Bookbuilding IPO | ₹19 Cr | Listed at NSE SME | Fri, Aug 2, 2024 - Tue, Aug 6, 2024
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 per share. The lot size for an application is 6,000. The minimum amount of investment required by an retail is ₹1,44,000 (6000 shares) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Aug 2, 2024
IPO Close
Tue, Aug 6, 2024
Issue Price
₹24 per share
Market Cap (Pre-IPO)
₹70.32 Cr
| IPO Date | 2 to 6 Aug, 2024 |
| Listed on | Fri, Aug 9, 2024 |
| Face Value | ₹1 per share |
| Price Band | ₹22 to ₹24 |
| Issue Price | ₹24 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 78,00,000 shares (agg. up to ₹19 Cr) |
| Reserved for Market Maker | 3,96,000 shares Shreni Shares Ltd. (agg. up to ₹0.9504 Cr) |
| Fresh Issue (Ex Market Maker) | 74,04,000 shares (agg. up to ₹18 Cr) |
| Net Offered to Public | 74,04,000 shares (agg. up to ₹18 Cr) |
| Share Holding Pre Issue | 2,15,00,000 shares |
| Share Holding Post Issue | 2,93,00,000 shares |
| NSE Symbol | PPSL |
| ISIN | INE0YAL01017 |
Picturepost Studios IPO comprises a total issue size of 78,00,000 shares. The net offer to the public is 74,04,000 shares, after excluding 3,96,000 shares allotted on a firm basis. Of the Net offer 36,90,000 (49.84%) are allocated to QIB, 11,16,000 (15.07%) allocated to NII 25,98,000 (35.09%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 36,90,000 | 49.84% | 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 | 15.07% | 14.31% |
| Retail Shares Offered | 25,98,000 | 35.09% | 33.31% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,96,000 | 5.08% | |
| Total Shares Offered | 78,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| 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 |
Picturepost Studios IPO raises ₹5.30 crore from anchor investors. Picturepost Studios IPO Anchor bid date is August 1, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Aug 1, 2024 |
| Shares Offered | 22,08,000 |
| Anchor Portion (₹ Cr.) | 5.30 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Sep 6, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Nov 5, 2024 |
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
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 28.33 | 8.44 | 0.02 |
| Total Income | 26.55 | 10.85 | 0.29 |
| Profit After Tax | 3.44 | 0.60 | 0.22 |
| NET Worth | 8.59 | 1.13 | 0.01 |
| Reserves and Surplus | 4.85 | ||
| Total Borrowing | 8.18 | 2.73 | |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure requirements of our Company towards purchase of equipment and Software | 8.04 |
| 2 | Repayment/prepayment of all or certain of our borrowings availed by our Company | 5.00 |
| 3 | General Corporate Purpose | 3.50 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 1.60 | 1.17 |
| P/E (x) | 15.02 | 20.47 |
| Promoter Holding | 93.02% | 68.27% |
| Market Cap | ₹70.32 Cr. |
The Picture Post Studios IPO is subscribed 266.6 times on August 6, 2024 6:19:59 PM (Day 3). The public issue subscribed 308.09 times in the retail category, 101.19 times in the QIB category, and 389.67 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 101.19 | 14,82,000 | 14,99,58,000 |
| NII* | 389.67 | 11,16,000 | 43,48,68,000 |
| Retail | 308.09 | 25,98,000 | 80,04,18,000 |
| Total | 266.6 | 51,96,000 | 1,38,52,44,000 |
Total Application : 1,33,403
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees including underwriting commission | 1.12 |
| 2 | Brokerage, selling, commission and upload fees | 0.01 |
| 3 | Registrar to the issue | 0.02 |
| 4 | Legal Advisors | 0.02 |
| 5 | Advertising and Marketing expenses | 0.03 |
| 6 | Regulators including stock exchanges | 0.04 |
| 7 | Printing and distribution of issue stationery | 0.01 |
| 8 | Others, if any (market making, depositories, marketing fees, secretarial, peer review auditors, etc.) | 0.93 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹24.00 |
| Open | ₹30.00 |
| Low | ₹28.50 |
| High | ₹31.50 |
| Last Trade | ₹31.50 |
Lead Manager Reports
Picturepost Studios IPO is a SME IPO of 78,00,000 equity shares of the face value of ₹1 aggregating up to ₹19 Crores. The issue is priced at ₹24 per share. The minimum order quantity is 6000.
The IPO opens on Fri, Aug 2, 2024, and closes on Tue, Aug 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 Fri, Aug 2, 2024 and closes on Tue, Aug 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 Thu, Aug 8, 2024. Check the Picturepost Studios IPO allotment status.
The Picturepost Studios IPO listing date is on Fri, Aug 9, 2024.
