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26 Aug, 2025
Studio LSD IPO
Studio LSD IPO will be available to bid between 18 August 2025 and 20 August 2025 with the price band of ₹48-51 per equity share and the lot size of 2000 equity shares to retail bidders. The total issue size is 1,37,50,000 shares valued at around ₹70.13 crores with a fresh issue of 1.10 crore shares and an Offer for Sale (OFS) of 27.50 lakh shares; the face value of the shares is ₹10 each and is proposed to be listed on NSE SME (NSE Emerge) with an estimated listing date of August 25, 2025. The book-running lead manager is Corpwis Advisors and the registrar is Purva Sharegistry (India) Pvt. Ltd., allotment on August 21 and refund/credit on August 22, 2025.
Company Background
Studio LSD Private Limited was established on February 2, 2017, as LSD Films Private Limited and changed its name to Studio LSD Private Limited in 2020 and became a public company in 2024. Studio LSD Limited is an end-to-end multimedia/TV content production house. It is a company that focuses on the creation and manufacture of television programs and other related materials and is marketed by Prateek Sharma, Suman Sharma and Parth Shah.
Operations & Product Range
Facility & Production
Studio LSD has a full-stack production model, which involves concept development, scripting, casting, production management, post-production (editing, sound, VFX) and delivery to broadcasters and platforms, enabling more control over quality and timelines. As an integrated production house, the business mainly provides commissioned television content with additional capabilities in line with the current production technologies and workflows.
Brands & Market Presence
The content of the company is pitched at Indian television entertainment channels that have a history of success in daily soaps/serials and existing relationships with broadcasters; the company targets the prospects of the sector growth in Indian media and entertainment while accessing the capital of the SMEs through NSE Emerge. Industry and brokerage overviews note the SME listing framework and timing for the issue, indicating market positioning within the TV production segment.
Revenue Channels
The main source of revenues is commissioned content production services to broadcasters and clients on a per-episode or production basis with the potential to monetize content development under alternative models as per disclosures and summaries. Strong growth momentum into FY24 is reflected in recent summaries, with margins presented in KPI snapshots such as PAT margin and EBITDA margin based on restated financials on offer materials/broker pages.
Management & Shareholding
Promoters & Shareholding
The promoters of Studio LSD IPO are Prateek Sharma (Managing Director), Suman Sharma (Non-Executive Chairperson) and Parth Shah (Whole-time Director). The Pre-issue promoter holding is indicated as 100 percent and the post-issue 73.50 percent.
Board Members Detail
The above promoter-directors are part of the board leadership; registrar/lead manager information is verified as Purva Sharegistry and Corpwis Advisors, respectively, as per IPO filings and broker summaries.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Studio LSD IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Studio LSD IPO Details
| Detail | Description |
|---|---|
| IPO Date | August 18, 2025 to August 20, 2025 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Issue Price Band | ₹51 to ₹54 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,37,50,000 shares (aggregating up to ₹74.25 Cr) |
| Reserved for Market Maker | 6,88,000 shares (aggregating up to ₹3.72 Cr) Rikhav Securities Ltd. |
| Fresh Issue (Ex Market Maker) | 1,03,12,000 shares (aggregating up to ₹55.68 Cr) |
| Offer for Sale | 27,50,000 shares of ₹10 (aggregating up to ₹14.85 Cr) |
| Net Offered to Public | 1,30,62,000 shares (aggregating up to ₹70.53 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 4,08,91,755 shares |
| Share Holding Post Issue | 5,18,91,755 shares |
Studio LSD IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Mon, Aug 18, 2025 |
| IPO Close Date | Wed, Aug 20, 2025 |
| Tentative Allotment | Thu, Aug 21, 2025 |
| Initiation of Refunds | Fri, Aug 22, 2025 |
| Credit of Shares to Demat | Fri, Aug 22, 2025 |
| Tentative Listing Date | Mon, Aug 25, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 20, 2025 |
Studio LSD IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 4,000.00 | ₹2,16,000 |
| Individual investors (Retail) (Max) | 2 | 4,000.00 | ₹2,16,000 |
| S-HNI (Min) | 3 | 6,000 | ₹3,24,000 |
| S-HNI (Max) | 9 | 18,000 | ₹9,72,000 |
| B-HNI (Min) | 10 | 20,000 | ₹10,80,000 |
Studio LSD IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 73.50% |
Competitive Strength:
- ● End-to-end, concept to post-production capabilities reduce the need to depend on third parties and increase control over the execution.
- ● Current networks in television content commissioning provide exposure and the potential of repeat business.
- ● The indicators of a trend of growth until FY24 and the positive indicators of profitability according to the snapshots of IPO KPIs (e.g., PAT and EBITDA margins).
- ● SME listing to raise growth capital (working capital/capex) to match pipeline scale-up in content production.
- -
Studio LSD IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 46.67 | 105.01 | 11.67 | 27.54 | 0 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 36.49 | 102.49 | 11 | 16 | 0 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 18.16 | 46.71 | 2.79 | 4.96 | 0.06 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 53.78% |
| ROCE | 57.29% |
| RoNW | 53.78% |
| PAT Margin | 11.17% |
| EBITDA Margin | 14.85% |
| Price to Book Value | 8.02 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.85 | 2.25 |
| P/E (x) | 18.92 | 24.01 |
IPO Objectives of Studio LSD IPO
- Funding working capital requirements to support ongoing and new productions.
- CapEx on production infrastructure/technology upgrades to increase capability and scale.
- The general corporate purposes as described in the offer documents.
Conclusion
Studio LSD IPO provides an opportunity to invest in a TV content producer with an end-to-end implementation capability, an experienced promoter group and a visible scale-up in the recent financials. The pricing appears to be targeted at SME investors who want to grow with a prospect of operational leverage as the order book builds. However, the business is susceptible to broadcaster commissioning cycles, concentration of clients and working capital turns typical of production houses.
RHP:
DRHP:
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Frequently asked Questions (FAQs )
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1. What time does the Studio LSD IPO open?
On August 18, 2025, the initial public offering (IPO) will open, and on August 20, 2025, it will close.
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2. How big and how broad is the overall problem?
1,37,50,000 shares amounting to approximately 70.13 crore, fresh issue of 1.10 crore shares and OFS of 27.50 lakh shares.
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3. What are the key IPO timelines (allotment, refund, listing)?
August 21, 2025: Allotment basis; August 22, 2025: refunds/credit; August 25, 2025: tentative listing.
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4. What are the promoters' holdings following the issuance, and who are they?
Prateek Sharma, Suman Sharma and Parth Shah are the promoters; broker summaries indicate post-issue holding of approximately 73.50%.
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