Picturepost Studios Limited

02 Aug 2024 - 06 Aug 2024 Individual Category SME NSE

Min Investment

₹144000

Price Band

₹22-₹24

Issue Size

55.92 lakhs
Equity Shares

Lot Size

6000

IPO Dates
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02 Aug 2024

Open Date

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06 Aug 2024

Close Date

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07 Aug 2024

Allotment Date

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09 Aug 2024

Listing Date

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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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.

Founded

2019

Managing Director

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

Parent Organization

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. 

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

How to Apply for IPO

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IPO Allotment

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