Moving Media Entertainment IPO to list today. GMP hovers at 22% over issue price
NSE SME platform
on July 3 following a Rs 43.40 crore IPO that garnered substantial investor attention. The GMP ahead of listing stands at Rs 16 over the issue price of Rs 70, indicating a potential listing gain of over 22%.
The company's IPO, which was open from June 26 to June 30, comprised a pure fresh issue of 62 lakh equity shares. The price was fixed at Rs 70 per share, with a minimum lot size of 2,000 shares.
by Taboola
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Verisure Alarma
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Gretex Corporate Services
acted as the book-running lead manager for the issue, while Maashitla Securities was the registrar.
Founded in 2022, Moving Media Entertainment is engaged in the rental of high-end film and television production equipment such as cameras, lenses, lighting gear, sound systems, and accessories.
The company services a wide clientele, including leading production houses like
Star India
, Celebframe Entertainment, Colosceum Media, and Sunshine Pictures.
Live Events
Its competitive strength lies in owning its inventory—unlike many peers—offering the latest models from top-tier brands to advertising agencies, filmmakers, OTT platforms, and event companies. The company also provides customized rental solutions and a responsive logistics network across India.
The company saw its revenue jump 59% to Rs 37.06 crore in FY25 from Rs 23.38 crore in FY24. Net profit for FY25 came in at Rs 10.4 crore, up marginally from Rs 10.09 crore in the previous year.
Proceeds from the IPO will be used for investment in advanced camera solutions, debt repayment, and general corporate purposes.
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