Incorporated in 2016, Basilic Fly Studio Limited is a visual effects (VFX) studio headquartered in Chennai, India with subsidiaries operating in Canada and the UK.
Basilic Fly Studio provides 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.
The company has over 500 skilled individuals and has offices in Pune, London, and Vancouver.
Basilic Fly Studio recorded Rs. 7,895.15 lacs in Total Revenue in fiscal 2022-23.
Basilic Fly Studio IPO Details
Basilic Fly Studio IPO is a Book Built Issue. The IPO total issue size is Rs 66.35 Cr. The Basilic Fly Studio IPO price is ₹92 to ₹97 per share. The IPO will list on NSE SME.
| IPO Date | Sep 1, 2023 to Sep 5, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹92 to ₹97 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 6,840,000 shares (aggregating up to ₹66.35 Cr) |
| Fresh Issue | 6,240,000 shares (aggregating up to ₹60.53 Cr) |
| Offer for Sale | 600,000 shares of ₹10 (aggregating up to ₹5.82 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 17,000,000 |
| Share holding post issue | 23,240,000 |
| Market Maker portion | 1,026,000 shares Share India Securities |
Basilic Fly Studio IPO Reservation
| QIB Shares Offered | Not more than 50% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
Basilic Fly Studio IPO Timetable (Tentative)
Basilic Fly Studio IPO opens on Sep 1, 2023, and closes on Sep 5, 2023.
| IPO Open Date | Friday, 1 September 2023 |
| IPO Close Date | Tuesday, 5 September 2023 |
| Basis of Allotment | Friday, 8 September 2023 |
| Initiation of Refunds | Monday, 11 September 2023 |
| Credit of Shares to Demat | Tuesday, 12 September 2023 |
| Listing Date | Wednesday, 13 September 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Sep 5, 2023 |
Basilic Fly Studio IPO Lot Size
The minimum lot size of this Basilic Fly Studio IPO is 1200 shares required is ₹116,400.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹116,400 |
| Retail (Max) | 1 | 1200 | ₹116,400 |
| HNI (Min) | 2 | 2,400 | ₹232,800 |
| Lot Size Calculator |
Basilic Fly Studio IPO Promoter Holding
Mr. Balakrishnan and Ms. Yogalakshmi S are promoters of the company.
| Pre Issue Share Holding | 85.42% |
| Post Issue Share Holding |
Company Financials
| Period Ended | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 1,571.08 | 5,315.33 |
| Revenue | 2,528.78 | 7,895.15 |
| Profit After Tax | 90.10 | 2,774.02 |
| Net Worth | 394.16 | 3,166.98 |
| Reserves and Surplus | 274.17 | 1,466.98 |
| Total Borrowing | 413.23 | 427.08 |
Amount in ₹ Lakhs
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 155.63% |
| ROCE | 104.73% |
| Debt/Equity | 0.14 |
| EPS (Rs) | 16.32 |
| RoNW | 87.59% |
Objects of the Issue
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- 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.
Company Contact Information
Basilic Fly Studio Limited
Tower A, KRC Commerzone,
Mount Poonamallee Road
Porur, Chennai – 600116
Phone: + 91 94164 22201
Email: cs@basilicfly.com
Website: http://www.basilicflystudio.com/
Basilic Fly Studio IPO Registrar
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/queries/