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.

Baweja Studios IPO Details

IPO Date January 29, 2024 to February 1, 2024
Listing Date [.]
Face Value ₹10 per share
Price Band ₹170 to ₹180 per share
Lot Size 800 Shares
Total Issue Size 5,400,000 shares
(aggregating up to ₹97.20 Cr)
Fresh Issue 4,000,000 shares
(aggregating up to ₹72.00 Cr)
Offer for Sale 1,400,000 shares of ₹10
(aggregating up to ₹25.20 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding pre issue 14,427,001
Share holding post issue 18,427,001
Market Maker portion 288,000 shares


Baweja Studios IPO Reservation

Investor Category Shares Offered
QIB Shares Offered Not more than 50% of the Net Issue
Retail Shares Offered Not less than 35% of the Net Issue
NII (HNI) Shares Offered Not less than 15% of the Net Issue


Baweja Studios IPO Timeline (Tentative Schedule)

Baweja Studios IPO opens on January 29, 2024, and closes on February 1, 2024.

IPO Open Date Monday, January 29, 2024
IPO Close Date Thursday, February 1, 2024
Basis of Allotment Friday, February 2, 2024
Initiation of Refunds Monday, February 5, 2024
Credit of Shares to Demat Monday, February 5, 2024
Listing Date Tuesday, February 6, 2024
Cut-off time for UPI mandate confirmation 5 PM on February 1, 2024


Baweja Studios IPO Lot Size

Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 800 ₹144,000
Retail (Max) 1 800 ₹144,000
HNI (Min) 2 1,600 ₹288,000


Baweja Studios IPO Promoter Holding

The promoter of the company are Harjaspal Singh Baweja, Paramjit Harjaspal Baweja, Harman Baweja and Rowena Baweja.

Share Holding Pre Issue 99.99%
Share Holding Post Issue


Baweja Studios Limited Financial Information (Restated)

Baweja Studios Limited’s revenue increased by 86.2% and profit after tax (PAT) rose by 188.8% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended 31 Mar 2023 31 Mar 2022 31 Mar 2021
Assets 4,489.98 3,056.03 3,223.67
Revenue 7,628.31 4,096.79 1,954.11
Profit After Tax 796.91 275.94 764.60
Net Worth 1,986.28 724.07 448.13
Reserves and Surplus 543.58 181.07 445.13
Total Borrowing 142.38 266.86 179.60
Amount in ₹ Lakhs


Key Performance Indicator

The market capitalization of Baweja Studios IPO is Rs 331.69 Cr.

KPI Values
ROE 40.12%
ROCE 52.55%
Debt/Equity 0.07
RoNW 40.12%
P/BV 13.07


Objects of the Issue (Baweja Studios IPO Objectives)

The company proposes to utilize the net proceeds from the Offer towards funding the following objects and achieve the benefits of listing on NSE Emerge platform of National Stock Exchange of India Limited:

  1. To meet the working capital requirements;
  2. General corporate purposes