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Inspire Films to Hit the Street with a 21.20 Cr IPO

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Issue opens on the 25th of September to be listed on NSE Emerge

 

New Delhi, Delhi, India

Inspire Films Limited, a prominent Indian media production company, is set to launch an IPO comprising 35,98,000 shares at a price of Rs. 59 per share, with a face value of Rs. 10 each, amounting to a total of Rs. 21.22 crores. The minimum investment lot comprises 2,000 shares. The allocation of shares includes 10,24,000 shares for anchor investors, 6,82,000 shares for Qualified Institutional Buyers (QIBs), 5,14,000 shares for High-Net-Worth Individuals (HNIs), 11,98,000 shares for retail investors, and 1,80,000 shares for market makers. The anchor allocation is scheduled for September 22nd, with the IPO subscription window open from September 25th to 27th. Following the IPO, the company’s shares will be listed on the NSE Emerge platform on 9th of October 2023. Narnolia Financial Services Limited acts as the book running lead manager, while Maashitla Securities Private Limited serves as the registrar.

L to R: Tarun Tiwari – CFO Narnolia, Vipin Aggarwal – Director Narnolia, Yash A Patnaik – Director Inspire Films, Pankaj Pasi – Director Narnolia, Kameswar Das Subudhi – CFO Inspire Flims​
The IPO proceeds are aimed at achieving three critical objectives. Firstly, it intends to cater to the company’s working capital requirements, ensuring operational stability. Secondly, the funds raised will be directed toward general corporate purposes, facilitating strategic growth and development. Lastly, a portion of the proceeds will be allocated to cover the expenses related to the offering, ensuring a seamless and cost-effective process.
Inspire Films Limited is a prominent player in content creation and distribution, specializing in television and digital content across diverse broadcasting channels, digital platforms, and applications. The company’s comprehensive approach spans project financing, talent acquisition, location scouting, set design, budget management, and meticulous oversight of both production and post-production processes.
Inspire Films envisions a world where exceptional creative talents converge to craft timeless characters and unforgettable narratives. Their ultimate mission is to lead the industry in effectively conveying ideas through captivating content, transforming intricate concepts into clear and compelling stories that engage and inspire global audiences.

Operating on a B2B model, Inspire Films excels across three key business verticals. Firstly, it is deeply entrenched in television, creating content for esteemed linear broadcast channels such as Star Plus, Zee TV, Colors TV, Sony, and others, with a primary focus on the Hindi General Entertainment Channels (GEC) segment. Moreover, Inspire Films has earned a solid foothold in the digital content domain, collaborating with major Over-The-Top (OTT) platforms like Amazon Mini, Disney+ Hotstar, SonyLiv, MX Player, and Jio Cinema, delivering captivating content to digital audiences. Expanding their horizons further, Inspire leverages its content creation expertise to cater to regional languages, encompassing Tamil, Telugu, Marathi, Odia, and more. This diversified approach allows them to engage a wide spectrum of audiences, delivering quality content tailored to their preferences.

With a robust portfolio, Inspire Films has spearheaded numerous successful projects, including “Dear Ishq” for Disney+ Hotstar, “Tu Zakhm Hai” for MX Player, and a plethora of acclaimed shows like “Ek Veer Ki Ardaas Veera,” “Sadda Haq,” “Ishq Main Marjawan,” “Tere Ishq Main Ghaayal,” among others. Their commitment to delivering excellence in content creation firmly establishes their position as a noteworthy player in the ever-evolving world of entertainment.

On the financial front, the company has shown spectacular growth. Its revenue from operations for FY23 stood at Rs. 4,883.16 lakhs, a significant increase from Rs. 3,814.77 lakhs for FY22 and Rs. 1,938.39 lakhs for FY21. EBITDA for FY23 reached Rs. 713.58 lakhs, compared to Rs. 132.60 lakhs for FY22 and Rs. 52.45 lakhs for FY21. Profit After Tax (PAT) for FY23 was an impressive Rs. 404.82 lakhs, contrasting with FY22’s Rs. 25.92 lakhs.

Beyond Dreams Entertainment Private Limited and Mr. Yash A Patnaik are the esteemed promoters of the company, reflecting their pivotal role in driving its continued success and growth trajectory.

Give Your Medical & Engineering Dreams the Right Start with UNSAT 2023

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Bangalore, Karnataka, India

Unacademy, India’s largest learning platform* announced the third edition of the Unacademy National Scholarship Admission Test (UNSAT), its biggest scholarship test supporting the growing aspirations of IIT JEE and NEET UG Learners. UNSAT is a gateway to a world of exceptional education, top-tier Educators, and the chance to compete alongside some of India’s brightest minds.

In a competitive landscape where dreams of excelling in NEET UG and IIT JEE exams are paramount, UNSAT emerges as a beacon of hope. Learners who crack UNSAT significantly enhance their prospects of success in these prestigious examinations. They gain access to a world-class learning experience and the expertise of the finest Educators, propelling them closer to their goals.

But UNSAT doesn’t stop there. It opens doors to an Exclusive Rankers’ Group, offering learners a unique opportunity to elevate their chances of securing a top-100 rank in coveted examinations. With UNSAT, the journey to academic excellence becomes an exciting reality, promising a brighter future for the scholars of tomorrow.

Key Features of UNSAT 2023:

  • Exam Dates: 1st, 8th, and 15th October (Two Slots: 1 – 2 PM & 6 – 7 PM)
  • Exam Mode: Online & Offline
  • Eligibility Criteria: Class 9 to 12, 12th passout IIT & NEET Aspirants
  • Exam Fee: Online – Free, Offline – Rs. 100
  • Result Declaration: 2nd November 2023

About UNSAT

We are pleased to share that UNSAT, Unacademy National Scholarship Admission Test, is here again with an opportunity to help your students secure their academic future. In previous formats, over 10 lakh students have taken Unacademy Scholarship Tests.Over the last one year, Unacademy has also extended its presence as Unacademy Centres in 40+ cities in India. We are India’s largest learning platform* and aim to help your students assess their full potential. UNSAT is one of our many initiatives towards democratizing access to high-quality learning. This year, UNSAT will be conducted from October 1 – 15, 2023.

Benefits to learners

  • Chance to get up to 90%** scholarship at Unacademy Centres
  • Total Scholarships worth Rs. 150 Crores**
  • Education Sponsorship* for Top Rankers (up to Rs. 2 Lakhs each)
  • Exclusive access to Special Rankers’ Group to improve their chances of ranking within the top 100 in coveted examinations
  • Mentorship by India’s Top Educators
  • An opportunity to compete with some of the brightest minds in India
  • Cash rewards
  • 2 months of UNSAT preparatory course subscription for all registered Learners

About Unacademy

Unacademy was founded by Gaurav Munjal, Hemesh Singh, and Roman Saini in 2015. Started as a YouTube channel by Gaurav Munjal in 2010, Unacademy is India’s largest learning platform with a growing network of 91,000+ registered Educators and over 99 million Learners. With education being imparted in over 14 Indian languages to Learners across 10,000 cities, Unacademy is changing the way India learns. Unacademy Group comprises of Unacademy, Graphy, UnacademyX, NextLevel, and Prepladder.

For further information, please contact:

For more details on scholarship and UNSAT 2023 enrolment, please visit unsat.unacademy.com/.

For general queries: press@unacademy.com

*Source: The Indian Edtech Story: Q1 2022 Round-Up by Markelytics

Saya Group All Set To Dazzle The NCR’s Realty Sector: To Hold Property Carnival With Enticing Offers

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Greater Noida, India

Saya, a prominent name in the Indian real estate sector, is coming up with “Property Carnival” from 22nd to 24th September 2023. It will be held at the Saya South X project site in Greater Noida West. The event will create an immersive ambience while offering the attendees a unique opportunity to explore Saya Group’s remarkable project and benefit from exclusive offers

This Property Carnival is an exceptional opportunity for prospective buyers to witness first-hand the excellence and innovation Saya Group brings to the Indian real estate market. With a rich history of success and a commitment to excellence, Saya Group continues to set new benchmarks in the industry. We assure you that our exciting offers at Saya South X will lead to a long-term association with our company,” says Vikas Bhasin, CMD of

Saya Group.

Saya Group is in the limelight with its landmark project, Saya Status, which is poised to become North India’s tallest mall. Spanning an impressive 1.4 million square feet and soaring over nine floors, Saya Status is strategically situated adjacent to the Noida-Greater Noida Expressway in Sector 129 of Noida. With construction proceeding at an impressive pace, the mall is slated to open its doors to the public in January 2025. In addition to Saya Status, the Saya Group boasts a promising project lineup, including Saya Piazza in Jaypee Wish Town and Saya South X in Greater Noida West. These projects are poised to redefine the retail experience in the National Capital Region (NCR), offering a diverse range of luxury brands amid tastefully landscaped surroundings.

Saya Group’s proven track record of delivering projects ahead of schedule is a testament to its financial stability and unwavering commitment to punctual delivery. Saya has consistently provided high-quality constructions, prime locations, and timely project completions, earning an outstanding reputation in the real estate industry.

The company’s impressive portfolio encompasses more than 5.7 million square feet of space, offering comfortable and luxurious living for over three thousand families. Saya’s dedication to quality is evident in its completed residential projects, including Saya Gold Avenue, Desire Residency, and Saya Zenith. These projects embody the essence of modern living and reflect the company’s core values of surpassing customer expectations

Deerika Hypermart Celebrate Ganesh Chaturthi With Grand Festivities at Mall 51

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Gurugram, Haryana, India

Deerika Hypermart and Mall 51, located in Sector 51, Gurugram, today announced the commencement of Ganesh Chaturthi celebrations, marking the auspicious Shubh Aarambh of Ganpati Sthapana. The festivities have continued starting September 19, until September 28th, allowing all customers and fellow residents to immerse themselves in the divine spirit of the festival

Ganesh Chaturthi Festivities at Deerika Hypermart, Gurugram

At the heart of the celebrations is the magnificent 20ft tall pandal, one of the tallest in Gurugram, specially crafted to welcome Lord Ganesha and mark new beginnings. The Mall 51 family extends a warm invitation to everyone to be a part of the Ganpati Mahotsav and seek the divine blessings of Bappa during this joyous occasion.

As part of the celebration, shoppers can avail of incredible deals and discounts, ensuring a delightful shopping experience. It’s the perfect time to shop big and save more.

The Deerika App will provide customers with maximum cashback through exclusive online deals, all conveniently accessible at their fingertips. Currently serving in Gurugram, Deerika is excited to offer an aggressive promotion this month: “Shop for Rs 499 and get Rs 100 Cashback in your Deerika wallet“, valid for the first order and, for new users. In addition, Deerika Plus members enjoy an exclusive 5% discount on top of existing offers, adding to the savings. Customers can now choose their preferred delivery time for added convenience.

Speaking on the occasion, Akash Anand, Managing Director, Deerika Hypermart, commented, “We are overjoyed to celebrate the auspicious occasion of Ganesh Chaturthi at Mall 51. Our grand pandal is a symbol of our reverence for Lord Ganesha and the blessings he brings for new beginnings. We invite all our esteemed customers and fellow residents to join us in this divine celebration and seek the blessings of Ganpati Bappa. As you immerse yourself in the festive spirit, avail amazing deals and discounts-our way of making this festival even more special. Come, be a part of the Ganpati Mahotsav, shop big, save more, and let the blessings of Lord Ganesha illuminate our lives.”

 

 

Sarveshaa SB, MD, BHADRA Group Receives ‘Top CEO Award’ at ‘Global Investors Growth Summit’ in Bengaluru

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Bengaluru, Karnataka, India

A fully integrated real estate company, BHADRA Group, announced that its Managing Director, Sarveshaa SB, has been recognised with the “Top CEO Award” at the ‘Global Investors Growth Summit’ organised by ‘Global CEO Association’ and held in Bengaluru recently. This recognition is a testament to BHADRA Group’s commitment to innovation, quality, and excellence in the real estate sector.

Mr. Sarveshaa SB, MD, BHADRA Group receiving the “Top CEO Award” at the ‘Global Investors Growth Summit’ held in Bengaluru recently

Speaking on the occasion, Sarveshaa SB, Managing Director, BHADRA Group, said, “We are deeply honoured and humbled to be recognised as one of Karnataka’s foremost CEOs. This exemplifies BHADRA Group’s unwavering dedication to innovation, quality, and excellence in the real estate industry. This honour recognises our team’s unrelenting pursuit of creating superior living spaces. Our commitment towards providing immense value to our customers gets further strengthened. With innovation and excellence as our guiding principles, we remain committed to our mission of providing unrivalled living spaces.”

Today, BHADRA Group stands out as one of the leading pioneers in the real estate and construction industries in Bengaluru because of its streamlined, process-driven operations that set the standard for excellence in the field. Since its inception, the company has been steadfast in its dedication to providing homebuyers with opulent living spaces that are known for their cutting-edge design, excellent construction quality, and timely delivery.

Being honoured at the ‘Global Investors Growth Summit, Bengaluru’ is more than a celebration of individual achievements; it functions as a platform for nurturing collaboration and dialogue that propels the development of Karnataka as an industrial hub. BHADRA Group’s acknowledgment at this esteemed ceremony solidifies its standing as a forerunner in Bengaluru’s real estate and construction sectors.

JM Financial Home Loans Opens Branch in Bhopal, Achieves 100th Branch Milestone in India

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Mumbai, Maharashtra, India

JM Financial Home Loans Limited (JMFHLL/the Company) today announced the launch of its branch in Bhopal, Madhya Pradesh. With the launch of this branch, JMFHLL has now expanded its network to 100 branches across 9 states in the country, spanning over western, southern and central India. This expansion aligns with the Company’s focus on providing quick, hassle-free, and competitively priced affordable home loans to potential homebuyers.

The new branch was inaugurated by Mr. Manish Sheth, MD & CEO of the Company. The inauguration ceremony was also graced by senior officials of JMFHLL.

The inauguration of the Bhopal branch reflects JMFHLL’s sustained focus on the affordable housing segment. JMFHLL inter-alia offers an extensive range of products including home loans; loan against property; loans for home construction, home improvement and home extension. The team at the new branch will focus on understanding the unique needs of customers in that region and providing them with tailored made solutions for their home financing requirements. With their knowledge and expertise, the Company team will be able to guide home buyers through the loan application process, ensuring a hassle-free experience and timely approval of loans.

JMFHLL now has 8 branches in Madhya Pradesh. In six years of operations, JMFHLL has built its network at a steady pace, banking on its diverse home loan offerings.

The Company is working towards growing its loan book by banking on its transparent and quick home loan disbursement process, hassle-free and easy documentation and efficient customer service.

As a special inaugural offer and to commemorate 50 years of JM Financial Group, JMFHLL is offering a substantially reduced processing fees to all home loans aspirants. Also, the Company has recently launched Aashiyana product to cater the needs of truly affordable Low Income Group (LIG) and Economically Weaker Section (EWS)customers. ROI of the Aashiyana product starts from 9.99%, one of the best ROI in the industry.

Speaking on the announcement Mr. Manish Sheth, MD & CEO, JM Financial Home Loans said, “With the launch of Bhopal branch, we are proud to reach a great milestone of opening 100 branches in the country. The journey so far has been extremely fulfilling. The real estate market in the country is witnessing growth in demand in the affordable housing space. This is an important milestone in our quest to expand our footprint in the Central India and showcases our dedication and commitment to empower the home buyers realise their dreams of owning a house. Affordable housing is an under-penetrated and under-served market in India. Our expansion aims to facilitate hassle-free credit delivery to home buyers and support the Government’s ‘housing for all’ initiative.”

The new branch is located at E-2/20, Kartar Tower, 1st Floor, Arera Colony nearby Rani Kamalapati Railway Station, Bhopal, Madhya Pradesh – 462 016.

About JM Financial Home Loans Limited

JM Financial Home Loans Limited (JMFHLL), an integral part of the JM Financial Group is a Housing Finance Company registered with the National Housing Bank. JMFHLL has embarked on JM Financial Group’s strategy to expand into retail mortgages business. JMFHLL received the registration in November 2017 and is focusing on (i) affordable housing finance and (ii) smaller ticket loan against property. As on June 30, 2023, JMFHLL has expanded to 93 branches across the states of Maharashtra, Gujarat, Rajasthan, Tamil Nadu, Telangana, Karnataka, Andhra Pradesh, Chhattisgarh and Madhya Pradesh with a loan book of Rs. 1,450 crore and AUM of Rs. 1,576 crore. It has an employee base of 943, an average ticket size of Rs. 11 lakhs and loan to value of 57% as on June, 2023. JMFHLL’s long term debt is rated AA (Stable Outlook) by CRISIL Limited and ICRA Limited.

For more information on JM Financial Home Loans, please visit its website www.jmflhomeloans.com.

About JM Financial Group

JM Financial Group is an integrated and diversified financial services group. The Group’s primary businesses include (i) Investment Bank (IB) which caters to Institutional, Corporate, Government and Ultra High Networth clients and includes investment banking, institutional equities and research, private equity funds, fixed income, private wealth management, PMS, syndication and finance; (ii) Mortgage Lending includes both wholesale mortgage lending and retail mortgage lending (affordable home loans and secured MSME); (iii) Alternative and Distressed Credit includes the asset reconstruction business and alternative credit funds; and (iv) Asset management, Wealth management and Securities business (Platform AWS) shall provide an integrated investment platform to individual clients and includes elite and retail wealth management business, broking and mutual fund business.
As of June 30, 2023, the consolidated loan book stood at ~Rs. 158.9 BN, distressed credit business AUM at ~Rs. 151.1 BN, wealth management AUM at ~Rs. 848.3 BN, mutual fund AAUM at ~Rs. 31.5 BN.

As on June 30, 2023, the Group is headquartered in Mumbai and has a presence across 768 locations spread across 213 cities in India. The equity shares of JM Financial Limited are listed in India on the BSE and NSE.

For more information on JM Financial Limited, log on to www.jmfl.com.

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