Baweja Studio’s IPO to Open from Jan 29, 2024


Baweja Studios Limited, a film production house with a 30-year-old legacy, promoted by Harjaspal Singh Baweja (commonly known as Harry Baweja), is behind some major blockbusters from “Dilwale” to the more recent “Bhaukaal”. Along with Paramjeet Baweja and Harman Baweja, the company is one of the key players in the Indian media and entertainment sector with a proven track record of producing high quality content.

The company has produced major hits such as, Dilwale, Diljale, Qayamat, India’s most successful animated film, Chaar Sahibzaade, Honeymoon one of the longest running theatrical Punjabi films and popular series like Bhaukaal(1&2), the widely watched kids animated show, Super V inspired by Virat Kohli and more. The Company has various verticals, Web Series, TV Series, Regional Films, Animation and others.

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The company has very exciting projects lined up like “Captain India” starring the charismatic Kartik Aryan, “Mrs.” starring Sanya Malhotra, and many more untitled ventures that star many big names like Tiger Shroff, Prithviraj Sukumaran, Arshad Warsi & more.

Key clients for the company are the biggest production houses like Jio Studio, Zee Studios, T-Series & OTT platforms like Netflix, Hotstar & many more.

Baweja Studios Limited’s Initial Public Offering to Open on Monday, January 29, 2024, Sets Price Band at 170 to 180 per Equity Share

Baweja Studios Limited’s (the “Company”) proposes to open its initial public offering of upto 54,00,000 Equity Shares (“Offer”) on Monday, January 29, 2024. Bid/ Offer Closing Date will be Thursday, February 1, 2024. The Anchor Investor Bidding Date is one Working Day prior to the Bid/Offer Opening Date, that is, Thursday, January 25, 2024.

The Price Band of the Offer has been fixed from 170 per Equity Share to 180 per Equity Share. Bids can be made for a minimum lot size of 800 Equity Shares and multiples lot size of 800 Equity Shares thereafter.

The Company’s initial public offering comprises of fresh issuance of Equity Shares upto 40,00,000 and an offer for sale of up to 14,00,000 Equity Shares by Harjaspal Singh Baweja (Harry Baweja).

DISCLAIMER: BAWEJA STUDIOS is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its Equity Shares and has filed a draft red herring prospectus dated June 22, 2023,(“DRHP”) with the Emerge Platform of the National Stock Exchange of India Limited and the red herring prospectus dated January 15,2024 (“RHP”) with the Registrar of Companies, Maharashtra at Mumbai, read with along with price band advertisement which published in the newspaper dated January 18, 2024. The RHP shall be made available on the website of the National Stock Exchange of India Limited at www.nseindia.com as well as on the website of the BRLM i.e., Fedex Securities Private Limited at www.fedsec.in and the website of SEBI at www.sebi.gov.in and on the Company website at www.bawejastudios.com/. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risks, see “Risk Factors” beginning on page of the RHP. Potential investors should not rely on the DRHP for any investment decision.

The Equity Shares have not been and will not be registered, listed or otherwise qualified in any jurisdiction outside India and may not be offered or sold. Bids may not be made by persons in any such jurisdiction except in compliance with the applicable laws of such jurisdiction.

LISTING:The Equity Shares, once offered through the Red Herring Prospectus are proposed to be listed on the Emerge Platform of the National Stock Exchange of India Limited. Our Company has received ‘in-principle’ approvals from NSE for the listing of the Equity Shares pursuant to their letters dated November 17, 2023. A copy of the Red Herring Prospectus was filed, and the Prospectus shall be filed, with the RoC in accordance with Sections 26(4) and 32 of the Companies Act, 2013. For details of the material contracts and documents available for inspection from the date of the Red Herring Prospectus up to the Bid/ Offer Closing Date, see “Material Contracts and Documents for Inspection” on page 329 of the RHP.

DISCLAIMER CLAUSE OF SEBI: The investors are advised to refer to pages 251 of the RHP for the full text of the disclaimer clause of SEBI.

DISCLAIMER CLAUSE OF THE EMERGE PLATFORM OF NSE:

“As required, a copy of this Offer Document has been submitted to National Stock Exchange of India Limited (hereinafter referred to as NSE). NSE has given vide its letter Ref.: NSE/LIST/2487 dated November 17, 2023, permission to the Issuer to use the Exchange’s name in this Offer Document as one of the Stock Exchanges on which this Issuer’s securities are proposed to be listed. The Exchange has scrutinized this Draft Offer Document for its limited internal purpose of deciding on the matter of granting the aforesaid permission to this Issuer. It is to be distinctly understood that the aforesaid permission given by NSE should not in any way be deemed or construed that the offer document has been cleared or approved by NSE; nor does it in any manner warrant, certify or endorse the correctness or completeness of any of the contents of this offer document; nor does it warrant that this Issuer’s securities will be listed or will continue to be listed on the Exchange; nor does it take any responsibility for the financial or other soundness of this Issuer, its promoters, its management or any scheme or project of this Issuer.

Every person who desires to apply for or otherwise acquire any securities of this Issuer may do so pursuant to independent inquiry, investigation and analysis and shall not have any claim against the Exchange whatsoever by reason of any loss which may be suffered by such person consequent to or in connection with such subscription /acquisition whether by reason of anything stated or omitted to be stated herein or any other reason whatsoever.”

For more information, please contact:

info@bawejastudios.com

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