The Studio LSD IPO has generated significant interest among investors, closing with a subscription of 3.12 times on its final day of bidding. This indicates a balanced response from institutional as well as retail investors, considering the scale of the issue and its pricing. Studio LSD, a dynamic Mumbai-based multimedia production house, is stepping into the capital markets with the aim of strengthening its financial base and expanding its production capacity to meet the growing demand for high-quality entertainment content in India.

Company Overview

Studio LSD Limited is a creative powerhouse specializing in original storytelling for television and OTT platforms. With operations spread across India, the company collaborates with talented writers, directors, actors, and technical teams to deliver genre-defining entertainment. Their productions have gained recognition for blending traditional episodic storytelling with modern narrative styles, appealing to diverse audiences across the country.

The promoters, Prateek Sharma and Parth Shah, bring industry expertise and creative innovation to the business. They have been instrumental in building Studio LSD’s reputation as a go-to content creator for TV serials, web series, and other multimedia projects.

IPO Details

The Studio LSD IPO is a Book Built Issue amounting to ₹70.13 Crores. It consists of a Fresh Issue of 110 lakh equity shares worth ₹56.10 Crores and an Offer for Sale of 27.50 lakh equity shares totaling ₹14.03 Crores.

• IPO Opening Date: August 18, 2025

• IPO Closing Date: August 20, 2025

• Basis of Allotment: August 21, 2025

• Listing Date (Tentative): August 25, 2025

• Exchange: NSE SME

• Price Band: ₹48 to ₹51 per share

• Lot Size: 2,000 shares

• Minimum Investment (Retail): 2 lots (4,000 shares) = ₹2,04,000

The market capitalization at the upper price band of ₹51 per share is expected to be ₹264.65 Crores.

IPO Management

• Book Running Lead Manager: Corpwis Advisors Private Limited

• Registrar: Purva Sharegistry (India) Private Limited

• Market Maker: Rikhav Securities Limited

Objectives of the IPO

The net proceeds from the IPO will be utilized for the following purposes:

1. Capital Expenditure – ₹1,800 lakh for infrastructure and production enhancements.

2. Working Capital Requirements – ₹2,492 lakh to support ongoing projects and new productions.

3. General Corporate Purposes – To strengthen the company’s balance sheet and future growth initiatives.

Financial Performance

Studio LSD has shown consistent growth in revenues and profitability:

• Revenue from Operations:

  • FY 2025: ₹10,500.70 lakh

  • FY 2024: ₹10,249.48 lakh

  • FY 2023: ₹4,671.22 lakh

• EBITDA:

  • FY 2025: ₹1,604.28 lakh

  • FY 2024: ₹1,484.46 lakh

  • FY 2023: ₹377.97 lakh

• Profit After Tax (PAT):

  • FY 2025: ₹1,167.00 lakh

  • FY 2024: ₹1,090.37 lakh

  • FY 2023: ₹279.50 lakh

This trajectory reflects robust operational performance and profit growth, underlining the company’s ability to capitalize on India’s growing demand for digital entertainment.

Valuation Metrics

• Pre-Issue EPS: ₹2.85

• Post-Issue EPS: ₹2.25

• Pre-Issue P/E Ratio: 17.89x

• Post-Issue P/E Ratio: 22.68x

• Industry Average P/E: 14x

The company’s Return on Capital Employed (ROCE) for FY24 stood at 57.29%, while Return on Equity (ROE) was 53.78%. These ratios suggest efficient capital usage and profitability but also indicate that the IPO is fully priced compared to industry peers.

Grey Market Premium (GMP)

As of August 13, 2025, the Studio LSD IPO Grey Market Premium (GMP) stood at ₹0, suggesting no premium over the issue price. This reflects muted grey market activity and emphasizes that real value discovery will occur only after listing on the stock exchange.

Subscription Status

On the final day, August 20, 2025 (7:00 PM), the IPO was subscribed 3.12 times. This shows moderate interest from investors, largely driven by confidence in the company’s creative track record and financial stability.

Allotment & Listing

The basis of allotment is scheduled for August 21, 2025, and successful applicants can check their allotment status online by entering their application number, PAN, or DP Client ID on the registrar’s website. The tentative listing date is August 25, 2025, when the shares will debut on the NSE SME platform.

Studio LSD IPO Review

While Studio LSD’s creative strengths and strong financial performance are encouraging, the valuations appear stretched compared to industry standards. With no visible Grey Market Premium (GMP) and limited scope for immediate listing gains, investors may consider avoiding this IPO purely for short-term profits. However, those with a long-term investment horizon and confidence in the growth of the Indian content production industry may find the company’s fundamentals attractive.

✅ Final Verdict:
The Studio LSD IPO is fully priced with no visible grey market momentum. Investors looking for listing gains may avoid, while long-term investors who believe in the content creation sector’s future growth can evaluate investing.

The Upcoming IPOs in this week and coming weeks are Anlon Healthcare, NIS Management, Sattva Engineering Construction, Globtier Infotech, Current Infraprojects, Anondita Medicare, Classic Electrodes (India), Vikran Engineering, Shivashrit Foods.

The Current active IPO are ARC Insulation & Insulators, Mangal Electrical Industries, LGT Business Connextions, Vikram Solar, Gem Aromatics, Shreeji Shipping Global, Patel Retail.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.