Baweja Studios Ltd, a legacy content production studio known for its dynamic quality of film-making and innovative storytelling practice is planning to raise up to Rs. 97.20 crore from its SME public issue. The company has been approved to launch its public issue on the NSE Emerge Platform of the National Stock Exchange, opening for subscription on January 29 and closing on February 1. The proceeds will fund the company’s expansion plans, meeting working capital requirements, and general corporate purposes.
The company plans to issue 54 lakh equity shares of Rs. 10 face value, priced between Rs. 170-180 per share, and list them on the NSE EMERGE Platform. The company is seeking to raise funds through an IPO, with a minimum lot size of 800 shares and a minimum IPO application amount of Rs. 1.44 lakh. The funds will be used for working capital and corporate purposes.
The company reported revenues of Rs. 76.28 crore for FY22-23 and a net profit of Rs. 7.97 crore. Company’s upcoming movie, web series and animation projects include Captain India, Tigerrr, Ashiana, Bhagat, SUPER V, CHIDIYA UDD, Victims among many others. Harman Baweja, of Baweja Studios Limited, said, “We are thrilled to embark on this exciting journey with our stakeholders and investors. The IPO is a testament to our commitment to pushing creative boundaries and setting new production standards.”