Should you buy the Basilic Fly IPO? Know details, reviews, financials and more before you invest.

Date : 01/09/2023
Read: 3 mins

The Basilic Fly Studio Limited IPO has gone live and is trading at a premium in the grey market. Here’s all you need to know about the IPO.

Basilic Fly Studio

Also Read: IPO Valuation

Headquartered in Chennai with subsidiaries in London and Vancouver, Basilic Fly Studios, (estd. 2012), is a visual effects (VFX) studio that produces quality visuals for TV shows, advertisements, and movies at a comfortable budget. The company has become an integral operator within the VFX landscape in India.

Highlights

As of Sep 1, 2023, 12.20 pm, the IPO has been subscribed 15x by retail investors
The IPO has a bullish sentiment, trading at a GMP of Rs.150
Share price band fixed between Rs. 92 to Rs. 97, with a single lot of 1200 shares

Here’s a comprehensive table of details for the Basilic Fly Studio IPO:

Basilic Fly Studio - IPO reservation:

Basilic Fly Studio - Financials

Here are the performance indicators:

Highlights and Objectives

With the capital generated from the IPO, the company plans:

Funding studios in Hyderabad and Salem
For public issue expense
General company purposes
Investing in subsidiaries to expand workshops in London and improve offices in Vancouver
To expand infrastructure in Chennai and Pune offices