Inspire Films Ltd Share Price – NSE

Entertainment, Small Cap

Inspire Films will hold a meeting of the Board of Directors of the Company on 11 November 2023.

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The scrip was listed at Rs 67, up 13.56% over the initial public offer (IPO) price. The counter hit a high of Rs 70.35 and a low of Rs 64.20 so far. About 70.35 lakh shares of the company changed hands at the counter.

The initial public offer (IPO) of Inspire Films was subscribed 86 times. The issue opened for bidding on 25 September 2023 and it closed on 27 September 2023. The price band of the IPO was set at Rs 56-59 per share.

The IPO comprised fresh issue of 35,98,000 shares. The company intends to utilize the net proceeds for funding working capital requirements and general corporate purpose.

Ahead of the IPO, Inspire Films on 22 September 2023, raised Rs 6.02 crore from the anchor investors. The board allotted 10,22,000 shares at Rs 59 per share to three anchor investors.

Inspire Films is primarily engaged into the business of creation, production, distribution, and exhibition of television and digital content across broadcasting channels, apps and digital platforms as well as content writing, production and sale, purchase of rights. We are involved in every aspect of the content-making process, from development to distribution. This includes financing the projects, hiring actors and crew members, scouting locations, creating sets, managing the budgets, and overseeing the entire production and post-production process.

The company recorded revenue from operations of Rs 48.83 crore and net profit of Rs 4.04 crore for the period as on 31 March 2023.

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