Basilic Fly Studio IPO GMP, Price, Dates & Allotment Details 2023
Introduction
The Basilic Fly Studio IPO opens on September 1 and closes on September 5, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 66.35 crore through this public offering, consisting of 68.40 lakhs shares with a face value of ₹ 10 each, which will be issued at a price of ₹ 92 to ₹ 97 per share.
Basilic Fly Studio Limited (“the Company”)
Basilic Fly Studio Limited, incorporated in 2016, specializes in creating mesmerizing visual experiences for audiences around the world. The company has over a decade of experience pushing the boundaries of creativity and technology to deliver exceptional VFX solutions for films, TV, net series, and commercials.
With a team of skilled artists, dedication towards investing in the latest technology, and a proven track record of serving clients from various regions and countries, BFS has earned a reputation as one of the notable names in the VFX industry. Its functions span across all platforms and end-users.
Company Key Metrics
| Earning Per Share (EPS) | ₹ 16.32 per Equity Share |
| ROE | 155.63% |
| ROCE | 104.73% |
| Return on Net Worth (RoNW) | 87.59% |
Objects of the Issue,
The company proposes utilising the Fresh Issue’s net proceeds towards funding the following objects:
- Expenditure for the setup of studios or facilities in Hyderabad and Salem
- Expenditure for adding infrastructure to further strengthen the existing facilities and offices of the company located in Chennai and Pune
- Making investments through equity in the subsidiaries for expansion of workspace by acquiring new office space located in London and strengthening the existing facilities and offices located in Vancouver.
- General Corporate Purposes and Issue Expenses
Financial Highlights (Restated)
| Particulars | FY 2022-23 | FY 2021-22 |
|---|---|---|
| Net Worth | 3166.98 | 394.16 |
| Total Assets | 5315.33 | 1571.08 |
| Total Borrowings | 427.08 | 413.23 |
| Total Revenue | 7895.15 | 2528.78 |
| Profit After Tax | 2774.02 | 90.10 |
IPO details
| Issue Type | Book Built Issue IPO |
| IPO Price | ₹ 92 to ₹ 97 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 1,200 shares |
| Issue Size | 6,840,000 shares (aggregating up to ₹ 66.35 crores) |
| Fresh Issue | 6,240,000 shares (aggregating up to ₹ 60.53 crores) |
| Offer for Sale | 600,000 shares (aggregating up to ₹ 5.82 crores) |
| Listing At | NSE SME |
Market Maker detail
| Market maker | Share India Securities |
| Market maker portion | 1,026,000 shares |
IPO Reservation
| Categories | No. of shares offered |
|---|---|
| QIB shares offered | Not more than 50% of the net offer |
| NII (HNI) shares offered | Not less than 15% of the net offer |
| Retail shares offered | Not less than 35% of the offer |
GMP: Basilic Fly Studio IPO
GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates: Basilic Fly Studio IPO
The issue opens for subscription on September 1, 2023, and closes for subscription on September 5, 2023 (both days inclusive). The basis of allotment will be finalised on September 8, 2023, and the refunds will be initiated on September 11, 2023. In addition, the demat credits are expected to happen on September 12, 2023, and the stock will be listed on the NSE SME on September 13, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.
| Opening Date | September 1, 2023 |
| Closing Date | September 5, 2023 |
| Basis of Allotment | September 8, 2023 |
| Initiation of Refunds | September 11, 2023 |
| A credit of shares to Demat A/c | September 12, 2023 |
| Listing Date | September 13, 2023 |
Lot Size
The lot size of the Basilic Fly Studio IPO is 1,200 shares. A retail-individual investor can apply for up to 1 lot, i.e. 1,200 shares of ₹ 116,400.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 1,200 | ₹ 116,400 |
| Retail (Maximum) | 1 | 1,200 | ₹ 116,400 |
| HNI (Minimum) | 2 | 2,400 | ₹ 232,800 |
Promoters Holdings
Mr. Balakrishnan and Ms. Yogalakshmi S are the promoters of the company.
| Pre-issue Shares Holdings | 85.42% |
| Post-issue Shares Holdings |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP |
| Company Contact Information | Basilic Fly Studio Limited Tower A, KRC Commerzone, Mount Poonamallee Road Porur, Chennai – 600116 Phone: + 91 94164 22201 Email: cs@basilicfly.com Website: http://www.basilicflystudio.com/ |
| IPO Registrar | Purva Sharegistry India Pvt Ltd Phone: +91-022-23018261/ 23016761 Email: support@purvashare.com Website: https://www.purvashare.com/queries/ |
| IPO Lead Manager(s) | GYR Capital Advisors Private Limited |
