Basilic Fly Studio, incorporated on January 28, 2016, is a visual effects (VFX) studio headquartered in Chennai, India, with subsidiaries operating in Canada and the UK, which specialize in creating visual experiences that captivate audiences around the world.
| Bidding Dates |
|---|
| 01 Sep 2023 - 05 Sep 2023 |
| Subscription |
|---|
| 286.61x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,16,400 | 1 | 1 | 1200 | 6.8 M | ₹92 - ₹97 | 70.57 % | ₹629.3 M - ₹663.5 M | RHP DOC |
Basilic Fly Studio IPO SUBSCRIPTION STATUS
05 Sep '23Basilic Fly Studio IPO overall subscription rate was 286.61 times the total available shares
Basilic Fly Studio IPO retail subscription rate was 473.75 times in the retail segment
Basilic Fly Studio IPO non-institutional investor subscription rate was 628.36 times in the non-institutional investor category
Basilic Fly Studio IPO Qualified Institutional Bidder subscription rate was 53.09 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
05 Sep 2023 (Day 3) | 473.75x | 628.36x | 53.09x |
04 Sep 2023 (Day 2) | 243.83x | 139.93x | 7.36x |
01 Sep 2023 (Day 1) | 55.9x | 32.52x | 3.28x |
Basilic Fly Studio FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| FY23 | 264.4 | 702.3 | 43.2 | 25.2 |
| FY22 | 7.9 | 238.8 | 18.1 | 11.0 |
| FY21 | 3.4 | 172.7 | -24.2 | -24.5 |
Basilic Fly Studio IPO SUBSCRIPTION STATUS DETAILS
Basilic Fly Studio had 6.8 M shares on offer
Basilic Fly Studio IPO offer price was in the range ₹92 - ₹97
Basilic Fly Studio IPO minimum Investment was ₹116400
Basilic Fly Studio IPO issue size was ₹ 629.3 M - ₹ 663.5 M
Basilic Fly Studio had a minimum lot size of 1200 Shares per application
Basilic Fly Studio NUMBER OF SHARES ON OFFER
Basilic Fly Studio IPO IMPORTANT DATES
| Issue Open Date | 01 Sep 2023 |
| Issue close Date | 05 Sep 2023 |
| Allotment Date | 08 Sep 2023 |
| Refund Date | 11 Sep 2023 |
| Demat Account Credit Date | 12 Sep 2023 |
| Listing Date | 11 Sep 2023 |
| Listing on Exchange(s) | NSE |
| Basilic Fly Studio Allotment Status | Exchange |
Basilic Fly Studio IPO subscription opened on 01 Sep 2023, and closed on 05 Sep 2023
IPO allotment for Basilic Fly Studio was finalized on Friday, 08 Sep 2023
IPO listing for Basilic Fly Studio was on NSE on Monday, 11 Sep 2023
Basilic Fly Studio IPO LISTING GAINS
| Issue Price (adjusted) | 97.0 |
| Listing Open Price | 271.0 |
| Listing Close Price | 284.6 |
| Listing Gain% | 179.4% |
| Current Gain% | 102.1% |
Basilic Fly Studio Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Basilic Fly Studio Ltd. | 196 | 455.5 | 9.3 | 0.3 | 1.1 | 14.6 | 9.1 | 418.4 | 36.7 | 48.8 | 30.4 | 21 | 27.9 |
| Prime Focus Ltd. | 283.3 | 22062.7 | 146.2 | 0.8 | 4.5 | 14.4 | 2.8 | 4783.4 | 25 | 301.4 | 179.9 | 1.9 | 177 |
| PVR INOX Ltd. | 1145.5 | 11248.8 | 25.3 | 0.1 | 1.6 | 4.5 | 2.1 | 6903.9 | 16 | 333.6 | 219.3 | 45.3 | 387 |
| Saregama India Ltd. | 529 | 10199.6 | 46.2 | 5.6 | 9.8 | 12.2 | 8.9 | 1026.9 | -16.5 | 207.1 | 1.4 | 11.4 | 8.2 |
| Tips Music Ltd. | 665.2 | 8504 | 39.6 | 1.5 | 21.6 | 83.4 | 59.9 | 394.3 | 19.6 | 216.7 | 30.1 | 16.8 | 27.1 |
| Panorama Studios International Ltd. | 48.1 | 1193.8 | 85.8 | -1.3 | 3.9 | 4.5 | 1.2 | 317.4 | -13.9 | 10 | -76.2 | 0.6 | -66 |
Basilic Fly Studio INFORMATION ON IPO ISSUE
About Basilic Fly Studio
Basilic Fly Studio, incorporated on January 28, 2016, is a visual effects (VFX) studio headquartered in Chennai, India, with subsidiaries operating in Canada and the UK, which specialize in creating visual experiences that captivate audiences around the world.
Object of the Issue
- Expenditure for setup of studio/facility at Hyderabad and Salem
- Expenditure for adding infrastructure to further strengthen the existing facilities/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/offices located in Vancouver
- General corporate purposes and issue expenses
Basilic Fly Studio - PROMOTERS
| Name |
|---|
| Balakrishnan |
| Yogalakshmi S |
Basilic Fly Studio Lead Manager of the Issue
GYR Capital Advisors Private Limited
info@gyrcapitaladvisors.com
Basilic Fly Studio Registrar to the issue
Purva Sharegistry (India) Private Limited
support@purvashare.com
Basilic Fly Studio Strengths
Advanced technology
The company is well-equipped with advanced equipment and this provides it with an edge over its competitors
Experienced promoters and technically sound operation team
Its promoters have significant industry experience and have been instrumental in the consistent growth of the company. The management and technical professional teams combine expertise and experience for the future development of the company
Basilic Fly Studio Risks
Evolving market
The company operates in an evolving VFX market, which is subject to changing client behaviour and tastes. It depends on audience acceptance of content for which it provides VFX services
Outstanding litigations
There are outstanding litigations involving the company, its promoters and directors, which if determined adversely, may affect the business and financial condition
IPO FAQs
This IPO consists of an offer for sale of up to Rs 5.8 crore, of 600,000 shares. It also consists of a fresh issue of Rs 60.5 crore.
The promoters of the company are Balakrishnan and Yogalakshmi S.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 92.0 - 97.0.
The IPO application opens on Sep 01, 2023 and closes on Sep 05, 2023.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 116,400.0, the maximum value for this IPO is Rs 116,400.0.
This IPO will be allotted on Sep 08, 2023.
The refund will be credited to your account on Sep 11, 2023.
The allotted shares will be credited to your demat on Sep 12, 2023.
Basilic Fly Studio Ltd.’s shares listed on the stock exchanges on Sep 11, 2023.