Bodhi Tree Multimedia enters capital market with IPO

Bodhi Tree Multimedia enters capital market with IPO

The company has issued 3.90 lakh equity shares at a price of Rs 95 per equity share

Bodhi Tree Multimedia

KOLKATA: Bodhi Tree Multimedia promoted by Sukesh Motwani and Mautik Tolia which produces content for television, films and digital platforms has reported robust performance in FY20. Being one of the few content production companies to get listed in a decade, the company recently entered the capital market through an IPO on NSE Emerge (SME Platform of NSE).

Despite the pandemic, the company witnessed a turnover of Rs 27.45 crores demonstrating a burgeoning growth. In addition to this, Bodhi Tree Multimedia expects a good FY20-21 with the value of the order book which will be serviced in the coming year.

Bodhi Tree Multimedia founder director Sukesh Motwani said “The entertainment industry boom with the explosive rise in digital OTT content along with an increasing growth television content gives us an unique position to create rooted Indian content for the Indian as well as global market. It’s the best time to be a content creator.”

 “The entertainment industry has the distinction of not only qualifying as a recession proof sector, but also as a sector with enormous growth potential. As an established player in creating content for television and films and digital platforms, Bodhi Tree Multimedia continues to demonstrate its resilience in a challenging market. Operating in the entertainment industry with a potential to grow exponentially in the years ahead, the company is all geared to capitalize on this exponential growth potential. Amidst the COVID-19 restrictions around the world and the uncertainty in the global economic outlook, we will continue to focus on growing our business profitably and prudently. The outlook for FY21 looks promising with orders in hand, ” Bodhi Tree Multimedia managing director Mautik Tolia said.

The company’s IPO’s net proceeds will be utilized for meeting the company’s working capital requirements, general corporate purposes and meeting expenses related to IPO.  The company has issued 3.90 lakh equity shares at a price of Rs 95 per equity share. The IPO opened for public subscription on 9 October 2020 and closed on 13 October 2020.

As an established player at the forefront of creating differentiated and edgy content on television and digital platforms. Bodhi Tree Multimedia is leveraging its brand in the market for entertainment content. The Company has several shows that are at various stages of development, under production and on air with marquee clients in this space.