Basilic Fly Studio IPO Allotment Status- Basilic Fly Studio Ltd’s initial public offering (IPO) had a subscription period that lasted from September 1, 2023, to September 5, 2023, inclusive. The Basilic Fly Studio Allotment Status shall be finalised on September8, 2023, and the Reimbursement Process shall commence on September 11, 2023. Shares are deposited to the depository on September 12, 2023, and the listing date is September 13, 2023. Fly Studio is looking to raise 66.35 crores through an NSE SME IPO. The Basilic Fly Studio IPO price range is established at 92 to 97 with a market lot of 1200 shares.
On Friday, September 8, the distribution of shares for Basilic Fly Studio’s first public offering will be finished. Investors who applied for the offering can check the IPO allotment status for Basilic Fly Studio on the registrar’s website, Purva Sharegistry India Pvt Ltd. Investors can find out whether and how many shares they have been assigned through the basis of allotment. The refunding procedure for people who did not get shares will start on September 11th. Those who were assigned will receive their shares in their demat accounts on Tuesday, September 12.
Basilic Fly Studio IPO Allotment Status
On Friday, September 8, the distribution of shares for Basilic Fly Studio’s first public offering will be finished. Investors who applied for the offering can check the IPO allotment status for Basilic Fly Studio on the registrar’s website, Purva Sharegistry India Pvt Ltd. Investors can find out whether and how many shares they have been assigned through the basis of allotment. The refunding procedure for people who did not receive shares will start on Monday 11 September, November 12. Those who were assigned will receive their shares in their demat accounts on Tuesday, September 12. The visual effects (VFX) company, which has offices in Canada and the UK, hopes to raise Rs 66.35 crore through its IPO at the higher end of the Rs 92-97 per share pricing range.
The company used an anchor book on 30 August, the day before the issue was scheduled to become public, to raise Rs 16.91 crore. The shares of Basilic Fly Studio will start trading on the NSE SME on September 13. If you requested shares in the Basilic Fly Studio IPO, you can check the status of your request here. If you submitted an application for the offering, you can immediately check your Basilic Fly Studio IPO allotment status on the website of the IPO registrar, Purva Sharegistry India Pvt Ltd. You can check the Purva Sharegistry India Pvt Ltd of your application at https://www.purvashare.com/queries/.
Basilic Fly Studio IPO Allotment Status Details
| Article Name | Basilic Fly Studio IPO Allotment Status |
| Category | News |
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| Official Website | Click Here |
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Basilic Fly Studio IPO subscription
The initial public offering (IPO) of Basilic Fly Studio attracted strong interest, garnering bids for 146 crore equity shares—286.6 times the issue size of 50.96 lakh shares. The business intended to generate 66.35 crore from the initial public offering (IPO), which had a subscription period that lasted from September 1 to September 5, 2023.
According to NSE data, retail individual investors bought 84.5 crore shares of the company, while qualified institutional buyers (QIBs) bought 13.53 crore shares in the IPO, of which 1.66 crore were bought by domestic financial institutions and 4.99 crore by foreign institutional investors (FIIs). The final 6.88 shares in the QIB segment were purchased by “Others.”
Basilic Fly Studio IPO GMP
For the Basilic Fly Studio IPO, the minimum market lot is 1200 shares, and the application cost is 116,400. The NSE will list the Basilic Fly Studio IPO as an NSE SME IPO. The allocation status for Basilic Fly Studio’s IPO (Initial Public Offering) will be decided on September 8, 2023. The return process will begin on September 11, 2023, and shares will be added to Demat accounts on September 12, 2023. Basilic Fly Studio’s initial public offering is scheduled to occur on September 13, 2023.
| Opening Date | September 1, 2023 |
| Closing Date | September 5, 2023 |
| Basis of Allotment | September 8, 2023 |
| Initiation of Refunds | September 11, 2023 |
| The credit of Shares to Demat | September 12, 2023 |
| Listing Date | September 13, 2023 |
They have made a huge influence on the business by forging direct ties with numerous production houses and collaborating via subcontracting arrangements with renowned VFX studios and organisations. Many VFX studios and businesses opt to assign particular jobs to specialised teams with the know-how, resources, and equipment required to manage challenging VFX projects. Both VFX studios and businesses have generously donated money to us.
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Basilic Fly Studio IPO GMP today
The grey market premium for the Basilic Fly Studio IPO today is +230 less than it was during the last trading session, when it was +250. According to this, Basilic Fly Studio’s stock price was trading on Thursday at a premium of 230 pounds. The expected listing price of Basilic Fly Studio shares is 327 per share, which is 237.11% more than the IPO price of 97 when taking into account the upper end of the IPO pricing band and the existing premium in the grey market.
The lowest GMP is 0 and the highest GMP is 280, according to topsharebrokers.com. Based on grey market activity over the previous 14 sessions, today’s IPO GMP is trending upward and anticipates a successful listing. Investors’ willingness to pay more than the issue price is indicated by the term “grey market premium.”
How to subscribe to Basilic Fly Studio IPO?
Both ASBA and non-ASBA membership options are available for purchase. To apply for an IPO online through ASBA, go to your bank account, download the form, or obtain a printed copy of the application, fill it out, and send it back to your broker or bank.
Objects of the Issue
- setup fees for studios and buildings in Salem and Hyderabad.
- Investing in new infrastructure would help the company’s offices and facilities in Chennai and Pune.
- In order to increase workspace through equity investments in the subsidiaries, new office space in London was purchased, and the existing buildings/offices in Vancouver were improved.
Issue expenses and general business needs.
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Basilic Fly Studio IPO Shares Offered
Basilic Fly Studio’s public offering resulted in the issuance of 6,840,000 equity shares. In this offering, retail investors receive 1,035,200 shares, non-institutional investors receive 872,400 shares, and eligible institutional buyers receive 1,162,800 shares.
Basilic Fly Studio IPO Anchor Investor Allocation
At a cost of Rs 97 per share, the anchor investors would receive a total of 1,743,600 shares.
IPO Investor Categories
- Qualified Institutional buyers (QIB): Banks, FIIs, Mutual Funds, and Other Financial Institutions
- Non-Institutional investors(NII): investors of All Types (Individuals, NRIs, Businesses, Trusts, etc.)
- Retail individual investors (RII): Normal Retail Investors (NRIs)
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Basilic Fly Studio IPO details
The IPO for Basilic Fly Studio, which is valued at 66.35 crores, consists of a fresh issue of 6,240,000 shares, totaling 60.53 crores, and an offer to sell 600,000 shares of 10 rupees each, amounting to 5.82 crores. The development of studios and facilities in Salem and Hyderabad, as well as the expansion of the business’s current offices in Chennai and Pune, are just a few of the goals the company plans to finance using the net proceeds from the offering.
obtaining new office space in London and updating the current facilities/offices in Vancouver, as well as investing through equity in the subsidiaries for general corporate objectives, issue costs, and workspace development. 1,200 shares make up the IPO lot for Basilic Fly Studio.
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Basilic Fly Studio IPO Allotment Timing
The allocation status of Basilic Fly Studio IPO will be published on the register’s website between 10:00 PM on September 8, 2023 and 11:00 AM on September 11, 2023.
How to Check Basilic Fly Studio IPO Allotment Status Online?
- Visit the Basilic Fly Studio’s official website.
- Look for a tab that says “Application Status” or “Allotment Status.”
- Enter your application ID or any pertinent information.
- Select “Check Status” or a button that looks similar.
- Analyse the status update that is visible on the screen.
Conclusion
The IPO allotment status of Basilic Fly Studio is eagerly awaited by investors and market enthusiasts. As one of the leading names in the entertainment industry, Basilic Fly Studio has generated significant interest among potential shareholders. The IPO allotment status will determine the number of shares allocated to each individual or institutional investor who participated in the initial public offering.
This information is crucial for investors as it will provide clarity on their investment and allow them to plan their future actions accordingly. The anticipation surrounding the IPO allotment status reflects the high expectations and excitement surrounding Basilic Fly Studio’s potential for growth and success in the market. Investors eagerly await this announcement to assess their position and make informed decisions regarding their investment in Basilic Fly Studio.
Basilic Fly Studio IPO Allotment Status FAQ’S
How do I know if my IPO is allotted to me?
How to check IPO allotment status? The allotment status is available online on the registrar's website. An investor can check allotment status by entering PAN Number or the IPO allocation number. Registrar of the IPO also publishes a basis of allotment document.
How do I check my IPO allocation online?
Investors can check the IPO subscription status via the IPO registrar like Link Intime or KFintech. To check the IPO subscription status the investor will require his PAN card number, IPO application number, and Demat account number.
Is IPO allotment based on luck?
IPO allotment is based on luck only when there is over subscription. As per SEBI guidelines, each retail investor should get at least one lot subject to availability of shares. But, if the number of retail investors is more than the number to whom one lot can be allotted, the allotment is done based on lottery method.
What time is IPO allotted?
In about 7 days' time, the registrar of the IPO finishes and confirms allotment of the to successful bidders. The IPO allotment status can be checked via the website of the registrar. It can also be checked on the websites of the NSE or the BSE.
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