Picture Post Studios is set to launch a book-built IPO valued at Rs 18.72 crores, which consists entirely of a fresh issue of 78 lakh shares.
The subscription period for the Picture Post Studios IPO opens on August 2, 2024, and closes on August 6, 2024. The allotment is expected to be finalized on Wednesday, August 7, 2024, with the IPO listing on the NSE SME tentatively scheduled for Friday, August 9, 2024.
Picture Post Studios Limited operates in the post-production industry, working on a wide variety of film and television projects. From blockbusters to lower-budget independent films, television series, and made-for-television movies, they contribute to some of the most memorable scores in entertainment history
The price band for the Picture Post Studios IPO is set between ₹22 and ₹24 per share. The minimum lot size for an application is 6000 shares, requiring a minimum investment of ₹144,000 for retail investors. High Net Worth Individuals (HNIs) need to invest in a minimum of 2 lots, which amounts to 12,000 shares or ₹288,000.
Shreni Shares Limited is the book-running lead manager for the Picture Post Studios IPO, with Bigshare Services Pvt Ltd serving as the registrar. Shreni Shares is also acting as the market maker for the IPO.
Picture Post Studios IPO Details:
| Company Name | Picture Post Studios Limited |
| Sector | Post Production |
| IPO Type | SME |
| IPO Open date | 02nd Aug 2024 |
| IPO Close date | 06th Aug 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Picture Post Studios IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 6000 | 1,44,000 |
| HNI (Min) | 2 | 12000 | 2,88,000 |
Picture Post Studios IPO Timeline:
| IPO Open Date | 02nd Aug 2024 |
| IPO Close Date | 06th Aug 2024 |
| Basis of Allotment | 07th Aug 2024 |
| Refund Initiation Date | 08th Aug 2024 |
| Shares Credit to Demat | 08th Aug 2024 |
| Listing Date | 09th Aug 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Picture Post Studios’ financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Postproduction Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Picture Post Studios and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
