Picture Post Studios Limited IPO Details
| Detail | Description |
|---|---|
| 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 | 6,000 Shares |
| Total Issue Size | 78,00,000 shares (aggregating up to ₹ 18.72 Cr) |
| Fresh Issue | 78,00,000 shares (aggregating up to ₹ 18.72 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 2,15,00,000 |
| Shareholding post issue | 2,93,00,000 |
| Market Maker portion | 3,96,000 shares Shreni Shares |
About Picture Post Studios Limited IPO
Picture post Studios Limited was established in the year 2019 & it is a creative and innovative post-production company specializing in film editing, Computer Generated Imagery (CGI), visual effects (“VFX”), video conversion, grading, film and Commercial mastering of channels and digital platforms. Picture post Studios, with a team of professionals, offers a wide range of services to cater to the diverse needs of the entertainment industry.
They are one of the visual effects companies covering the entire spectrum of post-production requirements ranging from digital intermediates and visual effects to online editorials and operates as a studio, specializing in Films, Web series and advertisements, With a strong focus on high-end color grading, motion design, visual effects and online editing. Picture Post Studios IPO is a book-built issue of Rs 18.72 crores. The issue is entirely a fresh issue of 78 lakh shares. Picture Post Studios IPO opens for subscription on August 2, 2024 and closes on August 6, 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. 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.
Picture Post Studios IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
EnNutrica IPO Anchor Investors Details
| 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 |
Company & Financials
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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
- 1. Offline Editing Services
- 2. Computer Generated Imagery ("CGI")
- 3. Mastering and Quality Check
- 4.Visual Effects (VFX)
- 5.Color Grading
- 6.Creative Editorial Being a VFX studio, they provide a wide range of visual effects services. The production team oversees the process, and the artists use software, hardware and proprietary tools to create outstanding VFX for Web Series, Commercials, Music Videos and Films. The company's studio is situated in Khar Colony, Mumbai.
EnNutrica IPO Review
The company posted negative performances for FY21 and FY22, and then marked improved performance, by streamlining its production facility, which boosted its top and bottom lines. Its major stakeholder Indrayani Biotech is in the limelight of a change in management and a shift in its business model. Based on annualized FY24 super earnings, the issue appears fully priced. Investors may park funds for the medium to long term.
Objectives of Dindigul Farm Product IPO
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The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objectives:
- 1. Funding of capital expenditure requirements of the company towards the purchase of equipment and Software.
- 2. Repayment/prepayment of all or certain of our borrowings availed by the company.
- 3. General Corporate Purpose.
Picture Post Studios IPO Review
The company claims to be an expert in VFX and CGI-related services. It posted a non-convincing super performance in a pre-IPO year. Though it issued RI at Rs. 11 per share and has no bonus issue history whatsoever, its NAV data is misleading and missing the impact of RI at a premium on acquisition cost for promoters. Based on the Super earnings of FY24, the issue appears aggressively priced. A small equity level post-IPO indicates a longer gestation period. There is no harm in skipping this “High Risk/Low Return” pricey bet.
Picture Post Studios Limited IPO Financial Information
Latest Revenue
₹ 2,654.74 Cr
Profit After Tax
₹ 343.56 Cr
Net Worth
₹ 858.89 Cr
Total Borrowing
₹ 817.69 Cr
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31 Mar 2024 | 2,832.99 | 2,654.74 | 343.56 | 858.89 | 817.69 |
| 31 Mar 2023 | 843.80 | 1,085.35 | 59.97 | 113.01 | 273.40 |
| 31 Mar 2022 | 1.95 | 29.00 | 21.69 | 1.45 | — |
| Amount in ₹ Crore | |||||
IPO Estimated Listing Return
Based on the IPO Price of ₹24 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹6 and a lot size of 6000 shares.
Picture Post Studios Limited IPO GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-08-09 | ₹24 | ₹6.0 (25%) | - |
Picture Post Studios Limited Key Performance Indicator
| 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 |
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Competitive Strengths
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Picture Post Studios Limited IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹ 1,44,000 |
| Retail (Max) | 1 | 6,000 | ₹ 1,44,000 |
| HNI (Min) | 2 | 12,000 | ₹ 2,88,000 |