Picture Post Studios Limited IPO GMP

Picture Post Studios is a leading provider of creative and innovative post-production services, catering to a diverse range of clients from various industries. 

Picture Post Studios, a Book Built Issue amounting to ₹18.72 crores, consisting entirely a Fresh Issue of 78 Lakh Shares. The subscription period for the Picture Post Studios IPO opens on August 02, 2024, and closes on August 06, 2024. The allotment is expected to be finalized on or about Wednesday, August 07, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Friday, August 09, 2024.

The Share price band of Picture Post Studios IPO is set at ₹22 to ₹24 equity per share, with a minimum lot size of 6,000 shares. Retail investors are required to invest a minimum of ₹144,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (12,000 shares), amounting to ₹288,000.

SHRENI SHARES LIMITED is the book-running lead manager, BIGSHARE SERVICES PVT LTD is the registrar for the Issue. Shreni Shares Limited will act as the Market Maker for the Picture Post Studios IPO.

Picture Post Studios Limited IPO GMP Today
The Grey Market Premium of Picture Post Studios Limited IPO is expected in the range of ₹15 to ₹17 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Picture Post Studios Limited IPO Live Subscription Status Today
As of 06:00 PM on 02 August 2024, the Picture Post Studios Limited IPO live subscription status shows that the IPO subscribed 5.62 times on on the first day of subscription period. Check the Picture Post Studios Limited IPO Live Subscription Status Today at NSE.

Picture Post Studios Limited IPO Allotment Status
Picture Post Studios IPO allotment date is 07 August, 2024, Wednesday. Ola IPO Allotment will be out on 7th August 2024 and will be live on Registrar Website from the allotment date. Check Picture Post Studios Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Picture Post Studios Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Picture Post Studios Limited IPO
Picture Post Studios Issue Proceeds from the Fresh Issue will be utilized towards the following objects :
1. ₹803.76 Lakhs is required for Funding of capital expenditure of their Company towards purchase of equipment and Software; 
2. ₹500.00 Lakhs is required for Repayment/prepayment of all or certain of their borrowings availed by their Company; 
3. General corporate purposes.

Refer to Picture Post Studios Limited RHP for more details about the Company.