Basilic Fly Studio IPO will open for subscription from 01 September 2023. The company aims for an issue size of ₹66.35 Cr through this IPO.
Company Overview
| Full name | Basilic Fly Studio Limited |
| Sector | Media & Entertainment |
| Industry | Film production, Distribution & Entertainment |
| Company Website | http://www.basilicflystudio.com/ |
About Company
Incorporated in 2016, Basilic Fly Studio (BFS) is a visual effects (VFX) studio headquartered in Chennai, India with subsidiaries operating in Canada and the UK that specialize in creating visual experiences that captivate audiences around the world. The company holds proficiency in the VFX industry and has delivered high-quality VFX solutions for movies, TV, net series, and commercials.
BFS’ service list includes Final Compositing and Rotoscopy, Camera/ Body Tracking and Rotomation/ Object Tracking, Paint and Preparation, Previs or Previsualization, Computer Graphics, and Onset Supervision. Basilic Fly Studio has completed more than 900 Movie projects and 2,000 Series projects. The company recorded INR 78.95 crore in total revenue in FY 2022-23.
The Objective of the Issue
- Expenditure for setup of Studio/Facility at Hyderabad and Salem.
- Expenditure for adding infrastructure to further strengthen the existing facilities/offices of the company located in Chennai and Pune.
- Making investments through equity in the subsidiaries for expansion of workspace by acquiring new office space located in London and strengthening the existing facilities/offices located in Vancouver.
- General Corporate Purposes and Issue Expenses.
IPO Timetable
| IPO Opening date | 01 September 2023 |
| IPO Closing | 05 September 2023 |
| Basis of Allotment | 08 September 2023 |
| Initiation Refund | 11 September 2023 |
| Credit to Demat Account | 12 September 2023 |
| Listing Date | 13 September 2023 |
IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹66.35 Cr – 6,840,000 shares |
| Fresh Issue | ₹60.53 Cr – 6,240,000 shares |
| Offer for sale | ₹5.82 Cr – 600,000 shares |
| Face value | ₹10 per share |
| Price Band | ₹92 to ₹97 per share |
| Lot size | 1200 Shares |
| Market Maker portion | 1,026,000 shares |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹116,400 |
| Retail (Max) | 1 | 1200 | ₹116,400 |
| HNI (Min) | 2 | 2,400 | ₹232,800 |
Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 17.27 | 23.88 | 70.23 |
| Expenses | 16.78 | 22.84 | 35.09 |
| Net income | 0.34 | 0.79 | 26.44 |
Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 3.36 | 9.01 | 16.32 |
| PE ratio | – | – | 5.64 -5.94 |
| RONW (%) | 11.31 | 22.86 | 87.59 |
| NAV | 29.75 | 39.42 | 18.63 |
| ROCE (%) | 21.34 | 15.78 | 104.73 |
| EBITDA (%) | 6.45 | 6.24 | 48.90 |
| Debt/Equity | 0.12 | 1.10 | 0.14 |
Company Promoters
- Mr. Balakrishnan
- Ms. Yogalakshmi S
Promoter Holding
| Pre Issue Share Holding | 85.42% |
| Post Issue Share Holding | – |
Lead Manager(s)
GYR CAPITAL ADVISORS PRIVATE LIMITED
428, Gala Empire, Near JB Tower,
Drive in Road, Thaltej
Ahmedabad-380 054, Gujarat, India
Phone:+91 8777564648
Email: info@gyrcapitaladvisors.com
Website: www.gyrcapitaladvisors.com
IPO Registrar
PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
9, Shiv Shakti Industrial Estate, J.R. Boricha Marg, Lower
Parel (East) Mumbai-400011, Maharashtra India
Phone: +91-022-4961-4132, 022-3199-8810
Email: support@purvashare.com
Website: www.purvashare.com
Contact Details
BASILIC FLY STUDIO LIMITED
Tower A, KRC Commerzone, Mount Poonamallee Road,
Porur Chennai Tamil Nadu 600116 India
Phone: + 91 9416422201
E-mail: cs@basilicfly.com
Website: www.basilicflystudio.com
Allotment Status
Basilic Fly Studio IPO allotment status will be available on Purva Sharegistry’s website. Click on this link to get allotment status.
Final thoughts
Basilic Fly Studio IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
