The subscription of the Initial Public Offering of Basilic Fly Studio IPO, is presently ongoing and will close on September 5. The IPO, which opened for subscription on September 1, is a book built issue with a total issue size of Rs 66.35 crore. Following the subscription and allotment of shares, the IPO is likely to list on NSE SME.
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Basilic Fly Studio IPO: About the CompanyIt is a visual effects (VFX) studio headquartered in Chennai, and subsidiaries operating in Canada and the UK. The company provides VFX solutions for movies, TV, net series and commercials.
Basilic Fly Studio IPO: GMPThe shares of Basilic Fly Studio IPO are currently trading at a premium
of Rs 250 to Rs 275 per share in the grey market according to several websites tracking grey market premium.
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Basilic Fly Studio IPO: AllotmentFollowing the subscription of the IPO, the shares are likely to be credited to the subscribers Friday, September 8.
Basilic Fly Studio IPO: Listing DateAfter the allotment of shares to the subscribers is done and shares credited to the demat accounts, the shares are likely to be listed on the stock exchange on Wednesday, September 13, 2023.
Basilic Fly Studio IPO: Price RangeThe price range of Basilic Fly Studio is Rs 92 to Rs 97 per share.
Basilic Fly Studio IPO: Lot SizeThe minimum lot size of Basilic Fly Studio IPO is 1,200 shares.
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Basilic Fly Studio IPO: InvestmentThe minimum investment for this IPO is Rs 92×1200=Rs 1,10,400
The maximum investment for this IPO is Rs 97×1200=Rs 1,16,400.
Basilic Fly Studio IPO: RegistrarThe registrar of Basilic Fly Studio IPO is Purva Sharegistry India Pvt Ltd.
Basilic Fly Studio IPO: Objectives of the IssueThe company intends to utilise the net proceeds of the IPO towards the funding of Expenditure for setup of Studio/Facility, for adding infrastructure to strengthen existing facilities and acquiring new office and for general corporate purposes and issue expenses.
