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Picture Post Studios IPO is a book built issue of Rs 18.72 crores. The issue is entirely a fresh issue of 78 lakh shares.
Picture Post Studios IPO bidding started from August 2, 2024 and ended on August 6, 2024. The allotment for Picture Post Studios IPO was finalized on Wednesday, August 7, 2024. The shares got listed on NSE SME on August 9, 2024.
Picture Post Studios IPO price band is set at ₹22 to ₹24 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹144,000. The minimum lot size investment for HNI is 2 lots (12,000 shares) amounting to ₹288,000.
Shreni Shares Limited is the book running lead manager of the Picture Post Studios IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Picture Post Studios IPO is Shreni Shares.
Refer to Picture Post 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 |
| Price Band | ₹22 to ₹24 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 7,800,000 shares (aggregating up to ₹18.72 Cr) |
| Fresh Issue | 7,800,000 shares (aggregating up to ₹18.72 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 21,500,000 |
| Share holding post issue | 29,300,000 |
| Market Maker portion | 396,000 shares Shreni Shares |
Picture Post Studios IPO offers 7,800,000 shares. 1,482,000 (19.00%) to QIB, 1,116,000 (14.31%) to NII, 2,598,000 (33.31%) to RII and 2,208,000 (28.31%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 2,208,000 (28.31%) |
| Market Maker Shares Offered | 396,000 (5.08%) |
| QIB Shares Offered | 1,482,000 (19.00%) |
| NII (HNI) Shares Offered | 1,116,000 (14.31%) |
| Retail Shares Offered | 2,598,000 (33.31%) |
| Total Shares Offered | 7,800,000 (100%) |
Picture Post Studios IPO raises Rs 5.30 crore from anchor investors. Picture Post Studios IPO Anchor bid date is August 1, 2024. Picture Post Studios IPO Anchor Investors list
| Bid Date | August 1, 2024 |
| Shares Offered | 2,208,000 |
| 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 |
Picture Post Studios IPO opens on August 2, 2024, and closes on August 6, 2024.
| IPO Open Date | Friday, August 2, 2024 |
| IPO Close Date | Tuesday, August 6, 2024 |
| Basis of Allotment | Wednesday, August 7, 2024 |
| Initiation of Refunds | Thursday, August 8, 2024 |
| Credit of Shares to Demat | Thursday, August 8, 2024 |
| Listing Date | Friday, August 9, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 6, 2024 |
Investors can bid for a minimum of 6000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹144,000 |
| Retail (Max) | 1 | 6000 | ₹144,000 |
| HNI (Min) | 2 | 12,000 | ₹288,000 |
| Lot Size Calculator | |||
The company's promoters are Mr. Parish Tekriwal, Mr. Shailendra Ishwardas Chandgotia, Ms. Pooja Shailendra Chandgothia, and Ms. Deepa Shailendra Chandgothia.
| Share Holding Pre Issue | 93.02% |
| Share Holding Post Issue | 68.27% |
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 |
| Revenue | 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 Picture Post Studios IPO is Rs 70.32 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 68.03% |
| ROCE | 26.75% |
| Debt/Equity | 0.79 |
| RoNW | 55.64% |
| P/BV | 7.36 |
| PAT Margin (%) | 13.29 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.6 | 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...
The Picture Post Studios IPO is subscribed 266.60 times on August 6, 2024 6:19:59 PM. 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) |
|---|---|
| QIB | 101.19 |
| NII | 389.67 |
| Retail | 308.09 |
| Total | 266.60 |
Total Application : 133,403 (308.09 times)
| Listing Date | August 9, 2024 |
| BSE Script Code | |
| NSE Symbol | PPSL |
| ISIN | INE0YAL01017 |
| Final Issue Price | ₹24 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹24.00 |
| ₹30.00 |
| ₹28.50 |
| ₹31.50 |
| ₹31.50 |
Picture Post Studios Limited
701, 7th Floor, Sapphire Building,
Junction of S.V. Rd, Rd & 1st Rd,
Khar (W), Khar Colony- Mumbai-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
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Check our SME IPO Guide 
Picture Post Studios IPO is a SME IPO of 7,800,000 equity shares of the face value of ₹1 aggregating up to ₹18.72 Crores. The issue is priced at ₹22 to ₹24 per share. The minimum order quantity is 6000 Shares.
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 Picture Post Studios IPO using UPI as a payment gateway. Zerodha customers can apply in Picture Post Studios IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Picture Post Studios IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Picture Post Studios IPO opens on August 2, 2024 and closes on August 6, 2024.
Picture Post Studios IPO lot size is 6000 Shares, and the minimum amount required is ₹144,000.
You can apply in Picture Post Studios IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Picture Post 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 Picture Post Studios IPO allotment status.
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