One of the most talked about IPOs of the week is the Baweja Studios IPO. Headed by popular Bollywood actor Harman Baweja, the IPO opened for bidding on Monday.

The IPO price band is set between ₹170 to ₹180 per share. The issue lot size is 800 equity shares, with multiples of 800 equity shares thereafter. The IPO reserves not more than 50% of the shares for qualified institutional buyers (QIBs), at least 15% for non-institutional investors (NIIs), and a minimum of 35% for retail investors. A retail investor will have to make a minimum investment of ₹1.36 lakh.

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The promoters of the company, including Harjaspal Singh Baweja (Harry Baweja), Paramjit Harjaspal Baweja, Harman Baweja, and Rowena Baweja, have been instrumental in shaping the company’s journey since its inception in 2001. The company has made significant contributions to the Hindi and Punjabi film industries, with notable productions such as “Chaar Sahibzaade,” “Love Story 2050,” “Qayamat,” and “Bhaukaal.” Additionally, the company is engaged in trading movie rights.

As per the RHP, Harman’s father, Harry Baweja is looking to offload up to 14 lakh shares of the company. He acquired these 14 lakh shares at a cost of ₹3.28/share, thus the total cost of the acquisition comes at around ₹45.92 lakh. Now, considering the upper band of IPO, the value of these 14 lakh shares would come at around ₹25.20 crore. This translates to a 5,390% return on investment.

The family owns around 99% of the company. Harjaspal and Paramjit both own around 49% stake each in the company currently.

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