Baweja Studios IPO is a book built issue of Rs 97.20 crores. The issue is a combination of fresh issue of 40 lakh shares aggregating to Rs 72.00 crores and offer for sale of 14 lakh shares aggregating to Rs 25.20 crores.
Baweja Studios IPO opens for subscription on January 29, 2024 and closes on February 1, 2024. The allotment for the Baweja Studios IPO is expected to be finalized on Friday, February 2, 2024. Baweja Studios IPO will list on NSE SME with tentative listing date fixed as Tuesday, February 6, 2024.
Baweja Studios IPO price band is set at ₹170 to ₹180 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹144,000. The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to ₹288,000.
| IPO | Price | GMP(₹) | Est Listing | Sub2 | Fire Rating | IPO Size | Open | Close | BoA Dt | Listing | GMP Updated |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Baweja Studios NSE SMEUpcoming | 180 | — | 180 (0.00%) | — |  |
₹97.20 Cr | 29-Jan | 1-Feb | 2-Feb | 6-Feb | 19-Jan 19:32 |
Baweja Studios Ltd IPO Timeline
Baweja Studios Ltd IPO opens on 29-Jan-2024, and closes on 01-Feb-2024. The Baweja Studios Ltd IPO bid date is from 29-Jan-2024 to 01-Feb-2024. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.
| Event | Date |
|---|---|
| Baweja Studios Ltd IPO Opening Date | 29-Jan-2024 |
| Baweja Studios Ltd IPO Closing Date | 01-Feb-2024 |
| Basis of Allotment | 02-Feb-2024 |
| Initiation of Refunds | 05-Feb-2024 |
| Credit of Shares to Demat | 05-Feb-2024 |
| Baweja Studios Ltd IPO Listing Date | 06-Feb-2024 |
Baweja Studios Ltd IPO Lot Size
Baweja Studios Ltd IPO lot size is 800 shares. A retail-individual investor can apply for up to 1 lots (800 shares or 144000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 800 | ₹144000 |
| Maximum | 1 | 800 | ₹144000 |
Baweja Studios Ltd IPO Details
| Baweja Studios Ltd IPO Date | 29-Jan-2024 to 01-Feb-2024 |
| Baweja Studios Ltd IPO Face Value | Shares of ₹10 per share |
| Baweja Studios Ltd IPO Price | ₹170 to ₹180 per share |
| Baweja Studios Ltd IPO Lot Size | 800 |
| Issue Size | Shares of ₹10 (aggregating up to ₹91.8 – 97.2 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹72 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹25.2 Cr) |
| Issue Type | Book Building – SME |
| Listing At | NSE – SME |
| QIB Shares Offered | – |
| Retail Shares Offered | – |
| NII (HNI) Shares Offered | – |
| Company Promoters | Harjaspal Singh Baweja, Paramjit Harjaspal Baweja, Harman Baweja. |
Objects of the Issue
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- 1 To meet the working capital requirements
- 2 General corporate purposes
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Company Financials
Baweja Studios Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2023 | 44.90 | 76.28 | 7.97 |
| 03-2022 | 30.56 | 40.97 | 2.76 |
| 03-2021 | 32.24 | 19.54 | 7.65 |
| Amount in ₹ Crore | |||
