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Picturepost Studios Ltd IPO

Picturepost Studios Limited 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. The Company was established in the year 2019 as a Limited Liability Partnership (LLP). Picturepost Studios Limited, with a team of professionals, offer a wide range of services to cater to the diverse needs of the entertainment industry. The Company is one of the visual effects Company covering the entire spectrum of postproduction 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 colour grading, motion design, visual effects, and online editing. The Company pushes creative boundaries and embraces innovation.

Picturepost Studios Ltd IPO Details

Total Shares Offered

₹ 78,00,000

Offer to Public

TBA

Retail Max (Shares)

₹ 25,98,000

Pre Issue Promoters Holding

₹ 2,00,00,000

Exchange

NSE

Issue size

₹ 18.72 Cr

IPO Open Date

Aug 2, 2024

Close Date

Aug 6, 2024

Lot Size

6000

Min Investment

₹ 1,32,000

Issue Type

Book Building - SME

Listing Date

Aug 9, 2024

Picturepost Studios Ltd IPO Dates

Aug 2, 2024

Opening date

Aug 6, 2024

Closing date

Aug 7, 2024

Basis of Allotment

Aug 8, 2024

Initiation of Refunds

Aug 8, 2024

Credit of Shares

Aug 9, 2024

Listing date

Details

Sector	Type
Sector	Entertainment
Sub Sector	Electronic Media Software
Issue Type	Book Building - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	3690000
NII	0x	1116000
Retail	0x	2598000
Employee	0x	0
Total	0x	7800000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

3690000

1116000

2598000

7800000

Picturepost Studios Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	37.12	0.00	TBA
EBITDA	12.59	6.28	TBA
PAT	5.04	2.65	TBA
Total Assets	21.09	7.94	TBA
Share Capital	2.93	2.15	TBA
Total Borrowings	5.02	5.80	TBA
Operating Activities (Net Cash)	7.95	4.02	TBA
Investing Activities (Net Cash)	0.10	0.10	TBA
Financing Activities (Net Cash)	5.02	5.80	TBA
Net Cashflow	1.02	0.04	TBA

About Picturepost Studios Ltd

Picturepost Studios Limited was originally formed as Limited Liability Partnership Firm under the name and style of M/s. Prodace Solutions LLP pursuant to a Certificate of incorporation issued by Registrar of Companies, Central Registration Centre, dated August 22, 2019 with LLP registration number being AAQ-3343. Subsequently, the name of the LLP was changed to Picturepost Studios LLP with Certificate of Incorporation pursuant to change of name issued by Registrar of Companies, Central Registration Centre, dated August 26, 2022. M/s. Picturepost Studios LLP was thereafter converted into a Private Limited Company Picturepost Studios Private Limited pursuant to the provisions of Chapter XXI of the Companies Act, 2013 and fresh a certificate of incorporation dated June 01, 2023 was issued by Registrar of Companies, Central Registration Centre. Subsequently, the Company has been converted into a public limited company and the name of our Company changed to Picturepost Studios Limited pursuant to a special resolution passed at the Extra-Ordinary General Meeting of the Company held on February 21, 2024 and a fresh Certificate of incorporation dated May 14, 2024 issued by the Registrar of Companies, Mumbai. The Corporate Identity Number of the Company is U62099MH2023PLC404020.

The Indian Media and Entertainment (M&E) industry is a sunrise sector for the economy and is making significant strides. The increasing availability of fast and cheap internet, rising incomes, and increasing purchases of consumer durables have significantly aided the industry. India's media and entertainment industry are unique as compared to other markets. The industry is well known for its extremely high volumes and rising Average Revenue Per User (ARPU).

Peer Comparison:

Phantom Digital Effects Ltd
Prime Focus Ltd
Digikore Studios Ltd

Picturepost Studios Ltd Key Points

Strengths

Entrenched relationships with marquee Clients.

Having enrolled as the trusted partners by Trusted Partner Network (TPN).

Introduce Innovative techniques.

Proprietary technology platform that ensures scalability.

Risk

The company has certain outstanding litigation against it, its Directors and Promoters, an adverse outcome of which may adversely affect its business, reputation and results of operations.

The Company had negative cash flows in the past years, details of which are given below. Sustained negative cash flow could impact its growth and business.

The Company operates in a constantly evolving VFX market, which is subject to rapidly changing client's behaviour and tastes and depends on the acceptance of content by the audience through which the Company gains the longterm popularity of its name.

Strategy

Expand its Current Business Relationships.

Leveraging its Market skills and Relationships.

Continuous innovation.

Focus on quality.

How To Apply for Picturepost Studios Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Picturepost Studios Ltd IPO?

Picturepost Studios Ltd's IPO offers shares for up to 18.72 It begins on Aug 2, 2024 and ends on Aug 6, 2024.

What is the price of the Picturepost Studios Ltd IPO?

The price of Picturepost Studios Ltd IPO ranges between ₹22 to ₹24 per share.

What are the open and close dates for the Picturepost Studios Ltd IPO?

The Picturepost Studios Ltd IPO opens on Aug 2, 2024 and closes on Aug 6, 2024.

When will the Picturepost Studios Ltd IPO be allotted?

The allotment for the Picturepost Studios Ltd IPO will be finalised on Aug 7, 2024. The shares will be listed on BSE and NSE on Aug 9, 2024.

What is the minimum lot size required for Picturepost Studios Ltd IPO?

The minimum lot size for Picturepost Studios Ltd IPO is 6000 shares, priced between ₹22 to ₹24 per share.

What is the GMP of Picturepost Studios Ltd IPO?

The GMP (Grey Market Premium) of Picturepost Studios Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Picturepost Studios Ltd IPO?

To check the allotment status of Picturepost Studios Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Picturepost Studios Ltd IPO getting listed?

The Picturepost Studios Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Aug 2, 2024, and closes on Aug 6, 2024. The allotment is finalised on Aug 7, 2024.

How do you apply for the Picturepost Studios Ltd IPO?

To apply for the Picturepost Studios Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.