The issue is entirely a fresh issue of 78 lakh shares. Picture Post Studios IPO is a book built issue of Rs 18.72 crores.
Picture Post Studios IPO bidding opened for subscription on August 2, 2024 and will close on August 6, 2024. The allotment for the Picture Post Studios IPO is expected to be finalized on Wednesday, August 7, 2024. Picture Post Studios IPO will list on NSE SME with tentative listing date fixed as Friday, August 9, 2024.
Picture Post Studios IPO price band is set at ₹22 to ₹24 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹144,000. The minimum lot size investment for HNI is 2 lots (12,000 shares) amounting to ₹288,000.
Shreni Shares Limited is the book running lead manager of the Picture Post Studios IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Picture Post Studios IPO is Shreni Shares.
About Picture Post Studios Limited
Incorporated in 2019, Picture Post Studios Limited is a company that specializes in movie editing, computer-generated imagery (CGI), visual effects (VFX), video conversion, grading, and mastering films and commercials for various channels and digital platforms.
The company offers a wide range of services for the entertainment industry. It specializes in visual effects, post-production, color grading, motion design, and creating captivating visual experiences for global audiences.
The company offers the following services
- Offline Editing Services
- Computer Generated Imagery (“CGI”)
- Mastering and Quality Check
- Visual Effects (VFX)
- Color Grading
- Creative Editoria
Refer to Picture Post Studios IPO RHP for detailed information.
Picture Post Studios IPO 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 Reservation
Picture Post Studios IPO offers 7,800,000 shares. 1,482,000 (19.00%) to QIB, 1,116,000 (14.31%) to NII, 2,598,000 (33.31%) to RII and 2,208,000 (28.31%) to Anchor investors.| 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 IPO Anchor Investors Details
Picture Post Studios IPO raises Rs 5.30 crore from anchor investors. Picture Post Studios IPO Anchor bid date is August 1, 2024. Picture Post Studios IPO Anchor Investors list| 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 IPO Timeline (Tentative Schedule)
Picture Post Studios IPO opens on August 2, 2024, and closes on August 6, 2024.| 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 IPO Lot Size
Investors can bid for a minimum of 6000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.| 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 Promoter Holding
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 Limited Financial Information (Restated)
Picture Post Studios Limited's revenue increased by 144.6% and profit after tax (PAT) rose by 472.89% between the financial year ending with March 31, 2024 and March 31, 2023.| 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 |
Key Performance Indicator
The market capitalization of Picture Post Studios IPO is Rs 70.32 Cr.KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 68.03% |
| ROCE | 26.75% |
| Debt/Equity | 0.79 |
| RoNW | 55.64% |
| P/BV | 7.36 |
| PAT Margin (%) | 13.29 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.6 | 1.17 |
| P/E (x) | 15.02 | 20.47 |
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.
Objects of the Issue (Picture Post Studios IPO Objectives)
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
- Funding of capital expenditure requirements of the company towards the purchase of equipment and Software;
- Repayment/prepayment of all or certain of our borrowings availed by the company;
- General corporate purposes.
Picture Post Studios Limited Contact Details
701, 7th Floor, Sapphire Building,
Junction of S.V. Rd, Rd & 1st Rd,
Khar (W), Khar Colony- Mumbai-400052
Phone: +91 9769199410
Email: investors@picturepoststudio.com
Website: http://www.picturepoststudio.com/
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