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20 Nov 2024
Picture Post Studios Limited IPO And Its GMP
Picture post Studios Limited was established in the year 2019 & it is a creative and innovative post-production company specializing in film editing, Computer Generated Imagery (CGI), visual effects (“VFX”), video conversion, grading, film and Commercial mastering of channels and digital platforms. Picture post Studios, with a team of professionals, offers a wide range of services to cater to the diverse needs of the entertainment industry.
They are one of the visual effects companies covering the entire spectrum of post-production requirements ranging from digital intermediates and visual effects to online editorials and operates as a studio, specializing in Films, Web series and advertisements, With a strong focus on high-end color grading, motion design, visual effects and online editing. Picture Post Studios IPO is a book-built issue of Rs 18.72 crores. The issue is entirely a fresh issue of 78 lakh shares. Picture Post Studios IPO opens for subscription on August 2, 2024 and closes on August 6, 2024. Picture Post Studios IPO price band is set at ₹22 to ₹24 per share. The minimum lot size for an application is 6000 Shares. Shreni Shares Limited is the book-running lead manager of the Picture Post Studios IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Picture Post Studios IPO is Shreni Shares.
WHAT IS GMP?
GMP stands for Grey Market Premium, and if you are planning your IPO then GMP plays an important role. A grey market is a place where stocks/shares get traded before getting officially listed on any stock exchange. The difference between the IPO price and the grey market price is known as GMP (grey market premium). GMP is a premium amount paid at which initial public offering (IPO) shares are traded before it is listed on the stock exchanges.
Picture Post Studios IPO and GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 09-08-2024 | 24.00 | 6.0 (25%) | 9-Aug-2024 11:10 |
| 08-08-2024 | 24.00 | 6.0 (25%) | 8-Aug-2024 11:10 |
| 07-08-2024 | 24.00 | 10.0 (42%) | 7-Aug-2024 11:10 |
| 06-08-2024 | 24.00 | 10.0 (42%) | 6-Aug-2024 10:10 |
| 05-08-2024 | 24.00 | 17.0 (71%) | 5-Aug-2024 12:20 |
| 03-08-2024 | 24.00 | 17.0 (71%) | 3-Aug-2024 12:20 |
| 02-08-2024 | 24.00 | 17 (71%) | 2-Aug-2024 12:14 |
| 01-08-2024 | 24.00 | 17 (71%) | 1-Aug-2024 03:30 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Picture Post Studios IPO Overview
| Detail | Description |
|---|---|
| IPO Date | August 2, 2024 to August 6, 2024 |
| Listing Date | [.] |
| Face Value | ₹1 per share |
| Price Band | ₹22 to ₹24 per share |
| 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 Shreni Shares |
Picture Post Studios IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| 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 |
Picture Post Studios IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹144,000 |
| Retail (Max) | 1 | 6000 | ₹144,000 |
| HNI (Min) | 2 | 12,000 | ₹288,000 |
Picture Post Studios IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Picture Post Studios IPO Promoter Holding
| Share Holding Pre Issue | 93.02% |
| Share Holding Post Issue | 68.27% |
Picture Post Studios IPO Anchor Investors Details
| Bid Date | August 1, 2024 |
| Shares Offered | 2,208,000 |
| Anchor Portion Size (In Cr.) | 5.30 |
| Anchor lock-in period end date for 50% shares (30 Days) | September 6, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | November 5, 2024 |
Company & Financials
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, color 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's studio is situated in Khar Colony, Mumbai.
Picture Post Studios Limited Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||||||||||||
| Assets | 2,832.99 | 843.80 | 1.95 | |||||||||||||||||||||||||||||||||||||
| Revenue | 2,654.74 | 1,085.35 | 29.00 | |||||||||||||||||||||||||||||||||||||
| Profit After Tax | 343.56 | 59.97 | 21.69 | |||||||||||||||||||||||||||||||||||||
| Net Worth | 858.89 | 113.01 | 1.45 | |||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 485.01 | |||||||||||||||||||||||||||||||||||||||
| Total Borrowing | 817.69 | 273.40 | ||||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 68.03% |
| ROCE | 26.75% |
| Debt/Equity | 0.79 |
| RoNW | 55.64% |
| P/BV | 7.36 |
| PAT Margin (%) | 13.29 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.6 | 1.17 |
| P/E (x) | 15.02 | 20.47 |
Objectives of Picture Post Studios IPO
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objectives:
- 1. Funding of capital expenditure requirements of the company towards the purchase of equipment and Software.
- 2. Repayment/prepayment of all or certain of our borrowings availed by the company.
- 3. General corporate purposes.
Picture Post Studios IPO Review
The company claims to be an expert in VFX and CGI-related services. It posted a non-convincing super performance in a pre-IPO year. Though it issued RI at Rs. 11 per share and has no bonus issue history whatsoever, its NAV data is misleading and missing the impact of RI at a premium on acquisition cost for promoters. Based on the Super earnings of FY24, the issue appears aggressively priced. A small equity level post-IPO indicates a longer gestation period. There is no harm in skipping this “High Risk/Low Return” pricey bet.
FAQs for Picture post Studios IPO
-
What is Picture post Studios IPO?
Picture post Studios IPO is an NSE SME IPO. They are going to raise ₹18.72 Crores via IPO. The issue is priced at ₹22 to ₹24 per equity share. The IPO is to be listed on NSE.
-
When will the Picture post Studios IPO open?
The IPO is to open on August 2, 2024 for QIB, NII, and Retail Investors.
-
What is Picture post Studios IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is Picture post Studios IPO Price Band?
Picture post Studios IPO Price Band is ₹22 to ₹24 per equity share.
-
What is Picture post Studios IPO Minimum and Maximum Lot Size?
The IPO bid is 6000 shares with ₹144,000.
-
What is Picture post Studios IPO Allotment Date?
Picture post Studios IPO allotment date is August 7, 2024.
-
What is Picture post Studios IPO Listing Date?
Picture post Studios IPO listing date is August 9, 2024. The IPO to list on NSE SME.
-
What is Picture post Studios IPO Size?
Picture post Studios IPO size is ₹18.72 crores.
-
What is the current GMP of Picturepost Studios IPO?
The current GMP of Picturepost Studios IPO is 6.0 (25%).
RHP:
RHP of Picture Post Studios Limited IPO
DRHP:
DRHP of Picture Post Studios Limited IPO
-
What is Picture post Studios IPO?
Picture post Studios IPO is an NSE SME IPO. They are going to raise ₹18.72 Crores via IPO. The issue is priced at ₹22 to ₹24 per equity share. The IPO is to be listed on NSE.
-
When will the Picture post Studios IPO open?
The IPO is to open on August 2, 2024 for QIB, NII, and Retail Investors.
-
What is Picture post Studios IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is Picture post Studios IPO Price Band?
Picture post Studios IPO Price Band is ₹22 to ₹24 per equity share.
-
What is Picture post Studios IPO Minimum and Maximum Lot Size?
The IPO bid is 6000 shares with ₹144,000.
-
What is Picture post Studios IPO Allotment Date?
Picture post Studios IPO allotment date is August 7, 2024.
-
What is Picture post Studios IPO Listing Date?
Picture post Studios IPO listing date is August 9, 2024. The IPO to list on NSE SME.
-
What is Picture post Studios IPO Size?
Picture post Studios IPO size is ₹18.72 crores.
-
What is the current GMP of Picturepost Studios IPO?
The current GMP of Picturepost Studios IPO is 6.0 (25%).
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