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Picturepost Studios IPO is a book build issue of ₹18.72 crores. The issue is entirely a fresh issue of 0.78 crore shares of ₹18.72 crore.
Picturepost Studios IPO bidding started from Aug 2, 2024 and ended on Aug 6, 2024. The allotment for Picturepost Studios IPO was finalized on Aug 7, 2024. The shares got listed on NSE SME on Aug 9, 2024.
Picturepost Studios IPO price band is set at ₹24.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an retail is ₹1,32,000 (6000 shares). The minimum lot size investment for HNI is 2 lots (12,000 shares), amounting to ₹2,88,000.
Shreni Shares Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Shreni Shares Ltd..
Refer to Picturepost Studios IPO RHP for detailed Information.
| IPO Date | August 2, 2024 to August 6, 2024 |
| Listing Date | August 9, 2024 |
| Face Value | ₹1 per share |
| Issue Price Band | ₹22 to ₹24 per share |
| Issue Price Final | ₹24 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 78,00,000 shares (aggregating up to ₹18.72 Cr) |
| Reserved for Market Maker | 3,96,000 shares Shreni Shares Ltd. (aggregating up to ₹0.9504 Cr) |
| Net Offered to Public | 74,04,000 shares (aggregating up to ₹17.77 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 2,15,00,000 shares |
| Share Holding Post Issue | 2,93,00,000 shares |
Picture Post Studios IPO offers total 78,00,000 shares. Out of which 36,90,000 (47.31%) allocated to QIB, 14,82,000 (19.00%) allocated to QIB, 11,16,000 (14.31%) allocated to NII, 25,98,000 (33.31%) allocated to RII and 22,08,000 (28.31%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,96,000 (5.08%) |
| QIB Shares Offered | 36,90,000 (47.31%) |
| − Anchor Investor Shares Offered | 22,08,000 (28.31%) |
| − QIB (Ex. Anchor) Shares Offered | 14,82,000 (19.00%) |
| NII (HNI) Shares Offered | 11,16,000 (14.31%) |
| Retail Shares Offered | 25,98,000 (33.31%) |
| Total Shares Offered | 78,00,000 (100.00%) |
Picturepost Studios IPO raises ₹5.30 crore from anchor investors. Picturepost Studios IPO Anchor bid date is August 1, 2024. Picturepost Studios IPO Anchor Investors list
| Bid Date | August 1, 2024 |
| Shares Offered | 22,08,000 |
| Anchor Portion Size (In Cr.) | 5.30 |
| Anchor lock-in period end date for 50% shares (30 Days) | September 6, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | November 5, 2024 |
Picturepost Studios IPO opens on August 2, 2024, and closes on August 6, 2024.
| IPO Open Date | Fri, Aug 2, 2024 |
| IPO Close Date | Tue, Aug 6, 2024 |
| Tentative Allotment | Wed, Aug 7, 2024 |
| Initiation of Refunds | Thu, Aug 8, 2024 |
| Credit of Shares to Demat | Thu, Aug 8, 2024 |
| Tentative Listing Date | Fri, Aug 9, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Aug 6, 2024 |
Investors can bid for a minimum of 6,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹1,44,000 |
| Retail (Max) | 1 | 6,000 | ₹1,44,000 |
| HNI (Min) | 2 | 12,000 | ₹2,88,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2019, Picture Post Studios Limited is a company that specializes in movie editing, computer-generated imagery (CGI), visual effects (VFX), video conversion, grading, and mastering films and commercials for various channels and digital platforms.
The company offers a wide range of services for the entertainment industry. It specializes in visual effects, post-production, color grading, motion design, and creating captivating visual experiences for global audiences.
The company offers the following services
Picture Post Studios Limited's revenue increased by 144.6% and profit after tax (PAT) rose by 472.89% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 2,832.99 | 843.80 | 1.95 |
| Total Income | 2,654.74 | 1,085.35 | 29.00 |
| Profit After Tax | 343.56 | 59.97 | 21.69 |
| Net Worth | 858.89 | 113.01 | 1.45 |
| Reserves and Surplus | 485.01 | ||
| Total Borrowing | 817.69 | 273.40 | |
| Amount in ₹ Lakhs | |||
The market capitalization of Picturepost Studios IPO is ₹70.32 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 68.03% |
| ROCE | 26.75% |
| Debt/Equity | 0.79 |
| RoNW | 55.64% |
| PAT Margin | 13.29% |
| Price to Book Value | 7.36 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 1.60 | 1.17 |
| P/E (x) | 15.02 | 20.47 |
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
[Dilip Davda] The company claims to be expert in VFX and CGI related services. It posted non-convincing super performance in a pre-IPO year. Though it issued RI at a price of Rs. 11 per share and has no bonus issue history what-so-ever, its NAV data is misleading and missing the impact of RI at premium on acquisition cost for promoters. Based on Super earnings of FY24, the issue appears aggressively priced. Small equity level post-IPO indicates longer gestation period. There is no harm in skipping this “High Risk/Low Return” pricey bet. Read detail review...
| Listing Date | August 9, 2024 |
| BSE Script Code | |
| NSE Symbol | PPSL |
| ISIN | INE0YAL01017 |
| Final Issue Price | ₹24 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹24.00 |
| Open | ₹30.00 |
| Low | ₹28.50 |
| High | ₹31.50 |
| Last Trade | ₹31.50 |
Picturepost Studios Ltd.
701, 7th Floor, Sapphire Building,
Junction of S.V. Rd, Rd & 1st Rd,
Khar (W), Khar Colony
Mumbai, Maharashtra, 400052
Phone: +91 9769199410
Email: investors@picturepoststudio.com
Website: http://www.picturepoststudio.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Picturepost Studios IPO is a SME IPO of 78,00,000 equity shares of the face value of ₹1 aggregating up to ₹18.72 Crores. The issue is priced at ₹24 per share. The minimum order quantity is 6000.
The IPO opens on August 2, 2024, and closes on August 6, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Picturepost Studios IPO using UPI as a payment gateway. Zerodha customers can apply in Picturepost Studios IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Picturepost Studios IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Picturepost Studios IPO opens on August 2, 2024 and closes on August 6, 2024.
Picturepost Studios IPO lot size is 6000, and the minimum amount required for application is ₹1,44,000.
You can apply in Picturepost Studios IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Picturepost Studios IPO will be done on Wednesday, August 7, 2024, and the allotted shares will be credited to your demat account by Thursday, August 8, 2024. Check the Picturepost Studios IPO allotment status.
The Picturepost Studios IPO listing date is on Friday, August 9, 2024.
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