Picture Post Studios IPO  Details

An Initial Public Offering (IPO) is a process where a company issues new shares to the public for the first time. By doing so, the company raises capital to fund its growth and expansion plans. Picture Post Studios Limited is a company specializing in VFX (Visual Effects) and CGI (Computer-Generated Imagery) services, and their upcoming IPO will allow them to raise funds to purchase new equipment and software, potentially furthering their growth trajectory.

Key Details of the Picture Post Studios IPO

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
Shareholding pre-issue 21,500,000
Shareholding post issue 29,300,000
Market Maker portion 396,000 shares
IPO Date August 2, 2024 to August 6, 2024
Price Band ₹22 to ₹24 per share

Important dates for Picture Post Studios IPO

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

Company Background

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, colour 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 Editorial
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 has 105 employees.

IPO GMP (Grey Market Premium)

The Grey Market Premium (GMP) refers to the unofficial premium that a company’s shares trade for in the unlisted market before the official listing on the stock exchange. It’s important to note that GMP is not an indicator of a company’s future performance and should only be considered one factor among many when making investment decisions. You can find more information about the Picture Post Studios IPO GMP on financial websites.

Picture Post Studios Day-wise IPO GMP Trend

GMP Date IPO Price GMP Sub2 Sauda Rate Estimated Listing Price Last Updated
06-08-2024 Close 24.00 ₹10  45600 ₹34 (41.67%) 6-Aug-2024
05-08-2024 24.00 ₹10  45600 ₹34 (41.67%) 5-Aug-2024
04-08-2024 24.00 ₹17  77500 ₹41 (70.83%) 4-Aug-2024
03-08-2024 24.00 ₹17  77500 ₹41 (70.83%) 3-Aug-2024
02-08-2024 Open 24.00 ₹17  77500 ₹41 (70.83%) 2-Aug-2024
01-08-2024 24.00 ₹17   77500 ₹41 (70.83%) 1-Aug-2024
31-07-2024 24.00 ₹15   68400 ₹39 (62.5%) 31-Jul-2024

Picture Post Studios IPO Subscription Status

Picture Post Studios IPO subscribed 189.16 times. The public issue subscribed 246.49 times in the retail category, 56.08 times in QIB, and 232.43 times in the NII category by August 6, 2024.

Picture Post Studios IPO Allotment Status Online

Picture Post Studios IPO allotment is expected on August 7, 2024.

Picture Post Studios IPO allotment status is not available at this time. Picture Post Studios IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Picture Post Studios Limited’s IPO allotment status.

To check Picture Post Studios IPO allotment status, follow the steps below:

  1. Click on the below allotment status check button.
  2. Select Company Name.
  3. Enter your PAN Number, Application Number or DP Client ID (Anyone).
  4. Click on Search.

On securing the allotment, you will receive the credit of equivalent shares in your Demat account.

If you have any concerns or queries about the allotment status, contact Bigshare Services Pvt Ltd either by phone or email. Investors can call on +91-22-6263 8200 or send an email with all relevant details to ipo@bigshareonline.com.

IPO Reviews and Analysis

Several financial websites and analysts have published reviews and analyses of the Picture Post Studios IPO. These reviews can provide valuable insights into the company’s financials, future prospects, and potential risks. It’s recommended to conduct your own research and consult with a financial advisor before making any investment decisions.

Why Consider Investing in the Picture Post Studios IPO?

  • Here are some potential reasons to consider investing in the Picture Post Studios IPO:
  • High-Growth Industry: The VFX and CGI industry is expected to experience significant growth in the coming years.
  • Strong Financial Performance: The company’s recent financial performance indicates strong growth potential.
  • Fund for Expansion: The IPO proceeds will be used to fund the company’s expansion plans, potentially leading to future growth.

Risks Associated with the Picture Post Studios IPO

  • As with any investment, there are inherent risks associated with the Picture Post Studios IPO. Here are some factors to consider:
  • Aggressive Pricing: The IPO price band may be considered aggressive compared to the company’s financials.
  • Competition: The VFX and CGI industry is competitive, and Picture Post Studios may face challenges from established players.
  • Dependence on Key Personnel: The company’s success may depend heavily on the skills and expertise of its key personnel.

Conclusion

The Picture Post Studios IPO presents a potential opportunity for investors to participate in the growth of a company in the high-demand VFX and CGI industry. However, it’s crucial to carefully consider the associated risks before making any investment decisions. Conduct thorough research, analyze the company’s financials, and consult with a financial advisor to determine if the Picture Post Studios IPO aligns with your investment goals and risk tolerance.

Disclaimer

This content is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions