Basilic Fly Studio IPO Listing Date:
In a thrilling development for investors, Basilic Fly Studio Ltd marked its debut on the NSE SME exchange with a staggering 179.4% premium. The company’s share price soared to ₹271 per share, significantly higher than the initial issue price of ₹97.
Basilic Fly Studio IPO Subscription:
The much-anticipated Basilic Fly Studio IPO, open for subscription from September 1 to September 5, witnessed an astounding response. The IPO garnered an impressive 286.6 times subscription, with bids pouring in for a whopping 146 crore equity shares, surpassing the original issue size of 50.96 lakh shares.
Basilic Fly Studio IPO Details:
The Basilic Fly Studio IPO, valued at ₹66.35 crore, comprises a fresh issue of 6,240,000 shares amounting to ₹60.53 crores, and an offer for sale of 600,000 shares, priced at ₹10 each, totaling ₹5.82 crores. The company has earmarked the net proceeds from the IPO for several strategic objectives, including:
- Expansion of studios and facilities in Salem and Hyderabad.
- Enhancement of infrastructure at existing offices in Chennai and Pune.
- Investment in equity in subsidiaries for general corporate purposes.
- Covering issue costs.
- Workspace development, encompassing the acquisition of new office space in London and the upgrade of current facilities in Vancouver.
Investors interested in the Basilic Fly Studio IPO can participate with a lot size of 1,200 shares.
Basilic Fly Studio IPO GMP Today:
The Basilic Fly Studio IPO GMP today stands at +230, surpassing the previous trading session’s +220. This signifies that Basilic Fly Studio shares were trading at a remarkable premium of ₹230 in the grey market on Monday, as reported by topsharebrokers.com.
Basilic Fly Studio IPO Listing Price:
Considering the upper end of the IPO price band and the current grey market premium, Basilic Fly Studio’s estimated listing price is projected to be ₹327 per share. This represents an impressive 237.11% surge from the IPO’s original price of ₹97.
The remarkable debut of Basilic Fly Studio on the NSE SME exchange has captured the attention of investors and market enthusiasts alike, making it one of the most talked-about IPOs of the year. Stay tuned for more updates on this exciting journey as Basilic Fly Studio continues to spread its wings in the world of entertainment and production.
About Basilic Fly Studio:
Established in 2016, Basilic Fly Studio Limited is a prominent company specializing in visual effects (VFX) services. With a presence in both Canada and the UK, the company has solidified its reputation in the industry. Its main offices are located in Chennai, India. Basilic Fly Studio excels in providing VFX solutions for a diverse range of media, including films, television shows, web series, and advertisements.
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