Optimystix Entertainment India Submits IPO Draft Papers
The IPO includes up to 62 lakh equity shares, comprising a fresh issue of 50 lakh shares and an Offer for Sale (OFS) of 12 lakh shares by promoter Vipul D. Shah. The price band and total issue size are yet to be disclosed.
Optimystix Entertainment IPO Overview
The IPO consists of a fresh issue of 50 lakh equity shares and an OFS of 12 lakh shares, with a face value of ₹10 per share. The company aims to list on the BSE and NSE mainboards. The promoters include Vipul D. Shah, Rajesh Bahl, and Optimystix Media Pvt Ltd. Maashitla Securities Pvt Ltd is the registrar, while LSI Financial Services Pvt Ltd and Nexgen Financial Solutions Pvt Ltd serve as book-running lead managers.
Company Profile
Established in 2000, Optimystix Entertainment specializes in creating content for television, films, and digital platforms. With over 150 shows and 7,500+ hours of original programming, the company has delivered popular titles like Comedy Circus, Crime Patrol, Baalveer, Saas Bina Sasural, Ladies Special, and Laughter Chefs. Its content spans comedy, crime, and children’s genres, making it a leader in Indian television. The company has expanded its portfolio through its subsidiaries, venturing into OTT platforms and regional content.
Financial Performance (Restated Consolidated)
Optimystix Entertainment has shown remarkable financial growth. Its revenue from operations surged from ₹3,110.33 lakh in FY23 to ₹12,439.35 lakh in FY25. After reporting a loss of ₹827.54 lakh in FY23, the company achieved a profit of ₹665 lakh in FY24, which further increased to ₹1,721.86 lakh in FY25. EBITDA climbed to ₹3,520.57 lakh in FY25 from losses in FY23. The company’s net worth rose to ₹9,731.50 lakh, and its EPS improved to ₹13.37 in FY25, reflecting a strong financial turnaround.
Promoters and Offer Details
Promoter Vipul D. Shah will offload 12 lakh shares through the OFS, but the promoters will retain significant control post-IPO.
Strengths and Risks
Optimystix boasts a diverse content library, strong broadcaster relationships, and brand recognition in comedy and crime genres. Its recent foray into OTT-first content and regional languages signals growth potential. However, risks include reliance on flagship shows and broadcaster contracts in a competitive digital content market.