Picturepost Studios Ltd. was incorporated on August 22, 2019. It is a post-production company specialising in film editing, Computer Generated Imagery, visual effects (VFX), video conversion, grading, film, and commercial mastering of channels and digital platforms.
| Bidding Dates |
|---|
| 02 Aug 2024 - 06 Aug 2024 |
| Subscription |
|---|
| 251.51x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,32,000 | 1 | 1 | 6000 | 7.8 M | ₹22 - ₹24 | 68.26 % | ₹171.6 M - ₹187.2 M | RHP DOC |
Picturepost Studios IPO SUBSCRIPTION STATUS
06 Aug '24Picturepost Studios IPO overall subscription rate was 251.51 times the total available shares
Picturepost Studios IPO retail subscription rate was 418.87 times in the retail segment
Picturepost Studios IPO non-institutional investor subscription rate was 520.62 times in the non-institutional investor category
Picturepost Studios IPO Qualified Institutional Bidder subscription rate was 53.63 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
06 Aug 2024 (Day 3) | 418.87x | 520.62x | 53.63x |
05 Aug 2024 (Day 2) | 127.63x | 63.66x | 0x |
02 Aug 2024 (Day 1) | 13.86x | 5.16x | 0x |
Picturepost Studios 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) | Margins |
| Period of July 11, 2023 to March 31, 2024 | 29.2 | 219.8 | 12.0 | -55.6 | 23.7% |
| As at July 10, 2023 | 5.1 | 44.2 | 11.5 | 2.3 | 21.1% |
| FY23 | 8.7 | 108.5 | -2.3 | -10.8 | 10.0% |
| FY22 | 2.2 | 2.9 | 2.6 | 2.6 | 74.8% |
Picturepost Studios IPO SUBSCRIPTION STATUS DETAILS
Picturepost Studios had 7.8 M shares on offer
Picturepost Studios IPO offer price was in the range ₹22 - ₹24
Picturepost Studios IPO minimum Investment was ₹132000
Picturepost Studios IPO issue size was ₹ 171.6 M - ₹ 187.2 M
Picturepost Studios had a minimum lot size of 6000 Shares per application
Picturepost Studios NUMBER OF SHARES ON OFFER
Picturepost Studios IPO IMPORTANT DATES
| Issue Open Date | 02 Aug 2024 |
| Issue close Date | 06 Aug 2024 |
| Allotment Date | 07 Aug 2024 |
| Refund Date | 08 Aug 2024 |
| Demat Account Credit Date | 08 Aug 2024 |
| Listing Date | 09 Aug 2024 |
| Listing on Exchange(s) | NSE |
| Picturepost Studios Allotment Status | Exchange |
Picturepost Studios IPO subscription opened on 02 Aug 2024, and closed on 06 Aug 2024
IPO allotment for Picturepost Studios was finalized on Wednesday, 07 Aug 2024
IPO listing for Picturepost Studios was on NSE on Friday, 09 Aug 2024
Picturepost Studios IPO LISTING GAINS
| Issue Price (adjusted) | 24.0 |
| Listing Open Price | 30.0 |
| Listing Close Price | 31.5 |
| Listing Gain% | 25.0% |
| Current Gain% | -87.9% |
Picturepost Studios 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Picturepost Studios Ltd. | 2.9 | 8.5 | 10.2 | -0.1 | 0.4 | 2.9 | 2.1 | 20.4 | -45.2 | 0.8 | -83.4 | 0.3 | -83.4 |
| Prime Focus Ltd. | 287.6 | 22397.5 | 148.4 | 0.8 | 4.6 | 14.4 | 2.8 | 4783.4 | 25 | 301.4 | 179.9 | 1.9 | 177 |
| PVR INOX Ltd. | 1156 | 11351.9 | 25.5 | 0.1 | 1.7 | 4.5 | 2.1 | 6903.9 | 16 | 333.6 | 219.3 | 45.3 | 387 |
| Saregama India Ltd. | 519.2 | 10010.7 | 45.4 | 5.5 | 9.6 | 12.2 | 8.9 | 1026.9 | -16.5 | 207.1 | 1.4 | 11.4 | 8.2 |
| Tips Music Ltd. | 645.4 | 8249.6 | 38.4 | 1.4 | 20.9 | 83.4 | 59.9 | 394.3 | 19.6 | 216.7 | 30.1 | 16.8 | 27.1 |
| Panorama Studios International Ltd. | 48.3 | 1198.2 | 86.1 | -1.3 | 3.9 | 4.5 | 1.2 | 317.4 | -13.9 | 10 | -76.2 | 0.6 | -66 |
Picturepost Studios INFORMATION ON IPO ISSUE
About Picturepost Studios
Picturepost Studios Ltd. was incorporated on August 22, 2019. It is a post-production company specialising in film editing, Computer Generated Imagery, visual effects (VFX), video conversion, grading, film, and commercial mastering of channels and digital platforms.
Object of the Issue
- Funding of capital expenditure requirements of the company towards purchase of equipment and software
- Repayment/prepayment of all or certain of our borrowings availed by the company
- General corporate purposes
Picturepost Studios - PROMOTERS
| Name |
|---|
| Parish Tekriwal |
| Shailendra Ishwardas Chandgotia |
| Pooja Shailendra Chandgothia |
Picturepost Studios Lead Manager of the Issue
Shreni Shares Limited
shrenishares@gmail.com
Picturepost Studios Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Picturepost Studios Strengths
Relationship with marquee Clients
The company has developed and maintained long-term relationships with its producers, production houses, filmmakers, and advertisers which helps in achieving organisational goals, increasing revenue, and brand image
Enrolled as trusted partner
It is a Trusted Partner Network (TPN) certified VFX provider. TPN helps companies prevent leaks, breaches, and hacks of their clients’ movies and television shows before their intended release and seeks to raise security awareness.
Technology-focused
The company focuses on technological developments to ensure that the producers, directors, and advertisers have a ‘hassle-free’ and smooth execution and final stage experience.
Picturepost Studios Risks
Constantly evolving market
The company operates in a constantly evolving VFX market, which is subject to rapidly changing clients' behaviour and tastes and depends on the acceptance of content by the audience through which it gains the long-term popularity of its name
Dependence on sepcific segemnt
The company derives a significant amount of revenue from the post-production services for advertisement. Any decrease in revenue from advertisement services will adversely affect the business, cash flows, financial condition, and results of operations.
IPO FAQs
The promoters of the company are Parish Tekriwal, Shailendra Ishwardas Chandgotia and Pooja Shailendra Chandgothia.
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 22.0 - 24.0.
The IPO application opens on Aug 02, 2024 and closes on Aug 06, 2024.
The minimum lot size for the IPO is 6000. The maximum lot size for the IPO is 6000.
For all category investors, the minimum application amount for this IPO is Rs. 132,000.0, the maximum value for this IPO is Rs 144,000.0.
This IPO will be allotted on Aug 07, 2024.
The refund will be credited to your account on Aug 08, 2024.
The allotted shares will be credited to your demat on Aug 08, 2024.
Picturepost Studios Ltd.’s shares listed on the stock exchanges on Aug 09, 2024.