IPO-“Basilic Fly Studio Limited IPO” THE DISRUPTOR OF SMEs



  • Basilic Fly Studio Limited IPO was incorporated in 2016.
  • the IPO can break the record for the a most subscribed SME IPO in Indian history which strongly is being held by Olatech Solutions Limited with total subscription of 598.82 times.
  • It operates as a visual effects (VFX) studio with its headquarters in Chennai, India moreover It also has subsidiaries in Canada and the UK.

VFX Services:

  • Basilic Fly Studio specializes in providing VFX solutions for various media platforms, including movies, TV shows, web series, and commercials.
  • The company’s service offerings encompass:
    • Final Compositing and Rotoscopy
    • Camera/Body Tracking and Rotomation/Object Tracking
    • Paint And Preparation
    • Previsualization (Previs)
    • Computer Graphics
    • Onset Supervision

Global Presence:

  • The company boasts a workforce of over 500 skilled professionals.
  • It maintains offices in Pune, London, and Vancouver.

Financial Performance:

  • In the fiscal year 2022-23, Basilic Fly Studio achieved a Total Revenue of Rs. 7,895.15 lacs.

Basilic Fly Studio IPO Details

  • The Basilic Fly Studio IPO is categorized as a Book Built Issue.
  • The total issue size of the IPO is Rs 66.35 Crores.
  • The Basilic Fly Studio IPO price range is set at ₹92 to ₹97 per share.
IPO DateSep 1, 2023 to Sep 5, 2023
Listing DateWednesday, 13 September 2023
Face Value₹10 per share
Price₹92 to ₹97 per share
Lot Size1200 Shares
Total Issue Size6,840,000 shares
(aggregating up to ₹66.35 Cr)
Fresh Issue6,240,000 shares
(aggregating up to ₹60.53 Cr)

Basilic Fly Studio IPO Timetable (Tentative)

IPO Open DateFriday, 1 September 2023
IPO Close DateTuesday, 5 September 2023
Basis of AllotmentFriday, 8 September 2023
Initiation of RefundsMonday, 11 September 2023
Credit of Shares to DematTuesday, 12 September 2023
Listing DateWednesday, 13 September 2023
Cut-off time for UPI mandate confirmation5 PM on Sep 5, 2023

Key Performance Indicator

EPS (Rs)16.32

Basilic Fly Studio IPO Lot Size

Retail (Min)11200₹116,400
Retail (Max)11200₹116,400
HNI (Min)22400₹232,800

Basilic Fly Studio IPO Promoter Holding

Pre Issue Share Holding85.42%
Post Issue Share Holding

Financials of the Company:

Period Ended31 Mar 202231 Mar 2023
Profit After Tax90.102,774.02
Net Worth394.163,166.98
Reserves and Surplus274.171,466.98
Total Borrowing413.23427.08
Amount in ₹ Lakhs

Objects of the Issue:

  1. Setting up Studio/Facility:
    • Establishing a new studio/facility in Hyderabad and Salem.
  2. Strengthening Infrastructure:
    • Enhancing infrastructure at existing facilities/offices in Chennai and Pune.
  3. Investing in Subsidiaries:
    • Infusing equity in subsidiaries for expanding workspace:
      • Acquiring new office space in London.
      • Strengthening existing facilities/offices in Vancouver.
  4. General Corporate Purposes:
    • Meeting general operational requirements of the company.
  5. Issue Expenses:
    • Covering expenses related to the IPO process.

Basilic Fly Studio IPO Review (I am Applying)

BFSL’s VFX Expertise and Growth: BFSL has achieved mastery in VFX studios, establishing a global presence with a distinct niche. Its remarkable performance in FY23, driven by strategic expansion, underscores its success. With ongoing efforts to broaden global reach, BFSL is poised for promising opportunities ahead. Consideration for investment could yield short to long-term rewards for investors.


Basilic Fly Studio IPO Subscription Status (Bidding Detail)

  • The Basilic Fly Studio IPO has been subscribed 33.17 times in total.
  • In the retail category, the subscription is 50.44 times.
  • In the Qualified Institutional Buyer (QIB) category, the subscription is 7.18 times.
  • In the Non-Institutional Investor (NII) category, the subscription is 27.55 times.

Check Day by Day Subscription Details (Live Status)

Basilic Fly Studio SME GMP

  • The last Grey Market Premium (GMP) for Basilic Fly Studio SME IPO was ₹275, last updated on September 1st, 2023, at 10:01 PM.
  • With a price band of ₹97.00, the estimated listing price for Basilic Fly Studio SME IPO is ₹372 (cap price + today’s GMP).
  • The expected percentage gain/loss per share is 283.51%.

check live Gmp details(status)

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