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The Picture Post Studios IPO opens today, August 2, 2024, and will remain open until August 6, 2024. Here are the key details:
Picture Post Studios specializes in post-production services, including film editing, CGI, visual effects, and video conversion. The company aims to utilize the funds raised through the IPO for purchasing equipment and software, repaying borrowings, and general corporate purposes.
The company has shown significant revenue growth, increasing from ₹29 lakhs in March 2022 to ₹2,197.85 lakhs in March 2024, indicating strong demand for its services.
Investors are encouraged to consider the fundamentals of the company while participating in the IPO.