Picture Post Studios IPO Overview: There is a lot of interest in Picture Post Studios Limited as the company plans their IPO. This SME IPO is set to open from August 2, 2024, and close on August 6, 2024, which is planning to collect ₹18.72 crore. The IPO has attracted investors’ attention due to its threshold level Grey Market Premium (GMP) of ₹17. In this blog, readers will find details of this IPO, an evaluation of the company’s prospects and a brief review on the market condition and investing factors.
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Picture Post Studios IPO Details
| IPO Date | August 2, 2024 to August 6, 2024 |
| Listing Date | August 9, 2024 |
| Overall Subscription | 6.24x |
| Face Value | ₹1 per share |
| Price Band | ₹22 to ₹24 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 7,800,000 shares (aggregating up to ₹18.72 Cr) |
| Fresh Issue | 7,800,000 shares (aggregating up to ₹18.72 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 21,500,000 |
| Share holding post issue | 29,300,000 |
Picture Post Studios IPO Important Dates
| IPO Open Date | Friday, August 2, 2024 |
| IPO Close Date | Tuesday, August 6, 2024 |
| Basis of Allotment | Wednesday, August 7, 2024 |
| Initiation of Refunds | Thursday, August 8, 2024 |
| Credit of Shares to Demat | Thursday, August 8, 2024 |
| Listing Date | Friday, August 9, 2024 |
Picture Post Studios IPO GMP (grey Market Premium)
| GMP Date | IPO Price | GMP Price |
| August 9, 2024 | ₹22-₹24 | ₹6 |
| August 8, 2024 | ₹22-₹24 | ₹7 |
| August 7, 2024 | ₹22-₹24 | ₹9 |
| August 6, 2024 | ₹22-₹24 | ₹12 |
| August 5, 2024 | ₹22-₹24 | ₹12 |
| August 4, 2024 | ₹22-₹24 | ₹14 |
| August 3, 2024 | ₹22-₹24 | ₹13 |
Picture Post Studios IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹144,000 |
| Retail (Max) | 1 | 6000 | ₹144,000 |
| HNI (Min) | 2 | 12,000 | ₹288,000 |
Picture Post Studios Limited Company Overview
Picture Post Studios Limited is in the creative industry offering excellent photo and video production services. The company specializes in providing new solutions and services for creating high-quality audio-visual content for various media. Launched with the objective of meeting the increasingly professional requirements of the market for visuals, Picture Post Studios has grown to offer a range of services, including commercial photography, promotional videos, and other related digital media.
The success and popularity of the company is evident from the fact that it contains both traditional and new generation clients. Picture Post Studios has identified the need for it to extend its market coverage and looked for the strategies to do so while relying on its industry experience and creativity as its major assets.
Picture Post Studios IPO Review
The IPO of Picture Post Studios refers to a new issue of shares being offered at ₹24 each with an issue size of ₹18.72 crore. The IPO starts on August 2, 2024 and will close on August 6, 2024. The issue has been well received, with total subscription rate being 6.24 times, which may point to increased interest among investors.
Key Details:
• IPO Open Date: 2nd August, 2024
• IPO Close Date: 6th August 2024
• Issue Price: ₹24 per share
• Total Issue Size: ₹18.72 crore
• GMP: ₹17
• Subscription Rate: 6.24x
• Listing Date: 9th August, 2024
Picture Post Studios IPO GMP
The current GMP of ₹17 also indicates a good sentiment of the secondary market and the confidence of investors in the IPO. Therefore, the Picture Post Studios IPO has promising forecasts with a high subscription rate and a favorable GMP.
Market Outlook and Investment Analysis
The market prospect of Picture Post Studios IPO seems relatively favourable. The creative industry is expanding due to the currently trending content consumption through various media sources and needs for crisp and clear visuals. Therefore, with business and brands teaming up in marketing and promotional occasions, the demand for professional photo and video services is expected to increase.
Investment Considerations:
1. Industry Growth: The creative industry is growing, and the need for creativity in any form of content is increasing steadily. Notably, Picture Post Studios is well poised to ride on this trend.
2. Company Performance: This position outlines the fact that the company has previously completed successful projects, which guarantees its further successful performance.
3. IPO Valuation: Priced at ₹24 per share, the IPO is attractively valued compared to its industry peers. The GMP of ₹17 further supports the positive sentiment around the issue.
4. Market Conditions: The current market environment is considered propitious for SME IPOs and there are potential investors for good positioned and promising enterprises.
Potential investors should take into consideration the above factors when dealing with Picture Post Studios IPO. The positive outlook for this industry, key performance indicators reported by this company, and the overall macroeconomic environment make this IPO interesting.
Conclusion
The IPO of Picture Post Studios Limited presents an attractive investment venture in the creative business. Here, subscription rate, GMP and market outlook show promise, which means that the IPO will receive interest from investors. As the firm is waiting for the IPO process, it is at the right time for utilizing its industry knowledge and conquering more markets. Potential investors are advised to review their current investment approach and weigh the IPO’s advantages in consideration of today’s global climate.
For the shareholders who would wish to invest in the IPO it will be open for subscription on 2nd August 2024 and SME IPO Listing Date is expected to list on 9th August 2024. New investors may be eager to know what is in store for Picture Post Studios, given the fact that it IPO is fast approaching.