Basilic Fly Studio Ltd Share Price – NSE

Entertainment, Small Cap

Basilic Fly Studio will hold a meeting of the Board of Directors of the Company on 30 April 2024.

Powered by Capital Market - Live News

Basilic Fly Studio will hold a meeting of the Board of Directors of the Company on 19 February 2024.

Powered by Capital Market - Live News

Basilic Fly Studio will hold a meeting of the Board of Directors of the Company on 30 October 2023.

Powered by Capital Market - Live News

The scrip was listed at Rs 271, a premium of 179.38% compared with the issue price. The scrip hit a high of Rs 284.55 and a low of Rs 270. About 22,90,800 lakh shares of the company changed hands at the counter.

The initial public offer (IPO) of Basilic Fly Studio was subscribed 213.55 times. The issue opened for bidding on 1 September 2023 and it closed on 5 September 2023. The price band of the IPO was fixed at Rs 92-97per share.

The IPO comprised fresh issue of 68,40,000 shares. The company intends to utilize the net proceeds for expenditure for setup of studio/facility at Hyderabad and Salem, expenditure for adding infrastructure to further strengthen the existing facilities/offices of the company located at Chennai and Pune, making investment through equity in the subsidiaries for expansion of workspace by acquiring new office space located at London and strengthen the existing facilities/offices located at Vancouver, general corporate purposes and issue expenses.

Ahead of the IPO, Basilic Fly Studio on 31 August 2023, raised Rs 16.91 crore from anchor investors. The board allotted 17,43,600 shares at Rs 97 per share to 4 anchor investors.

Basilic Fly Studio holds proficiency in the VFX industry and have delivered high-quality VFX solutions for movies, TV, net series, and commercials. Company has established a strong presence in the industry by forging direct partnerships with diverse production houses, as well as collaborating with prominent VFX companies and studios through sub-contracting arrangements. Many VFX companies and studios choose to outsource certain aspects to specialized teams who are equipped with expertise, infrastructure, and technology to manage large-scale VFX projects. The company has total strength of 474 employees in various departments.

The company recorded a revenue from operations of Rs 78.66 crore and net profit of Rs 27.90 crore for the period ended as on 31 March 2023.

Powered by Capital Market - Live News