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Picturepost Studios Limited

SME

Issue Price

₹22- ₹24

per equity share

Issue Size

78 lakhs

equity share

Face Value

₹ 1

per equity share

Market Lot

6000

equity share

Please note

Listing at NSE

Picturepost Studios Limited

Important Dates

IPO Open Date

02 Aug 2024

IPO Close Date

06 Aug 2024

Allotment Date

07 Aug 2024

Initiation of Refunds

08 Aug 2024

Credit of Shares to Demat Account

08 Aug 2024

IPO Listing Date

09 Aug 2024

UPI Mandate Expiry Date

06 Aug 2024

IPO Details

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.

About Picturepost Studios Limited

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.

Parent Organisation

-

Founded

2019

Managing Director

Mr. Parish Tekriwal, Mr. Shailendra Ishwardas Chandgotia, Ms. Pooja Shailendra Chandgothia, and Ms.

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. 

How to apply for IPO

  • Login to your Bigul account and select the issue in the current IPO section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a mandate notification to block funds in your UPI app
  • Approve the mandate request on your UPI and funds will be blocked
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