Optimystix Entertainment India IPO
Optimystix Entertainment India LtdSME
This IPO has listed.
- Open date
- 7 Aug 2026
- Close date
- 11 Aug 2026
- Min. Investment
- ₹2,80,000
- Lot Size
- -
- Fresh Issue
- ₹87.50 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- -
Subscription rate
- Qualified Institutional Buyers1.84x
- Non-Institutional Investors1.49x
- Retail-Individual Investors2.26x
- Total1.91x
Schedule
- Completed: IPO open date7 Aug 2026
- Completed: IPO close date11 Aug 2026
- Completed: Allotment date12 Aug 2026
- Completed: Funds unblock or debit13 Aug 2026
- Completed: Tentative listing date14 Aug 2026
About
Promoter shareholding in Optimystix Entertainment India Ltd, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Vipul D.Shah | 48,77,600 | 26.70% | 36,77,600 | 15.80% |
| Rajesh Darshan Bahl | 6,68,200 | 3.66% | 6,68,200 | 2.87% |
| Optimystix Media Private Limit | 84,50,000 | 46.25% | 84,50,000 | 36.31% |
| Sanjay D.Shah | 0 | 0.00% | 0 | 0.00% |
| Priti Rajesh Bahl | 1,82,000 | 1.00% | 1,82,000 | 0.78% |
Financials of Optimystix Entertainment India IPO
| Key Performance Indicators | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Operating Revenue | - | - | - |
| Other Income | - | - | - |
| Total Income | 54.76 | 124.39 | 134.99 |
| Total Expenses | 50.87 | 100.73 | 104.69 |
| Profit Before Tax | - | - | - |
| Total Profit | 6.69 | 17.24 | 23.96 |
Optimystix Entertainment India IPO Strengths & Risks
- Proven legacy of culturally iconic, record-setting tv franchises.
- Multi-genre, multi-platform engine with diversified revenues.
- Leadership with complementary creative & strategic strengths.
- Integrated & scalable production model with risk management.
- Early digital expansion & strategic tech/platform partnerships.
- Relationships across the entertainment ecosystem.
- In-house creative & production capabilities.
- Technology-Enabled Production Standards.
- Risks Relating to the Business: The company's revenues is highly dependent on a limited number of broadcasters, Film studios and streaming platforms. The loss of, or a significant reduction in orders from, any of its major customers could have a material adverse effect on the company's business, financial condition, results of operations and prospects.
- Risks Relating to the Business: The success of the company's business is dependent on the commercial viability of its television shows, web-series and films, which is inherently unpredictable and subject to audience preferences.
- Risks Relating to the Business: The production of television, film and OTT/Digital content is a complex process, and the company is subject to risks such as production delays and cost overruns.
- Risks Relating to the Business: The company's strategy to shift from a commission model to owning and monetising intellectual property (IP) increases capital intensity and earnings volatility; success depends on the performance of the underlying content and monetisation windows.
- Risks Relating to the Business: The company derives a majority of its revenues from a limited number of customers, including broadcasters, film studios, OTT platforms and distributors.
- Risks Relating to the Business: The company's rapid growth and planned expansion into new content formats may strain its financial and operational resources and adversely affect the company's performance.
- Risks Relating to the Business: The company does not own its registered office premises and relies on leased/leave and license arrangements for certain facilities.
- Risks Relating to the Business: The company does not own the intellectual property rights for its television and Over-the-Top (OTT) content as the company operates on a 'cost-plus' model. This limits its ability to generate long-term revenue streams from the company's content library and makes it dependent on the continuous commissioning of new projects from broadcasters and platforms.
- Risks Relating to the Business: The Company has negative cash flows from its operating, investing and financing activities in the past years, details of which are given below. Sustained negative cash flow could impact on the company's growth and business.
- Risks Relating to the Business: The company is dependent on its Promoter, senior management, and availability of key creative talent.
- Risks Relating to the Business: The company's operations is subject to hazards inherent in film and TV production.
- Risks Relating to the Business: The company's insurance coverage may not adequately protect it against all material risks.
- Risks Relating to the Business: The company may has certain contingent liabilities, which if materialised, could adversely affect its business and results of operations.
- Risks Relating to the Business: Piracy of the company's content may adversely impact its revenues.
- Risks Relating to the Business: The company may be subject to intellectual property infringement claims.
- Risks Relating to the Business: Delays, cost overruns, cancellations or abandonment of projects may adversely affect the company's business.
- Risks Relating to the Business: The company relies on key relationships and strategic partnerships; any deterioration, non-renewal or change in terms may adversely affect its pipeline and monetisation.
- Risks Relating to the Business: Dependence on key creative and managerial talent; loss of, or reduced availability of, such personnel could adversely affect the company.
- Risks Relating to the Business: Regulatory and policy risks for media and digital businesses may increase compliance burden and affect monetisation.
- Risks Relating to the Business: The company's digital initiatives (including AI-enabled content creation, short-form apps/platforms and YouTube-first IP) expose the company to product, technology, data protection and platform-policy risks.
- Risks Relating to the Business: A significant portion of the company's revenues is dependent on the box office performance of its films.
- Risks Relating to the Business: The company's business is exposed to risks from content-related controversies, negative publicity, and social media campaigns, which can harm its reputation, lead to legal action, and impact the company's financial performance.
- Risks Relating to the Business: The company's success is primarily dependent on audience acceptance of its films, web series, original digital content and television content, which is inherently unpredictable.
- Risks Relating to the Business: Fluctuations in foreign exchange rates may adversely affect the company's business, results of operations and financial condition.
- Risks Relating to the Business: The company is exposed to credit risk from its customers and any significant delay or default in the collection of the company's trade receivables could adversely affect its cash flows and financial condition.
- Risks Relating to the Business: The company's future growth depends on its unproven digital-first strategy, which includes leveraging emerging generative AI technologies and creating new digital IP. This pivot from its traditional business model exposes the company to significant execution, technological, and financial risks.
- Risks Relating to the Business: Intensifying competition for commissioning slots, talent and IP may lead to cost escalation and margin compression.
- Risks Relating to the Business: The company has entered into transactions with related parties. Its cannot assure you that the company could not have achieved more favourable terms if such transactions were not with related parties.
- Risks Relating to the Business: The Company has significant outstanding dues and has entered into material transactions with related parties, including loans to a Promoter-Director and substantial receivables from a related LLP, which may result in conflicts of interest, credit risk and adverse impact on its financial condition. Further, the company has not filed the statutory form in relation to the issue of shares.
- Risks Relating to the Business: The company relies on a network of third-party vendors, freelancers, executive producers and line producers for its production activities, and their failures to perform or comply with laws could adversely affect the company's business.
- Risks Relating to the Business: The company's business is exposed to risks from content-related controversies, negative publicity, and social media campaigns, which can harm its reputation, lead to legal action, and impact the company's financial performance.
- Risks Relating to the Business: The company has in the past reported negative cash flows and may continue to do so in the future. Any negative cash flows in the future would adversely affect its business, financial condition and results of operations.
- Risks Relating to the Business: The company bear the entire risk of completion and commercial success in standalone productions, while in co-productions its may not always retain full monetization rights.
- Risks Relating to the Business: There are outstanding legal proceedings involving the Company, its Directors, and the company's Promoters. Any adverse decisions could impact its cashflows and profit or loss to the extent of demand amount, interest and penalty, divert management time and attention and have an adverse effect on the company's business, prospects, results of operations and financial condition.
- Risks Relating to the Business: The media and entertainment industry in India is highly competitive, and the company's inability to compete effectively could adversely affect its business.
- Risks Relating to the Business: The company's film business is dependent on its strategic partnership with T-Series for project financing and distribution, and this collaboration is not governed by a long-term agreement.
- Risks Relating to the Business: The media and entertainment industry is subject to rapid technological changes, and the company's failures to adapt to these changes could harm its business.
- Risks Relating to the Business: The company's business is subject to various laws and regulations, and any changes in the regulatory landscape could adversely affect its operations.
- Risks Relating to the Business: The company's film production business requires significant upfront investment in projects with long and unpredictable development cycles; any delays or project cancellations could lead to a loss of its investment.
- Risks Relating to the Business: The company may not be able to successfully compete for audiences with films released by other producers and with alternative forms of entertainment.
- Risks Relating to the Business: The company's revenues and profitability vary across its business verticals, thereby making the company's future financial results less predictable.
- Risks Relating to the Business: The company's business operations has substantial working capital requirements. Its inability to obtain and/or maintain sufficient cash flow, credit facilities and other sources of funding in a timely manner to meet the company's requirements of working capital or payment of its debts, could adversely affect the company's operations.
- Risks Relating to the Business: The company's profit margins may not be sustainable and could decline due to various cost pressures.
- Risks Relating to the Business: The company has certain contingent liabilities that have been disclosed in the Restated Financial Information, which if they materialize, may adversely affect its business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: The company's success also depends on its ability to attract, hire, train and retain skilled permanent and temporary personnel. An inability to recruit, train and retain suitably qualified and skilled personnel could adversely impact the company's business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: The company is required to obtain, maintain or renew statutory and regulatory licenses in respect of its principal business lines, and if the company fails to do so, in a timely manner or at all, its may be unable to fully or partially operates the company's businesses and its results of operations may be adversely affected.
- Risks Relating to the Business: Any IT system failures or lapses on the part of any of the company's employees may lead to operational interruption, liabilities, or reputational harm.
- Risks Relating to the Business: If the company is unable to collect its receivables from the company's clients, its results of operations and cash flows could be adversely affected.
- Risks Relating to the Business: The company's success also depends on its ability to attract, hire, train and retain skilled permanent and temporary personnel. An inability to recruit, train and retain suitably qualified and skilled personnel could adversely impact the company's business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: The schedule of the company's estimated deployment of Net Proceeds is subject to inherent uncertainties.
- Risks Relating to the Business: The company depends on the skills and experience of its Promoters, Key Managerial Personnel, Senior Management for the company's business and future growth.
- Risks Relating to the Business: The company may requires raising additional equity or debt in the future in order to continue to grow its business, which may not be available on favorable terms or at all.
- Risks Relating to the Business: Failures in internal control systems could cause operational errors which may have an adverse effect on the company's reputation, business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: After the completion of the Offer, the company's Promoters & Promoter Group will continue to collectively hold majority of the shareholding in the Company, which will allow them to influence the outcome of matters requiring shareholder approval.
- Risks Relating to the Business: All the Directors of the Company does not has prior experience of directorship in any of companies listed on recognized stock exchanges, therefore, they will be able to provide only a limited guidance in relation to the affairs of the Company post listing.
- Risks Relating to the Business: In addition to normal remuneration or benefits and reimbursement of expenses, some of the company's Promoters and/or Directors are interested in the Company to the extent of their shareholding and dividend entitlement thereon in the Company.
- Risks Relating to the Business: The requirements of being a publicly listed company may strain its resources. Further non compliances of the regulatory requirements applicable to publicly listed companies may lead to suspension of the Company.
- Risks Relating to the Business: The average cost of acquisition of Equity by the company's Promoters and promoter group could be lower than the Offer Price.
- Risks Relating to the Business: The Company may not be able to pay dividends in the future. Its ability to pay dividends in the future will depends upon the company's future earnings, financial condition, cash flows, working capital requirements and capital expenditures and the terms of its financing arrangements.
- Risks Relating to the Business: This Red Herring Prospectus contains information from third parties, including an industry report prepared by an independent third-party research agency, Dun & Bradstreet Information Services India Private Limited ("D&B"), which the company has commissioned and paid for purposes of confirming its understanding of the industry exclusively in connection with the Offer.
