Optimystix Entertainment India IPO
Optimystix Entertainment India IPO is an SME IPO raising ₹109 Cr at ₹166 – ₹175 a share. It listed on 14 Aug 2026 at ₹180, +2.9% against its issue price of ₹175, and trades at ₹149 today (−15.0% since issue). It was subscribed 2.56× in total.
2.6 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
What this company actually does
Read out of the prospectus’s business section, stripped of its marketing language.
Optimystix Entertainment India Limited is an Indian content production house that creates and produces television shows, feature films, and web series/digital content. Founded in 2000 by Vipul D. Shah and co-headed by Rajesh Darshan Bahl, the company has produced more than 150 television shows spanning over 7,500 hours of original programming across all major Indian broadcasters (Sony, Colors, Zee, Star, SAB TV) and OTT platforms (Netflix, Amazon Prime Video, Jio Cinema). It produces both fiction and non-fiction formats and has expanded into theatrical films, direct-to-digital releases, and digital-first content.
How it earns
Revenue comes from producing commissioned television programming for broadcasters, producing and distributing feature films (theatrical and direct-to-digital), creating OTT/web series for streaming platforms, and emerging digital/IP monetization (e.g., YouTube). The company is shifting from a pure commissioned model toward owning intellectual property rights.
Who buys
Key customers are major Indian broadcasters (Sony, Colors, Zee, Star India, SAB TV) and OTT platforms (Netflix, Amazon Prime Video, Amazon MXPlayer, Sony Liv, JioStar, Zee5, Jio Cinema, T-Series). Number of customers served: 20 in FY2026 (up from 15 in FY2025 and 8 in FY2024). Average revenue per customer: ₹674.94 lakh in FY2026, ₹829.29 lakh in FY2025, ₹684.53 lakh in FY2024. Note: amounts as stated in the prospectus are in ₹ lakhs (1 crore = 100 lakhs); FY2026 revenue from operations of ₹13,498.75 lakhs ≈ ₹134.99 crore.
Scale
Founded October 31, 2000; over 150 television shows and more than 7,500 hours of original programming produced; 6 feature films and 2 web series produced over the last 3.5 years; more than 60 industry awards; content hours produced in FY2026: 133 (FY2025: 236; FY2024: 162); debt-free with zero debt-equity ratio in FY2025 and FY2026; FY2026 revenue from operations ₹13,498.75 lakhs (≈₹134.99 crore).
What it says sets it apart
- Limca Book of Records entries for Comedy Circus (8-year run) and Baalveer (over 2,000 episodes); Crime Patrol (1,100+ episodes) received an appreciation letter from Mumbai Police
- Among the few Indian production houses consistently operating fiction and non-fiction formats at scale
- T-Series co-production partnership: T-Series provides production funding while Optimystix retains 50% of intellectual property rights and profits
- Among a select few globally to secure preferred early access to Google's generative video platform Veo-3 for AI-powered content creation
- End-to-end in-house capabilities (ideation, scripting, production, post-production) enabling concurrent multi-project execution across TV, films, OTT and digital
Revenue mix
The last few years in numbers
From the prospectus’s own summary financial table (restated consolidated). Margins and growth are computed from the stated figures; everything else is as printed.
| Period | Revenue | Profit after tax | PAT margin | Net worth | Borrowings |
|---|---|---|---|---|---|
| FY26 (year ended March 31, 2026) | ₹135 Cr | ₹24 Cr | 17.8% | ₹131 Cr | ₹0 Cr |
| FY25 (year ended March 31, 2025) | ₹124 Cr | ₹17 Cr | 13.9% | ₹97 Cr | ₹0 Cr |
| FY24 (year ended March 31, 2024) | ₹55 Cr | ₹7 Cr | 12.2% | ₹60 Cr | ₹0 Cr |
Where the money goes
The offer →Most of this issue is new shares — the money raised goes to the company, not to exiting shareholders.
How its cohort has done
131 SME issues listed in 2026 that we can price today. This is the group this issue belongs to.
Neither figure is a forecast for this issue — they describe what happened to comparable issues. Full cohort analytics →
What we hold for this issue
Stated up front on every issue, so a sparse page reads as a fact about the source rather than a broken one.
What could go wrong
All 13risks & documents →From the register read out of the issuer’s own prospectus — each item is quoted verbatim with its page on the risks tab.
Led by Nexgen Financial Solutions Private Limited — median +2.6% across the 5 of its issues we can price. All lead managers →
What happens when
Next: the UPI mandate expires on 22 Sept 2026.
What to watch
- The register's top risk: Extreme customer concentration with top 5 and Jiostar (prospectus page 31).
- Its cohort's record: median +8.4% since issue price, 46.6% now below it — a base rate, not a forecast.
Each line restates a disclosure from the prospectus or the exchanges — nothing here is a recommendation to apply to this issue.
Track OPTIMYSTIX ENT INDIA LTD
Results, orders, board decisions and every other filing — summarised and sent to your WhatsApp the minute they are out.
Figures are as published by the exchanges and the issuer’s prospectus. MarketPing publishes facts, comparisons and history only — nothing here is a recommendation to apply to this issue, and we do not publish grey market premium.