Basilic Fly Studio IPO: Open/Close Date, Price, Lot Size, Allotment, Subscription

IPO Details

Bidding Dates

01 Sep '23 - 05 Sep '23

Minimum Investment

₹116,400/1 Lots (1200 Shares)

Price Range

₹92 - ₹97

Maximum Investment

₹116,400/1 Lots (1200 Shares)

Retail Discount

Not Applicable

Issue Size

₹66.35 Cr

Investor category and sub category

To be announced

Basilic Fly Studio IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Sep 1, 2023

IPO Closing Date

Sep 5, 2023

Basis of Allotment

Sep 8, 2023

Initiation of Refunds

Sep 11, 2023

Credit of Shares to Demat Account

Sep 12, 2023

IPO Listing Date

Sep 13, 2023

UPI mandate confirmation

Sep 5, 2023

Basilic Fly Studio Subscription Details

Date	QIB	NII	Retail	Total
Day 1Sep 1, 2023	7.18	27.55	50.44	33.17

Basilic Fly Studio Subscription Live Status

Investor Category	Subscription (Times)
Qualified Institutions Buyers	7.18
Non-Institutional Buyers	27.55
Retail Investors	50.44
Total	33.17

About Basilic Fly Studio

Basilic Fly Studio Limited is a Visual Effects (VFX) services provider headquartered in Chennai. The company possesses expertise in the VFX industry and has delivered high-quality VFX solutions for movies, TV, net series, and commercials. The company has expanded its business outside India with operating subsidiaries in Canada and the UK.

The business has made a significant impact on the market by forming direct alliances with numerous production firms and working with renowned VFX studios and organisations through subcontracting agreements. As a result, the company generated significant revenue from VFX companies and Studios.

The global animation and visual effects market size is likely to grow at a CAGR of ~10.94% between 2020 and 2026. With the introduction of Augmented Reality (AR) worldwide, the VFX market is expected to be developed significantly. In addition, the growing OTT user base, wider spectrum of applications, and increasing smartphones are vital factors that would fuel the demand for the company’s services.

Basilic Fly Studio Limited IPO Details

Basilic Fly Studio Limited IPO Date

Basilic Fly Studio Limited is a fresh issue IPO and offer for sale comprising 68,40,000 shares. It is a Book Build Issue IPO. Retail investors can bid for the Basilic Fly Studio Limited IPO. The issue will open on September 01, 2023, and close on September 05, 2023.

Basilic Fly Studio Limited IPO Price Band

The price range of the IPO has been fixed at ₹92 to ₹97 per share.

Basilic Fly Studio Limited IPO Lot Size

The Basilic Fly Studio Limited IPO lot size is 1,200 shares, and the minimum investment will be ₹1,16,400.

Basilic Fly Studio Limited IPO Objectives

The objectives of Basilic Fly Studio Limited IPO are listed below:

To finance expenditure for setup of studio/facility at Hyderabad and Salem.
For adding infrastructure to strengthen further the existing facilities/offices of the company located in Chennai and Pune.
For investments through equity in the subsidiaries to expand workspace by acquiring new office space located in London and strengthening the existing facilities/offices located in Vancouver.
For general corporate purposes and issue expenses.

Peer Details

Some of the major peers of Basilic Fly Studio Limited include the following:

Prime Focus Limited
Phantom Digital Effects Limited

How To Check the Allotment Status of the Basilic Fly Studio Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

Log in to the Angel One app
Validate with an OTP
Enter your application number, DP ID, and PAN number into the app
Click on ‘Submit’

Contact Details of Basilic Fly Studio Limited

Registered office: Tower A, KRC Commerzone, Mount Poonamallee Road,

Porur, Chennai Tamil Nadu 600116 India

Phone: + 91 94164 22201

E-mail: cs@basilicfly.com

Basilic Fly Studio Company Financials

Financial year	Year Ending on March, 31st 2023	Year ending on March, 31st 2022	Year ending in March, 31st 2021
Total Income	7,895.15	2,528.78	1,730.93
EBITDA	3,846.47	156.92	111.39
Profit After Tax (PAT)	2,774.02	90.10	33.65
Assets	4,881.91	1,356.93	936.46
Debt-Equity Ratio	0.14%	1.10%	0.12%

Know before investing

Strengths

The company is well-equipped with all the advanced equipment needed in the Industry, helping the business to gain the edge over its competitors.
The company has recorded outstanding growth in revenue and net profit, which showcased the demand for the VFX services provided by the company.
The company has successfully built a loyal customer base, encouraging repeat business from its customers. The business is concentrating on preserving solid relationships with current clients going forward as it will provide a competitive advantage in attracting new clients and business growth.
The business intends to launch two additional facilities in India. The company is seeking a physical presence in South Korea and Eastern Europe in the near future in the international sphere as well.

Risks

The major revenue base of the company is being contributed by the top five clients, which act as a significant dependence for the business. Hence, failure to attract new clients could hamper business growth in the long term.
The business competes in the continuously changing VFX market, which is affected by clients' shifting preferences and behaviour and depends on audience acceptance of content.
The company is exposed to foreign exchange control laws and engages in foreign currency transactions, which can increase the risk of currency volatility.
The company is facing ongoing legal battles involving its promoters and directors. If the outcome is unfavourable, this could harm its operations and financial situation.