Moving Media Entertainment
Book Building issueSMENSE₹43.40 Cr issue
+1.43%
Listing gain over issue price
Issue size
₹43.40 Cr
1 lot at cut-off
₹1,40,000
Lot size
2,000shares
Open
26 Jun 2025
Close
30 Jun 2025
Allotment
01 Jul 2025
Listing
03 Jul 2025
Listing performance
Issue price
₹70
Listed at
₹71
Listing-day close
₹74.55
Latest price
₹24.25
Close on 22 Oct 2026
Listing gain
+1.43%
Return since issue
-65.36%
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 26 Jun 2025 – 30 Jun 2025
- Listing date
- 03 Jul 2025
- Face value
- ₹10 per share
- Issue price
- ₹70 per share
- Lot size
- 2,000 shares
- Issue type
- Book Building issue
- Listing at
- NSE
- Total issue size
- ₹43.40 Cr
- Market cap at offer price
- ₹132 Cr
- Promoter holding
- 85.58% → 57.36% pre-issue → post-issue
- ISIN
- INE0XM301010
- Registrar
- Maashitla Securities Pvt.Ltd.
- Lead managers
- Gretex Corporate Services Ltd.
- Registered office
- B 39/155, Siddha CHS, Opp.Ozone, Swimming Pool, Siddharth Nagar, Goregaon (West), Maharashtra
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 14,10,000 | — | — |
| Market maker | 14,98,000 | — | — |
Application size
Minimum 2,000 shares per lot, in multiples, at ₹70
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2,000 | ₹1,40,000 |
| S-HNI (min) | 2 | 4,000 | ₹2,80,000 |
| S-HNI (max) | 7 | 14,000 | ₹9,80,000 |
| B-HNI (min) | 8 | 16,000 | ₹11,20,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Shares allocated
14,10,000
Anchor portion
₹9.87 Cr
at ₹70 per share
Valuation and performance
Valuation at offer price
₹70 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 8.25 | 5.53 |
| P/E (×) | 8.48 | 12.66 |
| Price to book (×) | 2.24 | — |
| Market cap | — | ₹132 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 26.35%
- ROCE
- 18.49%
- Debt / equity
- 1.05
- PAT margin
- 28.05%
- EBITDA margin
- 77.15%
- NAV per share
- ₹31.29
- Price to book
- 2.24
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Moving Media Entertainment
Moving Media Entertainment Limited was incorporated on May 19, 2022, as a Private Limited Company and converted to a Public Limited Company on July 24, 2024. The company acquired the running business of M/s Moving Media, a sole proprietorship concern of promoter Mr. Kuuldeep Beshawar Nath Bhargava, via Business Transfer Agreement dated August 05, 2024, effective from April 01, 2024. The company operates from its registered office in Mumbai, Maharashtra and generates revenue by providing camera, camera lenses, filters, grips, gimbals, monitors, sound equipment and other peripherals on a package rental basis to small, medium and large corporate entities engaged in the entertainment industry. The company offers tailor-made packaged rental schemes based on client requirements.
Company Analysis
from RHPMoving Media Entertainment Limited is a camera and lens equipment rental company providing end-to-end package rental services for production houses in the media and entertainment industry across India.
Moving Media Entertainment Limited was incorporated on May 19, 2022, as a Private Limited Company and converted to a Public Limited Company on July 24, 2024. The company acquired the running business of M/s Moving Media, a sole proprietorship concern of promoter Mr. Kuuldeep Beshawar Nath Bhargava, via Business Transfer Agreement dated August 05, 2024, effective from April 01, 2024. The company operates from its registered office in Mumbai, Maharashtra and generates revenue by providing camera, camera lenses, filters, grips, gimbals, monitors, sound equipment and other peripherals on a package rental basis to small, medium and large corporate entities engaged in the entertainment industry. The company offers tailor-made packaged rental schemes based on client requirements.
Media and EntertainmentMotion Picture ProductionTelevision ProductionEvent ProductionSports BroadcastingNews Production
Objects of the Issue
- Investment in Advanced Camera Solutions ₹ 2,500.00 Lakhs p.27
- Repayment/Pre-payment of Certain Debt Facilities ₹ 900.00 Lakhs p.27
- General Corporate Purposes p.27
- Investment in Advanced Camera Solutions ₹2,500.00 lakhs p.89
- Repayment/Pre-payment of Certain Debt Facilities ₹900.00 lakhs p.94
- General Corporate Purposes [●] p.95
Issue Structure
- Total Issue
- Upto ₹ [●] Lakhs
- Fresh Issue
- Upto 62,00,000 Equity Shares of Face Value of ₹ 10.00 each amounting up to ₹ [●] Lakhs
- Offer for Sale
- Nil
- Price Band
- ₹ 66.00 to ₹ 70.00
- Lot Size
- 2,000 Equity Shares and in multiples of 2,000 thereafter
- Face Value
- ₹ 10.00 each
Business Model
The company earns revenue by providing cameras, lenses, filters, grips, gimbals, monitors, sound equipment and other peripherals on a package rental basis to production houses in the media and entertainment industry. Payments are typically received upon completion of projects, with average rental tenure ranging between 20-26 days.
Business Segments
Provides cameras, camera lenses, filters, grips, gimbals, monitors, sound equipment and other peripherals on a package rental basis to the media and entertainment industry
Provision of professional camera bodies, lenses, filters, grips, gimbals, monitors, sound equipment and other peripheral lighting equipment on rental basis to corporate clients in media, entertainment, advertising, and digital content creation sectors
Provides rental packages of cameras, lenses, lighting equipment, filters, audio gear, gimbals, monitors and accessories to production houses, filmmakers, photographers, and media companies
Provides diverse pool of technical professionals including camera operators, lighting technicians, sound engineers, post-production specialists, and broadcast technicians
Offers extensive inventory of broadcast equipment including high-definition and 4K broadcast cameras, video switchers and routers, and professional audio equipment
Provides end-to-end camera and lens equipment on a rental and returnable basis for the media and entertainment industry
Rental of cameras, camera lenses, filters, grips, gimbal, monitors, sound equipment and other peripherals like lighting setup on rental basis mainly to small, medium and large corporate engaged in the entertainment industry, with tailor-made rental schemes
SWOT Analysis
Strengths
- • Established in growing media and entertainment sector with recurring revenue from rental model(p.26)
- • Strong promoter backing and established business history(p.2)
- • Comprehensive equipment portfolio meeting diverse client needs(p.26)
- • Fire and earthquake insurance coverage for equipment protection(p.36)
- • Highly competitive industry with low entry barriers exposes company to price competition(p.46)
- • Revenue growth trajectory across three years(p.100)
- • Strong profitability with improving margins(p.100)
- • Expansion in client base and project portfolio(p.100)
- • High Equipment Ownership enables quality control and competitive pricing(p.135)
- • Comprehensive and up-to-date inventory of latest cameras and equipment from top brands(p.135)
- • Strong vendor network across states for sourcing additional equipment(p.135)
- • Access to premium imported equipment through authenticated domestic suppliers(p.135)
- • Expert technical support team ensures client confidence and satisfaction(p.136)
- • High customer retention with strong long-term relationships(p.136)
- • Efficient logistics team for rapid response to equipment issues(p.135)
- • Flexible customized rental packages tailored to diverse client needs(p.135)
- • Experienced leadership with decade-long industry expertise(p.158)
- • Founder with proven business model and operational expertise(p.158)
- • Second-generation leadership with 5+ years media industry experience(p.158)
- • Strong revenue growth trajectory(p.190)
- • Established governance structure with independent directors(p.163)
- • Comprehensive equipment inventory with high ownership levels(p.237)
- • Strong network with state vendors for equipment sourcing(p.237)
- • Access to premium imported equipment(p.237)
- • Responsive logistics for inventory management(p.237)
- • End-to-end service model from concept to commissioning(p.236)
- • Strong customer retention and relationships(p.237)
Weaknesses
- • Severe customer concentration risk with top 10 customers representing 59.17% of FY2025 revenue(p.33)
- • Heavy supplier concentration with top 10 suppliers providing 99.77% of procured equipment(p.34)
- • Lack of long-term supplier agreements exposing company to price volatility and supply disruptions(p.33)
- • Negative cash flow from investing activities across all reporting periods(p.36)
- • Unsecured loans repayable on demand totaling ₹1,580.35 lakhs(p.41)
- • Outstanding trademark objection for company logo limiting brand protection(p.41)
- • No directors with public company experience creating governance risks(p.42)
- • Outstanding litigation with 30 proceedings totaling ₹270.32 lakhs(p.30)
- • Heavy reliance on third-party logistics without transit insurance(p.38)
- • Dependence on third-party transportation without definitive agreements(p.46)
- • Inability to obtain lender no-objection certificates impacting fund raising(p.46)
- • Fixed operating expenses limit flexibility in responding to revenue declines(p.48)
- • No alternative power supply arrangements(p.48)
- • Absence of alternate funding arrangements for IPO objects(p.48)
- • Key Management Personnel associated with company for less than one year(p.49)
- • Promoter concentration allowing control over shareholder decisions(p.47)
- • High maintenance costs affecting profit margins(p.136)
- • Capital intensive business requiring significant upfront investment(p.136)
- • Revenue dependency on market demand subject to seasonal and economic fluctuations(p.136)
- • Limited scalability due to need for significant investment in additional inventory(p.136)
- • Lack of equipment insurance creates financial burden for damage or repairs(p.137)
- • High dependency on top customers with concentration risk(p.139)
- • Concentrated ownership and promoter dependence(p.196)
- • Heavy debt burden with high leverage ratio(p.206)
- • Weak debt service coverage capacity(p.209)
- • Negative working capital position(p.209)
- • Limited track record as public company(p.192)
- • Significant dependence on external vendor relationships(p.237)
- • High capital investment requirements for equipment(p.249)
- • Elevated debt levels relative to equity(p.261)
- • Tax proceedings and outstanding demands pending against promoter(p.270)
Opportunities
- • Growing media and entertainment industry with increasing digital adoption in India(p.26)
- • Rising global focus on India as preferred content creation hub(p.26)
- • Expansion opportunity to other states and national geographic diversification(p.38)
- • Strategic diversification of business and new service offerings(p.45)
- • Potential for premium service differentiation and market positioning(p.45)
- • Meeting growing market demand for high-quality video and photographic content(p.89)
- • Strengthening competitive position through advanced camera solutions investment(p.89)
- • Expansion of clientele through superior technology offerings(p.89)
- • Improved operational efficiency from modern equipment(p.89)
- • Expansion into new geographic markets to drive growth(p.137)
- • Incorporating latest technology to attract customers and justify premium pricing(p.137)
- • Strategic partnerships with production companies and event planners for steady demand(p.137)
- • Developing online booking platform to streamline operations and reach broader audience(p.137)
- • Growing M&E industry with projected 10% CAGR through 2026(p.119)
- • OTT segment expanding at 14.1% CAGR providing rental demand for content production(p.120)
- • Expansion into specialized media equipment rental market(p.192)
- • Leverage growing digital content and media production demand(p.158)
- • Scale the existing proprietorship business model through formal company structure(p.158)
- • Capitalize on rising interest in professional media production infrastructure(p.158)
- • Growing media and entertainment industry in India(p.236)
- • Expansion of project volume through increased customer base(p.238)
- • Customized rental solutions tailored to client requirements(p.236)
- • Opportunity to reduce reliance on external hire charges through asset ownership(p.250)
- • Revenue growth driven by increased project volume(p.249)
Threats
- • Rapid technological obsolescence requiring continuous capital equipment replacement(p.34)
- • Project-based business model creating uncertain payment timelines and default risks(p.34)
- • Prolonged project timelines delaying revenue realization and cash flow disruptions(p.34)
- • Regulatory approval delays and potential permit suspension impacting operations(p.32)
- • Equipment damage during customer rental periods creating financial exposure(p.36)
- • Intense competitive market with larger players threatening market share and pricing power(p.45)
- • Geographic concentration in Mumbai creating regional economic vulnerability(p.38)
- • Absence of comparable listed peers limiting investor assessment and valuation benchmarks(p.40)
- • Intense price-based competition limiting profitability(p.46)
- • Risk of customers self-sourcing equipment instead of renting(p.46)
- • Competitors with superior financial resources and experience(p.46)
- • General economic and market conditions in India affecting business(p.47)
- • Potential impacts from inflation on employee costs and sales(p.47)
- • Service delivery delays resulting in customer rejection(p.47)
- • Regulatory changes in media and entertainment industry(p.52)
- • Industry-wide impacts from unethical practices by competitors(p.52)
- • Global economic instability affecting Indian markets(p.53)
- • Natural calamities impacting Indian economy and business(p.54)
- • Economic downturns reduce demand for rental equipment and impact revenue(p.137)
- • Intense competition from multiple competitors offering similar services(p.137)
- • Rapid technological obsolescence requiring continuous investment in newer models(p.137)
- • Regulatory changes increasing operational costs or requiring business model adjustments(p.137)
- • Global tariffs and trade policy uncertainty impacting import of premium equipment(p.109)
- • Emerging online rental platforms offering direct-to-consumer convenience and lower prices(p.142)
- • High dependence on few major customers(p.209)
- • Volatile working capital requirements(p.199)
- • Cyclical nature of media and entertainment industry(p.192)
- • Reliance on capital-intensive asset base susceptible to depreciation(p.190)
- • Contingent TDS liability exposure(p.208)
- • Intensifying competition from domestic and international manufacturers(p.262)
- • Risk of competitor vertical integration reducing distributor need(p.262)
- • Economic slowdown impact on entertainment industry demand(p.262)
- • Rising input costs and inflation pressures(p.261)
- • Customer credit risk and payment defaults(p.261)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Mr. Kuuldeep Beshawar Nath Bhargava | Promoter | 85.00% | — |
| Mr. Ayush Bhargava | Promoter | 0.05% | — |
| Ms. Anjali Bhargava | Promoter | 0.48% | — |
| Mr. Kuuldeep Beshawar Nath Bhargava | Promoter | 85.00% | [●] |
| Mr. Ayush Bhargava | Promoter | 0.05% | [●] |
| Ms. Anjali Bhargava | Promoter | 0.48% | [●] |
| Mr. Anirav Bhargava | Promoter Group | 0.05% | [●] |
| Mr. Kuuldeep Beshawar Nath Bhargava | Promoter | — | — |
| Mr. Ayush Bhargava | Promoter | — | — |
| Ms. Anjali Bhargava | Promoter | — | — |
| Mr. Kuuldeep Beshawar Nath Bhargava | Promoter | 85.00% | — |
| Mr. Ayush Bhargava | Promoter | 0.05% | — |
| Ms. Anjali Bhargava | Promoter | 0.48% | — |
| Kuuldeep Beshawar Nath Bhargava | Promoter | 99.00% | — |
| Ayush Bhargava | Promoter | 1.00% | — |
| Anjali Bhargava | Promoter | 99.00% | — |
Leadership
Mr. Kuuldeep Beshawar Nath Bhargava · Managing Director
Ms. Surbhi Gupta · Company Secretary and Compliance Officer
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.
Moving Media Entertainment IPO FAQs
What is the lot size of Moving Media Entertainment IPO?
The minimum lot size of Moving Media Entertainment IPO is 2,000 shares. One lot costs ₹1,40,000 at the cut-off price.
When does Moving Media Entertainment IPO open and close?
Moving Media Entertainment IPO opened for subscription on 26 Jun 2025 and closed on 30 Jun 2025.
What is the listing date of Moving Media Entertainment IPO?
Moving Media Entertainment IPO listed on 03 Jul 2025.