The subscription period for Basilic Fly Studio Ltd’s initial public offering (IPO) began on September 1, 2023, and ended on September 5, 2023 (inclusive). On September 8, 2023, the Basilic Fly Studio Allotment Status will be finalized, and the reimbursement process will begin on September 11, 2023. The listing date is September 13, 2023, and shares are credited to the depository on September 12, 2023. An NSE SME IPO for Fly Studio is seeking to raise ₹66.35 crores. With a market lot of 1200 shares, the Basilic Fly Studio IPO price range is set at ₹92 to ₹97.
Basilic Fly Studio IPO Allotment Status
Investors responded enthusiastically to Basilic Fly Studio’s initial public offering (IPO), even on the second day of bidding on September 4. The IPO size of 50.96 lakh shares was oversubscribed by 110.01 times, resulting in bids for 56.06 crore equity shares. Retail investors and high net-worth individuals, who each have a 35 percent and 15 percent reservation in the net issue, were the most active buyers, subscribing 213.7 times and 122.66 times, respectively, the portions reserved for them.
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In comparison, the qualified institutional buyers’ reserved portion of 50 percent was subscribed 16.12 times. The visual effects (VFX) firm, which has operations in Canada and the UK, plans to raise Rs 66.35 crore via its first-ever public offering at the higher end of the Rs 92–97 per share price range. A day before the issue’s launch on August 31, the business raised Rs 16.91 crore via an anchor book.
Basilic Fly Studio IPO GMP
The minimum market lot for the Basilic Fly Studio IPO is 1200 shares with an application fee of 116,400. The Basilic Fly Studio IPO will be listed on the NSE as an NSE SME IPO. On September 8, 2023, the allocation status for Basilic Fly Studio’s IPO (Initial Public Offering) will be decided. On September 11, 2023, the refund procedure will start, and on September 12, 2023, shares will be added to Demat accounts. On September 13, 2023, Basilic Fly Studio’s first public offering is anticipated to take place.
|Opening Date||September 1, 2023|
|Closing Date||September 5, 2023|
|Basis of Allotment||September 8, 2023|
|Initiation of Refunds||September 11, 2023|
|The credit of Shares to Demat||September 12, 2023|
|Listing Date||September 13, 2023|
By establishing direct connections with various production houses as well as working with well-known VFX studios and organizations via subcontracting agreements, they have had a significant impact on the industry. Numerous VFX studios and corporations choose to delegate certain tasks to specialized groups with the knowledge, resources, and tools needed to oversee complex VFX projects. We have received significant financial support from VFX studios and corporations.
How to check Basilic Fly Studio IPO Allotment Status?
- Visit the official Basilic Fly Studio website.
- Seek for a tab labeled “Allotment Status” or “Application Status.”
- Enter your application ID or relevant details.
- Click the “Check Status” or similar button.
- Review the status update displayed on the screen.
Basilic Fly Studio IPO Allotment Timing
Between 10:00 PM on September 8, 2023, and 11:00 AM on September 11, 2023, the register’s website will be updated with the allocation status of Basilic Fly Studio IPO.
Basilic Fly Studio IPO Shares Offered
6,840,000 equity shares were issued in the public offering of Basilic Fly Studio. The issuance provides 1,162,800 shares to eligible institutional purchasers, 1,035,200 shares to retail investors, and 872,400 shares to non-institutional investors.
Basilic Fly Studio IPO Anchor Investor Allocation
The anchor investors would get a total of 1,743,600 shares at a price of Rs 97 per share.
IPO Investor Categories
- Qualified Institutional buyers (QIB): Banks, FIIs, Mutual Funds, and Other Financial Institutions
- Non-Institutional investors(NII): investors of All Types (Individuals, NRIs, Businesses, Trusts, etc.)
- Retail individual investors (RII): Normal Retail Investors (NRIs)
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
How to subscribe to Basilic Fly Studio IPO?
There are both ASBA and non-ASBA options available for paid membership. Visit your bank account to apply for an IPO online via ASBA, download the form, or get a printed copy to fill out and return to your broker or bank.
Objects of the Issue
- Setup costs for studios and facilities in Hyderabad and Salem.
- Expenditure on new infrastructure to reinforce the company’s current facilities/offices in Chennai and Pune.
- purchasing new office space in London and enhancing the current facilities/offices in Vancouver in order to expand the workspace via equity investments in the subsidiaries.
- Issue costs and general corporate purposes.
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