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Picture Post Studios Limited IPO (Picture Post Studios IPO) Detail

August 2, 2024 - August 6, 2024

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 opens for subscription on August 2, 2024 and closes on August 6, 2024. The allotment for the Picture Post Studios IPO is expected to be finalized on Wednesday, August 7, 2024. Picture Post Studios IPO will list on NSE SME with tentative listing date fixed as Friday, 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.

Picture Post Studios IPO Details

IPO Date August 2, 2024 to August 6, 2024
Listing Date [.]
Face Value ₹1 per share
Price Band ₹22 to ₹24 per share
Lot Size 6000 Shares
Total Issue Size7,800,000 shares
(aggregating up to ₹18.72 Cr)
Fresh Issue7,800,000 shares
(aggregating up to ₹18.72 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding pre issue21,500,000
Share holding post issue29,300,000
Market Maker portion396,000 shares
Shreni Shares

Picture Post Studios IPO Reservation

Investor Category Shares Offered
QIB Shares OfferedNot more than 50% of the Net Issue
Retail Shares OfferedNot less than 35% of the Net Issue
NII (HNI) Shares OfferedNot less than 15% of the Net Issue

Picture Post Studios IPO Anchor Investors Details

Picture Post Studios IPO raises Rs 5.30 crore from anchor investors. Picture Post Studios IPO Anchor bid date is August 1, 2024.

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 Timeline (Tentative Schedule)

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

Picture Post Studios IPO Lot Size

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

Picture Post Studios IPO Promoter Holding

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%

About Picture Post Studios Limited

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

  1. Offline Editing Services
  2. Computer Generated Imagery ("CGI")
  3. Mastering and Quality Check
  4. Visual Effects (VFX)
  5. Color Grading
  6. Creative Editoria
Being a VFX studio, they provide a wide range of visual effects services. The production team oversees the process, and the artists use software, hardware, and proprietary tools to create outstanding VFX for Web Series, Commercials, Music Videos, and Films.
The company's studio is situated in Khar colony, Mumbai.
As of April 30 2024, the company had 105 employees.

Picture Post Studios Limited Financial Information (Restated)

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 Ended31 Mar 202431 Mar 202331 Mar 2022
Assets2,832.99843.801.95
Revenue2,654.741,085.3529.00
Profit After Tax343.5659.9721.69
Net Worth858.89113.011.45
Reserves and Surplus485.01
Total Borrowing817.69273.40
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Picture Post Studios IPO is Rs 70.32 Cr.

KPI as of March 31, 2024.

KPI Values
ROE68.03%
ROCE26.75%
Debt/Equity0.79
RoNW55.64%
P/BV7.36
PAT Margin (%)13.29
Pre IPO Post IPO
EPS (Rs) 1.61.17
P/E (x) 15.0220.47
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.

Objects of the Issue (Picture Post Studios IPO Objectives)

The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:

  1. Funding of capital expenditure requirements of the company towards the purchase of equipment and Software;
  2. Repayment/prepayment of all or certain of our borrowings availed by the company;
  3. General corporate purposes.

Picture Post Studios IPO Prospectus

Picture Post Studios IPO Rating

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Picture Post Studios Limited Contact Details

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/

Picture Post Studios IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Picture Post Studios IPO - Buy or Not

Picture Post Studios IPO Recommendation Summary

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Picture Post Studios IPO FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Picture Post Studios IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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.

The Picture Post Studios IPO listing date is not yet announced. The tentative date of Picture Post Studios IPO listing is Friday, August 9, 2024.
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