Basilic Fly Studio Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Basilic Fly Stud

CMP

336.10

-5.95 (-1.74%)

₹97

Offer Price

₹ 66.35 Cr

Issue Size

₹ 1,16,400

Min Investment

1,200

Lot size

Time Line

  • 01
    Sep 2023
    Open
  • 05
    Sep 2023
    Close
  • 11
    Sep 2023
    Finalisation of Basis of Allotment
  • 12
    Sep 2023
    Initiation of Refunds
  • 13
    Sep 2023
    Transfer of Shares to Demat Account
  • 11
    Sep 2023
    Listing Date

Objects of the Offer

  • Expanding its Network.

  • Focusing on Increasing Process Services & consistency in operating practices.

  • Growing its business with existing clients with quality and efficient services.

Products & Services

  • The Company is a visual effects (VFX) studio headquartered in Chennai, India with subsidiaries operating at Canada and UK which specialize in creating visual experiences that captivate audiences around the world.

Strengths

  • New Age Business

  • Cordial relations with its customers;

  • National and International Cliental Portfolio;

  • Leveraging the experience of its Promoters;

  • Young, dynamic and motivated creative team.

Risks

  • The Company has delayed in compliances with some statutory provisions of the Companies Act. and delayed compliance may attract penalties against the company which could impact the financial position of it to that extent.

  • The Company operates in the constantly evolving VFX market, which is subject to rapidly changing clients` behaviour and tastes, and depends on audience acceptance of content for which the Company provides VFX services and the long-term popularity of the brands.

  • The company has issued Equity Shares during the last one year at a price that may be below the Issue Price.

  • Any non-compliance or delays in GST Return Filings and EPF Payments may expose it to penalties from the regulators.

  • There are outstanding litigations involving the Company, Promoters and Directors which, if determined adversely, may affect its business and financial condition.

Company Promoters

Promoters Holding

Issue For IPO
85.40%
Pre Holding

85.40%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 25.16 (-) 78.67 (212.70%) 87.59 (-)
Gross Profit 25.16 (-) 78.67 (212.70%) 87.59 (-)
Net Income 25.16 (-) 78.67 (212.70%) 87.59 (-)
Assets 25.16 (-) 78.67 (212.70%) 87.59 (-)
Liabilities 25.16 (-) 78.67 (212.70%) 87.59 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Basilic Fly Studio Ltd 70.23 26.44 36.44 6.23 87.59 0.00 17.77 2.79 0.12
Prime Focus Ltd 4,644.26 147.29 6,784.47 6,784.47 584.94 6.38 5.24 2.17 154.32
Phantom Digital Effects Ltd 57.89 16.20 63.09 63.09 36.63 15.97 37.98 25.67 0.16

Book Running Managers

  • GYR Capital Advisors Pvt Ltd

Registrar & Transfer Agent

Purva Sharegistry (I) Pvt Ltd

9 ShivShakti Indl Es,
J R Boricha Marg,
Lower Parel - Mumbai - 400 011
Phone : 91-22-23010771/23018261 Fax: 91-22-23012517

Company Contact Information

Tower A KRC Commerzone Mount -,
Ponamallee Road Porur,
Chennai - 600116
Phone : +91 9416422201 Email : cs@basilicfly.com www.basilicflystudio.com

Offer Related Information

Public offer of 68,40,000 equity shares of face value of Rs. 10 each ("Equity Shares") of Basilic Fly Studio Limited (the "Company" or the "Issuer") for cash at a price of Rs. 97 per equity (the "Offer Price") aggregating to Rs. 66.35 crores* ("The Offer") comprising of a fresh offer of up to 62,40,000 equity shares aggregating to Rs. 60.53 crores* (the "Fresh Offer") and an offer for sale of 6,00,000 equity shares by the selling shareholders ("Offer for Sale") aggregating to Rs. 5.82 crores*... More

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