Last Updated : Nov 09, 2020 09:20 PM IST | Source: Moneycontrol.com

Listing on NSE Emerge will give us more creative freedom, says Bodhi Tree's Mautik Tolia

Bodhi Tree which was incorporated in 2013 has so far produced more than 30 TV shows and over 1,000 hours of digital media content

Maryam Farooqui
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Production house Bodhi Tree Multimedia Ltd that recently entered capital markets through initial public offering (IPO) on NSE Emerge (SME Platform of the National Stock Exchange) is looking at three major changes that will take place in the wake of the listing.

In conversation with Moneycontrol, Mautik Tolia, Managing Director, Bodhi Tree Multimedia, said: "Entering the capital markets through IPO will give us the freedom to take creative decisions. It will help us access more funds and will also give us the freedom to develop our own IPs (intellectual properties)."

He said proceeds of the IPO will be used towards working capital and fund development. Tolia added that the IPO, which opened on October 9 and closed on October 13, was oversubscribed 1.7 times.

Close

After a long time a production house has entered the capital markets.

COVID-19 Vaccine

Frequently Asked Questions

View more
How does a vaccine work?

A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine.

How many types of vaccines are there?

There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine.

What does it take to develop a vaccine of this kind?

Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time.

View more
Show

related news

Tolia said in 2000s when the entertainment industry was seeing an inflection point, production houses like Balaji Telefilms got listed and now the industry is seeing a similar turning point especially due to digital content.

Bodhi Tree which was incorporated in 2013 has so far produced more than 30 TV shows and over 1,000 hours of digital media content. The company in the last few months  also managed to produce around 25 to 30 hours of content both on digital and on TV.

This is why Tolia believes that "the entertainment industry has the distinction of not only qualifying as a recession proof sector, but also as a sector with enormous growth potential".

He added that coronavirus-led lockdown did impact the entire entertainment industry in terms of production of shows getting halted and advertising spends reducing. However, he said content consumption on the other hand increased during the period.

He added that due to the pandemic, production budgets did see a drop and shooting of both TV shows and series were put on hold, but things are getting back to normal.

And this is why Tolia is confident about FY2o despite the COVID-19 pandemic impact, and expects to register similar profits as last financial year.

In FY19, Bodhi Tree registered consolidated revenue of Rs 27.45 crore and profits of Rs 3.6 crore.

As for the content pipeline in FY21, Tolia said they have enough shows for both digital and TV. He noted that production of many shows which were on halt due to coronavirus-led lockdown has restarted.
First Published on Nov 9, 2020 09:20 pm

tags #Balaji Telefilms #Bodhi Tree Multimedia Ltd #Business #coronavirus #Entertainment #India #stocks