Basilic Fly Studio SME IPO: One of India’s leading visual effects (VFX) studios, Basilic Fly Studio Limited (BFS), is set to open its IPO subscription next week. However, the price band for the IPO has not been determined yet. This IPO will consist of a total of 6,840,000 shares, including 600,000 shares under the OFS category and 6,240,000 shares under the fresh issue category.
Basilic Fly Studio SME IPO GMP
As per topsharebrokers.com, the shares are available in the grey market at a premium of INR 145.
It’s worth mentioning that the company had filed its draft red herring prospectus (DRHP) with NSE Emerge to prepare for the SME IPO segment.
According to the DRHP, GIV Capital Advisors Private Limited has been appointed as the book running lead manager for the issue, while Purva Share Registry India Private Limited will work as the registrar for the issue.
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Basilic Fly Studio SME IPO Company Overview:
BFS aims to capitalize on the growing demand for VFX and animation by leveraging its new perspectives and technical capabilities. The company intends to raise funds through the SME IPO to support its expansion plans in the United States and Western Europe, invest in technological advancements, and strengthen its working capital.
BFS also plans to establish two new facilities in India. In the financial year 2022-2023, BFS reported a total revenue of INR 78.95 crore and a net profit of INR 27.74 crore, reflecting its strong financial performance and market position.
Basilic Fly Studio SME IPO Track Record
BFS has an impressive track record, successfully completing over 10,000 projects to date. This includes work on more than 900 films, over 2,000 series, and more than 8,000 advertisements. Operating from its offices in Chennai, Pune, London, and Vancouver, the company serves clients globally.