors (NII), and a 35% reservation for retail investors.

Investors keen on participating in this major offering should take note that the subscription window will remain open until February 1. The IPO basis of allotment is tentatively scheduled to be finalized on February 2, paving the way for the listing of Baweja Studios on both BSE and NSE on February 6.

For those unfamiliar with Baweja Studios, the company was founded in 2001 and has left an indelible mark in the film industry with notable productions like "Chaar Sahibzaade," "Love Story 2050," "Qayamat," and "Bhaukaal." Engaged in film production and trading movie rights, the company has successfully completed 22 projects, with 6 films in production and 7 in pre-production.

The financial performance of Baweja Studios has been robust, with an 86.2% increase in revenue and a staggering 188.8% rise in profit after tax (PAT) between the financial years ending March 31, 2022, and March 31, 2023.

The driving forces behind Baweja Studios are its visionary promoters: Harjaspal Singh Baweja, Paramjit Harjaspal Baweja, Harman Baweja, and Rowena Baweja. These individuals have played a pivotal role in the company's journey and are expected to continue steering it towards greater success.

Managing the intricacies of the IPO is Fedex Securities Pvt Ltd, serving as the book-running lead manager, while Skyline Financial Services Private Ltd takes on the role of the registrar for the issue. Investors and industry enthusiasts alike are eagerly awaiting the outcome of this landmark IPO, which is poised to make waves in the market.