Vision Time India Files DRHP for BSE SME Listing: Fresh Issue of 60 Lakh Shares

Chennai, October 3, 2025: Vision Time India Limited, a South India-focused media and entertainment company, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to launch an initial public offering (IPO) on the BSE SME platform. The IPO will be a 100% fresh issue of up to ₹60 lakh, with fully paid equity shares of face value ₹10 each, and the company’s shares are proposed to be listed on the BSE SME platform.

Arihant Capital Markets Limited has been appointed as the Book Running Lead Manager, while Cameo Corporate Services Limited will act as the registrar. An anchor investor portion may be considered, and the market maker will be finalised closer to the IPO launch. The company has not yet announced the issue price, price band, or subscription dates.

Established in 2002 and converted into a public company in 2024, Vision Time India Limited has emerged as a key player in the South Indian entertainment sector. Its services span media buying and planning for content production, events management, and online marketing. The company has over three decades of experience in domestic television programming, producing long-running serials in Tamil, Telugu, Kannada, and Malayalam. Through its subsidiary, Trendloud Digital India, it also manages digital content, music rights, and OTT distribution.

Vision Time India IPO Financial Performance

Vision Time India Limited has demonstrated a strong three-year financial performance, with steady revenue growth and significant profitability gains. Revenue from operations rose from ₹7,914.87 lakh in FY23 to ₹13,257.90 lakh in FY25, reflecting a consistent upward trajectory. Profit after tax (PAT) surged from ₹37.13 lakh in FY23 to ₹1,200.46 lakh in FY25, while earnings per share (EPS) improved markedly from ₹0.24 to ₹7.90 over the same period, indicating healthier returns for shareholders.

On the balance sheet front, net worth increased from ₹1,606.77 lakh in FY23 to ₹3,505.14 lakh in FY25. Overall borrowings also rose slightly, from ₹2,961.63 lakh in FY23 to ₹3,539.80 lakh in FY25, reflecting incremental leverage to support business expansion. These numbers underscore Vision Time’s rapid growth, improved profitability, and stronger fundamentals ahead of its IPO.

Vision Time India Limited reported an EBITDA of ₹2,070.84 lakh, with a margin of 15.62%. Profit after tax (PAT) margin improved to 9.05%, while return on equity (ROE) strengthened, reflecting the impact of higher profitability on overall shareholder returns.

Vision Time India IPO Objects of the Issue

The IPO proceeds will be utilised for:

• Repayment or prepayment of borrowings: ₹3,764 lakh
• Working capital requirements: ₹750 lakh
• General corporate purposes: balance amount within regulatory limits

The company has identified specific loan facilities for repayment at both the parent and its subsidiary, Trendloud Digital India.

Vision Time India IPO Shareholding and Promoters

• Promoters:

  • Gopalan Vaidehi
  • Subramanian Ramamurthy
  • Ramamurthy Raja
• Pre-issue shareholding:
  • Promoters hold 1.37 crore shares (90.13%)
  • Promoter group holds an additional 6 lakh shares
  • Aggregate promoter and promoter group holding stands at 94.08%

As mandated, a minimum portion of the promoters’ contribution will be locked in for three years.

Vision Time India IPO Lead Manager & Registrar

• Book Running Lead Manager (BRLM): Arihant Capital Markets Limited
• Registrar to the Issue: Cameo Corporate Services Limited

Vision Time India IPO Strengths

• Established industry presence with 30+ years of track record in South Indian TV content
• Diversified media portfolio covering TV, digital, and music rights through subsidiaries like Trendloud and Trend Music
• Strong financial growth with FY25 PAT nearly doubling from FY24
• Experienced promoter team with a deep understanding of regional media markets

Vision Time India IPO Key Risks

• High customer concentration: Top 10 clients contributed 56% of FY25 revenue
• Regional dependency: Business is largely confined to South India
• Leverage risk: Total borrowings stood at ₹3,539.80 lakh in FY25, though the IPO aims to reduce debt
• Working capital intensity inherent in media buying and content production cycles

The IPO is expected to strengthen the company’s balance sheet by lowering debt and funding growth in its content and digital media operations. Listing is proposed on the BSE SME platform.

REF: https://www.bsesme.com/download/384415/SME_IPO InPrinciple/VTDRHP_20250930233011.pdf

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations