Picture Post Studios IPO Allotment Status

Picturepost Studios IPO OverSubscribed: Allotment and Listing Details

The Picture Post Studios IPO concluded on 6th August 2024 with an impressive overall subscription rate of 266.60 times. The company's shares will be listed on the NSE SME platform on 9th August 2024. By the end of the subscription period, the IPO had received bids for 1,38,52,38,000 shares, significantly surpassing the 51,96,000 shares on offer.
The IPO garnered substantial interest across various investor categories.

Non-institutional investors (NII) led the charge with a subscription rate of 389.67 times, followed closely by retail investors at 308.09 times. Qualified Institutional Buyers (QIB) also showed strong interest, subscribing 101.19 times the shares allocated to their category. Both anchor investors and market makers fully subscribed to their respective portions, each with a subscription rate of 1 time.

Investors who have applied for the Picture Post Studios IPO can check their allotment status through the official website of the registrar, Bigshare Services Pvt Ltd, or through the NSE website.

How to check Picturepost Studios IPO allotment status on Bigshare Services 

Here's a step-by-step guide to checking the allotment status:

Step 1 - Visit the Bigshare Services website: https://www.bigshareonline.com/ipo_allotment.html

Step 2 -  Select "Picturepost Studios IPO" from the company dropdown menu.

Step 3 -  Enter your PAN number, application number, or DP Client ID.

Step 4 -  Click on the "Search" button to view your allotment status.

Step 5 -  Download or print the allotment status for your records.

How to check Picturepost Studios IPO allotment status on NSE website

Step 1 -  Go to the official NSE website: https://www.nseindia.com/

Step 2 -  Navigate to the "Equities" section and select "IPO" from the dropdown menu.

Step 3 -  Click on the "Check Application Status" option.

Step 4 - Choose "Picturepost Studios IPO" from the Issue Name dropdown.

Step 5 -  Enter your PAN number and application number.

Step 6 -  Complete the captcha verification.

Step 7 -  Click on "Search" to view your allotment status.

Step 8 -  Download or print the allotment status for your records.

Picturepost Studios IPO Timeline 

IPO Open Date: Friday, 2nd August 2024 

IPO Close Date: Tuesday, 6th August 2024 

Basis of Allotment: Wednesday, 7th August 2024

Initiation of Refunds: Thursday, 8th August 2024 

Credit of Shares to Demat: Thursday, 8th August 2024 

Listing Date: Friday, 9th August 2024

Investors who received company shares will have their demat accounts credited on 8th August 2024. The refund procedure will begin on Thursday as soon as the allotment is finalized.

Picturepost Studios IPO Subscription Status

Subscription Day 3
Total Subscription: 266.60 times
Institutional Investors (QIBs): 101.19 times
Non-Institutional Investors (HNIs): 389.67 times
Retail Investors: 308.09 times

Subscription Day 2
Total Subscription: 58.82 times
Institutional Investors (QIBs): 3.49 times
Non-Institutional Investors (HNIs): 44.86 times
Retail Investors: 52.73 times

Subscription Day 1
Total Subscription: 6.17 times
Institutional Investors (QIBs): 0.00 times
Non-Institutional Investors (HNIs): 3.91 times
Retail Investors: 10.65 times

About Picturepost Studios IPO 

The Picturepost Studios IPO is a book-built issue with a total size of ₹18.72 crores, featuring a fresh issue of 78,00,000 shares. The IPO was open for subscription from 2nd August 2024 and closed on 6th August 2024. 

The allotment is anticipated to be finalised on 7th August 2024, with the listing scheduled on the NSE SME platform on 9th August 2024. The price band for the IPO is set between ₹22 and ₹24 per share, with a minimum lot size of 6,000 shares, requiring a minimum investment of ₹144,000 for retail investors. For High Net-worth Investors (HNIs), the minimum lot size is 2 lots (12,000 shares), amounting to ₹288,000.

Bigshare Services Pvt Ltd is the registrar for the IPO, and Shreni Shares is the lead manager and market maker for the issue. The IPO will use the proceeds primarily to support the company's working capital requirements and cover general corporate expenses.

Established in 2019, Picturepost Studios is a creative post-production company specializing in film editing, CGI, visual effects, video conversion, grading, and film and commercial mastering for channels and digital platforms. The company offers a wide range of services to meet the diverse needs of the entertainment industry, including high-end colour grading, motion design, visual effects, and online editing for films, web series, and advertisements.

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