Picture Post Studios IPO: The initial public offering (IPO) of small and medium-sized enterprise (SME) Picture Post Studios Ltd received an overwhelming response from investors during its recent three-day subscription period. The SME IPO of the VFX studio major opened for subscription on started from August 2, 2024 and was oversubscribed when it closed on August 6, 2024.
Investor's focus has now shifted to allotment status, as it has been finalised on Wednesday, August 7. Picture Post Studios IPO was subscribed nearly 266.60 times subscription on the third day of bidding. The SME IPO received 1,38,52,44,000 share applications against 5,196,000 shares offered on Tuesday.
Picture Post Studios IPO is a book-built issue of ₹18.72 crore, entirely a fresh issue of 78 lakh shares. It opened for subscription on Friday, August 2, 2024, and will close on Tuesday, August 6, 2024.
The allotment for the Picture Post Studios IPO is expected to be finalized on August 7, 2024. The IPO will list on NSE SME, with a tentative listing date fixed as August 9, 2024. Investors can bid for a minimum of 6,000 shares or in multiples thereof.
Picture Post Studios IPO price band is set at ₹22 to ₹24 per share. The minimum lot size for an application is 6,000 shares. The minimum investment required by retail investors is ₹144,000. The minimum lot size investment for HNI is two lots (12,000 shares) amounting to ₹288,000.
Shreni Shares Limited is the book-running lead manager of the Picture Post Studios IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. Shreni Shares is the market maker for the Picture Post Studios IPO.
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According to investorgain.com, Picture Post Studios' IPO GMP today, or grey market premium, is ₹10 per share. This indicates that Picture Post Studios' equity shares are trading at ₹34 apiece in the grey market, a premium of 41.67 per cent to the IPO price of ₹24 per share. 'Grey market premium' indicates investors' readiness to pay more than the issue price.
If you have applied for the Picture Post Studios IPO, you can check your allotment status online on the website of the IPO registrar, Bigshare Services Pvt Ltd. Since the allotment has now been finalised, you can check Picture Post Studios IPO allotment status of your application on the allotment link - https://ipo.bigshareonline.com/ipo_status.html.
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1.Log on to Picture Post Studios IPO allotment page
2.Select IPO Name 'Picture Post Studios' from the drop-down menu bar
3.Select option from PAN number or application number
4.As per selection add PAN number, application number, or demat account number
5.Click on the ‘Search’ button
6.You will be able to see your Picture Post Studios IPO allotment status on the screen.
Step 1: Log on to the BSE Link to check the status of your application.
https://www.bseindia.com/investors/appli_check.aspx
Step 2: Find "Equity," select it, and then choose the issue name from the dropdown menu.
Step 3: Investors must provide their PAN card number or application number after choosing the issue name.
After that, press the "Search" button.
