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Baweja Studios IPO
Price Band
₹170.0–180.0
Issue Size
₹97.2 Cr
Lot Size
800 shares
Min Investment
₹144,000
GMP
+₹2.0 (1.11%)
Issue Price
₹180.0
Subject to Sauda
₹1200
Paid only if allotted
Baweja Studios IPO AI Summary
- Baweja Studios IPO is listed on NSE SME in the Film Production, Distribution & Exhibition sector.
- Price band: ₹170.0–₹180.0 per share, lot size 800 shares (min. investment ₹144,000).
- Subscription window: 29 Jan–01 Feb 2024, listing on 06 Feb 2024.
- Current GMP is +₹2.0 (1.11%), an estimated listing price of ₹182 — unofficial and can change daily.
Baweja Studios Limited is a film production company with a diverse portfolio and a focus on technology-driven storytelling. With an IPO price of ₹180, the company aims to raise funds for working capital and general corporate purposes. Investors should assess their risk tolerance and consider the company's growth potential before participating.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Baweja Studios IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 01 Feb 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Baweja Studios IPO Grey Market Premium (GMP) Today
GMP
+₹2.0
GMP %
+1.11%
Est. Listing
₹182.0
Updated: 25 Jul 2026 14:07
About the Company
Incorporated in March 16, 2001, Baweja Studios Limited is a production company, producing Hindi and Panjabi films such as Chaar Sahibzaade, Love Story 2050, Qayamat and Bhaukaal. Also, the Company is in the business of trading movie rights. They purchase rights from producers and sell them to exhibitors and streaming platforms. By June 2023, the company ;has completed 22 projects, with 6 films in production and 7 in pre-production. Baweja Studios is a content production house that focuses on creating technology-based commercial films. The goal of the company is to push the boundaries of storytelling and incorporate technological advancements in its field. As part of their business process, they research and develop scripts, produce content end-to-end, create intellectual property, and monetize rights. The company has diversified into various areas including digital films, web series, animation films, Punjabi films, advertisement films, and music videos. As of June 22, 2023, the company employs a total of 16 full-time staff across various departments. The competitive strength of the company are :- The Promoter, Mr. Harman Baweja, has played a significant role in the growth and development of our business with his 22 years of experience in the media and entertainment industry. The Directors and other Key Managerial Personnel lead day-to-day activities, ensuring a lean and hands-on organization. Long-standing relationships in the industry Diverse and growing Content Library The business model that relies on technology involves utilizing a company's ability to form a skilled team for producing innovative films, effective marketing, expert management to identify potential scripts, acquiring new OTT platforms and online digital partners and customers, budgeting for film production, and achieving economies of scale.
Company Financials (₹ Cr)
As of 2023-03-31
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 42.03 | 44.90 | 30.56 | 32.24 |
| Total Income | 38.90 | 76.28 | 40.97 | 19.54 |
| Profit After Tax | 4.35 | 7.97 | 2.76 | 7.65 |
| NET Worth | 24.22 | 19.86 | 7.24 | 4.48 |
| Reserves and Surplus | 9.79 | 5.44 | 1.81 | 4.45 |
| Total Borrowing | 8.11 | 1.42 | 2.67 | 1.80 |
Key Ratios
EPS
₹5.52
NAV
₹19.51
ROE
40.12%
ROCE
52.55%
RoNW
40.12%
P/B Value
13.07
P/E Ratio
32.59
Market Cap
₹331.69 Cr
PAT Margin
10.80%
Debt/Equity
0.07
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Vels Film International Limited | 41.81 | 3.39% | 66.43 | 1.5 | 1.5 |
| Mukta Arts Ltd. | 90.19 | 90.99% | 11.24 | 8.33 | 8.33 |
| Zee Entertainment Enterprises Ltd. | 111.63 | 0.45% | 500.1 | 0.5 | 0.5 |
| Eros International Media Ltd. | 107.16 | -11.34% | -2.31 | -12.48 | -12.48 |
| Shemaroo Entertainment Ltd | 216.11 | 1.59% | 48.3 | 3.45 | 3.45 |
| Baweja Studios Limited This IPO | 13.77 | 40.12% | 32.59 | 5.52 | 5.52 |
Promoters
Harjaspal Singh Baweja, Paramjit Harjaspal Baweja, Harman Baweja and Rowena Baweja
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 To meet the working capital requirements 54.10 2 General corporate purposes 10.70
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹19.54 Cr in the year ended 31 Mar 2021, rising to ₹40.97 Cr by 31 Mar 2022, and further increasing to ₹76.28 Cr by 31 Mar 2023. However, total income decreased to ₹38.90 Cr by 30 Sep 2023, though this is a 6-month figure and not directly comparable to the full fiscal years.
Profit Trend
Profit after tax was ₹7.65 Cr in the year ended 31 Mar 2021, increasing to ₹2.76 Cr by 31 Mar 2022, and then rising to ₹7.97 Cr by 31 Mar 2023. The profit decreased to ₹4.35 Cr by 30 Sep 2023, though this is a 6-month figure and not directly comparable to the full fiscal years.
Valuation
At the issue price of ₹180, Baweja Studios has an implied P/E ratio of 32.59 based on its earnings per share of ₹5.52. This is compared to peers trading at P/E ratios ranging from 11.24 to 500.1.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected premium at which the IPO might list compared to its issue price. A positive GMP suggests that investors expect the stock to perform well on its listing day, while a negative GMP indicates the opposite. However, GMP is not a guarantee of future performance.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their risk appetite and investment goals. It's important to consider the company's growth potential and market conditions.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable and established companies may want to avoid this IPO, as the film production industry can be volatile and subject to changing consumer preferences.
IPO Timeline, Explained
The IPO opens for subscription on January 29, 2024, and closes on February 1, 2024. Allotment of shares will be done on February 2, 2024, and the shares are expected to be listed on February 6, 2024.
Listing Gains — The Risk
Listing gains can be unpredictable and depend on various factors, including market sentiment, demand for the stock, and overall market conditions. Investors should be aware that while some IPOs may list at a premium, others may not perform as expected.
This evaluation is generated from Baweja Studios's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Baweja Studios IPO GMP today?
Baweja Studios IPO GMP today is +₹2.0 (1.11%), indicating an estimated listing price of ₹182. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Baweja Studios IPO?
The price band of Baweja Studios IPO is ₹170.0–₹180.0 per share.
When does Baweja Studios IPO open and close?
Baweja Studios IPO opens on 29 January 2024 and closes on 01 February 2024.
When does Baweja Studios IPO list on the stock exchange?
Baweja Studios IPO listed on 06 February 2024 at ₹182.0.
What is the lot size for Baweja Studios IPO?
The lot size for Baweja Studios IPO is 800 shares, requiring a minimum investment of ₹144,000.
What is the price band for the Baweja Studios IPO?
The price band for the Baweja Studios IPO is ₹170 to ₹180.
What is the minimum investment required?
The minimum investment required is ₹144,000, which corresponds to a lot size of 800 shares.
When is the listing date for the IPO?
The listing date for the IPO is February 6, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium at which the IPO might list compared to its issue price.
What is the allotment date for the IPO?
The allotment date for the IPO is February 2, 2024.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
29 Jan 2024
Close
01 Feb 2024
Allotment
02 Feb 2024
Listing
06 Feb 2024
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