Inspire Films Shares Make Debut on NSE SME, Open at 13.5% Premium, Priced at ₹67

Inspire Films Shares Make Debut on NSE SME, Open at 13.5% Premium, Priced at ₹67

VoM News Desk | October 5, 2023 | 11:54 AM IST | Breaking News | Follow on Google News

Inspire Films Shares Make Debut on NSE SME, Open at 13.5% Premium, Priced at ₹67

Inspire Films Shares Make Debut on NSE SME, Open at 13.5% Premium, Priced at ₹67

Impressive Debut for Inspire Films Shares on NSE SME

In a notable debut on NSE SME, Inspire Films shares showcased a commendable performance, listing at ₹67 per share, a significant 13.55% surge over the issue price of ₹59.

Insight into Inspire Films IPO

The Inspire Films IPO was offered at a price band of ₹56 to ₹59 per equity share, each with a face value of ₹10. The lot size for the IPO was set at 2000 equity shares, with multiples of 2000 equity shares thereafter. The subscription window for the Inspire Films IPO opened on September 25 and closed on September 27.

The IPO was comprised solely of a fresh issue of 3,598,000 equity shares, totaling ₹21.23 crore, with no offer for sale (OFS) component. The company’s promoters are Yash Arabinda Patnaik and Beyond Dreams Entertainment Private Limited. The funds raised through the IPO will be allocated towards general corporate expenses, working capital requirements, and covering issue expenses. Maashitla Securities Private Limited acted as the registrant for the Inspire Films IPO, with Narnolia Financial Services Ltd. serving as the book-running lead manager. Share India Securities played the role of the IPO market maker.

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Inspire Films IPO GMP and Potential Listing Price

The grey market premium (GMP) for Inspire Films IPO remained consistently positive at +20 for the past five trading sessions. This signifies that shares of Inspire Films IPO were trading at a premium of ₹20 in the grey market. Taking into account the upper end of the IPO price band and the current GMP, the estimated listing price for Inspire Films shares stands at ₹79 per share, marking a remarkable 33.9% increase over the IPO issue price of ₹59. The GMP reflects investor enthusiasm to pay more than the issue price.

VoM News Desk

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