August 2, 2024 - August 6, 2024

Picture Post Studios IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

Picture Post Studios IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	0	0	0	1	0
%	0.00	0.00	0.00	100.00	0.00

Picture Post Studios IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Avoid

Picture Post Studios IPO Review by Dilip Davda (Avoid)

[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...

Picture Post Studios IPO Peer Comparison

Picture Post Studios Limited peer comparison with similar listed entities. (As on March 31, 2023)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio	Financial statements
Picture Post Studios Limited	1.81	1.81	3.26		90.70	7.36
Phantom Digital Effects Limited	15.97	15.97	37.98	25.23	65.48	10.61	Standalone
Prime Focus Ltd.	-0.82	-0.82	52.34	-171.59	-1.55	2.69	Standalone
Digikore Studios Limited	34.09	34.09	47.20	14.46	113.04	10.44	Standalone

Notes:

The figures for our company are based on Restated Financial Statements for the year ended March 31, 2024.
The figures for the Peer Group are based on the Standalone Financial Statements filed for the financial year ended March 31, 2023.
P/E Ratio has been computed based on their respective closing market price on July 25, 2024 as divided by the Basic EPS as on March 31, 2023.
CMP is the closing prices or the last traded price of respective scripts as on July 25, 2024.
The Issue Price determined by our Company in consultation with the Book Running Lead Manager is justified by our Company

Picture Post Studios IPO Review by Members

Picture Post Studios IPO Reviews, analysis and views by popular members. Read Picture Post Studios Limited IPO reviews by retail investors to find recommended ipo to buy.

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Picture Post Studios IPO Review Summary by Members

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