Optimystix Entertainment IPO
ListedSME
2.05×
Subscribed
Price band
₹175 – ₹175
Issue size
₹108.5 Cr
Open – close
07 Aug 2026
to 11 Aug 2026
Listing
14 Aug 2026
What the filing actually says
Our read of the offer document and the exchange data — not the issuer's summary of itself
Strong3 of 7 dimensions read
The disclosed numbers are strong — 2 of 4 signals read positive
Strength71/100
- Priced in line with peers13.1× earnings against a peer median of 14.2×
- Out-earns its peersReturn on net worth of 18.2% against a peer median of 9.5%
- Adequate return on equityROE of 16.9%
- Institutional book coveredQIB portion subscribed 1.84×
Every line above is arithmetic on a figure shown elsewhere on this page - no model, no opinion. It describes the quality of the offering as disclosed, and is pulled toward neutral to reflect how much the document leaves unsaid. It is not a prediction of the listing price, and it is not advice to apply.
Dates
The issuer's tentative timetable — a date passing is not confirmation the step completed
- Opens07 Aug 2026
- Closes11 Aug 2026
- Listing14 Aug 2026
Demand and your odds
How the book filled, and what that means for an application
Subscription by category
Qualified institutionalQIB1.84x
Non-institutionalNII / HNI1.85x
Big NIIabove ₹10L1.63x
Small NII₹2L – ₹10L2.27x
Retail individualRII2.26x
3,168 applications received — how many people bid, as opposed to how much money did. Exchange figures as of 11 Aug 2026.
Chance of allotment
Retail2.26× subscribed
~1 in 2.3
Retail is 2.26× subscribed. Allotment is a lottery on a single lot, so roughly 1 in 2.3 applications gets one lot. Bidding for extra lots does not improve these odds.
HNI / NII1.85× subscribed
~1 in 1.9
HNI is 1.85× subscribed. This category is allotted proportionately, so a bid receives roughly 1/1.9 of the shares applied for, subject to the minimum-lot draw.
Derived from SEBI's allotment mechanics and the subscription figures beside it. Retail allotment is a lottery on a single lot, so applying for more lots does not improve your chance of getting something.
The offering
Terms, structure and who is selling
Terms
Price band₹175 – ₹175
Total issue size₹108.5 Cr
Listing atSME platform
Company & valuation
P/E at upper band13.10×
Return on equity16.89%
EBITDA margin23.04%
ROCE23.05%
RoNW18.23%
PAT Margin17.81%
EBITDA Margin23.04%
NAV71.97
ISININE1JZB01022
Who gets what
How the issue is split between investor categories, and what each may bid.
| Category | Shares | % of issue |
|---|---|---|
| QIB | 27,86,400 | 44.94% |
| Anchor Investor | 16,70,400 | 26.94% |
| QIB (Ex. Anchor) | 11,16,000 | 18.00% |
| NII (HNI) | 8,40,000 | 13.55% |
| bNII > ₹10L | 5,59,200 | 9.02% |
| sNII < ₹10L | 2,80,800 | 4.53% |
| Retail | 19,53,600 | 31.51% |
| Market Maker | 6,20,000 | 10.00% |
Total issue 62,00,000 shares. Indented rows sit inside the category above them and are not added to it.
What each category may bid
Individual investors (IND) (Min)₹2,80,0002 lots · 1,600 sh
Individual investors (IND) (Max)₹2,80,0002 lots · 1,600 sh
S-HNI (Min)₹4,20,0003 lots · 2,400 sh
S-HNI (Max)₹9,80,0007 lots · 5,600 sh
B-HNI (Min)₹11,20,0008 lots · 6,400 sh
Lot size alone does not answer "how much do I need" — an S-HNI minimum is several lots, not one.
Anchor book
Shares allotted16,70,400
Anchor portion₹29.23 Cr
Bid date06 Aug 2026
Lock-in ends (50%)11 Sept 2026
Lock-in ends (rest)10 Nov 2026
Anchors are institutional money placed a day before bidding opens, against a lock-in. Those two dates are when that stock can first be sold — a supply event worth knowing if you still hold.
How the issuer compares
The listed companies the offer document itself names as comparable.
| Company | EPS | P/E | NAV | RoNW |
|---|---|---|---|---|
| Optimystix Entertainment India Limited | 13.36 | 13.10 | 71.97 | 18.23% |
| Panorama Studios International Ltd | 0.60 | 83.20 | 8.48 | 4.52% |
| Cinevista Ltd | 1.06 | 14.19 | 9.80 | 11.00% |
| Balaji Telefilms | -4.09 | -21.95 | 5.19 | 7.99% |
| Our Companythis issue | 13.36 | 13.10 | 71.97 | 18.23% |
Blank cells are figures the offer document does not publish. An unlisted issuer has no market price, so it has no price-based multiple until it lists — which is exactly why the comparison is against companies that already trade. The peer set is the issuer's own selection, so read it as the flattering-est comparison available rather than a neutral one.
Risks worth reading
Ranked by our severity assessment, not by the order the prospectus prints them
mediumOur revenues are highly dependent on a limited number of broadcasters, Film studios and streaming platforms. For the fiscal years ended March 31, 2026, 2025 and 2024, our top 5 customers accounted for 85.05%, 78.91% and 99.93% of our total revenue, respectively. Our largest customer, Jiostar India P
mediumThe success of our business is dependent on the commercial viability of our television shows, web-series and films, which is inherently unpredictable and subject to audience preferences. Audience tastes are fickle and can change rapidly, making it difficult to predict the appeal of any given project
Positives the filing discloses (1)
Healthy return on equity
ROE of 16.9%.
What happened to comparable issues
The last 8 issues to list with a recorded opening price, most comparable first
Median listing gain
-2.2%
Listed up
1 of 8
Best
+0.4%
Papadmalji Agro Foods Limited
Worst
-17.5%
Himalayan Solar
Ravita Engineering Services Limitedsame segment
6.7× sub+0.0%
Vaibhav Vyapaar Limitedsame segment
3.1× sub-2.0%
R.K. Fashion Accessories Limitedsame segment
2.6× sub-2.4%
Eventions Limitedsame segment
2.3× sub-5.9%
Papadmalji Agro Foods Limitedsame segment
2.5× sub+0.4%
Green Asia Impexsame segment
1.0× sub+0.0%
Dudani Retailsame segment
1.4× sub-13.8%
Himalayan Solarsame segment
1.2× sub-17.5%
Past issues are context, not a forecast — this issue is a different company at a different price. We show it because "how have issues like this one actually opened" is a question with a real answer, and grey-market premium is not that answer.
Offer documents
The primary sources everything above is drawn from
Common questions
How many times is the Optimystix Entertainment IPO subscribed?
Optimystix Entertainment is subscribed 2.05× overall (QIB 1.84×, NII 1.85×, retail 2.26×). Subscription keeps changing until the issue closes; the final basis of allotment is published by the registrar.
What are the chances of allotment in the Optimystix Entertainment IPO?
The retail portion is subscribed 2.26×, so allotment is by lottery and the odds of receiving at least one lot are roughly 1 in 2. Applying for more lots does not improve the chance of getting something — every retail applicant competes for the same single minimum lot.
Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey-market premium is unofficial and is not a forecast. Nothing here is investment advice or a recommendation — read the offer document and consult a SEBI-registered adviser before applying.