Basilic Fly Studio Limited IPO Detail
Incorporated in 2016, Basilic Fly Studio Limited is a visual effects (VFX) studio headquartered in Chennai, India with subsidiaries operating in Canada and the UK.
Basilic Fly Studio provides VFX solutions for movies, TV, net series, and commercials. BFS' service list includes
- Final Compositing and Rotoscopy,
- Camera/ Body Tracking and Rotomation/ Object Tracking,
- Paint And Preparation,
- Previs or Previsualization,
- Computer Graphics, and
- Onset Supervision.
The company has over 500 skilled individuals and has offices in Pune, London, and Vancouver.
Basilic Fly Studio recorded Rs. 7,895.15 lacs in Total Revenue in fiscal 2022-23.
Company Promoters
Mr. Balakrishnan and Ms. Yogalakshmi S are promoters of the company.IPO Details
| IPO Opening Date | Sep 01, 2023 |
| IPO Closing Date | Sep 05, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹92 - 97 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | NSE SME |
| Issue Size | ₹66.35 Cr |
| Fresh Issue | ₹60.53 Cr |
| Offer for Sale | ₹5.82 Cr |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 7.18x | - | - | 27.40x | 49.32x | 32.58x |
| Day 2 | 16.14x | - | - | 121.70x | 215.04x | 138.21x |
| Day 3 | 116.34x | - | - | 549.44x | 415.22x | 358.60x |
IPO Tentative Timetable
The Basilic Fly Studio Limited IPO open date is Sep 01, 2023, and the close date is Sep 05, 2023. The issue may list on Sep 13, 2023.
| IPO Open Date | Sep 01, 2023 |
| IPO Close Date | Sep 05, 2023 |
| Basis of Allotment Date | Sep 08, 2023 |
| Initiation of Refunds | Sep 11, 2023 |
| Credit of Shares to Demat Account | Sep 12, 2023 |
| IPO Listing Date | Sep 13, 2023 |
IPO Lot Size
The Basilic Fly Studio Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹116400).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹116400 |
| Maximum | 1 | 1200 | ₹116400 |
IPO Promoter Holding
| Pre Issue Share Holding | 85.42% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 1571.08 | 2528.78 | 90.10 |
| 31-Mar-23 | 5315.33 | 7895.15 | 2774.02 |
Objects of the Issue:
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- 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 Limited IPO Registrar:
Purva Sharegistry India Pvt Ltd
Basilic Fly Studio Limited IPO Lead Manager(s):
GYR Capital Advisors Private Limited
Company Contact Information:
Basilic Fly Studio Limited
Tower A, KRC Commerzone, Mount Poonamallee Road Porur
Chennai
Chennai
