Picture Post Studios is scheduled to hit the market on August 02, 2024 and close on August 06, 2024. Picture Post Studios plans to raise around ₹18.72 Cr through an IPO with a sale of up to 7,800,000 equity shares of ₹1 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Picture Post Studios Limited, incorporated in 2019, is a Mumbai-based company specializing in movie editing, visual effects (VFX), computer-generated imagery (CGI), video conversion, grading, and mastering for films and commercials. They cater to various channels and digital platforms, offering an extensive array of services tailored for the entertainment industry. Their expertise includes offline editing, CGI, mastering and quality checks, visual effects, color grading, and creative editorial work.
As a dedicated VFX studio, Picture Post Studios boasts a skilled production team that supervises the creation of high-quality visual effects for web series, commercials, music videos, and films. The talented artists leverage advanced software, hardware, and proprietary tools to deliver captivating visual experiences. With a growing workforce of 105 employees as of April 30, 2024, the company is well-positioned to serve global audiences from its studio located in Khar Colony, Mumbai.
Picture Post Studios IPO Details
Picture Post Studios IPO opens on August 02, 2024, and closes on August 06, 2024. The Listing date for Picture Post Studios IPO is on August 09, 2024. The price band for IPO is ₹22 to ₹24 per share and lot size of 6000 Shares.
| IPO Date | August 02, 2024 to August 06, 2024 |
| Listing Date | August 09, 2024 |
| Price | ₹22 to ₹24 per share |
| Lot Size | 6000 Shares |
| Issue Size | ₹18.72 Cr |
| Face Value | ₹1 per share |
Picture Post Studios IPO Tentative Timetable
Picture Post Studios opening date is August 02, 2024 and close date is August 06, 2024. The IPO allotment date is August 07, 2024. Therefund initiation of IPO is on August 08, 2024. The credit of shares in demat account is on August 08, 2024. The listing date is on August 09, 2024.
| Event | Date |
|---|---|
| IPO Opening | August 02, 2024 |
| IPO Closing | August 06, 2024 |
| IPO Allotment Date | August 07, 2024 |
| Refund Initiation | August 08, 2024 |
| Shares Credit to Demat | August 08, 2024 |
| Lisiting Date | August 09, 2024 |
Picture Post Studios IPO Lot Size
Lot Size of this IPO is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹144,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 6000 | ₹144,000 |
| Retail(Maximum) | 13 | 6000 | ₹144,000 |
| S-HNI (Minimum) | 14 | 12000 | ₹288,000 |
Picture Post Studios IPO Promoter Holding
| Pre Issue Share Holding | 93.02% |
| Post Issue Share Holding | 68.27% |
Picture Post Studios IPO Review
Picture Post Studios Ltd. (PPSL) is a dynamic post-production company specializing in film editing, Computer Generated Imagery (CGI), visual effects (VFX), video conversion, grading, and mastering for digital platforms. Founded in 2019 as Prodace Solutions LLP, the company has undergone multiple transformations before becoming PPSL in 2023. PPSL offers a wide range of post-production services to cater to the needs of the entertainment industry, including films, web series, and advertisements. With a team of skilled professionals, state-of-the-art equipment, and advanced software, the company strives to deliver high-quality post-production services that bring directors' visions to life. As of April 30, 2024, PPSL had 105 employees, reflecting its commitment to maintaining a robust workforce to meet the diverse demands of its clients.
The financial performance of PPSL has shown a dramatic increase in the pre-IPO year, raising concerns about the sustainability of this growth. In FY22, the company reported a total income of Rs. 0.29 crore and a net profit of Rs. 0.22 crore, while in FY23, it reported a total income of Rs. 10.85 crore and a net profit of Rs. 0.60 crore. For the period ending March 31, 2024, PPSL reported a total income of Rs. 26.55 crore and a net profit of Rs. 3.44 crore. Despite this growth, the company's average EPS is Rs. 1.02, and the average RoNW is 294.82%.
The IPO, priced at Rs. 22-24 per share, aims to raise Rs. 18.72 crore, with the proceeds allocated for purchasing equipment and software, repaying borrowings, and general corporate purposes. The company's post-IPO paid-up capital will increase to Rs. 2.93 crore, resulting in a market cap of Rs. 70.32 crore at the upper price band. However, given the inconsistencies in the offer document and the aggressive pricing, investors should be cautious about this high-risk, low-return investment.
Picture Post Studios IPO Subscription Status (Bidding Details)
Table not foundPicture Post Studios IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Picture Post Studios IPO FAQs
What is Picture Post Studios IPO?
Picture Post Studios is issuing 7,800,000 equity shares with a face value of ₹1 each, totaling up to ₹18.72 Cr. The shares are being offered at a price of ₹22 to ₹24 each, with a minimum order quantity of 6000 shares.
Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Picture Post Studios IPO will open?
Picture Post Studios will open on August 02, 2024 for QIB, NII, and Retail Investors.
When Picture Post Studios IPO will end?
Picture Post Studios will end on August 06, 2024.
What is Picture Post Studios IPO Size?
Picture Post Studios IPO size is ₹18.72 Cr.
What is Picture Post Studios IPO Price Band?
Picture Post Studios price band is ₹22 to ₹24 per share.
What is the Picture Post Studios IPO Allotment Date?
Picture Post Studios allotment date is August 07, 2024.
What is the Picture Post Studios IPO Listing Date?
Picture Post Studios listing date is August 09, 2024. The IPO is to be listed on BSE and NSE.
How to Picture Post Studios IPO through Zerodha?
To apply for the IPO “Picture Post Studios” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Picture Post Studios IPO through Upstox?
To apply for the IPO “Picture Post Studios” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Picture Post Studios IPO Allotment Status?
July 30, 2024For Picture Post Studios IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Picture Post Studios IPO GMP?
You can check out here: Picture Post Studios IPO GMP