Picture Post Studios IPO is a book-built issue worth Rs 18.72 crores, consisting entirely of a fresh issue of 78 lakh shares.
The IPO opens for subscription on August 2, 2024, and closes on August 6, 2024. The allotment is expected to be finalized on Wednesday, August 7, 2024, with the listing on NSE SME tentatively scheduled for Friday, August 9, 2024.
The price band for Picture Post Studios IPO is set at ₹22 to ₹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) must invest in at least 2 lots (12,000 shares), amounting to ₹288,000.
- Book Running Lead Manager – Shreni Shares Limited
- Registrar of the Issue – Bigshare Services Pvt Ltd
- Market Maker – Shreni Shares.
Below are the details of Picture Post Studios IPO Details, Timeline, Lot Size, Anchor Investor, and Promoter Holding.
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Picture Post Studios IPO 2024 Details
| Attribute | Details |
|---|---|
| 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 |
| Share holding pre issue | 21,500,000 |
| Share holding post issue | 29,300,000 |
| Market Maker portion | 396,000 shares |
Picture Post Studios IPO 2024 Timeline
| Events | Timeline |
|---|---|
| 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 Limited 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 |
|---|---|
| Anchor Investor Shares Offered | 2,208,000 (28.31%) |
| Market Maker Shares Offered | 396,000 (5.08%) |
| QIB Shares Offered | 1,482,000 (19.00%) |
| NII (HNI) Shares Offered | 1,116,000 (14.31%) |
| Retail Shares Offered | 2,598,000 (33.31%) |
| Total Shares Offered | 7,800,000 (100%) |
Picture Post Studios Limited IPO 2024 Promoters
The company’s promoters are Mr. Parish Tekriwal, Mr. Shailendra Ishwardas Chandgotia, Ms. Pooja Shailendra Chandgothia, and Ms. Deepa Shailendra Chandgothia.
| Share Holding Pre Issue | 93.02% |
| Share Holding Post Issue | 68.27% |
Picture Post Studios IPO Anchor Investors
| 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 |
Picture Post Studios Limited IPO 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 | |||
Picture Post Studios Limited IPO 2024 Review
PPSL is a post-production company specializing in film editing, CGI, VFX, video conversion, grading, and mastering for various digital platforms. Established in 2019 as Prodace Solutions LLP, it was renamed and later converted into a private limited company in June 2023. PPSL offers a broad range of services catering to the entertainment industry, including high-end color grading, motion design, and online editing for films, web series, and advertisements.
PPSL is launching its IPO to raise Rs. 18.72 crores by issuing 78 lakh fresh shares at a price band of Rs. 22-24 per share. The IPO opens on August 2, 2024, and closes on August 6, 2024. The proceeds will be used for equipment purchases, debt repayment, and general corporate purposes. Financially, PPSL has shown significant growth, with a notable increase in revenue and profit in FY24, although concerns about the sustainability of this growth remain. Despite a strong track record, the IPO is considered aggressively priced. The company’s market cap post-IPO is expected to be Rs. 70.32 crores.