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Basilic Fly Studio IPO

Basilic Fly Studio IPO

  • Status: Closed
  • RHP:
  • ₹ 110,400 / 1200 shares

    Minimum Investment

IPO Details

  • Open Date

    01 Sep 2023

  • Close Date

    05 Sep 2023

  • IPO Price Range

    ₹ 92 to ₹ 97

  • IPO Size

    ₹ 60.53 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    13 Sep 2023

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IPO Timeline

Basilic Fly Studio IPO Subscription Status

Last Updated: 03 January 2024 8:57 PM by 5Paisa

Basilic Fly Studio Limited IPO is all set to open from 1st September to 5th September 2023. Basilic Fly Studio is based in Chennai and operates as a VFX studio. The IPO includes a fresh issue of  62,40,000 shares worth ₹60.53 cr and an Offer for Sale (OFS) of  6,00,000 equity shares worth ₹5.82 cr. The total IPO size is ₹66.35 cr. The share allotment date is 8th September, and the IPO will be listed on 13th September on the stock exchanges. The price is ₹92 to ₹97 per share and the lot size is 1200 shares.

Gyr Capital Advisors Private Limited is the book-running lead manager for this IPO, while Purva Sharegistry (India) Private Limited is the registrar. 

Objectives of Basilic Fly Studio IPO:

Basilic Fly Studio Limited plans to utilize the raised capital from the IPO to:
●    To fund a studio/facility at Hyderabad and Salem
●    To fund infrastructure expenditure at current offices/facilities of the company in Chennai and Pune
●    Invest in subsidiaries via equity in order to expand the workspace via acquiring new office space located in London and strengthen the current facilities/offices located in Vancouver
●    General corporate purpose
●    To meet the public issue expense

Established in 2016, Basilic Fly Studio operates in the VFX industry. It has expertise in delivering cost-effective and high-quality VFX solutions for a range of media, including movies, television, web series, and commercials. Some of the services offered by  Basilic Fly Studio are:

●    Final Compositing and Rotoscopy
●    Camera/Body Tracking and Rotomation/Object Tracking
●    Paint and Preparation
●    Previsualization (Previs)
●    Computer Graphics
●    Onset Supervision

With a team of over 500 highly skilled professionals, Basilic Fly Studio operates across key locations in Pune, London, and Vancouver. Their goal is to stand out as the top VFX company, producing exceptional quality content for both global and local markets. 

Peer Comparison

●    Prime Focus Limited
●    Phantom Digital Effects Limited

For More Information:
Webstory on Basilic Fly Studio IPO
Basilic Fly Studio IPO GMP

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue 70.22 23.88 17.27
EBITDA 38.46 1.57 1.11
PAT 26.44 0.79 0.33
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 48.82 13.57 9.36
Share Capital 17.00 1.00 1.00
Total Borrowings 18.60 9.80 6.39
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 4.32 1.81 -2.42
Net cash from / (used in) investing activities -0.88 -2.59 -0.47
Net cash flow from / (used in) financing activities -1.25 2.85 -0.025
Net increase (decrease) in cash and cash equivalents 2.19 2.06 -2.92


Strengths

1.    The company has worked on some prestigious projects such as Spider-Man: No Way Home (2021), Shang-Chi and the Legend of the Ten Rings (2021), Avengers: Endgame (2019), Mary Poppins Returns (2018), and more. 
2.    It has a presence in global markets with offices in London and Vancouver.
3.    It has worked on 900+ Movie projects and 2,000 Series projects.
4.    It has also achieved many awards such as Company of the Year (Creative Media Solution 2022) at India Icons Awards, Most Prominent Company 2023, (Animation Category) at Nation Wide Awards and Excellence in VFX and Post Production at the Times Business Awards 2023.
5.    Experienced promoters and management.

Risks

1.    High working capital requirements. 
2.    Negative cash flows in the past.
3.    The company can be impacted by foreign regulations and forex fluctuations. 
4.    There are outstanding litigations. 
5.    Operates in a highly competitive industry locally and globally.  
6.    Can be impacted by the constant change in technologies in the industry.

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FAQs

The minimum lot size of Basilic Fly Studio IPO is 1200 shares and the investment required is ₹1,10,400.

The price band of Basilic Fly Studio IPO is ₹92 to ₹97 per share. 

Basilic Fly Studio IPO opens from 1st September to 5th September 2023.
 

The IPO size of Basilic Fly Studio IPO is ₹66.35 cr. 

The share allotment date of Basilic Fly Studio IPO is 8th September 2023.

The Basilic Fly Studio IPO will be listed on 13th September 2023.

Gyr Capital Advisors Private Limited is the book-running lead manager for Basilic Fly Studio IPO.

Basilic Fly Studio plans to utilize the raised capital from the IPO to:

1.    To fund a studio/facility at Hyderabad and Salem
2.    To fund infrastructure expenditure at current offices/facilities of the company in Chennai and Pune
3.    Invest in subsidiaries via equity in order to expand the workspace via acquiring new office space located in London and strengthen the current facilities/offices located in Vancouver
4.    General corporate purpose
5.    To meet the public issue expense 
 

To apply for the Basilic Fly Studio IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Basilic Fly Studio Limited IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
●    You will receive a mandate notification to block funds in your UPI app.