Picture Post Studios IPO – On the first day of its release today, Picture Post Studios Ltd.’s initial public offering (IPO) was more than six times subscribed to by small and medium-sized enterprises (SME). On Friday, August 2, 2024, the VFX studio major’s SME IPO went live for subscriptions. It will end on Tuesday, August 6, 2024.
Picture Post Studios IPO Details
| Opening Date | Aug 02 2024 |
| Closing Date | Aug 06 2024 |
| Total Share: | 7,800,000 |
| Face Value | ₹ 1 Per Equity Share |
| Issue Size | 18.72 Cr. |
| Lot Size | 6000 Shares |
| Issue Price | ₹ 22 – 24 Per Equity Share |
| Listing Date | Aug 09 2024 |
Picture Post Studios IPO Financials
Picture Post Studios’ income climbed from ₹29.00 Lakhs in FY22 to ₹1,085.35 Lakhs in FY23, and is now at ₹2,212.17 Lakhs in FY24. EBITDA climbed from ₹21.69 Lakhs in FY22 to ₹107.96 Lakhs in FY23 and now stands at ₹520.41 Lakhs in FY24. PAT grew from ₹21.69 Lakhs in FY22 to ₹59.97 Lakhs in FY22 and now stands at ₹292.13 Lakhs in FY24. This implies consistent financial performance.
Picture Post Studios IPO GMP
Picture Post Studios’ current IPO GMP, or grey market premium, is ₹17 per share, according to investorgain.com. Based on this information, Picture Post Studios’ equity shares are selling for ₹41 per on the black market, which is 17.83% more than the ₹24 IPO price per share.
About Picture Post Studios
Picture Post Studios Limited was founded in August 2019 and provides a wide range of services through a team of professionals to meet the different needs of the entertainment industry. They are one of the visual effects companies that cover the entire post-production process, from digital intermediates and visual effects to online editing. They work as a studio specializing in films, web series, and commercials, with a strong emphasis on high-end color grading, motion design, visual effects, and online editing. They push creative boundaries and prioritize innovation. Our devotion to creative ideas and adapting to changing technology has allowed us to achieve rapid success. They specialize in developing visually compelling experiences for audiences all around the world.
Conclusion
The market outlook for Picture Post Studios’ initial public offering appears to be favorable. The creative sector is growing in response to the present trend of content consumption via numerous media sources, as well as the demand for crisp and clear images. As a result, with businesses and brands collaborating on marketing and promotional events, the need for professional picture and video services is likely to rise.
