The IPO of Picture Post Studios Ltd, a VFX studio, has received an exceptional response from investors. The three-day subscription period, which began on August 2, 2024, concluded on August 6, 2024, with the offering being oversubscribed by nearly 266.6 times.
As of August 7, 2024, the allotment status for the Picture Post Studios IPO has been finalized. The SME IPO, which involved issuing 78 lakh shares at a price band of ₹22 to ₹24 per share, saw 1,38,52,44,000 shares applied for, against the 5,196,000 shares available.
IPO Details:
- Issue Size: ₹18.72 crore
- Price Band: ₹22 to ₹24 per share
- Minimum Lot Size: 6,000 shares
- Retail Investment Minimum: ₹144,000
- HNI Investment Minimum: ₹288,000
The IPO is set to list on the NSE SME platform with a tentative listing date of August 9, 2024.
Grey Market Premium (GMP):
According to investorgain.com, the GMP for Picture Post Studios’ IPO is ₹10 per share, indicating a grey market price of ₹34 per share, which is a 41.67% premium over the upper issue price.
Checking Allotment Status:
To check your allotment status, visit the Bigshare Services Pvt Ltd website or the BSE India website. Follow the instructions to enter your PAN or application number to view your status.
For further details, you can visit the allotment status page on Bigshare Services or BSE India.
