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Basilic Fly Studio IPO GMP, Price, Dates & Allotment Details 2023

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
ROE155.63%
ROCE104.73%
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:

  1. Expenditure for the setup of studios or facilities in Hyderabad and Salem
  2. Expenditure for adding infrastructure to further strengthen the existing facilities and offices of the company located in Chennai and Pune
  3. 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.
  4. General Corporate Purposes and Issue Expenses

Financial Highlights (Restated)

ParticularsFY 2022-23FY 2021-22
Net Worth3166.98394.16
Total Assets5315.331571.08
Total Borrowings427.08413.23
Total Revenue7895.152528.78
Profit After Tax2774.0290.10
(Amount in ₹ Lakhs)

IPO details

Issue TypeBook Built Issue IPO
IPO Price₹ 92 to ₹ 97 per share
Face Value₹ 10 per share
Market Lot1,200 shares
Issue Size6,840,000 shares (aggregating up to ₹ 66.35 crores)
Fresh Issue6,240,000 shares (aggregating up to ₹ 60.53 crores)
Offer for Sale600,000 shares (aggregating up to ₹ 5.82 crores)
Listing AtNSE SME

Market Maker detail

Market makerShare India Securities
Market maker portion1,026,000 shares

IPO Reservation

CategoriesNo. of shares offered
QIB shares offeredNot more than 50% of the net offer
NII (HNI) shares offeredNot less than 15% of the net offer
Retail shares offeredNot 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 DateSeptember 1, 2023
Closing DateSeptember 5, 2023
Basis of AllotmentSeptember 8, 2023
Initiation of RefundsSeptember 11, 2023
A credit of shares to Demat A/cSeptember 12, 2023
Listing DateSeptember 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.

ApplicationsLotsSharesAmount 
Retail (Minimum)11,200₹ 116,400
Retail (Maximum)11,200₹ 116,400
HNI (Minimum)22,400₹ 232,800

Promoters Holdings 

Mr. Balakrishnan and Ms. Yogalakshmi S are the promoters of the company.

Pre-issue Shares Holdings85.42%
Post-issue Shares Holdings

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
Company Contact InformationBasilic Fly Studio Limited
Tower A, KRC Commerzone, Mount Poonamallee Road Porur, Chennai – 600116
Phone: + 91 94164 22201
Email: [email protected]
Website: http://www.basilicflystudio.com/
IPO RegistrarPurva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: [email protected]
Website: https://www.purvashare.com/queries/
IPO Lead Manager(s)GYR Capital Advisors Private Limited

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