Basilic Fly Studio Limited IPO : Company Info.

Basilic Fly Studio Limited IPO is set to launch on 1 September, 2023. The company initiated its business operations in the year 2016. It is a VFX studio. The company’s main office is located in Chennai. It has its subsidiary companies in the United Kingdom and Canada. It provides its services to Net Series, TV serials, Commercials, etc.

The company’s service list includes Paint and Preparation, Final Composting and Rotoscopy, Camera Tracking and Object Tracking, Computer Graphics, Previs, Onset Supervision etc. The company employs more than 500 skilled people. 

Basilic Fly Studio Limited IPO DETAILS

Basilic Fly Studio Limited IPO is set to launch on 1 September, 2023. The subscription timeline extends till 5 September, 2023. The size for the IPO is 66.35 Crore Rs. Shares issued through fresh issue mode are worth 60.53 Crore Rs. Shares issued through offer for sale mode are worth Rs 5.82 Crore. The lot size is 1200 shares and the price is 92 Rs to 97 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is Purva Sharegistry India Private Limited.

Tabular Description of Basilic Fly Studio Limited IPO

IPO OPENING DATE	1 September, 2023
CLOSING DATE FOR IPO	5 September, 2023
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	92 Rs to 97 Rs per share
LOT SIZE	1200 shares
MINIMUM ORDER QUANTITY	1200 shares
ISSUE SIZE	66.35 Crore Rs.
OFFER FOR SALE	5.83 Crore Rs.
FRESH ISSUE	60.53 Crore Rs.
LISTING AT	NSE SME
LISTING DATE	13 September, 2023

Basilic Fly Studio Limited IPO : IMPORTANT DATES

IPO OPENING DATE	1 September, 2023
CLOSING DATE FOR IPO	5 September, 2023
IPO ALLOTMENT DATE	8 September, 2023
REFUNDS	11 September, 2023
DEMAT A/C CREDITED ON	12 September, 2023
IPO LISTING DATE	13 September, 2023

Basilic Fly Studio Limited IPO begins for subscription from 1 September, 2023. The IPO subscription would continue till 5 September, 2023. The allotment status for the shareholders who applied would come on 8 September, 2023. The refunds for the ones who did not get allotment would be initiated on 11 September, 2023. The DEMAT accounts of shareholders would be credited on 12 September, 2023. The listing of the company would be completed on 13 September 2023.

Basilic Fly Studio Limited IPO : Lead Managers

The lead managers are :

• GYR Capital Advisors Private Limited

The minimum lot size for the company is decided at 1200 shares. This holding accounts to 116400 Rs.. The maximum lot size is decided at 2400 shares (HNI). This amounts to 232800 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	1200 shares	116400 Rs.
Maximum	2400 shares	232800 Rs.

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2021-22	2022-23
ASSETS	1571	5315
Revenue	2528	7895
PAT	90	2774

Basilic Fly Studio Limited had an asset base of 1571 Lakh Rs in 2022 which increased to 5315 Lakh Rs in 2023. This is a drastic change of 238% in the asset base of the firm. The revenue of the firm has also increased by a major number. The revenue was 2895 Lakh Rs in 2022 which increased to a mighty 7895 Lakh Rs in 2023. This comes around 212% increase in the revenue figures. The major impact has been noticed in the profit of the film. The company’s profit was 90 Lakh Rs in 2022 which increased to a mega 2774 Lakh Rs in 2023. This means that the profit increased by 1982% or 1784 Lakh Rs in the time span of 1 year.

PROS

• It provides its services to Net Series, TV serials, Commercials, etc.
• The company’s service list includes Paint and Preparation, Final Composting and Rotoscopy, Camera Tracking and Object Tracking, Computer Graphics, Previs, Onset Supervision etc. The company employs more than 500 skilled people.

CONS

• The company works in a highly competitive segment.

Basilic Fly Studio Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the Basilic Fly Studio Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.