Picture Post Studios IPO
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 2 Aug 24 – 6 Aug 24 | ₹1,32,000 | 6,000 | ₹22 – ₹24 |
Issue Size | IPO Doc |
|---|---|
| 18.72Cr | RHP PDF |
About Picture Post Studios Limited
| Founded in | 2019 |
| Managing director | Mr. Parish Tekriwal |
| Parent organisation | Picturepost Studios Ltd |
Picture Post Studios Limited (PPSL) is a post-production company that plays a crucial role in the final stages of film and commercial production. Established in 2019 and located in Khar Colony, Mumbai, PPSL specializes in several key areas:
- Film Editing: Cutting and assembling film footage to create a coherent final product.
- Computer-Generated Imagery (CGI): Creating digital effects and animations that enhance or generate imagery.
- Visual Effects (VFX): Adding or modifying visual elements to produce effects that are not possible to capture on camera.
- Video Conversion: Transforming video files into different formats for various platforms.
- Color Grading: Adjusting the color balance and tone of footage to achieve a desired look.
- Mastering: Finalizing the film or commercial for distribution across channels and digital platforms.
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As of April 30, 2024, PPSL employs 105 people and provides services to a diverse range of clients, including those involved in web series, commercials, music videos, and films.
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IPO Details
Picture Post Studios will launch its Initial Public Offering (IPO) to raise Rs 18.72 crores. This IPO involves issuing 78 lakh new shares. Here’s a breakdown of the key details:
- IPO Opening Date: August 2, 2024
- IPO Closing Date: August 6, 2024
- Allotment Date: August 7, 2024
- Listing Date: August 9, 2024
Price Range: The company prices the shares between ₹22 and ₹24 each.
Minimum Lot Size: 6000 shares
Investment Requirements:
- Retail Investors: The minimum investment required is ₹144,000 for 6000 shares.
- High Net-Worth Individuals (HNIs): The minimum investment is ₹288,000, which covers 12,000 shares (2 lots).
Management and Processing:
- Lead Manager: Shreni Shares Limited is handling the overall management of the IPO.
- Registrar: Bigshare Services Pvt Ltd is responsible for managing the paperwork and shareholder records.
- Market Maker: Shreni Shares will also act as the market maker for the IPO.
For comprehensive information about the IPO, including detailed terms and conditions, refer to the Picture Post Studios IPO Red Herring Prospectus (RHP).
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Financial Information (Restated)
Between the financial years ending March 31, 2024, and March 31, 2023, Picture Post Studios Limited saw a significant increase in revenue by 144.6% and a remarkable rise in profit after tax (PAT) by 472.89%.
| 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 | |||
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IPO Timeline
The Picture Post Studios IPO will open on August 2, 2024, and close 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 |
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IPO FAQs
The company specializes in film editing, CGI (computer-generated imagery), visual effects (VFX), video conversion, color grading, and mastering films and commercials.
The company will use the funds raised from the IPO to expand its operations and support other corporate purposes.
The IPO opens for subscription on August 2, 2024, and closes on August 6, 2024.
The company prices the shares between ₹22 and ₹24 each.
The IPO is offering 78 lakh new shares.
For Retail Investors: The minimum investment is ₹144,000 for 6000 shares.
For High Net-Worth Individuals (HNIs): The minimum investment is ₹288,000 for 12,000 shares (2 lots).
The allotment will be finalized on August 7, 2024.
The shares are expected to be listed on the NSE SME on August 9, 2024.
Lead Manager: Shreni Shares Limited,
Registrar: Bigshare Services Pvt Ltd,
Market Maker: Shreni Shares
The company is based in Khar Colony, Mumbai.
