Net Pix Shorts Digital Media Limited is a technology entertainment company based in Mumbai that specializes in producing and distributing online short film content on digital media channels and OTT platforms. The company launched its content distribution platform, “Net Pix Shorts,” on YouTube, where it has released 12 videos totaling 154.94 minutes (about 2 and a half hours) of content and has attracted 246,000 subscribers (about half the population of Wyoming). Additionally, the company has eight short films in its portfolio, which it also distributes on other digital platforms such as Hungama Play, Sony Liv, Mx Player, Shorts TV, and Hotstar.
Recently, Net Pix Shorts Digital Media has expanded its offerings with the launch of “Net Pix Raw Music,” its music channel, where it has uploaded four music videos totaling 15.70 minutes of content. The company’s focus on producing quality online content and leveraging the reach of established digital platforms has helped it gain a significant following in a short period. The company’s expansion into the music space indicates a continued effort to diversify its content offerings and establish itself as a leader in the technology entertainment industry.
Net Pix Shorts IPO Details
| IPO Date | Nov 18, 2020 to Nov 23, 2020 |
| Listing Date | Dec 2, 2020 |
| Face Value | ₹10 per share |
| Price | ₹30 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 900,000 shares (aggregating up to ₹2.70 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Net Pix Shorts IPO Tentative Dates
Net Pix Shorts IPO opens on Nov 18, 2020, and closes on Nov 23, 2020.
| Event | Tentative Date |
| Opening Date | Nov 18, 2020 |
| Closing Date | Nov 23, 2020 |
| Basis of Allotment | Nov 26, 2020 |
| Initiation of Refunds | Nov 27, 2020 |
| Credit of Shares to Demat | Dec 1, 2020 |
| Listing Date | Dec 2, 2020 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
Industry Overview
The industry is characterized by intense competition, rapidly evolving technology, and shifting consumer preferences, which can create challenges and opportunities for companies operating in this space. According to market research reports, the global technology entertainment market size was valued at USD 214.7 billion in 2020 and is projected to grow at a Compound Annual Growth Rate (CAGR) of 11.2% from 2021 to 2028.
The growth in the technology entertainment industry is primarily driven by increasing adoption of mobile devices and high-speed internet connectivity, coupled with growing demand for interactive and immersive entertainment experiences. Additionally, the COVID-19 pandemic has further accelerated the growth of the industry, as consumers increasingly turned to digital entertainment options while staying at home.
Company Financials
Summary of financial Information (Restated Consolidated)
| Particulars | For the year/period ended (Rs in lakh) | |
| 30-June-20 | 31-Mar-20 | |
| Total Assets | 549.98 | 524.88 |
| Total Revenue | 1.14 | 18.37 |
| Profit After Tax | (1.75) | 2.28 |
Objects of the Issue
The key objects of the IPO is to raise funds for the following purposes:
- To acquire workshops, godowns, and writer’s lounge on a long-term lease basis.
- To further augment company’s digital media content library.
- To meet general corporate purposes
Net Pix Shorts IPO Prospectus
Company Contact Information
Net Pix Shorts Digital Media Limited
1402, Z A Towers, Zohra Aghadi, Yari Road
Versova, Andheri West
Mumbai – 400 061
Phone: 91 8828231678
Email: info@netpixshorts.com
Website: http://www.netpixshorts.com/
Net Pix Shorts IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://ipo.cameoindia.com/
Net Pix Shorts IPO Lead Manager(s)
- Aryaman Financial Services limited (Past IPO Performance)
