Business Standard

Picturepost Studios Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

18.72 cr

Price Range (₹)

24

Lot Size

6000

Min Investment (₹)

1,44,000.00

Listing Exchange

NSE - SME

Open Date

02-Aug-2024

Close Date

06-Aug-2024

Listing Date

09-Aug-2024

Picturepost Studios Ltd News

    The Shares of Picturepost Studios Ltd have now been listed.

    Picturepost Studios Ltd IPO Details

    Initial public offer of 78,00,000 equity shares of face value of Re. 1/- each (the Equity Shares) of Picturepost Studios Limited (The Company or Picturepost Studios or PPSL or The Issuer) for cash at a price of Rs. 24/- per equity share including a share premium of Rs. 23/- per equity share (the Issue Price) aggregating to Rs. 18.72 crores (The Issue), of which 3,96,000 equity shares of face value of Re. 1/- each for cash at a price of Rs. 24/- per equity share including a share premium of Rs. 23/- per equity share aggregating to Rs. 0.95 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e., net issue of 74,04,000 equity shares of face value of Re. 1/- each at a price of Rs. 24/- per equity share including a share premium of Rs. 23/- per equity share aggregating to Rs. 17.77 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 26.62 % and 25.27 % respectively of the post issue paid up equity share capital of the company.The face value of equity shares is Re. 1/- each. The issue price is 24/- times the face value of the equity shares.

    Objective of issue

    Funding of capital expenditure requirements of the company towards purchase of equipment and software. Repayment/prepayment of all or certain of its borrowings availed by the company. General corporate purposes.

    Picturepost Studios Ltd Contact Details

    Picturepost Studios Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - investors@picturepoststudio.com

    Website - www.picturepoststudio.com