Picture Post Studios IPO: All Important Things To Know

• Picture Post Studios IPO is a book-built issue of Rs 18.72 crores.
• This upcoming IPO bidding opens on August 2 and closes on August 6, 2024.
• Picture Post Studios SME IPO price is set at Rs 22 - Rs 24 per share.
• The minimum investment required Rs 1,44,000.

Picture Post Studios IPO: Synopsis

Picture Post Studios IPO is open for subscription starting Friday, August 2, 2024, and closing on Tuesday, August 6, 2024. This upcoming IPO's price is Rs 22 to Rs 24 per share. The minimum lot size set for the retail category is 6000 shares. 

Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 12000 shares. The minimum investment required for retail category investors is Rs 1,44,000 (24 x 6000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,88,000 (24 x 12000 shares). 

Picture Post Studios IPO is a book-built issue of Rs 18.72 crores. This upcoming IPO is an entirely fresh issue of 78 lakh equity shares. The allotment for this new IPO is expected to be finalised on Wednesday, August 7, 2024.

Picture Post Studios IPO will be listed on NSE SME on Friday, August 9, 2024. Shreni Shares Limited is the book-running lead manager, Bigshare Services Private Limited is the registrar, and Shreni Shares is the market maker for this IPO.

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Picture Post Studios IPO: About the Company 

Picture Post Studios Limited was incorporated in 2019, specialising in movie editing, computer-generated imagery, VFX , video conversion, grading, and mastering films and commercials for various channels and digital platforms. 

The company offers many services for the entertainment industry. It specialises in visual effects, post-production, colour grading, motion design, and creating captivating visual experiences for global audiences. 

Being a VFX studio, they provide various 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 2024, the company had a team of 105 employees.

Picture Post Studios IPO: Objectives

The money raised through this offer will be allocated for the funding the capital expenditure and purchasing of new equipment and software. Additionally, the fund will be used for the repayment of the past borrowings and fulfilling the general corporate purposes. 

Picture Post Studios IPO: Other Important Details

Time-Table of Picture Post Studios IPO 

Picture Post Studios IPO: Financial Metrics (Amt in Rs Lakhs)

Picture Post Studios posted revenue of Rs 2,654.74 lakhs and net profit of Rs 343.56 lakhs for the period ending on 31 Mar 2024. The company’s revenue increased by 144.6% and net profit increased by 472.89% between the financial year ending on 31 Mar 2024 and 31 Mar 2023. 

Minimum Investment: Lot Size Details

Promoters of Picture Post Studios Limited and Their Holdings

The promoters of Picture Post Studios are Mr. Parish Tekriwal, Mr. Shailendra Ishwardas Chandgotia, Ms. Pooja Shailendra Chandgothia, and Ms. Deepa Shailendra Chandgothia. The promoters' shareholdings before the IPO were 93.02%, after the IPO, shareholdings will drop to 68.27%.

Picture Post Studios: Strength of Company

1. Picture Post Studios specialises in movie editing, computer-generated imagery, visual effects, video conversion, grading, and mastering films. 

2. The company’s fundamentals look strong. Its debt-to-equity ratio is 0.79, and Price to book value is 7.36. 

3. Picture Post Studios’s net profit increased by 472.89% between the FY ending with March 31, 2024 and March 31, 2023.

FAQs

1. What are the details of the Picture Post Studios IPO?

Picture Post Studios IPO is a book-built issue of Rs 18.72 crores. This upcoming IPO is an entirely fresh issue of 78 lakh equity shares. The allotment for this new IPO is expected to be finalised on Wednesday, August 7, 2024.

2. Who are the lead managers for the Picture Post Studios IPO?

Shreni Shares Limited is appointed as the book-running lead manager for the IPO.

3. What is the role of Bigshare Services in this IPO?

Bigshare Services Private Limited is the registrar for Picture Post Studios Limited, handling the IPO's administrative aspects.

4. How can I apply for the Picture Post Studios IPO?

The public subscription of this new IPO will open on August 2, 2024. Click here to initiate the application process. 

5. How will the net proceeds from the IPO be utilised?

The funds raised through this IPO will be allocated for capital expenditures and the purchase of new equipment and software. Additionally, the funds will be used to repay past borrowings and fulfil general corporate purposes.

6. How can I check the allotment status of the IPO?

Investors who applied can check the allotment status of the Picture Post Studios Limited IPO by visiting here. For further updates follow Bigul. 

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